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Financial Times ·

OpenAI slashes funding target by $10bn as tech anxieties mount

The ChatGPT maker is seeking funding at a $1.25 trillion valuation, according to the Financial Times. Bloomberg, citing the FT, says a selloff in AI stocks and rival Anthropic's impending public listing are complicating OpenAI's efforts to secure commitments from investors as it scales back its fundraising ambitions.

TechCrunch ·

Anthropic expected to receive high ‘junk’ rating from credit agencies following IPO, FT report says

Blackstone says Anthropic is expected to receive a rating near the top of the junk category after its initial public offering, according to the Financial Times. The assessment marks a change from earlier guidance and would leave the AI company short of an investment-grade rating.

The Verge ·

Sam Altman sympathizes with mathematicians, but says OpenAI’s math onslaught won’t stop

The OpenAI CEO said he wants to approach the work with sensitivity toward communities that have advanced their fields, according to Business Insider.

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Proton’s CEO Cancels AI ‘Re-Interviews’ 1 source covering Proton’s CEO Cancels AI ‘Re-Interviews’

The move came after 404 Media published an investigation into how Proton CEO Andy Yen was aggressively pushing AI across Proton despite security concerns and the culture of fear he has created.

404 Media ·
The Betting Coup That Rocked London’s Bookmakers Goes Unsolved

Lisa Lazarus, the top cop in US horse racing, woke up one morning this summer to find a flurry of missed overseas calls and e-mails.

Bloomberg ·
OpenAI’s Altman Meets Samsung Executives as Chip Crunch Deepens

OpenAI Chief Executive Officer Sam Altman met with Samsung Group’s top executives in South Korea on Saturday to deepen cooperation on memory chips and AI infrastructure as global shortages intensify.

Bloomberg ·
Can battery swapping and energy storage power CATL’s next phase of growth?

Contemporary Amperex Technology Ltd (CATL) has doubled down on new businesses including battery swapping and energy storage as the world’s largest battery maker seeks new growth drivers amid intensifying price wars and mounting pressure on profitability.

South China Morning Post ·
Is this the first clear evidence of AI’s impact on the labour market?

Productivity is up and employment is down in the tech sector but elsewhere the picture is muddier

Financial Times ·
As AI cyber risks grow, Chinese chip expert urges shared ethics standards with US rivals

The co-founder of Chinese chip giant Cambricon Technologies urged the introduction of universal ethical requirements for leading Chinese and American artificial intelligence models on Friday to mitigate growing risks to society.

South China Morning Post ·
Exclusive details about Akai’s MPC Sample Key

Akai teased its new MPC Sample Key on Instagram earlier this week, and said it plans to open-source its software so the modding community can hack it to their hearts' delight.

The Verge ·
Project Suncatcher’s Orbiting TPU Delivers Its First AI-Generated Haiku 2 sources covering Project Suncatcher’s Orbiting TPU Delivers Its First AI-Generated Haiku

Google described the Project Suncatcher prototype’s response as its first AI output from a data-center-class Tensor Processing Unit in orbit.

Unite.AI ·
'Pluribus' Season 2 Reportedly Starts Production Today 2 sources covering 'Pluribus' Season 2 Reportedly Starts Production Today

Production is scheduled to begin October 31 in New Mexico, according to 9to5Mac.

MacRumors ·
AI companies say their models are the best. Here's how to tell if that's true

Benchmarks have become the industry's favorite way to compare AI systems, but public scores can be misleading.

CTech ·
Amazon Taps $80 Billion Supplier Loan Facility to Help Fund AI 4 sources covering Amazon Taps $80 Billion Supplier Loan Facility to Help Fund AI

The supplier financing arrangements allow borrowing against purchased hardware, helping preserve financial flexibility as Amazon spends on AI infrastructure, according to Bloomberg.

Bloomberg ·
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.

TechCrunch ·