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Edge AI Daily Morning Brief (November 1): Meta free cash flow turns negative, OpenAI lowers funding target, Anthropic files for IPO

The November 1 Edge AI Daily morning brief roundup: Meta's third-quarter capital expenditure of $34.91 billion exceeded its $32.79 billion in operating cash flow, and free cash flow turned negative for the first time, to -$2.1 billion; S&P lowered its outlook on Meta's AA- long-term issuer rating to negative. OpenAI lowered its funding target twice within two weeks, from raising $30 billion at a $1.4 trillion valuation to raising about $20 billion at a $1.25 trillion valuation. Anthropic submitted IPO prospectus documents to the SEC, disclosing nearly $900 billion in off-balance-sheet future obligations.

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