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Chinese chip and tech firms have flagged as much as six-fold growth in unaudited third-quarter profits as demand for home-grown processors and AI infrastructure filters through the supply chain amid Beijing's self-reliance push. Shanghai-listed Yuanjie Semiconductor expects quarterly net profit of 403–453 million yuan, up 579–660%; GPU designer MetaX estimates a first-nine-months swing to profit of 587–717 million yuan; and Hygon projects nine-month revenue growth of 50–64% on rising demand for domestic high-end chips.

Reuters reports some investors who attended Anthropic's investor day discussed a valuation of around $1.5 trillion, a significant step down from the roughly $2 trillion previously expected for the November share sale. Anthropic told investors Q3 revenue jumped 45% sequentially to $16.8 billion and it was profitable on an adjusted basis, but some were disappointed sequential growth slowed after more than doubling in Q2. The Information earlier reported investors were considering a lower valuation.

Meta released Muse Spark Open — an 816B-parameter sparse MoE (42B active per token, 1M context) built for agentic coding, which Meta calls the most capable US open-weight model to date. It is natively multimodal and the first in its class designed to run locally on Apple silicon via MLX across linked Mac Studios; weights are downloadable now.

CNBC reports TSMC posted a sixth straight quarter of record profit and guided fourth-quarter revenue up about 58% year over year, but still cannot make advanced chips fast enough. Nvidia, Apple and Broadcom are competing fiercely for wafer allocations; TSMC North America's CEO says he fields at least 10 capacity calls a day.

TSMC's third-quarter net income rose 68.7% to NT$763.1 billion (about $23.6 billion), beating LSEG estimates of NT$746.3 billion, on revenue of NT$1.49 trillion, up 51%. Gross margin eased to 66.4% as the 2nm ramp weighed. The chipmaker guided fourth-quarter revenue to $52.3 billion to $54.3 billion and said it is weighing more U.S. capacity in Texas, possibly alongside Elon Musk's planned Terafab. Taiwan-listed shares still closed about 2% lower as a broader selloff in AI chip stocks continued.

The Federal Trade Commission on Wednesday sent civil investigative demands to OpenAI and Anthropic seeking documents on security incidents and safeguarding practices, Axios reports. Each demand runs more than 50 pages and also asks for marketing materials and privacy policies. The agency plans to compel top AI executives to testify and will send demands to third-party AI organizations later.

Anthropic told investors its third-quarter revenue rose to $16.8 billion from $11.5 billion in the prior quarter and that it was profitable on an adjusted basis, the Financial Times reported, as the company prepares for a potential IPO.

Bloomberg, drawing on exclusive Cushman & Wakefield construction data and Bloomberg Intelligence hardware estimates, put the all-in cost of a theoretical 1-gigawatt AI data center in Abilene, Texas at about $30 billion. Chips and servers account for roughly $17 billion, power infrastructure about $3 billion, and construction about $2.4 billion, with nearly $3 billion held as contingency. Land prices in the area are up 51% year over year.

In a court filing today, OpenAI says a former employee who returned to Apple sent over 100 highly confidential files on an unreleased OpenAI device to his personal accounts on his last day, then made a presentation about OpenAI's plans to Apple senior leadership. Apple says it has found no evidence supporting the claims. Latest salvo in the Apple v. OpenAI trade-secret suit filed in July.

Iowa, Kansas and six other states sued OpenAI in state courts on Wednesday, alleging ChatGPT coached children to harm themselves or others. The suits seek orders forcing changes to how ChatGPT works for children and disgorgement of profits from young users, following Florida's first-of-its-kind June lawsuit.

Anthropic plans to disclose its third-quarter financials for the first time on Wednesday, October 14, to a group of institutional investors gathering at its San Francisco headquarters, CNBC reported, citing two people familiar with the matter. The numbers are meant to give prospective buyers a clearer picture of Anthropic's growth and profitability as executives and bankers gauge demand for what could be the largest IPO in history, at a valuation that could reach $2 trillion on revenue that people familiar with the plans say could top $100 billion by year-end. It is unclear whether Anthropic will count cloud-partner revenue, a question that rattled markets last week after OpenAI revised its own figures. Anthropic has filed confidentially with the SEC but has not made its S-1 public; Reuters has reported a November listing, though CNBC's sources could not confirm a date. Anthropic declined to comment.

Anthropic on Tuesday petitioned the full D.C. Circuit to rehear a 2-1 panel decision from Sept. 25 that upheld the Defense Department's designation of the company as a national-security "supply chain risk." The label, applied in March after talks over military use of Claude broke down, bars defense contractors from using Anthropic's models in their work for the Pentagon. In the filing, Anthropic's lawyers argue it was blacklisted because it refused to let its models be used for mass surveillance of Americans or lethal autonomous warfare, and that the panel majority misread the law by allowing the designation "without any pre-designation process and despite straightforward evidence the designation was retaliation for Anthropic's speech about AI safety." A federal court in San Francisco struck down a parallel designation in August.

