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Microsoft has never disclosed Azure’s quarterly revenue in dollars. But for the first time, we can see just how close it is getting to besting the biggest competitor in the market, AWS.
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Anthropic is weighing setting aside 15% to 20% of the shares in its IPO for retail investors, people familiar with the matter told Bloomberg on Wednesday, 28 October. JPMorgan will lead the US retail offering, they said. TNW has not independently verified the report.
Alphabet today announced Q3 2026 earnings with $127.6 billion in revenue. These numbers range from July to September. more…
SK Hynix reported record third-quarter results on Wednesday, 28 October. Operating profit rose 632% from a year earlier to 83.3 trillion won (about $62bn). Revenue rose 328% to 104.6 trillion won, it said in its earnings release.
Robotics AI startup Physical Intelligence is in talks to raise money at a valuation of about $20bn. It builds AI software that lets robots handle real-world tasks. Rebecca Torrence and Natasha Mascarenhas reported the talks for Bloomberg on Tuesday, citing people familiar with the matter.
Machenta, a London robotics startup spun out of Imperial College London, has raised a $40M seed round. It is building an AI model that teaches robots a new task from a single demonstration. Creandum and Union Square Ventures co-led the round, Imperial said on 27 October.
Anthropic’s IPO filing leaves Ben Mann, who co-leads its Labs team, out of the founder group that will control the company after it lists. A footnote on page 248 of the S-1 prospectus, filed on 26 October, says Mann is “often referred to as a co-founder”.
Prepare to cough up around $14,549 if you want the new touchscreen MacBook Pro to have every upgrade.
The announcement came alongside parent company Alphabet’s third-quarter earnings report, which saw revenue grow 25% year over year to $127.6 billion.
Microsoft said it made $10 billion in revenue from commercial arrangements with OpenAI, including revenue-sharing payments, in the quarter ending September 30. It underscores the still-enormous financial dependency of the partnership.
Whatever the future of AI might be, the current situation is still very good for Microsoft. The tech giant reported yet another record for quarterly revenue on Wednesday: $92.3 billion, a 19% increase over the year-ago quarter.
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