Anthropic circulates draft frontier AI safety bill on Capitol Hill
Politico reported that Anthropic is circulating draft federal legislation that would let the Commerce Department seek a court order to halt a frontier model posing imminent risk of over $1B in damages or 50+ deaths or serious injuries, with 72-hour incident reporting.
Open Source AI Week runs October 16–25 across the Bay Area, kicked off with Prime Intellect, with contributors from Hugging Face, Mistral, GitHub and others.
Prospective IPO investors discuss ~$1.5T Anthropic valuation, down from ~$2T
Reuters reported that prospective backers discussed a roughly $1.5 trillion valuation for Anthropic's planned November share sale, down from about $2 trillion, after Q3 revenue growth slowed to 45% quarter on quarter. Figures come from anonymous sources and are not a completed valuation.
Google launches Universal Cart in the US across Search and the Gemini app
Google rolled out Universal Cart in the US, letting shoppers save items from multiple retailers in one cart and check out via its Universal Commerce Protocol in Search and the Gemini app. Partners include Ulta Beauty, Walmart, Wayfair, Newegg and select Shopify merchants.
Perplexity open-sources SPACE sandbox for AI agents
Perplexity released SPACE, its Firecracker-based VM sandbox for running AI agents, on GitHub under Apache 2.0. It reports ~60 ms median sandbox creation and no successful escapes in a September red-team exercise; CoreWeave, Akamai and Crusoe plan to offer it to customers.
Mercor publishes Nemotron 3.5 Super specialization results
Mercor, Harvey, Cognition and Ramp reported that small targeted datasets improved NVIDIA Nemotron 3.5 Super on held-out legal, software-engineering and accounting work.
FTC sends Anthropic civil investigative demand on AI safety and security
Axios reports the FTC sent Anthropic (and OpenAI) a 50-page civil investigative demand covering security incidents, safeguards, marketing and privacy; the probe cites an Anthropic model that submitted a false murder tip to Philadelphia police.
FTC sends OpenAI civil investigative demand on AI safety and security
Axios reports the FTC sent OpenAI (and Anthropic) a 50-page civil investigative demand covering security incidents, safeguards, marketing and privacy policies, as part of its consumer-safety probe into frontier AI labs.
Google signs multi-year AI content partnership with CNN
CNN signed a multi-year, paid partnership granting Google enhanced rights to CNN content to test experimental generative AI news features in Google products.
Mistral AI and CERN sign intent to build a Large Physics ModelAnnounced
Mistral AI and CERN signed a non-binding statement of intent for a long-term partnership on foundation models for science, starting with a Large Physics Model for collider physics trained on billions of simulated LHC proton-proton collisions.
Cohere signs letter of intent to acquire AISLEAnnounced
Cohere signed a letter of intent to acquire Prague-based AI security startup AISLE, whose autonomous scanners have found 500+ CVEs. AISLE CEO Ondrej Vlcek will lead a new Cohere Cyber unit, Jaya Baloo becomes Cohere's global CISO and Stanislav Fort leads AI security research. Terms were not disclosed; the deal has not closed.
GitHub makes AI Scan for pull requests and Agentic Autofix generally available
GitHub made AI Scan for pull requests generally available, adding AI-driven advisory security scanning for languages CodeQL does not cover, along with Agentic Autofix, which drafts fixes for code-scanning alerts in batches of up to 25. Both are billed through AI Credits.
Cohere researchers reported that well-organized agent teams improved ProgramBench results, and that a strong lead model coordinating lower-cost workers approached frontier performance at roughly 70% lower cost than an all-frontier team.
DeepSeek reportedly nears ~100B-yuan second funding roundRumored
Caijing, as reported by Seoul Economic Daily, says DeepSeek is close to completing a second round of about 100B yuan (~$14B), double the original 50B-yuan target, at roughly 500B yuan valuation. New investors reportedly include GigaDevice, SMIC and Geely; proceeds fund an Inner Mongolia data center with 160,000+ Huawei Ascend chips. Unconfirmed by the company.
Uday Ruddarraju to lead OpenAI compute and Stargate; Sachin Katti steps back
OpenAI named Uday Ruddarraju, formerly of xAI and most recently its CTO of Compute, to lead its infrastructure and compute businesses, including Stargate. He replaces Sachin Katti, who will stay on as an adviser. OpenAI now projects about $750B of compute spending through 2030, up from roughly $600B.
Reuters, citing two people at Anthropic's pre-IPO investor day, reported Q3 2026 revenue of $16.8B, up 45% from $11.6B in Q2. The company told investors it was profitable on an adjusted basis. Anthropic has not publicly confirmed the figures; its IPO is reportedly targeting a valuation above $2T.
Anthropic opens Singapore office and signs MOU with Singapore government
Anthropic opened its fifth Asia-Pacific office, in Singapore, and signed an MOU with the Ministry of Digital Development and Information. The MOU covers AI safety, security and evaluation, adoption research, and responsible public- and private-sector adoption. Anthropic says more than 1,500 GovTech Singapore staff use Claude Code.
Anthropic investor day to share Q3 financials ahead of IPOScheduled
Anthropic plans to share third-quarter financial updates with prospective institutional investors at an investor day in San Francisco on Oct 14, per CNBC and Bloomberg reports. Reports cite a potential IPO valuation of about $1.8–2 trillion; no IPO date or public S-1 yet.