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Hi there, this is your daily ☕️ Finpresso.
In today's newsletter: 💰 Nvidia unveils biggest-ever stock buyback at $150B 📉 Anthropic IPO filing reveals $42B loss 💼 Meta launches enterprise AI unit led by MongoDB CEO 🤖 AMD names Fei-Fei Li chief scientist in $8.2B deal 🏦 Coinbase wins approval to clear its own derivatives Plus: 🌍 12 macro stories, 🏢 9 corporate stories, and 📑 6 research & reports.
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📊 Before The Bell
 | Change over the last 24 hours · as of Sep 29, 2026, 5:56 AM ET |
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Your agents work while you sleep
Give a Skydive agent an ongoing responsibility and they’ll handle it on schedule, every time.
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💰 Nvidia unveils biggest-ever stock buyback at $150B
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- Nvidia, the chipmaker at the center of the AI spending boom, expanded its share-buyback program by $150 billion, its largest increase ever, and its stock rose 1.8% in early trading following the announcement.
- The increase brings Nvidia’s remaining buyback authorization to a record $235 billion, following an $80 billion addition four months earlier, with Chief Executive Jensen Huang saying the company’s cash generation supports both technology investment and shareholder returns.
- The buyback follows a quarter in which Nvidia’s revenue more than doubled to $96.22 billion as companies bought AI chips to build data centers; AMD and Intel shares also gained after the announcement despite broader tech-sector weakness.
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📉 Anthropic IPO filing reveals $42B loss
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- Anthropic, an artificial-intelligence developer, reported a $42 billion net loss last year in a leaked IPO filing, dwarfing its nearly $4.6 billion in revenue even as sales surged and computing expenses mounted across its business.
- The filing says Anthropic plans $518 billion in cloud, computing and infrastructure spending obligations in the coming year, compared with just $20.3 billion in cash at the end of last year, exposing a vast funding gap.
- Nearly a quarter of Anthropic’s revenue came from two customers, and many large clients lack long-term contracts; cheaper open-weight AI models are also driving prices down as the company seeks IPO funding amid slowing demand for frontier models.
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💼 Meta launches enterprise AI unit led by MongoDB CEO
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- MongoDB shares fell 25% and Meta slipped about 4% yesterday after MongoDB CEO CJ Desai left to lead Meta’s new enterprise AI platform as chief enterprise platform officer, reporting directly to Meta CEO Mark Zuckerberg.
- Meta’s new platform will initially focus on its Muse agent, a business agent and a coding tool; Zuckerberg said the effort would draw on the company’s AI models, large-scale infrastructure and experience working with businesses.
- At MongoDB, former CEO Dev Ittycheria returned as interim chief while the board searches for a permanent replacement; the company reaffirmed its fiscal third-quarter and full-year 2027 forecasts despite Desai’s exit after less than a year.
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🤖 AMD names Fei-Fei Li chief scientist in $8.2B deal
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- AMD, the chipmaker, named Fei-Fei Li chief scientist in an $8.2 billion deal to acquire World Labs, with the company describing expected benefits from the purchase but offering no specific financial projections in its statement.
- AMD describes the timing of the World Labs acquisition’s closing as an expectation, not a commitment, and identifies its ability to integrate acquired businesses as a risk that could make actual results differ materially from expectations.
- AMD also cites export restrictions, the availability of chipmaking components and the risk of losing key employees as uncertainties, underscoring that the acquisition’s anticipated benefits and expected closing timetable could change as the transaction proceeds.
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🏦 Coinbase wins approval to clear its own derivatives
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- Coinbase, the crypto exchange, won US approval yesterday to clear derivatives in-house, completing its regulated trading setup and giving it direct control over settlement for fully funded contracts rather than relying entirely on outside clearing firms.
- The new clearinghouse can handle fully funded futures, options on futures and swaps, with Coinbase saying the ability to create and settle those contracts directly should speed up product development and make operations more efficient.
- The approval excludes leveraged contracts, so Coinbase will keep using outside clearing firms for products requiring less than full upfront funding and for its planned contracts tied to individual stocks that have no expiration date.
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Can Robotics Make Regenerative Farming Scalable?
Greenfield Robotics is on a mission to give farmers alternatives to herbicide-dependent weed control. BOTONY is the beginning of a broader robotic farming system designed for a wider range of applications in the field.
This Reg A+ offering is made available through StartEngine Primary, LLC, member FINRA/SIPC. Please read the Offering Circular and related disclosures before investing. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
🌍 Macro News
- Australia’s central bank raised rates to 4.6%, highest since 2011. LINK
- AI demand is spreading inflation pressure beyond technology supply chains. LINK
- Tether’s USDT is central to Iran’s shadow banking, Senate probe says. LINK
- Google challenges EU order to share anonymized search data. LINK
- US eases fuel rules, potentially sparing Ford $1 billion in annual fines. LINK
- Dollar nears two-month high as Treasury yields and oil prices rise. LINK
- Brent rises as Middle East supply concerns persist. LINK
- Gold and silver fall as stronger dollar and higher yields weigh. LINK
- India plans $25 billion to fund domestic deep-tech startups. LINK
- Moore Threads falls as China may allow Nvidia workstation-card purchases. LINK
- QatarEnergy extends notices to LNG customers through November. LINK
- China IPO hurdles may block humanoid robot startups from listing. LINK
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🏢 Corporate News
- Anthropic launches lower-priced Claude Sonnet 5.5 for routine tasks. LINK
- OpenAI cancels GPT-6.1 Astra release over safety concerns. LINK
- Instinct raises $1 billion at $10 billion valuation for AI assistant. LINK
- Samsung affiliates invest $1 billion in Nvidia-backed Helix infrastructure firm. LINK
- Snowflake prices $3.75 billion convertible bond sale to institutions. LINK
- Citi merchants can accept Coinbase stablecoin payments without holding crypto. LINK
- Blockchain.com reportedly targets $500 million IPO as crypto markets recover. LINK
- AstraZeneca invests $2 billion in Summit cancer-drug research venture. LINK
- Goldman opens $100 billion Treasury fund to institutional crypto firms. LINK
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📈 Stocks
| ▲ Biggest winners | | NetEase rose 5% after Morgan Stanley named it Top Pick. LINK |
| ▼ Biggest losers | | Bloom Energy fell 9% after Brookfield's $5 billion investment deal failed to impress investors seeking immediate revenue growth. LINK | | Arm Holdings fell 9% after a filing revealed CFO Jason Child sold 10,400 shares. LINK |
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📑 Research & Reports
- 6 free Claude skills for finance teams: cover close, forecasting and reporting work, ready to drop in. From Aleph. Get the 6 skill files for free
- Bain says AI needs $6 trillion annual revenue by 2031. LINK
- AI giants need $300 billion yearly revenue to cover infrastructure, Goldman warns. LINK
- Ethereum USDT supply growth did not translate into sustained DeFi inflows. LINK
- Electronic payments rise, but disconnected invoices keep supplier accounting manual. LINK
- ICMA paper reviews smart contracts across DLT fixed-income market processes. LINK
- AI assistants could shift deposits to higher-yield accounts, risking bank runs. LINK
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📅 Market Calendar
 | Earnings · Economic events |
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