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Blackstone Leads $1B Financing for Analogic and Leidos Merger

Blackstone Credit & Insurance (BX) is leading a $1B financing in support of the combination of Analogic Corporation with the Security Enterprise Solutions, Ports & Borders and Industrial Automation businesses of Leidos Holdings (LDOS). The combination creates a stronger global security imaging and detection company with broader capabilities, deeper customer relationships and greater scale to support customers across airports, ports, borders, critical infrastructure, and other mission-critical environments. The transaction closed earlier this month

OpenAI Annual Revenue Drops to $50B, Microsoft Stock Slips

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly.REVENUE:Several AI-linked stocks traded lower on Thursday after a Financial Timessaid OpenAI's annualized revenues were closer to $50B at the end of September, well below the $70B figure previously circulated. The report, based on financial documents shared with investors, noted that the earlier number stemmed from attempts to align OpenAI's metrics with Anthropic's, despite the companies calculating annualized revenue differently. Microsoft, a key investor in and partner to OpenAI, slipped following the update. Names tied to AI infrastructure and demand like Oracle, Nvidia, CoreWeaveand Cerebrasalso moved lower as investors reassessed growth expectations across the sector.AI CHIP PURCHASES:Broadcomrecently has been working to arrange over $50B in financing for OpenAI's custom AI semiconductor, which the firms are developing together, the Wall Street Journal's Anissa Gardizy, Matt Wirz, and Justin Baer, citing people familiar with the discussions. Apolloand Blackstoneare among the lenders Broadcom has spoken to about participating in the financing, though talks are early and the size of the deal could change, the authors say. Separately, Oracleis in discussions with Apollo and Goldman Sachsto arrange money for a major purchase of chips, while SpaceXhas spoken with lenders recently over a $40B chip financing for Nvidiachips, the authors note.COLLABORATION:Lisa Su, AMD'schairperson and chief executive officer, visited South Korea this week to discuss strengthening AI collaboration with semiconductor leaders from Samsungand SK Hynix, The Chosun Daily's Park Ji-min. She also held meetings with domestic AI semiconductor and software companies, and attended a gamer event, signaling efforts to expand AMD's footprint across the semiconductor supply chain in Korea. As competition with Nvidiain AI accelerators intensifies, this move is seen as AMD's push to expand memory collaboration with Samsung Electronics and SK Hynix, the author says.