SpaceX reported Q2 revenue of $7.8 billion, up 92 percent year-over-year, with its former xAI division driving growth through cloud deals while posting a reported 2,013 percent surge in AI-segment capital expenditure to $15.8 billion (about $18.4 billion company-wide). The results offer the first public window into the economics of an AI-scale operation, highlighting both revenue gains and massive infrastructure costs.
Clarified that the reported 2,013% CapEx surge to $15.8B refers to AI-segment spending, not company-wide CapEx (about $18.4B in Q2 per SpaceX filings).
The earnings provide the first definitive public look at the costs of running an AI business at this scale.
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Adobe and Disney announced a multi-year alliance on November 9, including custom generative models in Adobe Firefly Foundry trained on Disney properties.
Nvidia's board says it is opening an independent investigation after reports that CEO Jensen Huang was the target of a foreign intelligence effort. It says it has no reason to believe secrets were compromised, and Huang has said he will cooperate.
Meta has released Muse Ember, which it calls its smallest and most efficient AI model for agent subtasks such as tool calls and coding. It is available as muse-ember-1.0 at $0.10 per million input tokens.
Three investors told The Wall Street Journal Anthropic's IPO valuation will likely need to come down, with one saying closer to $1 trillion, the Journal reported, per AFP. The company had been aiming for about $1.5 trillion and a week-of-Nov. 16 debut, and has not confirmed a date.
Sources told CNBC that Chinese AI lab Moonshot has discussed leasing Nvidia Blackwell capacity from European neoclouds, including talks around clusters of 8,000 or more GPUs. No signed lease has been confirmed.
