Uday Ruddarraju to lead OpenAI compute and Stargate; Sachin Katti steps back
OpenAI named Uday Ruddarraju, formerly of xAI and most recently its CTO of Compute, to lead its infrastructure and compute businesses, including Stargate. He replaces Sachin Katti, who will stay on as an adviser. OpenAI now projects about $750B of compute spending through 2030, up from roughly $600B.
Reuters, citing two people at Anthropic's pre-IPO investor day, reported Q3 2026 revenue of $16.8B, up 45% from $11.6B in Q2. The company told investors it was profitable on an adjusted basis. Anthropic has not publicly confirmed the figures; its IPO is reportedly targeting a valuation above $2T.
Anthropic opens Singapore office and signs MOU with Singapore government
Anthropic opened its fifth Asia-Pacific office, in Singapore, and signed an MOU with the Ministry of Digital Development and Information. The MOU covers AI safety, security and evaluation, adoption research, and responsible public- and private-sector adoption. Anthropic says more than 1,500 GovTech Singapore staff use Claude Code.
Anthropic investor day to share Q3 financials ahead of IPOScheduled
Anthropic plans to share third-quarter financial updates with prospective institutional investors at an investor day in San Francisco on Oct 14, per CNBC and Bloomberg reports. Reports cite a potential IPO valuation of about $1.8–2 trillion; no IPO date or public S-1 yet.
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