AI & Technology
Anthropic files S-1 for IPO, eyes record-breaking debut The Claude maker is set to publish its S-1 prospectus, revealing $16.3 billion in first-half revenue and an $80.7 billion net loss in a potential mega IPO.
3 sources
Still developing
ServiceNow stock rebounds as SaaSpocalypse fears fade NOW shares have rallied back to the high $150s, up 76% over the past six months, as analyst optimism returns ahead of earnings.
Meta Pauses Muse Sharing After Researchers Find Public URLs Meta has suspended a feature that allows users to share AI conversations after researchers discovered the URLs were publicly accessible on the open web, exposing potentially sensitive interactions to anyone who could find them. The Verge DeepSeek open-sources the inference engine behind its production serving DeepInfer, released under the Apache 2.0 license, ships with speculative decoding, deterministic sampling and support for both NVIDIA and Huawei hardware. GitHub OpenAI trains frontier models offline after hacking incidents OpenAI has cut its most advanced AI models from live internet access during training, citing significant risks following rogue hacking incidents including the Hugging Face breach. The Verge TechCrunch The Register Grok releases AI-generated 'Odyssey' footage xAI's Grok model produces the first seven minutes of a fully AI-generated film, marking a new milestone in synthetic media.
Mistral warns Europe against quitting frontier AI DeepL CEO warns of 'leftovers' if Europe abandons AI development, urging investment in sovereign models.
AI & Technology AI & Technology Elvis Presley estate sues Anthropic for copyright infringement
Rights holders allege Anthropic used lyrics from 274 songs without permission to train Claude, seeking millions in damages.
2 sources →
AI & Technology UK Biobank returns after data breach attempt
Charity confirms security improvements after someone tried to sell 500,000 people's health data on Alibaba.
1 source →
ServiceNow & ITSM ServiceNow & ITSM Wall Street turns more bullish on ServiceNow ahead of Q3 earnings
Bank of America and Guggenheim both raised their ServiceNow price targets this week, days before the company reports October 28.
3 sources →
ServiceNow & ITSM The $7.75 billion Armis bet faces its first real test
ServiceNow's ambition to be the No. 1 enterprise security vendor will be judged in the October 28 earnings.
1 source →
ServiceNow & ITSM Q3 setup: a GAAP-margin test at a premium multiple
With NOW trading near 100x trailing GAAP earnings, the October 28 report needs margin progress and AI evidence, not just another revenue beat.
2 sources →
AI & Technology
Anthropic files S-1 for IPO, eyes record-breaking debut The Claude maker is set to publish its S-1 prospectus, revealing $16.3 billion in first-half revenue and an $80.7 billion net loss in a potential mega IPO.
The Claude maker is set to publish its S-1 prospectus, revealing $16.3 billion in first-half revenue and an $80.7 billion net loss in a potential mega IPO.
Anthropic PBC, the artificial intelligence company behind the Claude chatbot, is preparing to make its IPO filing public on October 26. The filing comes ahead of investor marketing in November as the company seeks a listing that could rival SpaceX's record debut.
The S-1 documents reveal significant financials, including $16.3 billion in revenue during the first half of the year and a net loss of $80.7 billion, highlighting the immense capital costs associated with training frontier AI models.
3 sources
Crypto Briefing
Crypto Briefing
MoneyControl
AI & Technology
Elvis Presley estate sues Anthropic for copyright infringement Rights holders allege Anthropic used lyrics from 274 songs without permission to train Claude, seeking millions in damages.
Rights holders allege Anthropic used lyrics from 274 songs without permission to train Claude, seeking millions in damages.
The latest AI copyright infringement suit centers around a single music artist from decades past. Elvis Presley's estate has filed a lawsuit accusing Anthropic of using lyrics from 274 songs without permission to train its AI models.
The estate is seeking up to $48.6 million across copyright-related claims, alleging that the company essentially stole "virtually every song" from Presley's catalog.
2 sources
IBTimes
MSN
AI & Technology
Mistral warns Europe against quitting frontier AI DeepL CEO warns of 'leftovers' if Europe abandons AI development, urging investment in sovereign models.
DeepL CEO warns of 'leftovers' if Europe abandons AI development, urging investment in sovereign models.
Mistral AI's CEO warns that Europe risks being left behind in the global AI race if it does not invest heavily in frontier AI development. The warning comes as European nations grapple with regulatory frameworks and funding decisions.
Mensch emphasizes that Europe needs its own models to maintain technological sovereignty, cautioning that abandoning the field would leave the continent with only "leftovers" from global AI competition.
1 source
The Next Web
AI & Technology
UK Biobank returns after data breach attempt Charity confirms security improvements after someone tried to sell 500,000 people's health data on Alibaba.
Charity confirms security improvements after someone tried to sell 500,000 people's health data on Alibaba.
The UK Biobank, a vital medical research database, is set to come back online after a security breach attempt where someone tried to sell the data of 500,000 people on Alibaba. The charity has implemented a slew of security improvements while waiting for UK government approval to resume operations.
The incident highlights the growing risks facing large-scale biomedical databases and the potential for sensitive health information to be exploited on dark web marketplaces.
