Anthropic's H1 $80B net loss, SpaceX AI revenue up 830%
Tue, Oct 20
Tomorrow's events: Money20/20 USA (day 4); Cloudflare Connect 2026: The Agentic Conference (day 3); Nvidia GTC Berlin (day 2); Masters of Scale Summit (day 2); Earnings: META, SAP, IBM, TXN; Valencia Digital Summit
top news
Anthropic's IPO prospectus: H1 2026 revenue of $16.3B, ~20% from two customers, vs. $1.1B in H1 2025, and an $80.7B net loss driven by accounting charges (Anissa Gardizy / Wall Street Journal)
@andrewcurran_: The WSJ has seen Anthropic's new draft prospectus. Some numbers: They plan to spend three-quarters of a trillion dollars on compute over the next seven to ten years. - $111 billion on Google cloud computing contracts - $110 billion with Amazon Web Services - $31 billion on Microsoft - $86 billion on Nscale and Lambda - $160 billion on Broadcom - $150 billion in additional compute deals under negotiation I don't see Elon/Colossus listed here?...I think that's another $85 billion through 2029SpaceX reports Q3 revenue up 161% YoY to $14.58B, vs. $12.72B est., AI revenue up 830% to $7.56B, and AI operating income of $431M, up from a loss of $1.7B (Lora Kolodny / CNBC)
- Elon Musk says Tesla and SpaceX have formed special committees to discuss a possible merger and calls the possibility of a Tesla-SpaceX merger a “good idea” (Andrew J. Hawkins / The Verge)
- SpaceX reports Q3 capex of $19.6B, up from $6.9B a year earlier, and Q3 connectivity revenue, which includes Starlink, up 69% YoY to $5.2B (Becky Peterson / Wall Street Journal)
SPONSOR Copilot to autopilot: Why no single safeguard is enough — Microsoft designed a layered model that lets an AI agent resolve network incidents on its own within defined boundaries.
DeepSeek open-sources DeepInfer, its high-performance inference framework that powers its production services, starting with support for DeepSeek-V4.1-Flash (Saritha Rai / Bloomberg)
@yuchenj_uw: “A single cluster currently serves 155 trillion tokens/day, generating $38 in revenue per GPU-hour (at off-peak pricing). @victor207755822: Open source vs. closed source. Light vs. darkness. A decisive battle between two futures, two destinies for humanity. However long they want to fight, we'll fight. Until total victory. @kimmonismus: Let's go: DeepSeek just open-sourced DeepInfer, the inference engine behind its production services. Sharing this makes open models efficient at scale is a big deal: model weights alone don't make AI cheap to run. But *this* helps. Also notable: it runs on Huawei chips, not just Nvidia. [embedded post]Netflix reports Q3 revenue up 12% YoY to $12.87B, in line with est., net income up 44% YoY to $3.66B, in part due to expenses timing; NFLX drops 5%+ after hours (Sarah Whitten / CNBC)
- Netflix says despite investor concern about its view-hours growth, its engagement is “healthy” and it will try to bring more third-party content to its service (Nicole Sperling / New York Times)
- Netflix says it expects FY 2026 ad revenue of ~$2.7B, under its ~$3B forecast, and its Q4 operating margin will be impacted due to costs associated with layoffs (Todd Spangler / Variety)
Sources: Elon Musk ordered Starshield slowdown in Ukraine and discussed it with Trump after the issue became public; some US officials say he acted unilaterally (Wall Street Journal)
Eight intermediate TLS certificates from eMudhra with private key sizes of just 3 to 8 bits were compromised; browser makers and major apps have blocked them (Dan Goodin / Ars Technica)
PHP development team plans to release updates tomorrow to address two vulnerabilities, each rated 9.2; security researchers at watchTowr say they are RCE flaws (Lawrence Abrams / BleepingComputer)
Artificial Intelligence
Sensor Tower: Muse passed 10.9M downloads since its September debut, 10.2M of them in the US, becoming the 12th app to hit 10M US downloads in its first 40 days (Sarah Perez / TechCrunch)
