Anthropic told investors its third-quarter revenue reached $16.8 billion as the artificial intelligence company prepares for a highly anticipated initial public offering reportedly planned for November, according to sources. The figure represents a sharp increase from $11.6 billion in the second quarter and $4.7 billion in the first quarter, highlighting the rapid expansion of demand […] The post Anthropic Reports $16.8 Billion in Third-Quarter Revenue as November IPO Approaches appeared first on Tekedia.

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iPhone Duo preorders open today. A cracked inner screen costs $999 to fix Apple lists a $999 fee to fix the iPhone Duo inner screen without AppleCare+. Here are all the repair costs and the math on whether the plan pays. TechCity

Forex traders across Africa have more choices than ever before. From Nigeria and Kenya to South Africa and Ghana, international brokers are competing for clients with tighter spreads, faster execution and increasingly accessible trading platforms. But choosing a broker based on advertised spreads alone can be expensive. Two brokers might both advertise spreads starting from […] The post 5 Ways African Forex Traders Can Cut Costs in 2027 appeared first on Tekedia.

The growing debate over artificial intelligence and child safety has entered a new phase, as eight U.S. states are suing OpenAI over concerns that ChatGPT could harm children and teenagers. The legal action highlights increasing pressure on AI developers legal action highlights increasing pressure on AI developers to take greater responsibility for how their technologies […] The post OpenAI Faces Pressure to Strengthen ChatGPT Privacy Protections appeared first on Tekedia.

The arrest of a former OpenAI engineer accused of secretly installing a listening device inside the company’s San Francisco offices has raised serious questions about corporate security, artificial intelligence and the protection of sensitive technological information. The case involves Abdulrahman Alfozan, a 35-year-old Saudi national who allegedly attempted to record confidential conversations in an executive […] The post Former OpenAI Employee Faces Up to Five Years in Prison Over Alleged Bugging appeared first on Tekedia.

Anthropic is expanding independent scrutiny of its artificial intelligence systems by bringing nonprofit evaluators into its operations, giving selected researchers access to internal tools, infrastructure, and risk-assessment processes as concerns grow over AI developers’ capability to adequately monitor more capable models. The company announced Thursday that it is working with Model Evaluation and Threat Research […] The post Anthropic Gives Independent AI Safety Evaluators METR and SecureBio Access To Evaluate Its Systems’ Risks And Safety Practices appeared first on Tekedia.

Bitcoin’s Fear & Greed Index has dropped to 53, entering neutral territory after reaching a 2026 high of 73 just ten days earlier. The shift marks a clear cooling in investor sentiment following a period of elevated optimism. The index, which tracks crypto market emotion on a scale from 0 (extreme fear) to 100 (extreme […] The post Bitcoin Fear & Greed Index Falls to 53 as Market Sentiment Cools appeared first on Tekedia.

Russia’s oil and gas tax revenue is expected to rise 10% year on year to approximately 1 trillion rubles ($11.97 billion) in October, as higher global oil prices and quarterly tax payments provide a temporary boost to government income despite declining production and a broader annual shortfall. The projected increase offers some relief for the […] The post Russia’s Oil and Gas Tax Revenue Set to Rebound 10% in October Despite Annual Decline appeared first on Tekedia.

Shares of IDBI Bank fell more than 7% on Thursday after the Indian government announced an agreement to sell a 60.7% stake in the state-owned lender to Canada’s Fairfax Financial Holdings for more than 529 billion rupees ($5.5 billion), marking a major step in its efforts to reduce public ownership of the banking sector. The […] The post IDBI Bank Shares Fall 7% as India Agrees to $5.5 Billion Fairfax Stake Sale appeared first on Tekedia.

Britain’s economy expanded faster than expected in August, supported by a surge in manufacturing and continued growth in computer programming, adding to evidence that artificial intelligence investment is becoming an increasingly important contributor to economic activity ahead of Finance Minister John Healey’s budget. Gross domestic product rose 0.1% month on month, according to figures released […] The post UK Economy Beats Forecasts as AI Boom Drives Programming Growth Ahead of Budget appeared first on Tekedia.

CoreWeave CEO Mike Intrator has pushed back against growing market concerns over the financial position of the artificial intelligence cloud-computing provider, saying that investors are allowing difficulties across the wider AI financing market to distort their assessment of the company. CoreWeave shares closed down approximately 15% on Wednesday, as concerns over debt financing and the […] The post CoreWeave CEO Defends Debt Position as Shares Plunge 15% and Bonds Signal Investor Concern appeared first on Tekedia.

Responsible gaming is often discussed as a policy, something a company declares and then points to when asked. Players, however, never meet a policy. They meet a product. What they see on the screen, how easy it is to find a setting and how clearly the product behaves in the moment matter far more than […] The post Responsibility Inside the Product: How Soft2Bet Builds Player Protection Into Everyday Experience appeared first on Tekedia.

Taiwan Semiconductor Manufacturing Co. (TSMC) reported a record third-quarter profit that exceeded analyst expectations, extending its run of quarterly earnings records as demand for artificial intelligence chips strengthens its pricing power and drives plans for substantially higher capital spending. The world’s largest contract chipmaker posted net income of NT$763.1 billion ($23.8 billion) for the quarter, […] The post TSMC Posts Record $25 Billion Quarterly Profit as AI Chip Demand Drives Margins Higher appeared first on Tekedia.

