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The Next Web
Original and proudly opinionated perspectives for Generation T
| 10/29/2026 08:40 PM |
FTC and eight states sue Toast over hidden fees and hard-to-cancel plans |
 The US Federal Trade Commission and eight states have sued Toast, the restaurant software and payments company. They accuse it of hidden fees, unwanted add-ons and a cancellation process that traps customers. Toast said it will fight the case in court. The FTC announced the lawsuit on Thursday in a press release. It also published […] This story continues at The Next Web |
| 10/29/2026 08:22 PM |
Intel shares sink as memory shortage drags its PC chip outlook |
 Intel forecast fourth-quarter revenue of $15B to $16B, below the $17B analysts expected, as a memory chip shortage hits PC demand and supply problems slow its data centre unit. Shares fell more than 20% in late trading. Third-quarter revenue rose 21% to $16.5B. Intel shares fell more than 20% in late trading on Thursday after […] This story continues at The Next Web |
| 10/29/2026 08:10 PM |
Anthropic is SpaceX’s biggest customer, bringing in a third of revenue |
 Anthropic is the “Customer B” that made up 34.5% of SpaceX’s third-quarter revenue, Bloomberg reports, overtaking the US government as its biggest client. Anthropic could spend up to $120.5B on SpaceX computing through 2029, but can cancel after early 2027. Anthropic is SpaceX’s largest customer, accounting for more than a third of its revenue in […] This story continues at The Next Web |
| 10/29/2026 08:04 PM |
Sam Altman says OpenAI will point its robots at building data centres |
 OpenAI will point its robotics programme at building data centres, chief executive Sam Altman said. Self-replicating data centres, built with AI-controlled robots, are “within grasp”, he said. He spoke to Stripe co-founder John Collison on Collison’s podcast, Cheeky Pint, released on Thursday. The episode is on YouTube, and Cheeky Pint published a full transcript on […] This story continues at The Next Web |
| 10/29/2026 07:26 PM |
Microsoft’s Copilot daily users grew five times in a year, Nadella says |
 Copilot daily users grew nearly 50% in the three months to September, Microsoft chief executive Satya Nadella said. That is more than five times as many as a year earlier. Microsoft still did not say how many people pay for it, Jordan Novet reported for CNBC. Nadella gave the 50% figure on the company’s earnings […] This story continues at The Next Web |
| 10/29/2026 07:24 PM |
Microsoft made $10bn from OpenAI last quarter, 11% of its revenue |
 Microsoft recorded $10bn of revenue from its business with OpenAI in the three months to September, about 11% of its total revenue. Microsoft disclosed the amount in its quarterly filing on Wednesday, the day it reported its results. It is the first time Microsoft has given a quarterly figure for the arrangement, Todd Bishop reported […] This story continues at The Next Web |
| 10/29/2026 06:49 PM |
Baseten’s joey-1 makes AI decisions for a penny per million tokens |
 Baseten released joey-1, a 2B open-weights “decision model” that returns an answer and a probability rather than text. It costs $0.01 per million tokens and answers in about 20ms, Baseten says. It joins the larger mammoth-1 and elephant-1 launched last week. Baseten has released joey-1, a small open AI model that answers yes-or-no and multiple-choice […] This story continues at The Next Web |
| 10/29/2026 06:48 PM |
Canada joins Nvidia in backing Cohere’s record C$7bn Series E |
 Cohere has completed the first close of its Series E round, which it aims to grow to as much as C$7bn. The Toronto AI company says that would value it at C$35.7bn. The Government of Canada is among the new investors. Cohere announced the round on Thursday in a press release and a blog post […] This story continues at The Next Web |
| 10/29/2026 06:35 PM |
Marvell nears a deal to buy Nvidia-backed Lumentum, Bloomberg reports |
 Chipmaker Marvell Technology is in advanced talks to buy Lumentum, which makes the lasers that move data between AI chips. Marvell would likely pay in shares, and the companies could announce a deal as soon as next week, according to Bloomberg. Ryan Gould, Michelle F. Davis and David Carnevali reported the talks for Bloomberg on […] This story continues at The Next Web |
| 10/29/2026 06:20 PM |
FuriosaAI raises $620m at a $2.9bn valuation for its Nvidia rival chips |
 FuriosaAI, a Seoul-based maker of AI inference chips, has raised $620m in a Series D round. The round values it at about $2.9bn. South Korea’s National Growth Fund put in $280m, making it the largest investor. The company announced the round in a press release and a blog post. Its previous round last year valued […] This story continues at The Next Web |
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