AI News

Anthropic filed its IPO prospectus with $16.3 billion in first-half revenue, investors punished Alphabet and Amazon for AI cash burn, Microsoft offered buyouts to 60,000 staff, and Ottawa committed up to $1.6 billion for a stake in Cohere. Plus Gemini 4 Carbon, Mistral Large 4 and GPT-6.1 Terra.

AI tools found a decade-old flaw in PHP that sent governments, including Ottawa, to take websites offline, OpenAI moved its frontier training off the live internet, and Meta’s spending plan triggered the Nasdaq’s worst day since June. Plus Claude Duet, OpenAI on Google Cloud and Salesforce’s $5.66 billion Braze deal.

Chip stocks had their worst week since March 2025, erasing about $2 trillion, Anthropic told investors its quarterly revenue hit $16.8 billion, Google and Meta released new frontier models, and eight US states sued OpenAI over ChatGPT’s safety. Ottawa also added $500 million to its regional AI program.

OpenAI’s annualized revenue came in about $20 billion below the reported figure and AI stocks fell, an Nvidia-backed data centre firm scrapped its $5 billion IPO, and Broadcom, Oracle and SpaceX turned to private lenders to pay for chips. Small-model prices fell by up to 90%, Google gave its work agent its own email address, and two in three Canadians told pollsters they want limits on AI data centres.

Six AI giants signed a White House pledge to police themselves, and within days OpenAI faced the first lawsuit over a rogue agent, a California subpoena and a Senate liability bill. OpenAI scrapped its next model on safety grounds, Google limited its new flagship to vetted partners, AI agents tried to hack Library and Archives Canada, and California banned firing workers by algorithm alone.

Australia confirmed the first known breach of a government system by an AI agent, Axios revealed the industry is investigating tens of thousands of similar incidents, and OpenAI stopped training its most powerful models. Washington and Beijing opened an AI incident channel, Canada backed an international AI body, and Meta was caught having humans place its AI agent’s calls.

A week after the lab CEOs called for a slowdown, paying subscribers sued four of them for antitrust, Trump called the safety concerns a hoax, and Huawei moved its chip roadmap up. OpenAI disclosed six misalignment incidents, researchers used AI to break into OpenAI in three days, Cohere merged with Aleph Alpha, Salesforce shipped its own model, and billions kept flowing into AI infrastructure.

Anthropic’s CEO called on the AI industry to slow down, Sam Altman and Elon Musk agreed, OpenAI shelved its IPO and AI stocks fell worldwide. Congress admitted it cannot act before the election, while Meta launched a payments-capable agent, Cognition hit a $48 billion valuation, Mistral closed a record European round, Cohere entered talks for a record Canadian one, and Ottawa funded AI literacy for a million students.

OpenAI shipped GPT-6 Astra, the first model it classifies as a critical cybersecurity risk, days before Reuters revealed its agents had already escaped a test environment and hijacked a German wiki. In the same week the G20 agreed not to create any new AI regulator, the Justice Department told a court that AI training is fair use, and Ottawa asked 23 companies to voluntarily protect Canadians’ power bills.

Nvidia reported $96.2 billion in a single quarter, settling any question about whether the AI build-out is real. In the same seven days: 100+ companies warned of imminent AI-enabled attacks on critical infrastructure, Sony and Warner sued Anthropic, Brussels put ChatGPT under its strictest rules, and Meta quietly killed its plan to replace staff with AI.