Business

Oracle plans to raise $20B, its whole limit through 2030

Oracle filed on Monday to sell $10 billion of new shares and $10 billion of bonds. Last week it promised to raise no more than $20 billion of new money through its 2030 financial year. Prices and interest rates are not set yet.

Oracle launched the two offerings in filings on Monday, November 2. It says the money is for general corporate purposes, which may include capital spending and paying back debt. Oracle is spending heavily on data centres for AI, and its shares fell on the news.

Aramco takes 49% of Saudi AI firm HUMAIN, adds $2.6B cash

Saudi Arabia’s oil giant closed the deal with the country’s wealth fund, which keeps 51%. HUMAIN says it plans 3 gigawatts of AI data centres by 2030.

Saudi Aramco and the Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, said on November 1 that they have closed a deal on HUMAIN, the country’s state-backed AI company. Aramco now owns 49% through a subsidiary, and PIF keeps 51%. Aramco puts in about 9.9 billion riyals ($2.6 billion) in cash during 2026, plus its own AI, computing and digital assets.

US computer science enrollment drops 12% this fall

Early data from the National Student Clearinghouse show double-digit falls at four-year colleges, two-year colleges and graduate schools. Total college enrollment stayed about the same.

Fewer students in the United States are studying computer science, according to early fall 2026 data published on October 29 by the National Student Clearinghouse Research Center. Enrollment in computer and information science fell 12.4% at four-year colleges, 12.3% at two-year colleges and 10.4% at graduate schools. Total enrollment rose 0.2%.

Nvidia says it will buy $3B of Meta’s new shares

The two companies will deepen their work on Meta’s Muse AI models, and Meta intends to use more of Nvidia’s Vera Rubin systems. Meta is selling about $35 billion of new stock, and Nvidia, AMD and Broadcom have shown interest in up to $5 billion of it.

Nvidia announced the $3 billion investment in a release dated October 26, the day Meta filed details of its share sale with US regulators. The investment is not complete yet. Neither company gave chip numbers, a time frame or a value for the hardware.

Anthropic’s public IPO filing shows $16.3B in half a year

Anthropic made its stock market prospectus public on Monday and plans to list on Nasdaq as “ANT”. Revenue in the first half of 2026 was $16.3 billion, up from $1.2 billion. The net loss was $80.7 billion, mostly a paper loss on convertible notes.

Anthropic filed its prospectus with the US Securities and Exchange Commission on Monday, October 26, so investors can now read it. Its revenue was $16.3 billion in the first six months of 2026. It has not yet set the number of shares or their price.

Musk says SpaceX closed $40B of debt to buy AI chips

Elon Musk wrote on X on Sunday that SpaceX has closed $40 billion of debt for graphics chips, which arrive in early 2027. He also said lenders have almost stopped funding AI data-centre firms without other income, and predicted that most of the 200-plus “neoclouds” will not survive.

SpaceX has closed $40 billion of debt to buy GPUs, the chips that train and run AI models, Elon Musk said in a post on Sunday, October 25. SpaceX has not published the lenders, the interest rate or the closing date. In early October, Bloomberg reported that the talks were at an early stage.

OpenAI cuts its valuation goal to $1.25T, reports say

CNBC and Bloomberg report that OpenAI is raising about $30 billion at a value of $1.25 trillion. That is $150 billion less than the figure discussed earlier. OpenAI declined to comment.

People familiar with the talks say OpenAI wants commitments from investors by the end of next week. The investment firm Coatue is in talks to co-lead the round, and investors from the United Arab Emirates are also involved, both outlets report.

Barclays to cut 5,000 jobs, partly because of AI, it says

The British bank says about 5% of its staff will go, and about 60% of the cuts are in support jobs, including developers. Its leaders say AI makes people more productive, but call it only “the icing on the cake”.

Barclays announced the cuts with its results for July to September, when its profit before tax rose 12%. The bank says the cuts are part of a plan to save more than £1.1 billion in 2027.

Meta plans nonvoting shares as its AI bills keep growing

Every Meta share will get one new Class C share with no vote in January 2027. Meta now expects $135 billion to $145 billion of capital spending in 2026.

The new shares carry no votes, so Meta can sell them or pay with them without weakening Mark Zuckerberg’s control. In a separate deal, Zuckerberg agreed to stay in California for eight years.

