Nubank improves 2026 efficiency ratio outlook as AI leads hiring slowdown
We haven't written up this one. Channel News Asia has the full story — the link below goes straight to it.
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SpaceX plans to invest $50B in an Arizona data center campus and $24B in a Texas campus; in October, it said its AI business generated 50%+ of its revenue (Grace Kay/New York Times)
Elon Musk's rocket and artificial intelligence company has spent billions to develop the giant warehouses full of computer servers that power the technology.
Three Lincoln Laboratory technologies receive 2026 R&D 100 Awards
A secure operating system, a quantum microsystem platform, and a 5G interference-canceling algorithm are named among the year's most significant innovations.
Shares of AI cloud operator Nebius drop 16%+ despite strong quarterly results
Shares of artificial intelligence cloud operator Nebius Holdings NV dropped 17% today after it posted third-quarter financial results. The company’s adjusted profit and revenue topped expectations.
Sources: Anthropic's IPO is about six times oversubscribed, and bankers have told prospective investors that existing backers will be prioritized (Bailey Lipschultz/Bloomberg)
Anthropic PBC's initial public offering has drawn about six times the orders for the shares available, according to people familiar with the matter …
Cisco beats on earnings, says AI infrastructure revenue will double this fiscal year
Cisco is trying to become a bigger player in AI after missing out on the early years of the boom.