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☕️ Anthropic's revenue rises 45% in Q3
Anthropic's revenue jumps 45%, spyware in ads, and more.
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Read online Thursday 15 October 2026 | Join Free | Upgrade Together with Hi there, this is your daily ☕️ Techpresso. In today's newsletter: 💰 Anthropic's revenue rises 45% in Q3 🕵️ Spyware infects phones through online ads 🏦 Bank of America hires 1,000 to fix AI-found flaws ⚖️ OpenAI alleges ex-employee took ‘highly confidential’ device files to Apple 🐝 Amazon launches two AI wearables 💥 Eight states sue OpenAI over harm to kids Plus: 🎁 14 more stories you might like, 🧰 6 tools, and 📚 5 papers. FROM OUR PARTNER Meeting notes in 32 languages Do your meetings switch between languages? Granola, the AI notepad for people with back-to-back meetings, now supports 32 languages. Turn on multi-language mode once and Granola follows the conversation, whichever language it's in. You jot down what matters, Granola transcribes the meeting from your computer, and you get clear notes with next steps as soon as the call ends. Download Granola and try it in your next meeting. Free month with the code TECHPRESSO. Try Granola 💰 Anthropic's revenue rises 45% in Q3 LINK Anthropic told investors on Wednesday that its revenue climbed nearly 50% in the third quarter, reaching $16.8 billion, up from $11.5 billion the quarter before and $4.8 billion early in the year. The company earned $1.70 in revenue for every $1 spent on computing power during the quarter, with adjusted operating margins, which leave out stock-based pay, coming in at 11%. Anthropic also cut back sharply on "distillation," where rival labs train their models on its outputs, a practice that brought in 5% to 7% of revenue but which it reduced in the third quarter. 🕵️ Spyware infects phones through online ads LINK Citizen Lab found spyware called "AdFection" that hijacks phones and computers through online ad networks, infecting devices simply by showing an ad, with no click or download needed from the victim. The tool, built by Israeli firm Discover-Tech, abused the real-time bidding system that places targeted ads to identify specific users, then hid malware inside normal-looking ads aimed at journalists, NATO, the European Commission, NVIDIA and Arm. Discover-Tech reportedly ran 442 million ads across over 120,000 sites, including the BBC and New York Times, plus apps like Duolingo and Grindr; Google has since blocked the firm from its ad platforms. 🏦 Bank of America hires 1,000 to fix AI-found flaws LINK Bank of America brought on 1,000 contractors this year to patch software flaws surfaced by Anthropic's Mythos model, adding them to the 3,000 staff already working on security, CEO Brian Moynihan told analysts on Wednesday. Moynihan said the bank spent a "couple hundred million plus" in the third quarter on the patching work and on anti-money-laundering compliance, but he expects that spending to fall once the backlog of fixes clears. Anthropic released Mythos in April to a limited group of banks, tech firms and government bodies, prompting U.S. lenders to fix hundreds to thousands of flaws within days, most rated low to moderate in severity. ⚖️ OpenAI alleges ex-employee took ‘highly confidential’ device files to Apple LINK OpenAI has accused a former staffer who joined Apple of sending more than 100 files about an unreleased product to a personal account, then presenting that work to senior Apple leaders months ago, according to a new court filing. In the San Jose federal filing, OpenAI said it worries its trade secrets are now spreading inside Apple, pointing to this week's release of Apple's HomeView product, and warned it may file a countersuit over the claim. Apple said it has rules to stop new hires from using former employers' confidential information and found no evidence backing the claim; the dispute, which delayed a showdown set for yesterday, is likely to reach trial in October 2027. 🐝 Amazon launches two AI wearables LINK Amazon's Bee has rolled out its first products since the takeover last year: the $74.99 Bee Frontie