AI is now SpaceX’s biggest business, ahead of Starlink

SpaceX says its AI unit brought in $7.6 billion in the third quarter, mostly from renting out computing power. It spent $16.4 billion on AI equipment in the same three months.

SpaceX’s revenue rose 161% from a year earlier to $14.6 billion in the quarter to September. Its AI unit, called Super Intelligence, made $7.6 billion, more than its Starlink internet business. The AI unit made an operating profit of $431 million, after a loss a year earlier.

Salesforce agrees to buy marketing firm Braze for $5.66B

Salesforce will pay $47.50 a share in cash for Braze, which sends brands’ messages to customers. It says Braze fits its AI agents, and the deal still needs approval from shareholders and regulators.

Salesforce has agreed to buy Braze, a platform that helps consumer brands send personal messages through apps, email and text, for about $5.66 billion in enterprise value. Braze shareholders get $47.50 a share in cash. The deal is expected to close in Salesforce’s fiscal year 2028.

Anthropic plans to put 5% of its shares in a public fund

Stockholders must still approve it. The board can add 2% more for every 50% rise in the company’s value above a baseline it has not published, and the fund may not pay for lobbying.

Anthropic said on October 18 that it will commit 5% of its shares to a new Anthropic Public Benefit Fund, if its stockholders approve. The fund is a company that Anthropic fully owns, not a charity. Business Insider puts the 5% at about $48 billion, based on Anthropic’s valuation in May.

Jev maker TypeSafe raises $870M at a $7.5B valuation

Andreessen Horowitz led the round, which TypeSafe calls a Series A, less than four weeks after Jev launched. TypeSafe says a third of the Fortune 500 already use the model, and has not named them.

TypeSafe AI, which makes the decision model Jev, said on October 9 that it raised $870 million at a $7.5 billion valuation. Andreessen Horowitz led the round, with Sequoia Capital and the earlier investor DCVC. Jev launched on September 15 with a $40 million seed round. TypeSafe says the new money will add models and features for large companies.

OpenAI’s revenue pace nears $50 billion, reports say

OpenAI told investors the figure for the end of September, the FT, Bloomberg and CNBC report. Earlier reports of about $70 billion counted revenue in another way, and AI chip and cloud shares fell.

OpenAI told investors that its annualized revenue was approaching $50 billion at the end of September, the Financial Times reported on October 8. Bloomberg and CNBC confirmed the figure with their own sources. Reports in late September had put it at $68 billion to $70 billion. OpenAI declined to comment.

Deutsche Telekom expects €2.5 billion AI savings by 2030

The telecom group also wants €800 million of AI revenue outside the US by 2030. Reuters notes the savings figures leave out what the AI itself costs.

Deutsche Telekom held an AI investor day in Bonn on Monday, October 5. It said AI and automation should cut its indirect costs by about €2.5 billion by 2030, compared with 2023. It expects gross savings of about €1.1 billion outside the US in 2027.

Schneider Electric to buy PTC for $22.6 billion, citing AI

The French energy-tech group will pay $205 a share in cash for the US maker of design software. It calls the deal a bet on industrial AI.

Schneider Electric said on Monday, October 5, that it will buy PTC for $205 per share in cash. That values PTC’s shares at about $22.6 billion, or $23.7 billion including debt. The deal is expected to close by the third quarter of 2027.

Musk says SpaceXAI will be renamed SpaceXSI

Elon Musk’s AI company is following Trump’s order to say “Super Intelligence” instead of AI. Musk gave no date, and the company has made no formal announcement.

Elon Musk said on X on Sunday, October 4, that SpaceX’s AI unit, SpaceXAI, will change its name to SpaceXSI. The company makes the Grok chatbot. The move follows President Trump’s order telling federal agencies to replace “AI” with “Super Intelligence”.

ElevenLabs is now valued at $22 billion after a share sale

Employees sold $300 million of stock at twice February’s valuation, and the company raised no new money. ElevenLabs says businesses now bring in 55% of its revenue, and voice agents are its fastest-growing product.