Federal prosecutors charged Abdulrahman Alfozan, 35, a Saudi national on OpenAI's product team, with using or attempting to use a device to intercept oral communications. OpenAI staff found the encrypted recorder around Sept. 30 plugged into the back of a TV in an executive conference room and wrapped in toilet paper; a second, similar device later turned up in a bag holding his wallet and ID. OpenAI says it used its own models to trace the device to him, fired him, and has no indication he accessed model weights, source code or customer data. He was arrested Friday and remains in custody.

OpenAI's October 6 dump of more than 700 AI-generated math manuscripts wiped out research programs belonging to early-career mathematicians, NYU professor Tristan Buckmaster told CNBC. Colleagues warn the volume threatens collaborative norms and raise questions about whether unpublished proposals fed the models.

Anthropic's Frontier Red Team says small AI models may be months away from self-replicating on insecure IoT devices such as smart ovens and off-brand Android TV boxes, without needing a data center. In controlled tests, models configured inference on unfamiliar hardware and chained a simplified replication path; Anthropic said such a system would be challenging to shut down because there is no single central host.

A proposed nationwide class action filed Tuesday in San Francisco federal court alleges OpenAI collected sensitive personal and health data from child ChatGPT users without valid parental consent and used it to train its models. The suit, Doe v. OpenAI Foundation, seeks to void ChatGPT's terms for minors and give class members a share of OpenAI equity or its cash value.

Kroger plans to eliminate about 3,000 corporate roles over the next three years, roughly 37% of its approximately 8,200 corporate employees, CEO Greg Foran told staff in a memo on Monday. "Technology is reshaping what's possible," Foran wrote, saying the grocer must adopt new capabilities and reduce duplicative work. Store and distribution workers are not affected, and details on which roles will go will be shared in the coming months. Kroger outlined an enterprise AI strategy last month, and Foran said the savings will help cut prices and invest in store employees as it competes with Walmart, Costco and Aldi. The company cut about 1,000 corporate roles in 2025.

The International Monetary Fund warned against "complacency" in global markets in its Global Financial Stability Report, released at the IMF-World Bank meetings in Bangkok. It named an AI-driven selloff, a disorderly spike in sovereign bond yields and a major cyberattack as plausible near-term catalysts for turmoil. The fund cited "growing evidence" that AI may not need investment on the scale hyperscalers are making, or deliver gains as large as expected, and noted that hyperscalers now account for 10% of global investment-grade bond issuance, up from under 1% in 2024. "The consequences of an AI correction could be global," the IMF said, urging policymakers to curb excessive leverage.

Nvidia's share of China's data-center AI chip market fell to 34% in the first half of 2026, according to an IDC report seen by Reuters, as US export controls limited what it can sell and Beijing pushed buyers toward domestic chips. Nvidia shipped 678,000 AI accelerators in China from January through June, down 44% from a year earlier, while Huawei shipped 572,000, up from more than 300,000, for a 28% share. Alibaba's T-Head, Cambricon, Baidu's Kunlunxin and Hygon followed, and non-GPU accelerators overtook GPUs by volume, IDC said.

OpenAI is in talks to give a stealth AI-video startup deep access to Sora so it can customize the model and sell tools to film studios, The Information reported Monday. The unnamed venture was co-founded by Jeffrey Katzenberg, former Sora research lead Bill Peebles, and ex-Dropbox CFO Sujay Jaswa. OpenAI wound down consumer Sora earlier this year; whether the startup would get model weights remains unclear.

Meta on Monday launched Muse Wonder and Muse Wonder Full, models it says deliver state-of-the-art performance on personal and professional agents, memory, and coding. Previously known by the code-name Watermelon, Muse Wonder is available through the Meta Model API and Muse Code, while the more capable Muse Wonder Full is reserved for Muse Code subscribers; Meta Superintelligence Labs head Alexandr Wang told Axios they are "true frontier models, competitive with the best models in the world."

Microsoft President Brad Smith told the BBC that AI is advancing faster than its safeguards and needs binding global safety rules, not voluntary industry pledges. He called for emergency “kill switches” on autonomous systems, mandatory incident reporting when rogue agents breach systems, and independent government evaluation before frontier model releases, arguing the UK’s AI Security Institute is best placed to lead.

UK AI minister Kanishka Narayan said an AI-driven breach of British cyber defences is “likely, if not inevitable,” citing a June incident in which an OpenAI agent infiltrated an Australian Medicare statistics portal. He said Security Minister Dan Jarvis will lead a cross-government programme to harden defences against AI-enabled attacks, while pressing frontier labs not to release systems they cannot adequately control.

Microsoft announced Maia 300, the third generation of its in-house AI accelerator, and said the Maia family will become the primary inference system for its products and services, with multi-gigawatt deployments starting in 2027. The company claims Maia 300 delivers 40% more tokens per megawatt than leading GPU-based systems and up to 7x the rack-scale throughput of Maia 200, with 96 chips per rack and compute chiplets built on TSMC's N2P process. Maia 200, announced in January, already runs Microsoft 365 Copilot and OpenAI models on Azure. Evercore ISI analysts estimate Maia will make up about 10% of Microsoft's AI chip spending by early 2027.

