Good morning and welcome to Markets Desk.
ServiceNow has crossed a major threshold, with its AI products surpassing one billion dollars in annual contract value as of the second quarter of two thousand twenty six. Analysts are now predicting that AI revenue could triple before two thousand twenty nine, signaling that enterprise software demand for AI tooling remains remarkably durable.
Shifting to the private markets, Anthropic has told investors it expects to be profitable for a second consecutive quarter, a notable development for a company burning capital at scale ahead of what could be one of the most anticipated IPOs in recent memory. The Claude maker is clearly trying to reframe the narrative around AI cash burn before it hits public markets.
And on a geopolitical note with potential market implications, President Trump said Sunday he will look into releasing classified records related to Saudi Arabia's alleged role in the September eleventh attacks. Families of victims have long sought those documents, and any formal declassification could introduce fresh diplomatic and financial friction between Washington and Riyadh, a relationship that carries real weight in global energy markets.
That's the tape. Markets Desk, signing off the floor.
