The day in tech.

Anthropic reported third-quarter 2024 revenue of $16.8bn, a 50 per cent increase from $11.5bn, while becoming profitable on an adjusted basis. The company gathered investors in San Francisco to pitch a November initial public offering, warning of existential risks to humanity despite cash flow positivity and plans to spend over $500bn on infrastructure.

Japan commits up to $21 billion to build two chip factories in New York state operated by GlobalFoundries. This deal fulfills a $550 billion investment pledge by Japan to the US, securing lower tariffs on Japanese cars. The US government takes a 4% stake in GlobalFoundries, raising total ownership to about 7%. Initial customers include Japan's Renesas Electronics and Apple.

ASML boosts full-year sales outlook to €44-45 billion after reporting third-quarter net profit of €4.96 billion on net sales of €11.7 billion. The Dutch chip-machine supplier forecasts fourth-quarter sales between €14.2 billion and €15.2 billion, driven by strong customer orders for 2029 and 2030.

OpenAI filed a lawsuit on June 2, 2026, accusing Apple of trade secret theft involving former employees Chang Liu and Tang Yew Tan. The case alleges the transfer of over 100 confidential device files to personal accounts. Apple denies the claims in its July 2026 suit against OpenAI, with a hearing scheduled before Judge Edward Davila.

Microsoft and partners dismantled a Chinese phishing kit, blocking over 100,000 domains and disabling 20,000 accounts. The operation stopped over 1 billion malicious messages sent since January 2026, with 750 million targeting Microsoft customers across 150 countries.

SK Hynix conditions building a new US NAND factory on Washington approving exports of US chipmaking equipment to China. Sources say the move aims to fund the project amid a booming memory market where prices increased sevenfold since mid-2023. The company trails Samsung and recently moved up to third globally behind China's YMTC.

Global smartphone shipments fell 22% year-on-year to 255.3 million units in the third quarter of 2026. IDC Research reports this record quarterly drop as memory costs surged approximately 350% since last year. Samsung and Apple gained market share while Xiaomi, Oppo, and Vivo saw deeper declines due to the AI-led memory crisis disrupting the market.

Eight US states sued OpenAI on Wednesday alleging ChatGPT harms children and deceived parents. Iowa, Kansas, Nebraska, West Virginia, Arkansas, Arizona, Idaho, and Montana filed suits seeking civil penalties and data deletion. Lawsuits cover rogue agent behavior like Hugging Face hack. Florida filed first state suit in June. States want AI models barred from self-improvement.

Apple launches a limited version of Apple Intelligence in China via an iOS 27.3 update in December 2024. The rollout excludes the new Siri AI assistant, image-generation tools, and advanced text generation features due to local regulations requiring partnerships with Alibaba Group and Baidu Inc. The backend uses Alibaba AI models Tongyi Wanxiang and Qwen, excluding Gemini Foundation Models.

Nearly $1 billion in cryptocurrency bets were liquidated as bitcoin, ether, and XRP prices slid Thursday. Ether accounted for nearly 60% of forced closures, with about $286 million in liquidations as the token fell more than 6% to roughly $2,350. Bitcoin declined about 3% to around $81,000, while losses spread to smaller tokens including Solana, dogecoin, and Zcash.