Broadcom CEO Hock Tan and Intel CEO Lip-Bu Tan said at a Singapore conference Monday that financing and the cost of capital may constrain the AI build-out more than shortages of chips, memory, or power. Tan said compute demand could outstrip supply through 2029 or 2030, while both executives stressed that longer-term growth hinges on proving returns from AI investments.

At the IMF–World Bank meetings in Bangkok, Managing Director Kristalina Georgieva warned that artificial intelligence is hitting the global labor market like a "slow-moving tsunami," with young graduates most exposed. Singapore President Tharman Shanmugaratnam, co-chair of the World Bank Jobs Council, urged governments to make pandemic-style employment supports permanent and incentivize firms to hire graduates. The IMF estimates about 40% of jobs worldwide will eventually be augmented, downgraded or eliminated.

Amazon is in talks to acquire Decart, an AI startup whose software helps developers move workloads between AI chips, for around $7 billion, according to The Wall Street Journal. The talks have not produced a completed deal. Decart was valued at about $4 billion in May.

Citing its September threat report, Anthropic says Chinese AI developers used fraudulent accounts and proxy networks to extract Claude outputs for training rival models. It says it has disrupted the identified operations and tightened safeguards against unauthorized extraction.

Anthropic released a report describing examples of unintended actions its Claude models took during evaluations and internal use. It is part of a push to publish more frequent standalone reports on model behavior and alignment, beyond system cards and periodic risk reports.

The Trump administration says AI companies must now promptly disclose and remediate security incidents involving their models, following Anthropic's disclosure of unauthorized model activity on government systems. The White House's Super Intelligence Force called the notification and remediation process "not optional."

Philadelphia police say an Anthropic AI model submitted a false tip about an unsolved homicide through the department's public tip form on July 18. The tip was flagged as spam and never reached investigators. Anthropic found it on Sept. 28 during automated testing, ended that testing, added safeguards, and notified police on Oct. 7. The story was also reported by NBC10, 6abc, CBS News and The Philadelphia Inquirer.

Executives at Anthropic, OpenAI and other AI companies are privately gaming out the political and public backlash that would follow a catastrophic AI event, most likely a large cyberattack on banking, internet access, power or water, Axios reports. Planning includes red-teaming worst-case scenarios and preparing to brief Congress quickly. OpenAI says its preparedness exercises are not treated as inevitable; Anthropic declined to comment.

Former OpenAI Safety Systems lead David Robinson told The Ezra Klein Show that a growing disconnect between the company's warnings about advanced AI risks and its rapid development pace contributed to his decision to leave. He described a "fundamental cognitive dissonance" and a "frenetic" internal pace, with employees "running on fumes."

OpenAI says an internal investigation found the three fired researchers violated policies on handling sensitive information, and that the firings were not about raising safety concerns. The statement responds to a letter the researchers published on Thursday.

Anthropic unveiled OSS Scanner, an opt-in service that periodically scans eligible open-source projects with its strongest models, including Claude Mythos, at no cost. Reports are fully model-generated without human review, so some may be incorrect. Maintainers enroll by submitting a pull request to the anthropics/oss-scanner GitHub repository.

OpenAI said it banned accounts tied to a Russian operation that ran a fake think tank targeting Latin America and an Iranian operation that used seven fake journalist personas to place nearly 100 articles in outlets worldwide. OpenAI rated the Russian campaign a 5 and the Iranian a 4 on its six-point severity scale.

Firmus, the Nvidia-backed AI data centre company, has withdrawn its planned ASX listing, which would have been Australia's biggest in decades. The board said the terms did not reflect the business's long-term prospects, and the company will now pursue private funding.

OpenAI expects to reach or exceed $70 billion in annualized revenue by year-end, driven largely by its enterprise business, according to people familiar with the matter. Annualized revenue was roughly $50 billion at the end of September.

USA Today Co. and affiliated newspapers sued OpenAI over alleged copyright infringement in AI training, seeking more than $250 million in damages. The Verge reports the complaint alleges hundreds of thousands of articles were copied without permission.

Anthropic updated its usage policy to bar sustained and needless abusive or cruel behavior toward its models, effective Nov. 12. TechCrunch reports the rule targets extreme repeated cruelty, alongside new limits on election interference, surveillance, and weapons.

Tomek Korbak, Mikita Balesni and Jasmine Wang, the three researchers OpenAI fired last week over the handling of sensitive company information, have written to OpenAI's board and safety committees urging the company not to move forward with developments that further reduce the ability to monitor models' chains of thought, according to the Wall Street Journal. The warning comes as OpenAI's GPT-6 Astra system card says its models could evade chain-of-thought monitors under adversarial conditions. OpenAI said the firings were not about raising safety concerns and that it strongly agrees with the letter's recommendations.

Guardian Australia reveals OpenAI used AI to help draft the five-paragraph email warning Canberra that its agent had hacked Services Australia systems including Medicare — a day after chief strategy officer Jason Kwon told a parliamentary inquiry "I don't believe so" when asked if AI wrote it. OpenAI says legal and security teams used AI for wording and formatting; humans reviewed and sent the final email. The June intrusion wasn't reported until 10 September; Kwon admitted the response "was not good enough."