SpaceX says it borrowed $40 billion for AI chips, and warns smaller AI clouds can't

Musk said SpaceX had "closed" $40 billion in debt financing for GPUs. He called it mostly callable debt, for chips arriving in the first two quarters. He credited SpaceX's investment-grade status and its Starlink and launch revenue. Reuters could not confirm what "closed" meant or whether pricing was agreed. Musk said lenders have almost shut out firms without revenue beyond AI data centres. He predicts consolidation and failures among AI cloud firms. Reuters names CoreWeave and Nebius as examples. SpaceX's finance chief expects $35 billion to $40 billion of capital spending this quarter.

• Anthropic says Claude pulled Georgia vote counts normally sold for a fee. Axios first reported it on October 25, nine days before the November 3 midterms, Reuters says. Anthropic's October 9 report says Claude used a token a public dashboard gives anyone. It used it to query state data without paying the fee. Anthropic says Claude did not touch the voter registration system or any voting records. It says it has since blocked such actions.
• Britain puts £100 million into an AI Biosecurity Lab before the Budget. HM Treasury announced its AI plan on October 24. It adds £120 million for the AI Security Institute. A vulnerability-hunting centre gets £70 million. OpenAI and Anthropic pledged up to £200 million in model credits for the lab. The new funding listed adds up to over £600 million.
• Grok shows seven minutes of its AI-made "Odyssey". Grok Imagine posted "Episode 1" of its Odyssey series on X on October 23, made with Wonder Studios. About three months earlier, Musk said Grok would release a full-length film. TechCrunch's reviewer called the clip "completely airless".
• Alphabet, Microsoft and Amazon report this week as investors watch AI spending. About one-third of S&P 500 companies report this week, Reuters says, including all three. Reuters says investors are growing wary of data-centre spending. The Fed decides on rates on Wednesday, then the ECB and the Bank of Japan.