Markets, AI & crypto, fact-checked with data.
Melbourne, Victoria
- Tweets 1,037
- Following 456
- Followers 122
- Likes 40
500 km of range in 12 minutes: China's Svolt says its semi-solid EV battery is now in mass production.
Semi-solid cells mix solid and liquid electrolyte, a nearer route to fast charging while all-solid-state is still far off, per Svolt.
Svolt's figures; no car named yet.
#EVs
1
4
Excavators with no one in the cab are doing paid work on US job sites.
@BedrockRobotics just raised $600M at a $4.1B valuation, up from $1.75B in February.
Why: mastering an excavator takes 5+ years, and skilled operators are retiring.
Labor fix, or job threat? #Robotics
1
14
Sources: Bedrock release (26 Oct; co-led by CapitalG and Emergence, NVIDIA a backer) globenewswire.com/news-relea…
TechCrunch techcrunch.com/2026/10/26/th…
Feb round: prnewswire.com/news-releases…
13
Intel is buying quantum software startup @ClassiqTech, for $2.3B per Calcalist: over 3x its 2025 valuation.
Classiq's software designs quantum circuits for any hardware, like EDA tools did for chips. With @intel's spin-qubit chips, Intel gets a full stack.
Worth it this early?
1
24
Intel didn't disclose the price; $2.3B (cash and stock) is Calcalist's report. CEO Lip-Bu Tan was an early Classiq investor and, per sources, stayed out of the talks. Deal expected to close in H1 2027.
Sources: intc.com/news-events/press-r… calcalistech.com/ctechnews/a…
21
Anthropic lost $80.7B in six months. But $72.4B of it was an accounting charge, not cash out the door.
@AnthropicAI's IPO filing, made public Monday, shows H1 2026 revenue of $16.3B, up from $1.16B a year earlier. Operating loss: just $693M.
Can growth like that last?
1
12
Why the giant "loss"? Anthropic raised money through convertible notes that later turn into shares. As its valuation soared, those notes got more valuable, and accounting rules book that rise as a loss.
Cash and short-term investments: $131.7B (30 Jun). Nasdaq ticker: ANT.
1
10
Sources: Anthropic S-1 (SEC): sec.gov/Archives/edgar/data/…
Anthropic: anthropic.com/news/s1-sec
CNBC: cnbc.com/2026/10/26/anthropi…
Price range and share count not set yet.
6
Since 3 Aug, Brent crude is up 39% and India's Nifty 50 is down 8%.
Today the Nifty rose 0.68% to 22,753, ending a 4-day slide, as oil eased.
India imports ~85% of its crude, so dear oil feeds inflation and weighs on the rupee.
Relief rally, or does oil still rule? #Nifty
1
78
Sources: Nifty 50 close 22,753.20 (+0.68%), Sensex 73,606.75 (+0.66%): etnownews.com/markets/sensex…
Oil: cnbc.com/2026/10/26/oil-slip…
India's ~85% import share: thehindubusinessline.com/eco…
Chart: Yahoo Finance daily closes.
38
South Korea just had the best export month in its history. Its stock market is down 40% from the peak.
September exports: a record $120.9B, up 83.5% on a year ago.
Chip exports: $60.3B, up 263%.
October 1-20: another record, with chips up 222.5%.
KOSPI: 5,469 today, versus 9,115 on 22 June.
1
26
The KOSPI now trades on about 4x forward earnings, a level Bloomberg data hasn't shown in any of 18 major markets since 2006. @GoldmanSachs says memory stocks are pricing in a roughly 65% drop in 2027 earnings.
So either investors see the AI memory cycle rolling over before the data does, or the market has priced in a bust that hasn't shown up yet.
Which breaks first, the export boom or the discount? #KOSPI
19
The biggest simulation yet of the universe's first 2 billion years is here.
Lumina tracks gas, dark matter and light in a cube ~1.5bn light-years wide, 100x+ the volume of past runs, and is the first to capture helium reionisation as it happened.
@CenterForAstro @MIT #Astronomy
12
SoftBank's Masayoshi Son picked Malaysia for a $50B AI and data centre push, says PM @anwaribrahim. SoftBank hasn't confirmed it.
The AI boom already shows in Malaysia's trade: September exports +54.5%, electronics and chips +69%.
Can it move up from back-end chip work? #AI
1
33
Anwar said Son named Kuching (Sarawak) and Peninsular Malaysia after a video call; Nikkei says SoftBank is discussing a $50B plan. SoftBank signed a non-binding Sarawak AI framework on 8 Oct.
Sources:
businesstimes.com.sg/interna…
asia.nikkei.com/business/sof…
52
AI has delivered "zero financial payoff" outside Big Tech so far, says @apolloglobal chief economist Torsten Slok.
Revenue per worker and profit margins are rising at the Mag 7 but flat for the other 493 S&P 500 firms.
Can this week's Big Tech earnings change that? #AI
1
16
The chart: in Ramp's business spending data cited in the note, the top 10% of firms account for 95.6% of spend on OpenAI and Anthropic. Caveat: these are group averages, not firm-level results.
Sources: apollo.com/wealth/insights-n…
techcrunch.com/2026/10/25/ai…
22
The riskiest US junk bonds now yield 18%, the most since 2020. The junk market as a whole has barely flinched.
CCC & lower yield: 17.99%, up 502 bp in six months
CCC spread over Treasuries: 13.40%, widest since mid-2020
All high-yield spread: 3.40%
BB spread: 2.10%
1
18
Two reasons this isn't a broad credit crack yet.
CCCs are a small corner: under 10% of the junk index, a record-low 8.6% by J.P. Morgan's count.
DoubleLine estimates telecom and media are ~15% of the CCC group but ~70% of this year's widening.
Defaults are contained: S&P counted 7 global defaults in September, down from 11 in August.
1
3
The other side: CCC borrowers have the least room for error, and every refinancing now prices off a 10-year Treasury near 5%. A CCC spread above its 2022 peak (~12.9%) says lenders are getting picky.
The tell would be single-B and BB spreads starting to follow.
A few broken balance sheets, or the first rung of a wider credit turn? #Credit
3