AnalytixInsight

Last week, Nasdaq composite was flattish, gaining 0.45%, despite briefly hitting a record high Friday. S&P 500, lost 0.3%, Dow Jones Industrial Average was down 1.3%. Anthropic’s confidential IPO prospectus, showed two customers generating nearly a quarter of 2025 revenue of US$4.6 billion, a US$42 billion net loss (about US$34 billion from a funding-related accounting charge), up to US$84.5 billion in SpaceX compute agreements through 2029, and at least US$518 billion of planned infrastructure spending over ten years. OpenAI is nearing US$70 billion in annualized revenue and is in early talks to raise US$30 billion at a ~US$1.4 trillion valuation. Nvidia and SoftBank each funded their final US$10 billion from the March round. OpenAI also shelved GPT-6.1 Astra after it underperformed on safety tests. Google launched Gemini 4 Argon at US$2/US$10 per million input/output tokens, well below rivals. Meta’s Muse passed 3 million weekly prompting users and added small-business integrations. Micron’s revenue nearly quintupled to US$54.2 billion, with US$33 billion of free cash flow. Nvidia added US$150 billion to its buyback, the largest increase in history. Accenture rose ~16% on a fiscal Q4 beat. At the same time, SocGen, SMBC and MUFG turned more selective on data centre loans. Accelevation priced its US$540 million IPO at US$18, below its US$20-24 range, and traded lower. Oura postponed its IPO. Sharon AI secured a US$356 million GPU-backed loan at 9.95%. In Canada, BRC Group agreed to acquire Sangoma at a ~US$204 million enterprise value (US$5.225 per share, a ~47% premium), Quantum eMotion agreed to acquire Plurilock for ~C$33.8 million (C$0.28 per share, a ~100% premium). WELL Health’s software spin-out Wellstar began trading on the TSXV. In news pertaining to Sophic clients, Juno Industries unveiled its GUARDIAN SYSTEM and LOGAN PLATFORM, was accepted into the Defence Drone Initiative, and expects its qualifying transaction with Trail Blazer to close with TSXV trading in October. Hybrid Power Solutions received a 20-unit Batt Pack Pro order for U.S. Air Force use and reported Q4 revenue of $886,333, up 707% year-over-year, with a $19.3 million pipeline. 01 Quantum was issued a U.S. patent for its secure AI technology. PCI Geomatics shareholders approved Intermap’s acquisition, expected to close mid-October.

Last week, Dow Jones was up 0.3%, S&P 500 gained 1.2%, Nasdaq composite advanced 2.1% – despite a jump in treasury yields. During the week, NASDAQ Composite hit a record high; however, no trend has sustained since early June. Anthropic released Claude Opus 5.5, claiming performance equal to or better than Fable 5.1 and Mythos 5.1 at 40% lower cost. OpenAI launched GPT-6 Sol and Luna at half the price of their predecessors. Anthropic is also in early talks to lease up to 1 GW from Apollo-controlled Stream Data Centers, and said Claude helped identify a possible CRISPR-like gene-editing system. Oracle sent a force majeure notice to Blue Owl’s Stack Infrastructure over delays at OpenAI’s New Mexico Project Jupiter, and both stocks fell over 5%. SB Energy’s US$5-7 billion IPO at a ~US$50 billion valuation is meeting investor skepticism and will likely slip to October. Oura filed to raise US$2.2 billion at up to a US$15.6 billion fully diluted valuation. Databricks acquired Excel rival Row Zero. Microsoft relaunched Copilot as a “super app” and authorized 30 to 50% seat discounts for large, usage committed customers. Meta’s Muse agent passed 500,000 users in its first week. Amazon blocked it, and Meta then added Walmart, Best Buy and Sephora as partners. Alibaba unveiled its Zhenwu V900 AI chip and is targeting 20+ GW of data centre capacity by 2032. Z.ai fell ~12% on reports that China’s CAC is probing data leaks to Anthropic. Binance invested US$100 million in Circle at US$80.84 per share. In Canada, TD committed up to $25 million over three years to an AI collaboration between its Layer 6 unit and Cohere. In news pertaining to Sophic clients, Intermap signed a three-year flood risk and property valuation subscription with Fairfax-owned Colonnade Insurance, starting in the Czech Republic. Renoworks launched Renoworks.ai, its AI-native remodeling platform. 01 Quantum will demo quantum-safe encrypted AI at GCXpo 2026. Hybrid Power Solutions closed a $617,500 private placement.