Anthropic's IPO filing puts numbers on the compute bill
Anthropic filed its first amended S-1 on November 2, adding third-quarter results to the prospectus it published last week. The company reported $17.0 billion in revenue for the quarter and $33.24 billion for the nine months to September 30, roughly 1,200% higher than a year earlier. The bigger number is the obligation: about $895.4 billion in purchase commitments and leases, which Anthropic says is substantially all compute and infrastructure. The reported nine-month net loss of $104 billion is mostly a fair-value change on convertible notes and derivatives rather than operating spend. For anyone weighing the planned Nasdaq listing under the ticker ANT, the filing shows a business growing faster than almost anything public, tied to infrastructure commitments that dwarf its revenue. Read the amended S-1 · CNBC's breakdown
What else matters
Marvell agrees to buy Lumentum for $115 billion
Marvell will acquire laser and optical transceiver maker Lumentum in an all-stock deal at 4.5 Marvell shares per Lumentum share, an implied enterprise value of $115 billion. The pitch is one supplier for AI data centre connectivity, from custom silicon to optical circuit switches. Closing is expected in the first half of 2028, pending shareholder and regulatory approval. Marvell's announcement
OpenAI shows GPT-6 Astra designing a physical device
OpenAI says two staff used Astra to design a small hardware device, covering enclosure, circuit board, firmware and UI, with no direct human edits, and had prototypes built within a month. It is candid that the model missed manufacturing tolerances and assembly details. Token use across its hardware teams has grown 23-fold since February. OpenAI's post
Flower Labs ships Endeavor 1.1 with EU inference
Flower's Endeavor 1.1 is pitched as a frontier model you can run on its cloud, a private cloud or on premises, now with image input and GPUs located in the EU. Customers keep its readable reasoning traces and outputs and can train their own models on them, a direct appeal to European firms wary of US-hosted inference. Flower's announcement
