Updated May 26
Nov 12, 2026
OpenAI Q3 Revenue Tops $10 Billion, But Losses Hit $10.9 Billion
OpenAI crossed $10 billion in quarterly revenue for the first time, up 50% from Q2, but its operating loss hit $10.9 billion. The loss-per-dollar figure fell to $1.09, even as rival Anthropic posted $17 billion in revenue with a fraction of the losses.
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Nov 12, 2026
TSMC Invests $1 Billion in Anthropic and OpenAI
The world's largest chipmaker is taking direct equity stakes in the two biggest AI developers. TSMC's board approved up to $500 million each for Anthropic's IPO shares and OpenAI preferred stock — a signal that the semiconductor giant sees long-term AI demand as durable, even as markets question AI spending.
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Nov 11, 2026
Anthropic IPO Targets $1.4 Trillion Valuation, $64 Billion Raise
Anthropic set a $70 to $78 share price range for its IPO, valuing the Claude maker at roughly $1.4 trillion on a fully diluted basis. The offering could raise up to $64 billion, with Amazon and Google holding the biggest paper gains. Trading is expected to start November 19 under the ticker ANT.
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Nov 12, 2026
Qualcomm Begins Layoffs in India, Cutting Over 1,000 Jobs
Qualcomm has started cutting jobs in India as part of a global restructuring, with more than 1,000 roles at risk across Bengaluru, Hyderabad, and other cities. The chipmaker's revenue fell 3% to $43.1 billion in fiscal 2026, with smartphone chip sales down 25%.
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Nov 10, 2026
Axonius Cuts 22% of Israeli Devs in AI-Driven Restructuring
Cybersecurity unicorn Axonius is cutting 66 jobs, including 22% of its Israeli developers, as it reshapes engineering around what its CEO calls a new AI-driven way of working. It is a concrete signal of how AI is starting to replace developer headcount.
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Jun 16, 2026
Xbox Game Studios Chief Steps Down as Layoffs Loom and Compulsion Games Shuts Down
Xbox Game Studios head Craig Duncan is stepping down just 20 months into the role, alongside chief of staff Louise O'Connor, as Microsoft's gaming division prepares another round of mass layoffs. Compulsion Games, the studio behind 2025 critical hit South of Midnight, is also being shut down.
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