WSJ: Nvidia and OpenAI adjust their partnership plan for the 10GW data center in Ohio, cutting the guarantee amount to below $120 billion.

Two people familiar with Anthropic’s financial affairs revealed that the AI firm projects its revenue will reach $190 billion to $200 billion by 2028. This forecast is far higher than the $47 billion in "annualized revenue" the company announced in May this year. Four sources said bankers and investors are using enterprise value-to-revenue multiples to value Anthropic based on the projection. Revenue multiples are common for high-growth software companies that have not yet built mature profit models. However, extending the forecast horizon to two years out is unusual, reflecting the rapid expansion of Anthropic’s business and the challenge of setting valuation benchmarks for a company that is still making heavy investments in AI infrastructure. (Jinshi)

According to Lookonchain monitoring, wallets linked to the Monetalis fund are suspected of conducting asset rotation operations. The Monetalis-associated wallets sold approximately 3.72 million UNI tokens via Cumberland, valued at around $13 million, and subsequently purchased 171,543 HYPE tokens worth roughly $9.56 million. It remains unclear whether this transaction represents an official position adjustment by the fund, but on-chain data shows its capital flow has shifted from UNI to HYPE.

According to monitoring by Onchain Lens, Chainlink has completed another LINK repurchase operation, acquiring 127,740 LINK tokens valued at approximately $1.12 million, and transferred the tokens to its reserve wallet. Data shows that Chainlink Reserve currently holds around 5.48 million LINK, worth roughly $48.5 million, with an average acquisition cost of $11.14 per token.

According to Bloomberg, Anthropic’s preliminary second-quarter revenue exceeded $11.5 billion, growing at least 14-fold from $787 million in the year-ago period and outpacing the first quarter’s $4.73 billion. The company posted positive adjusted operating profit in the quarter. Once a laggard in the AI race, Anthropic has seen its growth accelerate significantly as more professionals use its software to streamline workflows such as programming. In May this year, Anthropic’s annualized revenue crossed $47 billion. For comparison, OpenAI previously disclosed annualized revenue of over $40 billion, though the two firms’ calculation methodologies may not be fully aligned. Competition in the AI sector is heating up, with year-to-date IPO financing reaching $256.4 billion, a new high since 2021 (excluding financial instruments like SPACs).

According to BIT (Bit.com) market data, Broadcom closed nearly 6% lower on Friday. Market concerns have emerged over the financing model behind Broadcom’s AI infrastructure expansion. Bank of America analysts estimate that the financing platform Broadcom has set up for its AI chip clients could accumulate up to $370 billion in senior debt by mid-2029, with new issuances alone reaching around $150 billion in 2027. This estimate is based on a 20-gigawatt data center scale. The debt is held by the financing platform, not Broadcom directly, but Broadcom has provided guarantees for some clients’ lease payments, with the first transaction’s guarantee amounting to roughly $290 billion. This financing model launched in June this year, led by Apollo Global Management and Blackstone Group, providing $350 billion in funding for Broadcom’s AIXPV platform. The first tranche of funds will be used to support Anthropic in building over 1 gigawatt of computing capacity, with the platform targeting over 20 gigawatts of computing power by 2028. As AI infrastructure expands, Broadcom’s future guarantee scale has become a key focus for the market.

According to a Financial Times report, Wall Street quantitative trading giant Jane Street suffered major losses from its investment in AI hedge fund Situational Awareness, posting roughly $15 billion in losses in July. People familiar with the matter revealed that Jane Street disclosed the loss figures in a financial update to its creditors, tied to a roughly $14.6 billion private debt financing deal. Led by JPMorgan Chase, the transaction involved shifting around $11 billion in public debt to private investors including Pacific Investment Management Company (Pimco). The loss stemmed from a sharp pullback in U.S. AI stocks in July. Situational Awareness is an AI-themed hedge fund founded by former OpenAI employee Leopold Aschenbrenner, which had received investment from Jane Street. The fund, which had previously made concentrated, highly leveraged bets on AI stocks, was hit hard during the market reversal and forced to sell some of its public stock positions to Citadel. Despite the massive monthly loss, Jane Street has maintained strong profitability in recent years. Data shows the firm’s net trading revenue hit a record $16.1 billion in the first quarter of 2026, and roughly $40 billion for full-year 2025. Market observers note that the loss is unusual for a long-time low-profile proprietary trading firm that holds a significant position in global markets. Jane Street’s subsequent shift to the private debt market for financing will also reduce the scope of its financial disclosures to public markets.