Anthropic reports $16.8B Q3 revenue at an investor meeting, signaling strong growth ahead of IPO.

Meta has recruited MongoDB chief executive Chirantan “CJ” Desai to spearhead its enterprise AI business, stoking concerns about leadership stability at MongoDB. MongoDB shares tumbled as much as 27% intraday on Monday, hitting a nearly two-month low.

GMO said the supply of publicly listed US stocks is growing at about 5% a year, with SpaceX stock sales accounting for roughly 1% of the market’s total value. The firm estimated that OpenAI and Anthropic, which are expected to list in the near future, together represent about 5% of the market’s investable capitalization. That pace contrasts with a historical pattern of equity supply shrinking by 1% per year, and could dampen US stock returns by about 20% over the next year and a half, GMO wrote in a report.

Internal documents obtained by Business Insider show Oracle cut 546 jobs in its Americas cloud infrastructure organization, about 7.6% of the 7,185 employees listed, with software developers accounting for roughly 17% of the roles eliminated. Oracle previously disclosed that its headcount fell by 21,000 employees, or 13%, in the 2026 fiscal year ended May 31, and said it had 141,000 employees before the latest round of layoffs. The cuts drew attention because Oracle reported quarterly revenue in its cloud infrastructure organization surged 121% year over year.

Amazon plans to build 1,000 same-day fulfillment centers, aiming by 2031 to place inventory within a 10-mile radius of 80% of U.S. Prime members. The push is designed to challenge Walmart’s advantage in fast delivery. Capital spending is estimated at about $48.4 million per facility, and the network is projected to handle 28% of Amazon’s orders by 2029. Internal projections also anticipate the share reaching 50% by 2035.

Oracle’s chief financial officer told employees at a companywide meeting that “doing more with less” is not the solution, after the company launched a new round of layoffs. In fiscal 2026 ended May 31, headcount fell by 21,000, or 13%. Oracle said first-quarter capital expenditures rose to $28.5 billion from $8.5 billion a year earlier. It also kept its fiscal 2027 capital spending forecast at $90 billion to $95 billion.

Several automakers say they plan to introduce extended-range electric vehicles (EREVs) by the end of 2028, including Hyundai, Genesis, Ram, Jeep, Ford, and Volkswagen-backed Scout Motors. Ram’s 1500 REV is expected to arrive in early 2027 with more than 600 miles of range and an expected price of $60,000 to $100,000. Plug-in hybrids accounted for 1.4% of US vehicle sales in the second quarter of 2026, down from the year-earlier period, according to the Energy Information Administration. Stellantis has announced a $26 billion writedown while discontinuing its plug-in hybrid lineup, and Detroit’s Big Three no longer sell a traditional plug-in hybrid in the US.

Morgan Stanley plans to invest just over $587 million in a permanent office building in Dallas, with the site expected to house around 3,800 employees by the end of 2035. The bank also committed to hiring Dallas residents for at least 25% of relocated or newly created roles, and it must submit a local recruiting plan by the end of 2027. Goldman Sachs is also investing $500 million in a new Dallas campus that it says will be its largest U.S. workforce outside New York City, with more than 5,000 employees expected to work there. The number of applicants to Goldman Sachs’ Dallas program has risen 52% over the past five years.

Oracle is planning another round of layoffs this month after cutting 21,000 employees, or 13%, in the 2026 fiscal year ended May 31. Over the same period, the company spent $55.7 billion on infrastructure and recorded a $23.7 billion net cash outflow, while raising $48 billion through debt and stock sales. Revenue rose 17% and its cloud infrastructure business grew 77% amid strong demand for AI computing power. Oracle shares are down nearly 26% this year.