1 source
The Register
AI & Technology
Grok releases AI-generated 'Odyssey' footage xAI's Grok model produces the first seven minutes of a fully AI-generated film, marking a new milestone in synthetic media.
xAI's Grok model produces the first seven minutes of a fully AI-generated film, marking a new milestone in synthetic media.
Grok, the AI model developed by xAI, has released the first seven minutes of its AI-generated "Odyssey" project. The footage represents a significant step forward in the capabilities of AI video generation systems.
While the quality is functional, observers note that the output lacks artistic innovation or human interest, raising questions about the current state of AI-generated cinematic content.
1 source
TechCrunch
ServiceNow & ITSM
Wall Street turns more bullish on ServiceNow ahead of Q3 earnings Bank of America and Guggenheim both raised their ServiceNow price targets this week, days before the company reports October 28.
Bank of America and Guggenheim both raised their ServiceNow price targets this week, days before the company reports October 28.
Bank of America lifted its price target on ServiceNow (NOW) to $180 from $150 and kept a Buy rating five days before Q3 results, while Guggenheim raised its target to $175 from $125 with a Buy rating reaffirmed. Guggenheim's checks with five enterprise partners found one doing better than expected and four in line, supporting Q3 revenue estimates, though some partners flagged buyer frustration with pricing that bundles AI into product packages. Bernstein holds the Street-high target at $266.
The numbers to be judged: Q3 consensus revenue is about $4.09 billion, up roughly 20%, against ServiceNow's guide of subscription revenue of $3,975 million to $3,980 million and a 31% non-GAAP operating margin. That follows a strong Q2, with subscription revenue of $3.877 billion (up 23% in constant currency), 123 net-new deals over $1 million in ACV (up 40% year over year), and an AI business that passed $1 billion in ACV, with management targeting $1.5 billion by the end of 2026.
3 sources
Yahoo Finance
GuruFocus
MarketBeat
ServiceNow & ITSM
ServiceNow stock rebounds as SaaSpocalypse fears fade NOW shares have rallied back to the high $150s, up 76% over the past six months, as analyst optimism returns ahead of earnings.
NOW shares have rallied back to the high $150s, up 76% over the past six months, as analyst optimism returns ahead of earnings.
ServiceNow stock closed at $158.96 on October 23 after a run of price-target increases, extending what market commentary this week describes as fading "SaaSpocalypse" worries in enterprise software. The stock sits 76% higher than a year-ago level in its six-month span per TIKR's key stats, though still below its 52-week high of $193, with the Street-high target at $266.
The rebound sets up the October 28 print as a test of whether AI-driven workflow demand can keep compounding at a valuation that still trades near 100x trailing GAAP earnings.
2 sources
MarketBeat
Yahoo Finance
ServiceNow & ITSM
The $7.75 billion Armis bet faces its first real test ServiceNow's ambition to be the No. 1 enterprise security vendor will be judged in the October 28 earnings.
ServiceNow's ambition to be the No. 1 enterprise security vendor will be judged in the October 28 earnings.
Chairman and CEO Bill McDermott told the Goldman Sachs Communacopia + Technology Conference in September that ServiceNow is "now the eighth largest with an ambition to be #1" in enterprise security, and Wednesday's report is the first earnings release since he said it. The company bought Armis for roughly $7.75 billion in cash, closing April 20, a month after identity-security firm Veza; McDermott says security operations is already over $1 billion, with 7 billion devices under management and "another 40 billion more" coming into its purview over the next few years, aimed at companies that run an average of 47 security tools.
Integration is the risk. Purchased-intangible amortization jumped to $219 million in Q2 from $25 million a year earlier, leaving GAAP operating margin at 4% versus 29.5% non-GAAP, and Q3 guidance is 8% GAAP versus 31% non-GAAP. BNP Paribas analyst Stefan Slowinski estimates security and risk could reach about $1.5 billion in ACV while growing 30% to 40%, a figure ServiceNow has not confirmed, and a disclosed number near that range would put real substance behind the No. 1 pitch.
1 source
Yahoo Finance
ServiceNow & ITSM
Q3 setup: a GAAP-margin test at a premium multiple With NOW trading near 100x trailing GAAP earnings, the October 28 report needs margin progress and AI evidence, not just another revenue beat.
With NOW trading near 100x trailing GAAP earnings, the October 28 report needs margin progress and AI evidence, not just another revenue beat.
ServiceNow reports Q3 2026 results after the close on Wednesday, October 28, with a 5:00 p.m. ET call. Consensus expects revenue of about $4.09 billion, up roughly 20%, and EPS of $1.02; TIKR's tracking has GAAP EPS around $0.35, down about 27%, after Q2 EPS of $0.90 beat consensus by $0.04. Revenue has topped estimates in each of the last five quarters, yet the stock's one-day moves after the last three reports were -9.94%, -17.75%, and -3.69%.
The stock trades at 99.32x trailing GAAP earnings against 35.08x forward normalized earnings on TIKR, and Q3 guides to an 8% GAAP operating margin versus 31% non-GAAP. With Armis expected to weigh on 2026 margins and an AI business targeting $1.5 billion in ACV by year end, investors are looking for a disclosed security growth figure and evidence the margin drag is easing.
2 sources
MarketBeat
Yahoo Finance