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Deals

OpenAI trimmed its round to $20 billion at a $1.25 trillion valuation, with $11 billion committed

The round got smaller, not cheaper: $20 billion sought at the same $1.25 trillion price, and the money OpenAI no longer needs to sell is being raised as debt against chip orders.

October 31, 2026 · 4 min read

Platforms

OpenAI, Google, Microsoft and Anthropic adopt a free robots.txt opt-out; Cloudflare's margin fell to 71.8%

OpenAI, Google, Microsoft and Anthropic adopted a shared robots.txt opt-out on October 30, and Microsoft says it creates no payment arrangements. Cloudflare, which wants every agent visit billed at its edge, reports November 5 with gross margin already sliding.

October 31, 2026 · 3 min read

Data Center

Meta raised $37.5 billion, then S&P cut its credit outlook to negative on $71 billion of 2027 cash deficits

S&P Global Ratings cut Meta's credit outlook to negative on Friday, saying Meta's ability to monetize its AI investments is "more limited than that of its peers." The verdict landed one day after Meta closed $37.5 billion of stock offerings, money for a buildout that turned its free cash flow negative for the first time since 2012.

October 30, 2026 · 3 min read

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Richtech Robotics now trades below its cash, and the filings explain why

OpenAI trimmed its round to $20 billion at a $1.25 trillion valuation, with $11 billion committed

OpenAI, Google, Microsoft and Anthropic adopt a free robots.txt opt-out; Cloudflare's margin fell to 71.8%

Meta raised $37.5 billion, then S&P cut its credit outlook to negative on $71 billion of 2027 cash deficits

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