Business Insider · Mon 2 Nov

Monday 2 November

‘A major risk to the global economy’: BofA warns about the risky AI boom the day before a midterm vote framed around data-center backlash

Voters cast ballots at a polling station in Anchorage, Alaska

AI-generated summary BofA Global Research economists warned that a sustained correction in the AI trade is available as a major risk to the global economy. Voters will decide 41 local data-center ballot measures on Tuesday while spending on data-center construction reached $84.95 billion in August.

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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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Corporate America's AI bills are piling up. This startup raised $30 million to help.

AI-generated summary San Francisco-based startup Larridin has made available a measurement platform utilizing thirty million dollars in Series A funding to track enterprise artificial intelligence spending and employee productivity. The software integrates with internal corporate systems to analyze artificial intelligence interactions, protect employee privacy, generate high-level insights, and determine return on investment for businesses.

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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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Anthropic's internal AI use is now worth more than employee pay, at the prices it charges customers

AI-generated summary Anthropic released details in its IPO filing showing that the value of Claude AI used internally at retail prices is now available and exceeds its monthly employee compensation costs. The company states that more than ninety percent of the code added to its software in September was written by Claude.

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