Cold snap
Supermarket freezers get hacked again, Google dismantles a TV-box botnet, and Anthropic's IPO filing shows $17 billion in quarterly revenue.
The 10
Ranked by how many sources covered it-
Apple posts record iPhone revenue of $57.58 billion, up 17 percent from a year ago, in John Ternus's first earnings report as CEO. Profit grew 12 percent, though Apple warned that memory chip costs are rising and the stock fell on disappointing guidance.
Why it matters Rising memory costs and soft guidance suggest component prices may weigh on Apple's margins and device pricing going forward.
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Anthropic's quarterly revenue hits $17 billion in a revised S-1, twelve times the same quarter a year ago. Net loss for the period totaled $23 billion, and the filing lists purchase commitments of $895.4 billion ahead of the IPO.
Why it matters The filing gives public investors a first look at how much compute spending sits behind one of AI's fastest revenue ramps.
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Marvell buys Lumentum for $115 billion in an all-stock deal, one of the largest in tech history. Lumentum holders get 4.5 Marvell shares per share, and closing is expected in the first half of 2028 in a bet on optical networking for AI data centers.(paywalled)
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Markets · Mon, Nov 2 U.S. stocks finished mixed, with the Dow Jones Industrial Average up 0.60%, while the Nasdaq 100 and S&P 500 were flagged as breaking technical support, so the day's gains were uneven.
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**Anthropic's internal AI bill** at retail token prices now exceeds what the company pays its employees, a comparison that puts its own usage in focus. / businessinsider.com(paywalled)