IJR News

OpenAI revenue run rate nears $50 billion, below prior estimatesTech — 3hOpenAI has told investors its annualized revenue was approaching $50 billion at the end of September, about $20 billion below reports of nearly $70 billion. The gap reflects differing accounting methods for revenue sold through cloud partners, rather than evidence of a sudden business slowdown; the company is still growing quickly but remains unprofitable.

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Anduril Plans $3.7B Maryland Submarine Shipyard — 2dAnduril will invest $3.7 billion in a Sparrows Point, Md., shipyard for Virginia-class sub parts and won a Navy contract worth up to $2.9 billion; operations expected in 2030.

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Manus Raises $500M After China Blocks Meta Deal — 14hManus raised more than $500 million in its first funding round since Chinese regulators blocked Meta’s planned $2 billion acquisition, with Boyu Capital and IDG Capital leading the investment and existing backers also participating. The company did not disclose its valuation, though reports put it near $4 billion, as it resumes operating independently and develops AI-agent products.

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Debt Bombs Are Ticking On America’s Farms1 source — 1hAmerican farmers are drowning in record debt, and federal officials fear billions more in borrowing could be slipping under the government's radar.

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AirTrunk plans A$43 billion Japan data-centre expansion amid AI surge — 1dAirTrunk plans to invest up to A$43 billion (about US$30 billion) in Japan over five years, more than doubling its data-center capacity to over 1 gigawatt as demand for AI and cloud computing grows. An additional US$1 billion investment at its Inzai campus will support liquid cooling and high-density AI workloads.

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Most Influential Women in World HistoryYourlist — RankingFrom ancient queens who ruled empires to modern activists who changed laws, these women left indelible marks on politics, science, and culture. Vote for who you think shaped history most profoundly.

SpaceX Seeks $40 Billion for Nvidia Chips — 1dSpaceX seeks $40 billion in loans and investment-grade debt, led by Apollo, to buy Nvidia chips; shares fell after hours on the report.

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PepsiCo India Posts Broad Growth as Firm Lowers Full-Year ForecastBusiness — 10hPepsiCo cut full-year core constant-currency EPS growth to 1%-2% from a 4%-6% low end after Q3 net revenue rose 5.6% to $25.27 billion, with India leading international volume gains.

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AI Medical Scribes Draw $1 Billion, Adoption LagsHealth — 2dAmbient AI medical scribes drew at least $1 billion in 2025 as Abridge reached a $5.3 billion valuation, while AMA survey data show adoption still lags clinician enthusiasm.

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Apollo reportedly submits nonbinding bid for Uniper — 1dApollo submitted a non-binding bid for Uniper, the German utility Berlin rescued with €13.5 billion in 2022, in a deal that could value it at about €10 billion.

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GlobalFoundries to Ramp U.S. Interposer Output for TSMC in 2028 — 7hGlobalFoundries reaches a $2 billion, five-year TSMC deal to make silicon interposers in New York, with volume production set to ramp in the first half of 2028.

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TSMC Posts Record Q3 Revenue, Beats ForecastsTech — 17hTSMC posted record Q3 revenue of about NT$1.49 trillion ($46.7 billion), up roughly 50% and ahead of analyst estimates and its own guidance.

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New York Pizza vs Chicago Deep DishYourlist — VS BattleThe foldable slice versus the fork-and-knife casserole — America's longest-running food fight.

Fast Retailing Posts Record Profit, Up 32% — 14hUniqlo parent Fast Retailing posted a fifth straight record as operating profit jumped 32% to 743.1 billion yen; overseas Uniqlo business profit surged 44%.

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Energy Transfer to Acquire Vaquero Midstream for $2.6 Billion — 2dEnergy Transfer agreed to acquire Vaquero Midstream for about $2.625 billion in cash and stock, adding Delaware Basin pipelines and gas processing capacity.

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Trump, Anduril Make $6.6 Billion Bet To Fix America’s Submarine Production Crisis — 1dDefense technology company Anduril is betting billions of dollars that a massive new Maryland shipyard can help break one of the Navy’s most persistent submarine-production bottlenecks.

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US Wholesale Inventories Rise 0.5% but Miss Revised EstimateBusiness — 6hU.S. wholesale inventories rose 0.5% in August to $964.2 billion, below the initially estimated 0.7% increase, while wholesale sales climbed 1.8%. Inventories were up 6.4% from a year earlier, and the inventory-to-sales ratio was 1.18.

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Can you actually read a map?Quizie — QuizFifteen world-geography questions. Most people miss at least three — the AI grades you and names your traveler rank.

DeepSeek Reportedly Nears $12 Billion in Tencent-Backed Funding Round — 2dDeepSeek is nearing a funding round of at least 80 billion yuan—well above its original target—with Tencent and CATL among the major investors; the total could approach 100 billion yuan. The financing is expected to support the AI company’s growth ahead of a planned 2027 IPO.

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Dana Whitfield This funding round at nearly 100 billion yuan feels like a bet on DeepSeek's long-term edge. Still, hitting those IPO targets will depend on actual model performance, not just capital.

Vinci Raises $250 Million at $1.5B ValuationBusiness — 2dVinci4D closed a $250 million Series B at a $1.5 billion valuation for AI physics simulation it says can run analyses up to 15 billion degrees of freedom in minutes.

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Moonshot Eyes Hong Kong IPO at $50B Valuation — 2dMoonshot AI’s annual recurring revenue climbed from $300 million in June to about $1 billion as it eyes a Hong Kong IPO after a $50 billion valuation.

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Sam Okafor Moonshot's $50B valuation looks risky with China's AI rules tightening, might be better to wait for clearer signals.

Revolut Becomes Europe’s $115 Billion Startup — 4dRevolut hit a $115 billion private valuation, above Barclays and Société Générale, with £1.7 billion pretax profit and 80 million customers as it challenges Europe’s banks.

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Priya Raman With 80 million customers Revolut is forcing traditional banks to improve their apps and fees or lose ground.

Paramount Closes $81 Billion Warner Bros. Acquisition After Democratic AG Settlement — 2dParamount completed its $81 billion acquisition of Warner Bros. Discovery on Tuesday, combining some of Hollywood’s most recognizable studios, television networks and streaming services under a new company called Skydance.

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Dana Whitfield The AG settlement cleared the way but these giant combinations always end up cutting jobs at the networks.

Qualcomm, Arm Set for Billion-Dollar Royalty Trial — 3dQualcomm seeks to suspend Arm royalties for up to five years, potentially worth billions, as a Delaware jury trial began Oct. 5, 2026.

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Dana Whitfield Suspending five years of royalties feels excessive even if Arm did leak something about Meta.

North Korea Rejects Seoul Medical Aid as ProvocationWorld — 17hKim Yo Jong branded Seoul's 9.3 billion won UN-exempted medical shipment "part 2 of the mine explosion case" and said the North has nothing to give or receive from the ROK.

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Longtime US Ally South Korea Bends Knee To The Green Altar — 1dLongtime U.S. ally South Korea is putting green energy on a $747 billion pedestal.

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AkzoNobel agrees $1.35 billion Asia sale to Nippon — 4dAkzoNobel agreed Oct. 5 to sell decorative paints in seven Asian countries to Nippon Paint for $1.35 billion enterprise value, a 21x EBITDA multiple.

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Maya Lindstrom Nippon is paying top dollar for those seven markets, but AkzoNobel may regret losing that regional footprint later.