Yahoo Finance

Yahoo Finance

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The world’s biggest business news platform: http://finance.yahoo.com.

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DoorDash may be about to buy Instacart. The two are in advanced talks, and a deal could come as soon as this week, the Wall Street Journal reports. It could value Instacart at around $17 billion, up from about $13 billion before the report.

Anthropic's IPO prospectus warns that ever more powerful artificial intelligence poses a risk to humanity, a word that appears 21 times across the 300-page document. The prospectus also says its "potential is extraordinary." Read more: https://yhoo.it/4zUH21Z

Elon Musk says SpaceX just borrowed $40 billion for AI chips, but lenders may not be as generous with everyone else. According to Musk, debt markets have “almost entirely shut off” companies whose revenue comes mostly from AI data centers. Read more: https://yhoo.it/4zUgNcf

BREAKING: Anthropic's public S-1 dropped. 🚨 The company's market debut will test the investors' appetite for a second public listing by a firm with an already massive valuation. SpaceX went public on June 12, opening at $150 per share and ended the day 20% higher. Read more at the link in bio.

SpaceX now launches about 90% of all mass sent into orbit, and the Pentagon is the biggest customer for Starshield, its military satellite network. Experts told Yahoo Finance that Elon Musk’s resources now rival that of most nations. Read more: https://yhoo.it/4BoBcaL

Elon Musk used to be measured by Tesla’s valuation and his net worth. Now his companies are part of global communications, military operations, space access, and AI, giving him a kind of influence few private individuals have ever had. Read more: https://yhoo.it/4BoBcaL

Media mogul John Malone predicts SpaceX could invest up to $10 billion in Skydance, helping David Ellison pay down the company’s debt, according to The Hollywood Reporter. Malone pointed to close ties between Elon Musk and Ellison’s father, Larry Ellison. Read more: https://yhoo.it/3Wpc9Eu

AI had a good run, but tech CEOs have found a shinier word for their earnings calls. 🤩 Super intelligence is in, and SpaceX is leading the rebrand.

Building AI takes a lot of chips, power, and data center space, and Anthropic has locked in years of it ahead of its IPO. The big question for investors is whether revenue can grow fast enough to cover the bill. Read more about the leak: https://yhoo.it/4dQLXso

Elon Musk is still all in on Optimus, but he’s upfront that scale won’t come quickly. Tesla said it has started producing the humanoid robot at its Fremont, California factory, but Musk said the ramp will be bumpy because there are “10,000 things that have to go right.”

Tesla's Q3 earnings figures showed that the EV maker currently has 1.74 millon subscribers to its full self-driving package. 🤯 At $99 per month, the subscription provides driver-assistance that handles steering, braking, lane changes, and city navigation. Read more: https://yhoo.it/4zH2YgZ

Meta beat on the top and bottom lines, and the stock is rising on the news. Meta stock (META) was up after the company reported third quarter revenue of $64.6 billion versus the $63.3 billion expected. Earnings per share came in at $3.83 versus $3.57.

Tesla reported third quarter earnings that were better than expected, with its free cash flow and capex spending coming in ahead of Wall Street estimates. The stock popped in after hours trading on the report. Read more: https://yhoo.it/4srfAGL

Nvidia CEO Jensen Huang says the AI industry needs to focus on safety following this summer's revelations that AI agents from leading labs broke free of containment and hacked into websites, including Hugging Face. Watch Huang's full interview with Deirdre Bosa: https://yhoo.it/4hVsZDs

🚨 Anthropic could make its IPO filing public as soon as Friday, according to three people familiar with the plans. The listing could top SpaceX’s June debut as the biggest IPO ever, making it a big test of how much investors still want AI. Read more: https://yhoo.it/4dQLXso

Nvidia CEO Jensen Huang said Wall Street is starting to see the value of using the company’s hardware as collateral to help pay for new data centers. Essentially, companies could borrow against their AI chips to fund even more AI computing power. Watch the full interview: https://yhoo.it/4hVsZDs

Jensen Huang says we can't afford to take our eyes off of China's AI progress. Following his keynote at Nvidia's AI conference, Jensen Huang sits down with Deirdre Bosa for an exclusive conversation on where his company is headed next. Watch the full interview: https://yhoo.it/4hVsZDs

Apple just made its first foldable phone, and people can’t wait to get one. Preorders for the $1,999 iPhone Duo sold out in minutes, pushing delivery to late January. The resale market’s already moving, with preorders popping up on eBay for as much as $5,000. Read more: https://yhoo.it/3TDwoO0

Tesla’s Roadster can flip itself midair. Reserving one takes $50,000 upfront and a lot of patience. Tesla asks for $5,000 down, then a $45,000 wire within 10 days. Price isn’t confirmed, but it’s expected to top $250,000. His review after the landing: “Well, it worked.”