OpenAI Quarterly Revenue Hits $10B as Capital and On-Device AI Both Accelerate

AIDaily2026-11-11Archive →

Key Takeaways

OpenAI Q3 revenue reaches $10 billion, up nearly 50% quarter over quarter
CoreWeave beats expectations and raises guidance
SoftBank and Grab team up to build more than 5GW of AI infrastructure in Malaysia

Revenue and Capital: OpenAI Returns to High Growth, Anthropic IPO Divides Opinion

OpenAI told investors that third-quarter revenue rose nearly 50% quarter over quarter to $10 billion, rebounding from a slowdown in the previous quarter, driven mainly by renewed demand for newer models and enterprise products. The company is seeking a new funding round at a $1.25 trillion valuation. That growth rate is nearly three times the 17% quarter-over-quarter increase in the second quarter and 2.6 times the year-earlier level. (Source: The Information)

Market views on Anthropic's IPO are sharply divided. CNBC's Jim Cramer argued that Anthropic's explosive growth is enough to support a record-breaking IPO, saying "this deal moving forward is a bullish signal for tech stocks and the AI trade." (Source: CNBC Technology) Gary Marcus publicly opposed the move, arguing that the business requires exponential capital growth in exchange for limited quality gains and that its liabilities far exceed its historical revenue. He also reiterated his view that "AI models have no moat." (Source: Daring Fireball)

Compute and Infrastructure: CoreWeave Steadies Expectations, Southeast Asia Adds Another 5GW+ Project

AI cloud provider CoreWeave beat revenue expectations for the third quarter and raised guidance, easing market concerns about slowing AI demand. Its shares had been under pressure ahead of the earnings report. (Source: CNBC Technology)

Infrastructure investment continues to expand into Southeast Asia. SoftBank and Grab signed a cooperation agreement with Petros to develop AI infrastructure in Sarawak state and Peninsular Malaysia. The two projects received seed investments of $1 billion and $750 million respectively, with Petros contributing $100 million. Total designed capacity exceeds 5GW, and the parties will also seek other investors and hyperscale data center customers. Grab co-founder and CEO Anthony Tan is expected to lead project development, and SoftBank has agreed in principle to a five-year lock-up on its Grab shares. (Source: IT之家)

On-Device and Products: Apple Lowers the Barrier to Local Models, Google Pushes AI Search Into Classrooms

On-device AI is another parallel thread. Apple is preparing to launch a new Mac app that makes it easier to run AI models locally. (Source: Hacker News) The move echoes on-device chip company Houmo AI's announcement of a multi-billion-yuan Series B round. Some analysts argue that the on-device battle is not about cloud compute but about the token-based business model: large models are shifting their billing target from each API call to each installed device. (Source: TMTPost)

On the application side, Google plans to make its AI-integrated Guided Learning version the default search service for K-12 schools starting in January 2027. (Source: kaopunews) Meta announced that, starting Nov 10, 2026, it will expand its AI technology for identifying suspected teen users worldwide. (Source: kaopunews)

Robots and Hardware: Disney Tests Parking Robots, Amazon Launches Security Drones

The Walt Disney Company is testing AI-powered parking guidance robots in partnership with Field AI, founded in 2023, whose team members come from Google DeepMind, NASA, Nvidia and Tesla. The robots debuted at the Disney Accelerator demo day, featuring a four-wheel chassis and display screen, inspired by "Cars" and "WALL-E." Deployment timing and whether they will ultimately be rolled out have not been announced. (Source: IT之家)

Amazon launched AI-driven security drones and robots. Its roaming Ring Robotics devices will debut between late 2026 and early 2027. (Source: Ars Technica) Wearable device company Oura announced it will acquire medical AI chatbot startup Counsel Health for $625 million, with the deal expected to close by the end of the year. (Source: The Verge)