TechCrunch Top 3

Anthropic expected to receive high 'junk' rating from credit agencies following IPO, FT report says: Blackstone's forecast is just a prediction, but naturally, a high junk rating would make it more difficult and costlier for Anthropic to raise the money to keep funding its massive spending that has undergirded its business. Read More

Google's first data center satellite is online and writing poetry: The first TPU in space is running a Google DeepMind Gemma 4 model and writing cheesy poetry. Read More

I took two iPhones on vacation. The Duo won me over.: The iPhone Duo has its frustrations, but it’s also fun and engaging enough that I didn’t want to switch back to my Pro Max. Read More

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Sunday Must-Reads

Apple CEO says the company doesn’t ‘want to ship AI for AI’s sake’: Apple's new CEO defended the company's current position in the AI landscape. Read More

Binance resumes withdrawals following $6.3 billion breach: The cryptocurrency exchange said it's now covered 95% of the stolen assets. Read More

4 days left: How TechCrunch Founder Summit helps you make more useful connections to scale: On November 4 at Boston’s SoWa Power Station, get ready for a full day packed with meaningful networking opportunities, actionable insights, and connections that could change the trajectory of your idea and startup. Register before all prices go up at the door. Read More

Here’s what 'renoa' — the first new fiber in 25 years — feels like: Startup Everbloom's new material, renoa, is the first new fiber in 25 years, and it feels very familiar. Read More

Pixel 11 Pro Fold: Sturdy rectangle in a wide wide world: Google made a sturdy phone, but there is increasing competition in the foldable world. Read More

Last but Not Least

Cracks are emerging in the AI spending boom: Big Tech is pouring billions into AI infrastructure, but mounting debt, negative cash flow, and growing investor skepticism are raising questions about the sustainability of the AI spending boom. Read More