AI News Digest

Chip Maker Marvell Agrees to Buy Lumentum in $80 Billion Deal - WSJ

Marvell Technology has agreed to acquire optical-components maker Lumentum in an all-stock transaction aimed at strengthening its position in AI data-center connectivity. Most reports put the deal at $115 billion, although the Wall Street Journal cited an $80 billion figure, and both companies’ shares fell after the announcement. Read more: Chip Maker Marvell Agrees to Buy Lumentum in $80 Billion Deal - WSJ

Anthropic's Third-Quarter Revenue Hits $17B Ahead Of IPO - Forbes Middle East

Anthropic reported $17 billion in quarterly revenue ahead of a potential IPO, while its latest filing showed that losses continue. The disclosure also highlights major spending commitments associated with AI infrastructure. Read more: Anthropic's Third-Quarter Revenue Hits $17B Ahead Of IPO - Forbes Middle East

Oracle files to sell $20 billion in new stock, bonds to finance AI buildout - CNBC

Oracle is seeking to raise $20 billion through new stock and bond sales to finance the expansion of its AI infrastructure. The plan highlights the scale of capital required to support Oracle’s broader AI ambitions. Read more: Oracle files to sell $20 billion in new stock, bonds to finance AI buildout - CNBC

Here’s who is falling in line for Trump’s “Super Intelligence” loyalty test

A September executive order directed U.S. government agencies to relabel artificial intelligence as “Super Intelligence.” The move introduces language that MIT Technology Review says is being used as a loyalty test, though the article excerpt provides limited detail about who has responded or how the directive is being enforced. Read more: Here’s who is falling in line for Trump’s “Super Intelligence” loyalty test

Brookfield targets $27 billion AI data center at power station. Energy firm Drax surges 8% - CNBC

Brookfield is reportedly considering a $27 billion AI data center at a Drax power station in Yorkshire. Shares in the energy firm rose 8% following the report. Read more: Brookfield targets $27 billion AI data center at power station. Energy firm Drax surges 8% - CNBC

After $500 billion was wiped off its market value, Google seeks $6.7 billion through bond sale as AI spen - The Times of India

Google is seeking to raise $6.7 billion through a bond sale following a reported $500 billion decline in its market value. The financing comes as investors remain concerned about the company’s AI-related spending. Read more: After $500 billion was wiped off its market value, Google seeks $6.7 billion through bond sale as AI spen - The Times of India