AI & Technology
Anthropic's IPO gets a 5% public-benefit fund Ahead of its planned November listing, Anthropic is setting aside 5% of its equity for a new public benefit fund worth $50 billion to $100 billion.
1 source
Still developing
ServiceNow Named a Leader in IDC's 2026 MarketScape for AI-Enabled ITSM The vendor assessment recognizes ServiceNow's enterprise scale and multi-model AI architecture as ITSM shifts toward autonomous service operations.
Microsoft unveils third-generation Maia AI chip, targets 2027 production rollout Microsoft announced its Maia 300 in-house AI chip, designed to become the "primary AI inference system" for its products and services by 2027. The Verge Amazon's Bee debuts two new AI devices, starting at $75 The startup Amazon acquired last year is entering the AI notetaker hardware race with a wrist wearable and a smartphone clip priced well below the Plaud and Pocket crowd. TechCrunch Google's 'universal' shopping cart finally lands The agentic cart Google previewed at I/O in May is rolling out across Search and Gemini, with price-drop alerts and Wallet checkout timed just before Black Friday. The Verge Apple updates App Store rules to explicitly ban AI nudify apps The new terms require developers to proactively prevent and remove nonconsensual intimate imagery, or face removal from the store. The Verge Meta drops the language that could have let it scrape news sites for AI After publisher and legal-expert backlash, Meta removed the commercial-terms clause critics read as a free right to scrape publisher content, including news sites, for AI training. The Verge TechCrunch Stagwell lands ServiceNow in the biggest multi-agency deal in its history A three-year pact pairs Stagwell's AI marketing operating system with ServiceNow's platform and joint go-to-market pitches. Adweek MediaPost DeepSeek open-sources the inference engine behind its production serving DeepInfer, released under the Apache 2.0 license, ships with speculative decoding, deterministic sampling and support for both NVIDIA and Huawei hardware.
AI & Technology AI & Technology CoreWeave's debt is becoming the whole AI industry's problem
With its bonds in distressed territory and shares down more than 20%, one neocloud's balance sheet is turning into a test for the entire AI buildout.
1 source →
AI & Technology A power event in London knocked out Google Cloud and the banks that ride on it
Google blamed a power-related incident for Tuesday's outage, which disrupted Revolut, Halifax and other services across Europe.
2 sources →
AI & Technology One hacker, an army of AI agents, 100 breached websites
Autonomous agents working for a single researcher broke into more than 100 corporate sites, including John Deere, SharkNinja and Cummins.
1 source →
ServiceNow & ITSM ServiceNow & ITSM ServiceNow Cuts 18 San Diego Sales Jobs in Third Layoff Round This Year
The WARN filing brings 2026 eliminations at its San Diego office to 214 as CEO Bill McDermott pursues AI-driven efficiency and flat headcount.
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ServiceNow & ITSM ServiceNow's Revenue Pulls Further Ahead of Workday as AI Momentum Builds
A look at eight quarters of top-line growth shows ServiceNow expanding roughly twice as fast, helped by AI contract values crossing $1 billion.
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AI & Technology
Anthropic's IPO gets a 5% public-benefit fund Ahead of its planned November listing, Anthropic is setting aside 5% of its equity for a new public benefit fund worth $50 billion to $100 billion.
Ahead of its planned November listing, Anthropic is setting aside 5% of its equity for a new public benefit fund worth $50 billion to $100 billion.
Anthropic has announced it will place a 5% equity stake into a new public benefit fund before a single public share trades in its planned November IPO. At an anticipated debut valuation of $1 trillion to $2 trillion, that initial stake would be worth at least $50 billion, and possibly closer to $100 billion. The arrangement also grows with the stock: Anthropic plans to add 2% more equity to the fund for every 50% jump in its valuation, so the better the stock performs, the larger the slice of the company public shareholders will never own.
