AI News for November 3, 2026 — 7min.ai

[NEWS] Anthropic's Q3 revenue hits $17B, but compute costs push it to a $567M operating loss: Anthropic's amended S-1 shows Q3 revenue of about $17B, up from $11.6B in Q2 and $1.4B a year earlier.
[NEWS] Marvell's $115B Lumentum deal sends both stocks sliding 13% and 18%: The all-stock deal values Lumentum at an enterprise value of $115B, one of the biggest tech tie-ups ever.
[NEWS] Anthropic's S-1 warns it may soon hit recursive self-improvement: Anthropic added new risk factors to its amended S-1 saying it has already used AI to develop models whose leaps in capability it didn't recognize at the time, and that it may soon meet its own internal definition of recursive self-improvement (RSI).
[NEWS] New York Times sues Brave for scraping content and selling it to AI firms: The New York Times sued Brave, alleging the browser maker scraped its copyrighted content and sold access to it through the Brave Index to AI companies including Anthropic, Perplexity, Mistral, xAI and Cohere.
[NEWS] Musk cuts Grok Bot limits, citing 'unsustainably high' costs: SpaceX throttled Grok Bot usage over Halloween weekend, with some users seeing weekly quotas jump from 50% to 100% used or cut in half.
[NEWS] Apple says Siri AI costs and memory prices will squeeze holiday margins: Apple posted Q4 revenue of $114.5B, up 12% YoY, in its first report under a new CEO, with iPhone up 17% to $57.6B.
[NEWS] China drafts its first export controls on frontier AI model weights: China's Ministry of Commerce and Ministry of Science and Technology issued Announcement No.
[NEWS] China plans broad AI safety standards to guard against loss of control: China plans to roll out a broad set of AI safety standards covering everything from development through deployment.
[NEWS] Nvidia tells cloud clients to scale back exposure to Chinese companies: Nvidia has instructed its cloud computing customers to reduce their exposure to Chinese companies, the Financial Times reported.
[NEWS] Oracle launches $20B stock and bond sale to fund AI buildout: Oracle filed to sell $20B in new stock and bonds to finance its AI infrastructure spending.

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