Anthropic files Australian IPO prospectus, opens offering to retail investors

Beating AI News, Bloomberg reported, citing people familiar with the matter, that OpenAI’s third-quarter revenue hit $10 billion for the first time, rising nearly 50% quarter-on-quarter and nearly tripling the year-ago figure, driven mainly by strong demand for its latest AI software. OpenAI disclosed the undisclosed financial data to investors during a conference call on Tuesday local time. OpenAI, which had lagged behind rival Anthropic on some metrics earlier this year, has recently regained growth momentum thanks to more competitive new models, sharp price cuts, and increased investment in AI agents. As OpenAI’s revenue growth shows signs of acceleration, Anthropic’s growth has slowed: its third-quarter revenue was around $17 billion, with a quarter-on-quarter increase of about 47%, lower than its over 140% QoQ growth in the second quarter. The two companies have long adopted different revenue calculation standards. In terms of financing, OpenAI has pushed back its IPO plan to 2027 and is currently advancing a financing round valuing the firm at $1.25 trillion. According to earlier Bloomberg reports, the first phase of this financing round has been completed, raising $11 billion. In contrast, Anthropic plans to go public later this November, targeting a valuation of $1.4 trillion.

The U.S. Commodity Futures Trading Commission (CFTC) has privately notified prediction market platform Kalshi that it may soon bring charges against the firm over new contract reporting issues. Sources familiar with the investigation said the probe has lasted for months, covering dozens of products, with a focus on whether Kalshi properly reported new products to the CFTC as required. Kalshi spokesperson Elisabeth Diana noted the issue involves procedural errors in the submission of a small number of contracts, many of which never went live, and the company has already taken steps to address the matter. Meanwhile, the CFTC is seeking to establish exclusive jurisdiction over prediction markets and is challenging state regulators’ attempts to oversee Kalshi. In another lawsuit involving regulatory authority, Kalshi on Monday filed an amicus brief jointly with Coinbase and four other companies to support the CFTC’s regulatory stance on perpetual futures linked to U.S. individual stocks.

U.S. October CPI rose 0.4% month-on-month, exceeding market expectations of 0.3%. Coupled with hawkish signals from Federal Reserve Governor Waller, this pushed U.S. Treasury yields higher across the board. The 10-year U.S. Treasury yield climbed to 5.012%, while the 2-year yield reached 4.759%. Markets now assign an 86% probability to the Federal Reserve delivering a 25-basis-point rate hike in December, with a 14% chance of a 50-basis-point hike. Waller noted that if inflation runs notably above expectations, the Fed may need to implement larger policy moves. European bond markets were also impacted: Germany’s 10-year Bund yield rose to 3.307%, its highest level since November 3.

According to diplomatic sources cited by The Jerusalem Post, Qatar's Prime Minister Mohammed bin Abdulrahman Al Thani told G7 foreign ministers in Paris that Doha has secured at least two more weeks to continue facilitating an understanding between the U.S. and Iran, aimed at preventing a new U.S. strike on Iran. However, major disagreements remain between the two sides, with key issues unresolved, including the timeline for lifting maritime blockades, nuclear matters, and the unfreezing of Iranian assets. Al Thani emphasized that both the U.S. and Iran need to rebuild mutual trust to return to the negotiating table. Earlier, Al Thani had met with Trump and Vice President Vance at the White House.

Beating AI News Flash: According to the Financial Times, U.S. financial regulators have delayed approving futures contracts tied to AI chip rental prices, derailing exchanges' plans to launch the first computing power futures market. Such contracts allow traders to bet on AI chip rental prices. Per sources familiar with the matter, the U.S. Commodity Futures Trading Commission (CFTC) has extended the review period for these contracts by at least 60 days, pushing related trading activities to at least early 2027. The decision has not been made public. CME Group had previously hoped to launch as early as October GPU futures contracts tied to the rental prices of two NVIDIA (NVDA.O) chips, the H100 and B200. The relevant price index was designed by startup Silicon Data. The delay comes as regulators solicit public input on managing risks in the emerging computing power market. Currently, online trading platforms already offer spot trading of computing power prices, but no public futures market for longer-term contracts exists yet.

According to data from BIT Stock Platform, U.S. stocks closed on Tuesday (November 10), with the Dow Jones Industrial Average down 0.30%, the S&P 500 down 0.38%, and the Nasdaq down 0.74%. Neocloud stocks led the declines, with IREN falling 7.85%, Nebius (NBIS) down 5.27%, Cipher Digital (CIFR) down 4.11%, and Galaxy Digital (GLXY) down 2.76%. Core Scientific (CORZ) bucked the trend, rising 3.22%, and TeraWulf (WULF) gained 1.45%. All storage stocks fell across the board: SK Hynix (SKHY) down 3.51%, SanDisk (SNDK) down 2.99%, Micron Technology (MU) down 1.10%, Seagate Technology (STX) down 0.89%, and Western Digital (WDC) down 0.20%. Most optical communication concept stocks declined: Applied Optoelectronics (AAOI) down 7.26%, Coherent (COHR) down 4.64%, Corning (GLW) down 3.27%, Credo (CRDO) down 2.33%, and Lumentum (LITE) down 1.78%; Broadcom (AVGO) rose 3.91% and Ciena (CIEN) gained 0.98%. Semiconductor stocks were mixed: NVIDIA (NVDA) down 5.53%, Arm (ARM) down 2.58%, Intel (INTC) down 2.09%; Broadcom (AVGO) up 3.91%, TSMC (TSM) up 2.05%, and AMD up 1.30%.