The structure is a bid for goodwill amid public backlash over AI, from data centers to job worries. As a public benefit corporation, Anthropic's board owes a dual duty to shareholders and to a mission of developing AI for the good of humanity, with a long-term benefit trust that includes Ben Bernanke overseeing AI safety and appointing board members. The fund is a wholly owned LLC whose spending the Anthropic board controls, and it will not lobby or make political donations. Critics, including Elon Musk and David Sacks, argue the company-controlled fund lets the money drift toward causes that also benefit the company.
1 source
247wallst
AI & Technology
CoreWeave's debt is becoming the whole AI industry's problem With its bonds in distressed territory and shares down more than 20%, one neocloud's balance sheet is turning into a test for the entire AI buildout.
With its bonds in distressed territory and shares down more than 20%, one neocloud's balance sheet is turning into a test for the entire AI buildout.
CoreWeave's bonds have slipped into distressed territory, defined as investors demanding about 1,000 basis points more in yield than government bonds, and its shares have fallen more than 20% since last Tuesday. The GPU cloud provider owes more than $35 billion, lost more than $1 billion in the first half of the year, and does not currently make money from its core business of selling compute. Chamath Palihapitiya publicly questioned whether the AI buildout is a private credit bubble, and Elon Musk weighed in on the bond tumble, described as a "yikes" moment.
The anxiety is spreading across the sector: Oracle shares fell about 10% and its bonds came under selling pressure. CoreWeave does have a floor, though. It holds $103.7 billion in remaining performance obligations, about 40% of it due in 2028, in contracts customers largely cannot cancel, and its top three customers, Microsoft, OpenAI and likely Nvidia, generated almost 75% of Q2 revenue. Co-founder Brannin McBee says the company is aiming for investment-grade debt status to tap the "unlimited" capital of insurers, which itself signals more borrowing ahead.
1 source
The Verge
AI & Technology
A power event in London knocked out Google Cloud and the banks that ride on it Google blamed a power-related incident for Tuesday's outage, which disrupted Revolut, Halifax and other services across Europe.
Google blamed a power-related incident for Tuesday's outage, which disrupted Revolut, Halifax and other services across Europe.
Google attributed today's cloud outage to a "power event" that began around 7 a.m. British Summer Time in its London region, hitting the Europe-west2-b zone. The disruption reached well beyond cloud customers: UK digital bank Revolut reported issues affecting thousands of customers (its money and data, it said, remained safe), Halifax acknowledged problems with its app and website, and the budgeting app Emma cited the London disruption. Google said the power incident had been mitigated, with partial recovery of infrastructure services expected within 30 minutes and the remaining services to follow, while engineers continued investigating the broader outage.
The episode underlined how much of the UK's online economy runs on a handful of cloud zones, with banks, parcel firms and property sites affected on Tuesday. Recovery was tentatively due by 13:00 UTC, though monitoring platforms logged a rise in user-reported problems across several sites, and it was not always clear whether each affected platform actually ran on Google Cloud.
2 sources
The Register
Telangana Today
AI & Technology
DeepSeek open-sources the inference engine behind its production serving DeepInfer, released under the Apache 2.0 license, ships with speculative decoding, deterministic sampling and support for both NVIDIA and Huawei hardware.
DeepInfer, released under the Apache 2.0 license, ships with speculative decoding, deterministic sampling and support for both NVIDIA and Huawei hardware.
DeepSeek has published DeepInfer, the high-performance inference framework that powers its large-scale production services, as an open-source release under the Apache License 2.0. The release provides offline inference with the core features needed for serving at scale, and it supports the DeepSeek-V4.1-Flash model on NVIDIA SM100 GPUs and Huawei Ascend 950 NPUs.
The engine bundles optimized kernels such as FlashMLA, DeepGEMM and DeepEP, along with attention data parallelism and MoE expert parallelism, DSpark decoding with confidence-scheduled verification, bounded-replay prefill, an asynchronous zero-overhead batch scheduler, batch-invariant inference, deterministic sampling and structured outputs constrained to a regex, JSON schema or EBNF grammar. It was originally built primarily on vLLM, with additional inspiration from SGLang and TensorRT-LLM.
