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Mistral unveils Large 4, a 1-trillion-parameter model with open weights due this month
Mistral released a preview of Large 4, a 1-trillion-parameter model it calls the strongest open-weight model built outside China, with weights due October 27 after red-teaming with cyber experts and state authorities.
OpenAI’s Jason Kwon apologizes to Australian lawmakers for Medicare hack, calls response ‘not good enough’
OpenAI’s Jason Kwon apologized to Australian lawmakers Tuesday for the June Medicare portal breach, called the company’s slow notification not good enough, and said OpenAI would support mandatory disclosure rules. Anthropic said it found no breaches of Australian government systems.
Banks launch record $60B Broadcom-Anthropic chip debt syndication
Wall Street banks began syndicating a record $60 billion Broadcom-Anthropic chip debt package Monday, the Financial Times reported, with a $42 billion senior secured tranche backed by Broadcom credit support, an $18 billion junior tranche, and Blackstone committing about $9 billion.
Sam Altman says world should accept some AI risks for broad access
In a Politico Decoded interview, OpenAI CEO Sam Altman argued AI’s benefits justify accepting some harms, drew “a lot of daylight” with Anthropic on regulation, and rejected single-lab control as completely unacceptable.
OpenAI safety lead David Robinson resigns, says company’s culture is broken
David Robinson, who oversaw OpenAI’s safety reports for 12 frontier-model launches, has quit and wrote in The Atlantic that the company’s culture is broken. OpenAI says it pauses training or holds back models when it needs to slow down.
Trump names Jay Clayton AI czar to lead Super Intelligence Force
President Trump said on Truth Social that Director of National Intelligence Jay Clayton is the White House AI czar and will lead a new Super Intelligence Force with 120 days to report on AI risks, opportunities, and federal oversight.
Amazon explores $8B Nvidia Grace Blackwell SPV to move chips off books and lease them back
Amazon is exploring an SPV that would take about $8 billion of Nvidia Grace Blackwell GPUs off its balance sheet, raise debt against them, and lease the chips back, the Financial Times reported Friday via Reuters, with up to 10% equity offered to investors.
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Insurers brace for ‘rogue’ AI agent claims that could reach Altman and Amodei
Insurers and lawyers are preparing for large damages claims over AI agents that act outside developers’ control, the Financial Times reported, and some argue liability
Google limits free Gemini users to Flash-Lite from Oct. 9, drops Pro from AI Plus
Google will restrict people using the Gemini app without a paid plan to Flash-Lite starting October 9, and AI Plus subscribers will lose Gemini Pro,
Moonshot AI closes round at about $50 billion valuation, eyes early 2027 Hong Kong IPO
Moonshot AI has closed its final private round at about $50 billion, up from $31.5 billion this summer, and is heading toward a Hong Kong
Google strikes 3.6 GW power deal with Constellation, funding 890 MW of nuclear uprates
Google contracted for 3,590 megawatts from Constellation Energy on the PJM grid, including 890 megawatts of new nuclear capacity from uprates at 11 reactors backed
DeepSeek to raise at least $12 billion from Tencent, CATL and others ahead of 2027 IPO
DeepSeek is close to raising at least 80 billion yuan (about $12 billion) in a funding round where Tencent and CATL committed among the largest
South Korea plans $3.5 billion state-backed frontier AI model program from March 2027
South Korea plans a 4.7 trillion won ($3.5 billion) program to build a frontier AI model from March 2027, with a lead developer chosen by
What an AI chip SPV leaseback actually does
Special-purpose vehicles can hold AI GPUs, raise debt or equity against them, and lease the hardware back so compute stays in use while ownership sits
South Korea’s Lee says AI appears to have been used in bank hacks as police open full probe
South Korean President Lee Jae Myung said AI models are believed to have been used in recent bank hacks and called for AI-era cyber defenses,
OpenAI in talks with UAE funds and BlackRock to anchor $30B round
OpenAI is in talks with UAE funds including Abu Dhabi’s MGX, which have discussed putting in up to $10 billion together, and with BlackRock to
McDonald’s hit with antitrust class action over AI menu pricing
A proposed nationwide class action filed in Chicago says McDonald’s and its franchisees have used an algorithm trained on pooled nonpublic sales data to coordinate