Anthropic posts $17B quarterly revenue and a $23.3B net loss ahead of a Nasdaq IPO targeting $86B.
Sam Altman signs Abu Dhabi deals, including Adnoc adopting OpenAI's Frontier agent platform, while raising capital.
Germany warns the next 18 months decide its AI standing, as ifo calls its tech sector the EU's most foreign-dependent.
Anthropic heads to Nasdaq at $1.5tn valuation
Funding and deals
Anthropic. Nasdaq listing to raise at least $86bn at up to $1.5tn valuation, after Q3 revenue of $17bn and a $23.3bn net loss.
OpenAI. An Emirati consortium is set to lead its next round, alongside Abu Dhabi contracts including Adnoc's multi-year use of the Frontier agent platform.
Hypersonica. German-British defence startup building hypersonic strike systems raised €100m led by Lightspeed and General Catalyst at a €700m valuation.
Conleo. Berlin startup automating freight invoicing raised €6.4m seed led by Peaton Capital, as carriers wait over 60 days to be paid.
Gallium Defense. Paris startup building low-cost drone-defence radars raised €7.1m seed led by Kean Venture Partners and 360 Capital.
Marble Cognition. Munich startup building AI agents that watch and automate on-screen workflows raised €3.35m pre-seed to launch in the US.
Guest interviews
Claudio Conlio, Founder and CEO of Conleo. Freight carriers wait more than 60 days on average to be paid, he says, and Conleo uses AI to read freight documents and automate invoicing for forwarders.
News
Berlin warns Germany's AI window is closing. At the Digitalgipfel in Berlin the government said the next 18 months decide whether Germany keeps pace in AI. The ifo institute adds that no other EU tech sector depends so much on foreign suppliers.
OpenAI signs Abu Dhabi customer deals. Adnoc will use the Frontier agent platform for years, and Abu Dhabi's government and the Mubadala fund are adopting the models. Altman says energy is the biggest constraint.
Mistral chief warns Europe could be cut off. Arthur Mensch says Europe could lose access to US and Chinese frontier models if AI falls under export controls as a weapon, and calls for European reasoning models.
Autonomous driving pitches surge past boom years. Trucks VC has seen pitches from 81 new autonomous driving startups in 2026, two thirds more than last year and more than in 2016 and 2017. Many founders want to take on Waymo with robotaxis.
US midterms turn data centres into an issue. About 20 municipalities vote on construction moratoriums. OpenAI plans a post-election lobbying push and wants data centres rebranded as Compute Campuses.
FINN founder hands over the CEO role. Maximilian Wühr passes the lead to Patrick Oliver Schmidt, who will open new European markets. Recurring revenue doubled past €300m and FINN became a unicorn in June.
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On this episode 3
Show 1
move2pay tops App Store after TV pitch. The Vorarlberg app, which rewards steps with shopping credit, spent seven days above ChatGPT in the App Store charts and grew from 70,000 to 330,000 users after Die Höhle der Löwen. Its deal with Frank Thelen collapsed.