AI today, 3 November 2026: Anthropic's Q3 numbers, OpenAI's smaller round, Marvell's $115B deal
11 things that happened in AI, each in under a minute. The day's thread is money. Anthropic's fuller IPO filing shows rapid revenue growth next to a very large compute bill, while OpenAI's smaller round, Oracle's share sale and Marvell's stock-funded mega-deal all point to a build-out that is straining its financing. Meanwhile the security stories (fake deepfake apps, AI-assisted intrusions, the NCSC warning) show the abuse side moving as fast as the products.
-
Business · Big
Anthropic's amended S-1: $17B Q3 revenue, $895.4B in compute and lease commitments
Anthropic filed an amended IPO prospectus on 2 November that adds third-quarter numbers. Revenue for the first nine months was $33.24B and Q3 alone about $17B, but Q3 growth slowed to about 47% from 144% in Q2. The nine-month net loss was $104B, mostly from changes in the fair value of convertible notes and derivatives, and purchase and lease commitments total about $895.4B, substantially all for compute and infrastructure.Why it matters: Investors now see both the growth and the size of the bill it has to cover. For the earlier look at the commitments, see /explained/anthropic-s-1-ipo-compute-commitments-explained/.
-
Business · Big
AI funding gets tighter: OpenAI's round cut to $20B, Oracle sells $20B of stock and bonds
OpenAI cut the target of its latest round to about $20B from $30B, according to the Financial Times, and had about $11B in commitments, per the Wall Street Journal (as relayed by Fortune). Oracle filed to sell $10B of stock and $10B of notes; its shares fell 8.8% on the day. Fortune adds that S&P cut its outlook on Meta to negative, and Gartner estimates data centres will earn at most $3.6T in AI revenue by 2030 against the $8.5T owners need.Why it matters: The AI build-out depends on cheap capital; if lenders hold back, the $800B of expected hyperscaler spending this year is the first thing under pressure.
-
Hardware
Marvell agrees $115B all-stock deal to buy optical maker Lumentum
Marvell will buy Lumentum at an implied enterprise value of $115B, paying 4.5 Marvell shares per Lumentum share with no cash. Closing is expected in the first half of 2028. Marvell shares fell about 13% and Lumentum's nearly 19% on the day.Why it matters: It bets that moving data between AI chips with light, not copper, is the next bottleneck, and it is a large deal made while AI stocks are wobbling.
-
Safety
WIRED: 400+ linked apps and domains hid sexual and violent deepfake tools
A WIRED investigation, as reported by 9to5Mac, found more than 400 connected apps and domains that look harmless but can activate a hidden web interface that generates sexual and violent deepfakes from uploaded photos. Some passed review at Apple, Google and Meta. Apple removed 19 apps after WIRED shared details and said developers changed the content their apps pulled from websites after approval; Meta said it acted against more than 10,000 ad accounts. The report says the apps were apparently created by a single Chinese organization.Why it matters: App-store review is built to catch what an app does on day one, not what a server can unlock later.
-
Policy
New York Times and three other publishers sue Brave over AI-bound web scraping
The NYT, and separately the Daily News, Chicago Tribune and Orlando Sentinel, sued Brave in federal court in Manhattan. They allege Brave scraped copyrighted articles into an index of over 30B pages and supplied them to AI firms the suits name as Anthropic, Perplexity, Mistral, xAI and Cohere. These are allegations; Brave had not responded when TechCrunch published.Why it matters: It targets the supplier of search data to AI companies rather than the AI companies themselves, widening the copyright fight.
-
Business
DeepSeek reportedly raises nearly $16B in second funding round
The Information reports that DeepSeek raised nearly $16B in its second funding round. The article is paywalled; investors and valuation are not visible in the public text, and DeepSeek has not confirmed the figure.Why it matters: A Chinese open-weight lab raising Western-scale money would show how much capital is flowing outside US labs.
-
Policy
UK NCSC: AI-powered ransomware on critical infrastructure 'highly likely' by 2028
In its State of the Cyber Nation report, the NCSC says hostile use of AI will raise the scale and efficiency of ransomware, social engineering and vulnerability exploitation within two years. The government has announced £60M for a Cyber Shield and £70M for a vulnerability-monitoring centre.Why it matters: A national agency is now planning around AI-driven attacks as the baseline.
-
Safety
WorkOS discloses breach in which attackers used an AI-assisted offensive framework
WorkOS says it found unauthorized access to an internal sales and support tool on 30 October. Affected data includes business contact details, call summaries and customer Slack excerpts. Its investigation identified an AI-assisted offensive security framework automating reconnaissance and exploitation attempts. WorkOS says it has no evidence production services or application data were accessed; the investigation is ongoing.Why it matters: Leaked call summaries make phishing convincing; this is a real case of AI-automated intrusion, not a lab demo.
-
Business
OpenAI hires ex-Army Secretary Driscoll and signs Abu Dhabi government deals
OpenAI named former Army Secretary Dan Driscoll to the newly created role of senior counselor for national security modernization, per CNBC. Separately, Abu Dhabi agreed deals with OpenAI including a machine-readable-government pilot on food imports and a five-year Frontier platform agreement through Inception42.Why it matters: OpenAI is pushing further into government work at home and in the Gulf.
-
Models
Meituan launches LongCat-2.5, a 1.6T-parameter multimodal model
Meituan's LongCat-2.5 has 1.6 trillion total parameters with about 48B active per token, takes text and images, and targets long coding tasks. It is available through Meituan's chat and API; weights on GitHub and Hugging Face are planned. TechNode cites no benchmarks or licence terms.Why it matters: Another Chinese lab is shipping a trillion-scale model, but without benchmarks or a licence there is little yet to judge.
-
Business
Palantir Q3 revenue up 96% to $2.31B; US commercial passes government for the first time
Palantir reported $2.31B revenue against $2.18B expected. US commercial revenue rose 148% to $984M, above US government revenue of $953M. It raised full-year guidance to about $8.53B; shares fell about 3% after hours.Why it matters: An AI-software earnings report showing enterprise demand beating analyst expectations.
How this was made: compiled by an AI model (Claude) from the linked sources and checked item by item in a separate AI fact-check pass. Corrections: [email protected].