Google has signed a 20-year power purchase agreement with Constellation Energy that is set to add 890 megawatts of nuclear capacity to the PJM Interconnection grid. The deal does not involve building new reactors from scratch, but instead aims to increase output from existing facilities. Constellation plans to invest about $4.3 billion to fund the project, as Google seeks to meet rising electricity demand from its data centers.

Meta has reduced the number of employees using Anthropic’s Claude Code to roughly 30,000 from about 60,000, while Microsoft has lowered its monthly per-employee cap for AI model spending from $100,000 to around $10,000. Microsoft executives had earlier projected the company was on track to spend at least $1 billion annually on internal use of Anthropic technology, but that estimate has since fallen by more than a third. Anthropic is preparing for an IPO that could value it at more than $2 trillion, and its customer concentration is drawing attention after a draft prospectus showed two unnamed customers generated 24% of its 2025 revenue, Reuters reported.

U.S. stocks climbed on Tuesday, with the S&P 500 up 0.5% and positioned to finish above its August record. The Dow Jones Industrial Average gained 185 points and the Nasdaq composite rose 0.6% after setting a fresh all-time high a day earlier. Brent crude fell 2.3% to $97.97 a barrel, down from nearly $110 a few weeks ago, easing some inflation concerns.

Citigroup estimates Meta’s AI assistant Muse could generate more than $27 billion in annual revenue by 2030. The firm projects about $23 billion would come from transaction-related revenue, with roughly $4.5 billion from subscriptions. Muse has surpassed 6.6 million cumulative downloads and reached 1.8 million daily active users as new use cases emerge and Meta steps up awareness efforts.

Ethereum developers rolled out an emergency software fix ahead of a key test for the Glamsterdam upgrade, addressing an issue tied to raising the block gas limit. Implemented in the Prysm client, the change allows the network to automatically increase maximum per-block computing capacity to a 200million gas limit from 60 million. Testnet validators will begin proposing 200million gas blocks automatically when Glamsterdam activates on Oct. 6. Glamsterdam is Ethereum’s largest upgrade since The Merge in 2022, and ETH was trading at $2,711.32 at the time of writing.

Virtune has launched the physically backed VIRZEC ETP on Nasdaq Stockholm, giving Nordic investors broker-held exposure to Zcash (ZEC). The product is designed to lower the barrier to investing in ZEC. It also aims to let regional investors access the crypto asset in a regulated exchange setting.

Paramount Skydance has completed its $110 billion acquisition of Warner Bros Discovery and will operate under the Skydance name. The combined company will trade on the New York Stock Exchange under the ticker SKYD. CEO David Ellison will lead the new group across film, television, streaming and news, with a plan to cut $6 billion in costs.

Lamb Weston reported fiscal first-quarter 2025 adjusted earnings of $0.75 per share, up from $0.74 a year earlier. The result was well above the FactSet analyst consensus of $0.59 per share. The company also raised its fiscal 2027 performance outlook.