Nscale Files for a U.S. IPO After a $1.02 Billion First-Half Loss
The British AI cloud, which seeks a valuation of up to $35 billion, has about 85% of its backlog tied to two customers.
Netflix to Lay Off About 1,000 Employees, or 6% of Its Workforce
The October 14 cuts hit product, technology, legal and HR; Netflix’s memo did not cite AI.
OpenAI Fires Employee Accused of Planting a Recording Device in an Executive Conference Room
The FBI arrested the Saudi national, according to CNBC’s October 13 report.
Dell Falls 11% After Barclays Downgrade on ‘Enterprise AI Timing’
The analysts said strong enterprise revenue reflects higher memory costs more than new AI demand.
CoreWeave Bond Yields Near 15% as Investors Sour on AI Debt
The neocloud’s shares fell about 15.5% on October 14 and credit default swaps moved to distressed levels.
FTC Sends Civil Subpoenas to OpenAI and Anthropic Over Safety Incidents
Axios reports the demands run more than 50 pages each, and the agency plans to compel executives to testify.
Eight States Sue OpenAI Over ChatGPT’s Effects on Children
Attorneys general in Iowa, Kansas, Nebraska, West Virginia, Arkansas, Arizona, Idaho and Montana filed separate suits on October 14.
Apple and Meta Team Up to Run Muse Spark Open on Mac Computers
The October 15 announcement pairs Meta’s open-weight model with Apple silicon and two to four Mac Studios.
Google Makes Gemini 4 Argon Broadly Available, With Introductory Pricing Ending November 30
The flagship model opened to paying customers on October 13 after two weeks of restricted access.
Anthropic Reportedly Tells Investors Q3 Revenue Hit $16.8 Billion, Up About 45%
The figure, reported by the Financial Times, comes ahead of an IPO widely expected in November, and analysts flagged open questions.