Global M&A Slows to $993B, Broadcom Offers Anthropic $42B and AI Spending Stays in Focus: What's Going On Today

Markets

Global mergers and acquisitions totaled $993 billion in the third quarter, down 41% from the previous quarter, as higher borrowing costs cooled dealmaking, Reuters reported on October 1. The slowdown marks a sharp reversal after a strong first half of the year.

US stocks recovered from early losses to close slightly higher on Thursday, Reuters reported. The S&P 500 bounced from a morning decline as Treasury yields eased from their earlier surge, though bond-market pressure remained a focus for investors.

Tech

Broadcom could lend Anthropic as much as $42 billion to finance chip leases, according to the AI company's IPO filing reviewed by Reuters and reported October 1. The facility could support roughly one-third of Anthropic's $125.2 billion, five-year commitment to lease Google's TPU chips.

Singapore's Temasek is comfortable with current hyperscaler AI spending levels, an executive told Reuters on October 1, despite the scale of investment in data centers and computing infrastructure. The comments add an investor perspective to growing scrutiny of the returns on AI capital spending.

Sources

Reuters.