OpenAI Can't Hit Its Target
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OpenAI Can't Hit Its Target

C1AdvancedNovember 2, 202621 min
  • Business & money

OpenAI cut its funding round to about $20B at a $1.25T valuation as the AI selloff spooked investors. Anthropic’s S-1 showed nearly $17B in quarterly revenue, Marvell agreed to buy Lumentum for $115B, and Claude Code got game-cloning limits. Sources: OpenAI now seeks ~$20B at a $1.25T valuation for its latest round, from $30B at a $1.4T valuation, as some investors cut commitments amid an AI selloff (Financial Times) Anthropic’s updated S-1 shows Q3 revenue of nearly $17B, up from $1.4B a year ago, and a $23.3B net loss, as it plans to spend more than $895B in...

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Today, OpenAI cut its funding round to about $20 billion at a $1.25 trillion valuation as the

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Marvel agreed to buy Lamentum for $115 billion. And ClodCode got game cloning limits.

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0:00

Welcome to the Tech Review, right home from Monday, November 2nd, 2026. I'm Brian McCullough. Today, OpenAI cut its funding round to about $20 billion at a $1.25 trillion valuation as the AI sell-off spooked investors. Anthropic's S1 showed nearly $17 billion in quarterly revenue. Marvel agreed to buy Lamentum for $115 billion. And ClodCode got game cloning limits.

0:27

Here's what you miss today in the world of tech. You know what they say about assumptions. They're usually wrong, especially when it comes to cybersecurity. That's because AI is changing the way your business runs,

0:45

which puts your security at risk. Rubrik can help you scale AI without compromising on security. Rubrik built one platform to secure data, identities, and AI. They call it agentic cyber resilience, and it was created to keep your organization moving

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