entropy.io

JUST IN: Democrats will win control of the US House, Decision Desk HQ projects, retaking the chamber they lost in 2022 and ending unified Republican control of Washington.

JUST IN: The CFTC says perpetual futures on individual stocks can begin trading in the US for the first time, on exchanges registered with both the CFTC and the SEC.

JUST IN: Anthropic is expected to have over 3.5GW of computing capacity by the end of 2026 and aims to double that to around 7GW in 2027, per the NYT.

JUST IN: Drax signed a deal with Brookfield and Radiant to build an AI data center of more than 1GW at its power station in northern England, per Reuters. The first £2.5B phase of up to 100MW is set to open in early 2028, and total investment could exceed £20B including chips.

JUST IN: Anthropic is paying $350K to $500K a year equivalent for a new residency for professors, founders and senior engineers to move into AI safety research. No ML background required.

ANTHROPIC Q3 2026 RESULTS, FROM ITS AMENDED IPO FILING 1/ Revenue reached $17.0B, up 1,127% from a year ago and 47% from $11.56B in Q2. 2/ Anthropic swung to a $567M operating loss, from $974M of operating income in Q2. It cited $5.0B of higher cost short term compute and a $2.0B non-cash charge tied to its donation matching program. 2/ Adjusted operating income rose to $2.5B, with the adjusted margin at 15%, down from 19% in Q2. 3/ The Q3 net loss was $23.3B, compared with $12.1B a year earlier. Most of it is non-cash, driven by the rising value of its convertible notes. 4/ Revenue for the first nine months reached $33.2B, up from $2.5B in the same period last year. The nine month net loss was $104B, including a $94.3B non-cash charge on the convertible notes. 5/ More than 1,900 customers now spend over $1M a year with Anthropic. 6/ Anthropic disclosed about $895.4B in purchase and lease commitments, mostly for AI compute, up from at least $518B in its leaked September draft. 7/ ANT is set to list on Nasdaq. The amended filing still gives no price range.

Introducing The Entropy Circle. A list of the traders and creators wearing the Entropy badge. Our closest supporters, building Entropy with us. Follow it to see their research, trades and breakdowns in one place. nitter.cf/i/lists/21172117313531…

JUST IN: SpaceX is in talks to buy EchoStar’s wireless service Boost Mobile or gain access to its network, which Boost leases from AT&T and T-Mobile, per The Washington Post.

JUST IN: OpenAI signed four deals in Abu Dhabi, making ADNOC the first energy company to deploy its frontier AI, per the Abu Dhabi Media Office. The others are a five year pact with G42’s Inception42 and agreements with Mubadala and the Abu Dhabi government.

JUST IN: Anthropic will sell up to ¥552.9B ($3.5B) of shares in Japan as part of its Nasdaq IPO, a filing showed, per Reuters.

JUST IN: Binance users pulled $3.75B in 10 hours after withdrawals reopened. Withdrawals had been frozen since the exchange was hacked for an estimated $5.5B to $6B.

The fifth round of Entropy affiliate badges has been distributed. Invitations have been sent on X, and recipients will find further instructions in their DMs. We've seen a real shift in how the community talks about Entropy. More of you are going beyond trades and breaking down the product itself, from how the markets work to what the platform makes possible. That kind of technical depth is exactly what we want to see more of, and we're paying attention. Thank you to everyone sharing research and trades on Entropy. Every contribution is noticed, and the next round will follow soon.

JUST IN: Taiwanese analysts say this week’s chip selloff isn’t a sign AI demand is slowing. They blame Intel’s weak guidance and Big Tech’s negative free cash flow, which they expect to turn positive by 2029.