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12 stories in the last 7 days
The latest Finance news, distilled by AI into sharp ~100-word summaries covering tech-company earnings, revenue, stock moves, valuations and M&A. ByteBrief scans dozens of tech sources and surfaces only what matters, updated hourly. Tap any story for the full brief, or open the original source.
Securitize announced the acquisition of River One, an institutional asset-backed financing platform, alongside Q3 results showing tokenized assets grew 9% to $4.8 billion and revenue reached $11.5 million. The Miami-based firm also authorized a $50 million share buyback and reported an adjusted EBITDA loss of $2 million as it expands into tokenized stocks and credit products.
Geothermal firm Fervo reported $11.9 billion in contracted revenue during its third quarter, a rise from $7.2 billion previously. The company is building a 396 megawatt plant for Google by 2028 at Cape Station in Utah. While operating losses reached $43.7 million, Fervo holds $1.9 billion in cash.
The US Commerce Department halted its investigation into Megaspeed after Nvidia general counsel Tim Teter contacted officials citing permission from Jeff Kessler. The case transferred to the Justice Department for a criminal inquiry, causing Nvidia shares to fall 8.8% and wipe almost $400bn off market value.
Anthropic launches Fable 5.2 and Mythos 5.2 models Monday, priced 20% below OpenAI's GPT-6 Astra at $8 and $40 per token. Fable 5.2 costs $0.20 per million cached tokens versus $1.00 for the competitor. The launch aims to re-accelerate revenue growth following a third quarter slowdown.
The full story is at Wall Street Journal, which ByteBrief could not read, and no free outlet has reported it yet. Read full story opens it at the source.
Nvidia shares fell as much as 8% Monday, threatening to erase roughly $350 billion in market value, after its board opened an independent investigation into CEO Jensen Huang over an alleged Chinese intelligence operation. Huang acknowledged being unfaithful to his wife and pledged to cooperate.
Goldman Sachs CEO David Solomon states AI financing demand remains strong despite market jitters on Monday. He notes his firm is very active in AI capital markets deals, expecting this to continue. Solomon believes in the long-term trajectory of AI power to drive productivity in the economy. Solomon expects demand to continue. Anthropic preparing for potential IPO.
Uber launches Uber Parking in 15 cities today, built on its February acquisition of SpotHero. The service covers 400 cities total and integrates 13,000 facilities. Uber One subscribers earn 10 percent back on reservations, affecting 55 million members.
Spines, a hybrid AI publisher, raised $64 million total in equity and debt financing Monday. The round includes a $29 million Series A-1 led by Zeev Ventures and a $35 million non-dilutive facility from Twelve. CEO Yehuda Niv stated the company hit a $50 million annual revenue run rate representing 400% year-over-year growth.
Defense software startup Nominal raised $240 million in Series C funding on Monday, tripling its valuation to $3 billion. Revenue grew more than threefold since the start of the year, driven by defense spending. The round was led by Lightspeed Venture Partners and Insight Partners, joined by Lockheed Martin Ventures and Salesforce Ventures.
Nvidia shares fell 5% in afternoon trading, slicing more than $200 billion from its market value after CEO Jensen Huang admitted to an affair with a woman suspected of spying for Chinese intelligence services.
Japan's Sojitz Corp signed a memorandum of understanding on Nov 9 to acquire a 5% stake in Vietnamese tungsten producer Masan High-Tech Materials from Masan Horizon. The deal values the stake at roughly US$125 million, based on a prior Elmet Group investment, with definitive agreements targeted by year-end for use in semiconductors and AI infrastructure.