AI Infrastructure

The artificial intelligence buildout met its clearest political test yet on Tuesday, and voters were not persuaded. In 41 local ballot measures across 10 states on November 3, voters backed restrictions on data centers or rejected proposals that would have helped them get built in 40 cases, according to an analysis by Ballotpedia and results compiled by CNBC. The results, still unofficial, covered bans, moratoriums, zoning changes and requirements for public votes on large projects.

Anthropic filled in the blanks in its IPO paperwork on Monday, and the new numbers show a company growing at a pace few businesses ever reach — and spending almost as fast to keep up. In an amended Form S-1 filed with the Securities and Exchange Commission on November 2, the Claude maker reported revenue of 17 billion dollars for the three months ended September 30, up 1,127 percent from a year earlier. For the first nine months of 2026, revenue reached 33.24 billion dollars.

Marvell Technology announced on Monday that it will buy optical components maker Lumentum in an all-stock deal with an enterprise value of 115 billion dollars, including debt. It is one of the biggest technology deals of 2026, and among the boldest bets yet that the artificial intelligence spending boom will last for years — not on faster chips alone, but on the light-based connections that move data between them.

OpenAI is preparing a coordinated policy and public relations push to begin immediately after Tuesday's midterm elections, Axios reported on Sunday, in an effort to shape the next Congress and frame the debate heading into the 2028 presidential race.

Saudi Arabia has put its national artificial intelligence company under two of the most powerful owners in the kingdom. The Public Investment Fund (PIF) and Aramco announced on November 1 that they have closed a transaction in which Aramco, through a wholly owned subsidiary, acquires a 49 percent stake in HUMAIN, while PIF retains the remaining 51 percent.

October is ending as the month the AI trade finally met its skeptics. Reuters reported on Friday that more than 2 trillion dollars in market value is set to be wiped from the tech-heavy Nasdaq 100 this month, a loss slightly larger than the entire market value of SpaceX. The index has fallen more than 5.8 percent so far in October, as a week of big tech earnings intensified investor scrutiny of whether the billions being poured into artificial intelligence can generate returns quickly enough.

Foxconn, the world's biggest contract electronics manufacturer, said on Friday that a new collaboration with OpenAI is in the works, even as it pushed back against growing talk of an AI bubble.

Chairman Young Liu told reporters at the company's annual technology showcase in Taipei that he had met OpenAI Chief Executive Sam Altman earlier in the day, and that there would be an announcement once details were confirmed. Liu did not elaborate on what the collaboration would cover, and no terms were disclosed.

Amazon's cloud business is accelerating again, and it is spending as if that acceleration is only the start. The company reported third-quarter results on Thursday that showed Amazon Web Services growing faster than it has in nearly five years, a record operating margin for the company as a whole, and a cash outflow large enough to send the shares down anyway.

Alphabet reported third-quarter results on Wednesday, October 28, that captured both sides of the artificial intelligence boom. Revenue rose 25 percent to 127.577 billion dollars for the quarter ended September 30, up from 102.346 billion dollars a year earlier, a 13th consecutive quarter of double-digit growth. Yet the Google parent missed expectations on revenue, earnings and operating income, and shares fell more than 8 percent after hours.

SK hynix has posted the strongest quarter in its history, becoming the latest memory maker to show just how much of the artificial intelligence boom runs through a handful of chip factories. The South Korean company reported third-quarter revenue of 104.6155 trillion won, crossing 100 trillion won in a single quarter for the first time, with operating profit of 83.3338 trillion won and an operating margin of about 80 percent. Net profit came to 39.7756 trillion won.