France can reduce its budget deficit to 3% of gross domestic product by 2029 despite political uncertainty and rising debt-servicing costs, Banque de France Governor Emmanuel Moulin has said, as investors remain concerned about the government’s ability to deliver a credible fiscal consolidation plan. Moulin said France was making efforts to restore order to its […] The post France Can Cut Budget Deficit to 3% of GDP by 2029 Despite Political Turmoil, Central Bank Chief Says appeared first on Tekedia.

The US stock market suffered a sharp sell-off as the S&P 500 fell 1.22% to 7,710.43, marking its biggest decline in more than two months. The downturn wiped approximately $660 billion from the value of US stocks. Highlighting growing investor concerns about inflation, interest rates, corporate earnings, and the sustainability of the market rally. The […] The post S&P 500 Falls 1.22% as US Stocks Lose $660 Billion in Market Value appeared first on Tekedia.

Elon Musk has pledged that SpaceX will reimburse users if Grok’s artificial intelligence agent makes a financial mistake while completing purchases or exposes their payment card information, offering a potential alternative to terms that generally leave users responsible for transactions carried out by AI agents. Musk made the commitment in a Thursday post on X […] The post Musk Promises To Reimburse Users If Grok AI Agent Makes Costly Errors While Completing Purchases appeared first on Tekedia.

South Korea’s SK Hynix is seeking approval from the Trump administration to export additional US-made semiconductor manufacturing equipment to China, linking its plans to expand production there with a proposed NAND flash memory factory in the United States, Reuters reports, citing two people familiar with the matter. The request highlights a growing tension in Washington’s […] The post SK Hynix Seeks US Approval to Expand China Chip Production as It Plans NAND Factory in America appeared first on Tekedia.

Norway’s $2.3 trillion sovereign wealth fund could resume investing in major Western defense companies involved in nuclear weapons production under proposed changes to its ethical investment rules, marking a potential shift in how the country balances responsible investing with its security interests and financial returns. A government-appointed commission recommended on Thursday that the fund introduce […] The post Norway’s $2.3tn Wealth Fund Could Reopen Investments in Western Defense Giants Under Proposed Ethics Reforms appeared first on Tekedia.

Financial markets are increasingly betting that the Federal Reserve will leave interest rates unchanged at its October 28 Federal Open Market Committee (FOMC) meeting. Fed funds futures indicate a 66% probability of no rate hike, suggesting investors expect policymakers to maintain their current stance as they assess inflation, economic growth, and financial market conditions. The […] The post Fed Funds Futures Put 66% Odds on No Rate Hike at the October 28 FOMC Meeting appeared first on Tekedia.

The technology sector is witnessing a striking divergence as artificial intelligence company Anthropic reportedly turns profitable in the third quarter, with revenue approaching $17 billion, while Apple reaches an extraordinary $5 trillion market capitalization despite weakness across the broader technology market. The rapid commercialization of artificial intelligence and the enduring strength of established technology giants. […] The post Anthropic Turns Profitable as Apple Reaches $5 Trillion Valuation Amid Tech Market Weakness appeared first on Tekedia.

The intersection of Bitcoin investment and traditional asset management continues to reshape financial markets, as Strive raises $500 million through new SATS preferred shares to expand its Bitcoin holdings while BlackRock reports stronger-than-expected third-quarter financial results. The developments highlight different approaches to capital allocation: corporate Bitcoin accumulation and the expansion of conventional investment management supported […] The post Stripe Raises $500 Million to Buy More Bitcoin as BlackRock Reports $205 Billion in Quarterly Inflows appeared first on Tekedia.

India has deployed an estimated $75 billion to $80 billion from the foreign-currency resources mobilized earlier this year to strengthen its external buffers, as the Reserve Bank of India (RBI) intensifies efforts to stabilize the rupee against persistent pressure from elevated oil prices, rising US Treasury yields and foreign investor outflows. The estimated intervention represents […] The post India Has Spent Up to $80bn Defending Rupee as Foreign Reserves Come Under Pressure appeared first on Tekedia.

The cryptocurrency industry is witnessing two significant developments as the White House explores ways for the United States to accumulate more Bitcoin, while Polygon Labs completes its acquisition of Coinme, strengthening its position in the American payments market. These developments highlight two important trends shaping the digital asset sector: growing government interest in Bitcoin as […] The post US Explores Accumulating More Bitcoin as Polygon Labs Expands Payments Reach Across 48 States appeared first on Tekedia.

Ethereum is facing renewed attention from the cryptocurrency market as large holders move substantial amounts of ETH toward exchanges and complete profitable sales. Recent transactions involving POAP founder Patricio Worthalter and an over-the-counter whale identified as 0x8c58 highlight how major investors are managing their positions amid changing market conditions. Their actions raise questions about investor […] The post Big ETH Holders Head for the Exit as Whales Realize Millions in Profits appeared first on Tekedia.

China has signaled that it will continue approving rare earth exports to Europe regardless of whether its trade truce with the United States is extended beyond January, offering some reassurance to European manufacturers amid persistent uncertainty over access to materials essential to advanced technology, electric vehicles and defense production. He Yadong, a spokesperson for China’s […] The post China Signals Continued Rare Earth Supplies to Europe Despite Uncertainty Over US Trade Truce appeared first on Tekedia.