Sources: Sam Altman told OpenAI staff of three AI endgames: an IAEA-style regulator, a CERN-like lab merger, or one lab using RSI to “melt everyone else's GPUs” (The Information)
Google debuts TorchTPU, an open-source version of PyTorch for running AI apps on TPUs and Google Cloud via a simple configuration change and no code rewriting (Julie Bort / TechCrunch)
Google says it is rolling out Personal Intelligence for Gemini on Android Auto now and to cars with Google built-in in the coming months as an opt-in feature (Abner Li / 9to5Google)
Data Centers
Social Networks
Meta Chief Global Affairs Officer Joel Kaplan plans to leave in 2027, after 15+ years as Mark Zuckerberg's top DC adviser; Kaplan helped Meta get close to Trump (Mike Allen / Axios)
TikTok staff depositions: TikTok executives ignored internal warnings about child sexual exploitation on Live, where staff said minors appeared in livestreams (Katie McQue / NPR)
Survey: 20% of US adults regularly consume news on TikTok, up from just 3% in 2020; 39% of those aged 18 to 29 and 25% of those aged 30 to 49 do so regularly (Katerina Eva Matsa / Pew Research Center)
Regulation
Litigation
M&A
Public Listings
funding deals
Chinese robovan maker Neolix raised a $400M Series E led by Boyu, taking total funding to $1.4B+; it operates 30K+ vehicles in 300+ cities across 20 countries (Saritha Rai / Bloomberg)
Arda, which builds AI software and agents to accelerate assembly lines and manufacturing, raised $230M at a $1.5B valuation led by Altimeter, Accel, and Khosla (Kate Rooney / CNBC)
Pigment, a French startup that makes AI-powered software to help businesses forecast finances, spin up slide decks, and more, raised $250M at a $2.3B valuation (Dina Bass / Bloomberg)
Eka Robotics, which is developing a “vision-force-action” architecture for its physical AI models, raised a $150M Series A at a $1.45B post-money valuation (Tim Fernholz / TechCrunch)
Estonia-based web traffic security tools startup Blackwall raised a $100M Series C led by AVP at a $2.2B valuation, after raising a €45M Series B in March 2025 (Ram Iyer / TechCrunch)
Oro Mobility, a Hertz-owned fleet management business that has a deal to manage Uber's planned Lucid robotaxi fleet starting in San Francisco, raised $80M (Joann Muller / Axios)
more news
A profile of Xbox CEO Asha Sharma; sources: Xbox plans a major Game Pass overhaul, a next-gen handheld device by late 2027, and a next-gen console by late 2028 (Sebastian Herrera / Fortune)
Apple says it will commit up to $100M over three years to Pennsylvania-based Perryman, a titanium supplier for the iPhone Duo, and expand its Qnity partnership (MacKenzie Sigalos / CNBC)
SPONSOR UK tax compliance with Zoho Books — The evolving tax landscape in the UK has added an additional responsibility to business owners, accountants, and bookkeepers to ensure their choice of accounting software supports compliance …
Note-taking tool Otter.ai raised $320M in non-dilutive capital from General Catalyst's Customer Value Fund; PitchBook says it raised $50M prior to this round (Ivan Mehta / TechCrunch)
Spotify launches paid podcast memberships in 34 markets, including the US; creators can offer perks like bonus content or fewer ads and keep 90% of the revenue (Sarah Perez / TechCrunch)
Amazon plans to hire 300K+ US seasonal, part-time, and full-time workers for the upcoming holiday shopping season, up 20% YoY, paying $20-$24/hour on average (Spencer Soper / Bloomberg)
Super Micro reports preliminary Q1 revenues of $18.5B to $19.5B, vs. $15B est., and gross margins of 12% to 12.5%; SMCI jumps 11%+ after hours (Dina Bass / Bloomberg)
An interview with OnlyFans CEO Keily Blair about plans to offer financial services to its 2.5M active creators, a potential IPO, and more (Emma Hinchliffe / Fortune)
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