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Nvidia Moves to Backstop a Cloud Provider’s $45 Billion Anthropic Project

Nvidia is in talks to provide Nscale, a young AI cloud provider, with billions of dollars in credit guarantees for debt to develop a 460-megawatt data center that Anthropic plans to use, according to people with knowledge of the deal discussions. The deal is not yet signed, and terms could change. But it is another example of how Nvidia has continued to signal its financial support of so-called neoclouds like Nscale, CoreWeave and Firmus, which have faced pressure from investors because of...

Binance Investigates Potential Hack After $2 Billion-Plus in Tokens Left Exchange Wallets

Stablecoin issuers Tether and Circle quickly froze funds in response to the incident.

Coinbase Revenue Fell 35%, Partially Offset by Prediction Market

Coinbase says its prediction market has surpassed $200 million in annualized revenue.

Amazon Web Services Accelerates as Ecommerce Store Slows on Prime Day Change

Free cash flow sank to negative $42.4 billion for the twelve months ending Sept. 30

Polymarket Halts Some Trading After Users Report Hacks

In a message to users in a Discord forum, Polymarket promised to cover losses any customers suffered.

Thrive Holdings to Buy ADT Security for $15.3 Billion in Cash

Apollo Global Management is providing the debt financing for the transaction.

Kalshi Raises $1 Billion at $40 Billion Valuation

Prediction market Kalshi’s valuation jumped from $22 billion in May.

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Nvidia CEO Reportedly Targeted By Suspected Chinese Informant

The New York Times reported that Huang had ties to a woman who American officials believed was passing along information to Beijing.

Microsoft Seeks to Raise $25 Billion in Bond Sale

Microsoft is the latest major cloud provider to raise debt to fund its ongoing data center buildout.

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DoorDash Will Buy Instacart For $17 Billion

The united company will face competition from the likes of Amazon, Uber and Walmart.

ServiceNow Shares Drop 19% After Earnings As SaaSpocalypse Fears Persist

ServiceNow says adoption of its AI products is continuing to grow, but investors seem to remain wary of the potential threat AI could pose to its business.

Shopify Adopts Agentic Payment Tech from Visa, Mastercard

Card networks are pushing for more merchants to adopt their own agentic payment systems.

Marvell in Talks to Buy Lumentum

A deal for Lumentum would rank as one of the largest semiconductor deals.

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Alphabet Sold $12.4 Billion of Shares Through ATM Program

The program is part of a broader $90 billion equity fundraising package announced in June.

Oracle Surges More Than 10% After It Caps Capex and Projects Positive Cash Flow

The company described the 2028 and 2029 fiscal years as “a period of peak capex” before cash flow turns positive.

Google Quarterly Revenue Grows 25% But Falls Short of Expectations

Stock drops in after hours trading despite growth of 103% year-over-year in the company’s cloud revenue
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