CNBC · Mon 2 Nov

Monday 2 November

Blackstone’s Gray sees more AI equity fundraising ahead from major tech firms

AI-generated summary Blackstone President Jon Gray announced that major technology companies will need more equity fundraising to keep pace with the growth of the artificial intelligence industry. This shift toward equity funding helps companies maintain their investments without overloading their balance sheets, though it adds new stock supply and potential dilution for existing holders.

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OpenAI appoints Dan Driscoll as Senior Counselor for National Security Modernization

AI-generated summary According to the announcement, Dan Driscoll is said to join OpenAI in the newly created role of Senior Counselor for National Security Modernization. OpenAI says the appointment reflects its commitment to helping democratic institutions use advanced AI responsibly to strengthen shared security.

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Palantir beats Q3 estimates, lifts 2026 revenue outlook to around $8.5 billion

AI-generated summary Palantir releases its third-quarter financial results, beating analyst expectations across every major line and lifting its full-year revenue outlook to around $8.53 billion. Palantir says it expects fourth-quarter revenue of about $2.65 billion while raising full-year adjusted operating income guidance to about $5.25 billion.

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Anthropic posts $567 million Q3 operating loss as growth cools ahead of IPO

AI-generated summary Anthropic made available an amended IPO filing showing a third quarter operating loss of $567 million as revenue growth slowed. Anthropic says the operating loss resulted primarily from $5 billion in computing capacity from short-term commitments and $2 billion in noncash charges.

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Marvell and Lumentum officially plan to combine. Here’s what to know.

AI-generated summary Marvell Technology and Lumentum Holdings announced they plan to combine in a deal intended to target the optical-networking market. Marvell shareholders will own about two thirds of the combined business once the transaction is complete in the first half of 2028.

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Behind the Curtain: OpenAI's post-election power play

AI-generated summary According to reports, OpenAI is planning a policy and public relations blitz following the midterms to rebrand data centers as AI compute campuses. The effort aims to align the company with Washington changes and frame the artificial intelligence debate for 2028 presidential contenders.

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For JPMorgan, Amazon, fighting AI bots like Meta Muse may not be a winning long-term strategy

AI-generated summary Amazon made available its Buy for Me feature as major companies and retailers increasingly block outside artificial intelligence personal agents like Meta Muse. An Amazon spokesperson says that third-party applications making purchases on behalf of customers should operate openly and respect service provider decisions about participation.

(LEAD) Lee vows bold investment in AI, future growth engines to boost growth potential

AI-generated summary President Lee Jae Myung announced a planned bold investment in artificial intelligence and other future growth engines during a speech at the National Assembly. The government submitted the 2027 budget bill proposing 820.9 trillion won in total government spending to support these economic growth potential initiatives.

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