ElevenLabs, the AI voice company, said on September 30 that a $300 million share sale by employees values it at $22 billion. Wellington and T. Rowe Price led the deal, and investors including EQT, Goldman Sachs and Singapore’s GIC bought in for the first time. The valuation is double the $11 billion of its funding round in February.

Reddit will end RSS feeds and its public API over scraping

RSS stops on November 13 and public API access ends in March 2027. Reddit blames large-scale scraping and automated abuse, and apps that want to keep access must register.

Reddit told moderators and developers on September 30 that its RSS feeds will stop on November 13, and that public access to its API will end in March 2027. It called RSS “a common surface for large-scale scraping and automated abuse”. Apps and bots must register on its Developer Platform to keep access, and Old Reddit will be limited to moderators and recent users.

Anthropic’s IPO filing lists existential risks, reports say

Reuters and the Financial Times say they have seen the unpublished prospectus. It shows revenue up twelvefold in 2025 and an operating loss of $8 billion.

Anthropic’s prospectus for its planned stock market listing warns that advanced AI could pose “catastrophic or existential risks to humanity”, Reuters reported on September 28 after reviewing the filing. It shows revenue of nearly $4.6 billion in 2025, twelve times the year before, and a net loss of $42 billion, most of it an accounting charge. Anthropic declined to comment.

Blue Cross ties $942 million in extra hospital costs to AI

Its insurers say AI coding tools make patients look sicker on paper. Hospitals say their patients really are sicker.

The Blue Cross Blue Shield Association said on September 24 that hospitals billed more stays as medically complex from 2023 to 2025. It estimates that this added $942 million in costs for Blue plans, with no matching change in care, and links the rise to AI coding tools. The hospital industry calls such claims unproven.

Anthropic’s founders seek 50.1% of the vote, report says

The seven co-founders own about 2% each. A trust would still choose most of the board.

Anthropic is asking shareholders to approve special shares for its seven co-founders, The Information reported on September 24. Together they would hold 50.1% of the vote on most company matters. The control would last as long as at least three founders keep a minimum stake. Anthropic has not commented.

Higgsfield says its sales now run above $1 billion a year

The AI video startup multiplied its last four weeks of revenue by 13.

Higgsfield, which makes AI tools for video, told Bloomberg on September 24 that its annualized revenue run rate has passed $1 billion. The company calculates it from its latest four weeks of revenue. Demand is strongest from brands that make video ads, Bloomberg reports.

Anthropic committed $11.6 billion to Akamai’s cloud

The deal runs seven years. In return, Anthropic can earn a stake of up to 5% in Akamai.

Akamai said on September 24 that Anthropic will spend $11.6 billion over seven years on its cloud, mainly for CPU computing. The deal could grow to about $20 billion. Anthropic also received a warrant for up to about 5% of Akamai, which vests as its spending grows.

Drone maker Tekever is now valued at $6.4 billion

How much of the new money has arrived is not public.

Tekever, a surveillance-drone maker founded in Portugal and based in the UK, announced the first close of a $580 million funding round on September 23. UC Investments and Baillie Gifford led it. Tekever says the round values it at $6.4 billion, about five times its value in May 2025.

AMD is now worth more than $1 trillion

The rally rests on a bet that AI agents will need more processors.

AMD’s shares closed at a record $615.52 on September 21, lifting its market value above $1 trillion for the first time. It announced no new deal or product. Traders are betting that AI agents will need many more server processors.

Google’s AI Economy Atlas shows where AI work differs

It does not measure every job.

The open Atlas compares work-related AI use across countries and occupations. A linked science study reports time savings, but also finds that checking results and physical work still slow research.

Mistral raised €3 billion

Now it must turn European trust into useful AI.

The French AI company reached a value above €21 billion after a new funding round. The money can buy more computing power, but it does not guarantee better models or lasting customers.

Nvidia wants to buy Hugging Face for $12.93 billion

Hugging Face is a major home for open AI models. Nvidia says it will keep the platform open to other chips and clouds, but users and regulators will watch closely.

Broadcom made $16.7 billion from AI hardware in one quarter

Large cloud companies are buying custom AI chips and fast network equipment. This shows that the AI hardware boom is bigger than general-purpose GPUs alone.

AI agents impress, but can companies make money from them?

AI agent demos can look great, but real work also includes errors, checks, and retries. These extra steps can make each useful result expensive.