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Headlines · 8
- Hyphenate Raises $45M Series A for Finance AI Agents
Hyphenate raised a $45 million Series A led by Nexus Venture Partners, with participation from B Capital, Jefferies and existing investors, bringing its total funding to $54 million. The company, formerly named Maximor, positions its AI agents as autonomous tools for reconciling cash, processing orders, running invoicing, maintaining subledgers and advancing financial closes. Hyphenate says customers are expanding its use across finance functions, though detailed performance and efficiency figures in The Next Web’s contributed report remain company or customer claims.
The Next Web · 🔥 0 - Jefferies Sees AI Spending Rotating Toward Software
Jefferies executive Jason Greenberg told Bloomberg that AI demand remains strong, but investors now want evidence of returns beyond chips and coding. He said spending is shifting from chips and systems toward software and, eventually, enterprise applications, with markets increasingly separating winners from losers. Greenberg also argued that software could be the next beneficiary and that today’s data-center boom differs from the telecom boom.
Bloomberg Technology · 🔥 0 - CoreWeave bond yields hit 15% as banks call AI financing fears overdone
CoreWeave's bond yields rose to about 15%, a level usually read as financial distress, and were cited as a trigger for last week's global tech selloff, with the stock plunging roughly 20%. JPMorgan said the business model remains sound, estimating a typical five-year take-or-pay contract carries an unlevered IRR near 15% against a 9-11% blended cost of capital. Barclays compared the episode to the 2023 Silicon Valley Bank panic, arguing that even a full CoreWeave spending halt would cost only about 4-5% of total AI capital expenditure, while Goldman Sachs on Monday upgraded the stock to Buy.
36氪 人工智能 · 🔥 0 - Nvidia-backed AI drug discovery firm Iambic prices IPO at $16 a share
Iambic Therapeutics announced on Oct. 14 local time that its initial public offering priced at $16 per share for 9.375 million shares, expecting to raise $150 million, with underwriters granted a 30-day option for up to 1.40625 million additional shares, according to 36Kr citing Jiemian. The stock is expected to begin trading on the Nasdaq Global Select Market on Oct. 15 under the ticker "IAM," with the offering expected to close Oct. 16; JPMorgan, Jefferies, BofA Securities and Citigroup are joint book-running managers. Iambic uses AI along with automated chemistry and biology experiments for drug discovery, its candidate IAM1363 has entered clinical trials, and Nvidia previously participated in financing the company.
36氪快讯 · 🔥 0 - Jefferies and Bain warn cheap Chinese and open models threaten hyperscaler AI returns
TechNews cites new analyses from investment bank Jefferies and consultancy Bain warning that the rapid rise of low-cost Chinese and open-source models is pushing down large-language-model token prices, putting US cloud providers' trillion-dollar data-center investments at risk of not being recovered. Jefferies says about half of roughly $2.3 trillion in contracted backlog at Microsoft, Alphabet, Amazon and Oracle comes from OpenAI and Anthropic, while Chinese models now process 76.12 trillion tokens per week, up more than 17-fold from 4.37 trillion before the end of April, versus 14.2 trillion for the top four US providers. The report also cites a Jefferies estimate that Moonshot AI's open-source Kimi K3 reaches about 95% of Anthropic's flagship Claude Fable 5, and Bain's estimate that the AI industry must generate $6 trillion in annual revenue by 2031, leaving a $4.2 trillion gap against roughly $1.8 trillion today.
科技新报 · 🔥 0 - Ed Zitron calls OpenAI's $70B revenue figure inflated in 'Annualized Enron Rate'
In his newsletter piece "Annualized Enron Rate," Ed Zitron argues the AI bubble is inflated by numbers that exist mainly to make AI startups look more successful to investors. He cites the Financial Times' report that OpenAI's annualized recurring revenue, reported by Axios at $70 billion and confirmed by the FT, was actually about $50 billion, with the higher figure produced by "grossing up" to include sales through cloud partners. The piece says Anthropic recognizes gross revenue on cloud-partner sales and calculated its run rate by annualizing the prior 28 days of consumption revenue plus subscription revenue, while OpenAI counts only its own cut; Anthropic told investors in August it had reached a $65 billion annualized run rate. Zitron also argues that many AI startups resell OpenAI and Anthropic tokens at a discount while running at a loss, tying lab revenue to continued venture funding.
Where’s Your Ed At · 🔥 0 - Alphabet to raise AI capex again next year as free cash flow turns negative
Alphabet President and Chief Investment Officer Ruth Porat said at Fortune's Most Powerful Women summit that the company will significantly increase AI-related capital spending next year, as compute demand from enterprises, governments and platforms keeps rising, and that the AI arms race is still in an early expansion phase. She said Alphabet expects to spend about $200 billion this year to expand AI capacity and remains constrained by available compute, indicating demand far exceeds supply. The report also said Alphabet's second-quarter capex reached $44.9 billion and free cash flow turned negative at $5.9 billion, the first such occurrence in more than 20 years of being public; in July the company raised its 2026 capex forecast to as much as $205 billion, and shares fell more than 6% the next day. Porat pushed back on Jefferies' Chris Wood's warning that the AI boom could cause "capital destruction," and said Alphabet is investing in nuclear, geothermal, solar and wind power and formed a skills-training alliance with Ford, Blackstone and Carhartt.
科技新报 · 🔥 0 - Jefferies' Chris Wood: AI boom risks 'massive capital destruction'
Chris Wood of Jefferies Financial Group argues that the most likely long-term outcome of the AI boom is massive capital destruction in the United States, with market share shifting to cheaper open-source Chinese models. The call is a long-horizon view on the returns from the AI investment cycle.
Bloomberg Technology · 🔥 0
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