Meta Q3 Earnings Oct. 21: The Capex, Ads and Cash Numbers to Watch
Meta guided to US$61 billion to US$64 billion in third-quarter revenue and up to US$145 billion in 2026 capex. Its free cash…
Business & Startups
The money side of the tech boom: IPOs, funding rounds, mergers and the financing deals that keep the AI build-out running. We go to the filings, the prospectuses and the term sheets to find the number the press release leaves out.
40 stories
Anthropic’s 5% Pledge Is Worth About US$48B. Here’s the Fine Print
The Anthropic Public Benefit Fund starts with 5% of the company's shares and can grow 2% for every 50% rise in value.…
Bumble Buyout: Ithaca Holdings Pays US$6.05 a Share, a 138% Premium
The US$1.3 billion take-private skips a shareholder vote and makes Ithaca's ex-Meta and Sequoia founders co-CEOs beside Whitney Wolfe Herd. Here are…
Amazon Eyes Decart for US$7B as Nvidia Weighs Buying Reflection AI
The WSJ says Amazon is in talks to pay about US$7 billion for Decart, whose software moves AI work off Nvidia chips.…
Cohere Opens an Ottawa Office as Its AI Agents Head to Navy Ships
Toronto's Cohere announced a third Canadian office in Ottawa on Oct. 8, two days after Thales said Cohere's agentic AI is going…
Arena, the Leaderboard That Ranks AI Models, Is Now Worth US$3.1 Billion
Arena raised US$200 million on Oct. 8, nearly doubling its valuation since January on revenue it sells to the industry it ranks.…
Canada’s Instant-Payment Rail Is Coming. Big Six Banks Might Not Be on It
Payments Canada's Real-Time Rail launches in Q4 2026 with a $100,000 limit and 24/7 settlement. BetaKit's sources say no Big Six bank…
Uber and Pony.ai Robotaxis Head for London Tests. Here’s What’s Approved
Pony.ai says testing of its Gen-7 cars in London starts within weeks, with no fleet size, launch date or operator named. No…
Manus Raises More Than US$500 Million After China Blocked Meta’s Deal
Boyu Capital and IDG Capital co-led the round, Reuters reported, months after Beijing's investment-security office ordered Meta's US$2-billion-plus purchase of the AI…
Microsoft’s H-1B Green Card Freeze Puts Canada’s Promise to the Test
The U.S. Labor Department suspended Microsoft, Adobe and six IT outsourcers from the PERM green card program on Oct. 8, freezing pending…