Brought to you by:

Hey, welcome to today's Bay Area Times daily newsletter. If you haven't yet already, follow us on Twitter and on Threads!

Top stories today:
1. Microsoft signs 10-year CoD deal with Sony as August UK approval likely
2. xAI promoted by Elon as being worth $20B, spending $800M on GPUs
3. Twitter: only 17% of usage comes from U.S., platform remains unprofitable
4. China grows at 0.8% QoQ, 6.3% YoY in Q2

0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 close (4 PM ET / 1 PM PT).

All times are ET.

1. Microsoft signs 10-year Call of Duty deal with Sony as UK suggests August approval

Twitter: Phil Spencer.

Microsoft signs 10-year Call of Duty deal with Sony as UK suggests August approval

0. Data and calendar

1. Microsoft signs 10-year Call of Duty deal with Sony as UK suggests August approval

Keep reading

Anthropic files for Nasdaq IPO, said to target ~$100B raise at up to $2T valuation

iPhone Duo tops foldable repairability, but hinge issue may crack screens

OpenAI said to near up to $30B round at $1.25T pre-money valuation, led by UAE investors, Coatue

Meta Q3 revenue +26% YoY to $64.6B, vs. $63.3B est., net income +264%

Microsoft signs 10-year Call of Duty deal with Sony as UK suggests August approval

0. Data and calendar

1. Microsoft signs 10-year Call of Duty deal with Sony as UK suggests August approval

Subscribe to keep reading

Keep reading

Anthropic files for Nasdaq IPO, said to target ~$100B raise at up to $2T valuation

iPhone Duo tops foldable repairability, but hinge issue may crack screens

OpenAI said to near up to $30B round at $1.25T pre-money valuation, led by UAE investors, Coatue

Meta Q3 revenue +26% YoY to $64.6B, vs. $63.3B est., net income +264%