The briefing · updated Saturday 31 October 2026 · the 6 stories that matter
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Industry
OpenAI launches GPT-6.1 Terra, a faster, cheaper medium-sized model
The upgrade is available now in ChatGPT Work, Codex and the API, with OpenAI citing a 50% price cut.
Why it mattersAvailable now in ChatGPT Work, Codex and the API
Industry
Meta plans $95 billion share sales to fund AI
Nvidia, AMD and Broadcom have expressed interest in buying up to $5 billion of the shares, but Meta says those expressions are not binding.
Why it mattersMeta plans up to $95 billion from share sales.
Industry
Anthropic files for Nasdaq IPO, reveals $80.7 billion first-half loss
The filing sets no price or share count, and a listing is expected around mid-November.
Why it mattersListing planned on Nasdaq under the symbol ANT
Mistral AI
Mistral releases weights for trillion-parameter ML4 model
Mistral is pitching the open-weight model at sovereign cyber defence and agentic coding, citing its own benchmark claims.
Why it mattersMistral Large 4 has one trillion parameters and open weights.
Nvidia
US probed Megaspeed executive as possible Chinese spy
A New York Times report, relayed by TechCrunch, says intelligence agencies watched Alice Huang for about a year; Nvidia denies the claim.
Why it mattersAnonymous sources say U.S. intelligence surveilled Alice Huang for a year
Google
Google expands AI Search ads globally as Search growth slows
Ads in AI Mode go global for the first time as Search revenue growth falls to 12% and Alphabet shares drop 8%.
Why it mattersAI Mode ads go global for the first time
Wednesday 28 October 2026
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Tuesday 20 October 2026
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