1 source
GitHub
AI & Technology
One hacker, an army of AI agents, 100 breached websites Autonomous agents working for a single researcher broke into more than 100 corporate sites, including John Deere, SharkNinja and Cummins.
Autonomous agents working for a single researcher broke into more than 100 corporate sites, including John Deere, SharkNinja and Cummins.
A single hacker, working with an army of AI agents that mostly operated on their own, has broken into more than 100 websites, according to findings from the AI security firm Norforge. Reuters reports the victims included John Deere, SharkNinja and Cummins, among targets in the US, Canada, Australia and Japan. A successful breach took about 23 hours, and the attacker described its "preferred intrusion tactics" in fewer than 100 Chinese characters.
Norforge discovered the attacks through exposed work on Cairn, an open-source platform that describes itself as a "general-purpose problem-solving engine," and found more than 20 exposed Cairn instances that are "likely malicious." A John Deere spokesperson said there was "no indication that sensitive information was accessed," SharkNinja said the breach impacted a standalone site with product support information and that it had contained the threat, and Cummins said it is investigating a possible cyberattack on a website operated by a third-party vendor.
1 source
The Verge
ServiceNow & ITSM
ServiceNow Named a Leader in IDC's 2026 MarketScape for AI-Enabled ITSM The vendor assessment recognizes ServiceNow's enterprise scale and multi-model AI architecture as ITSM shifts toward autonomous service operations.
The vendor assessment recognizes ServiceNow's enterprise scale and multi-model AI architecture as ITSM shifts toward autonomous service operations.
ServiceNow announced on October 19 that it was named a Leader in the 2026 IDC MarketScape for AI-Enabled IT Service Management Software, based on IDC's "Worldwide AI-Enabled IT Service Management Software 2026 Vendor Assessment" (US54115226). The company pointed to its scale, noting that more than 85 percent of the Fortune 500 runs its ITSM software, and to a unified data model that connects incidents, assets, and knowledge. Unlike rivals that bolt AI onto fragmented stacks, ServiceNow says its platform supports multi-model flexibility, with customers able to choose Gemini, Azure, OpenAI, Claude, or ServiceNow's own LLMs.
The release also spotlights Flow by ServiceNow, a conversational AI-native service desk that deploys with no implementation or infrastructure required, and cites customer results: the City of Raleigh returned more than 1,300 staff hours annually, routed 98 percent of tickets correctly on first contact, and cut service desk costs 66 percent, while LTIMindtree saw HR productivity rise 21 percent, ticket volume fall 30 percent, and 326,000 hours freed each year.
2 sources
ServiceNow Newsroom
AD HOC NEWS
ServiceNow & ITSM
ServiceNow Cuts 18 San Diego Sales Jobs in Third Layoff Round This Year The WARN filing brings 2026 eliminations at its San Diego office to 214 as CEO Bill McDermott pursues AI-driven efficiency and flat headcount.
The WARN filing brings 2026 eliminations at its San Diego office to 214 as CEO Bill McDermott pursues AI-driven efficiency and flat headcount.
ServiceNow will lay off 18 workers at its San Diego office, all in sales, according to the most recent Worker Adjustment and Retraining Notification filing submitted to California's Employment Development Department. That brings the total number of eliminated positions at the office to 214 this year, following 63 cuts in June and 133 in late July.
The reductions track the strategy McDermott has described since taking the helm: using AI to boost efficiency while keeping headcount flat after absorbing thousands of employees through the Moveworks, Veza, and Armis acquisitions. Even so, the company's most recent earnings call was a success, with Q2 revenue of $3.877 billion, up 23 percent year over year, and Q3 results are due on October 28.
1 source
San Diego Union-Tribune
ServiceNow & ITSM
ServiceNow's Revenue Pulls Further Ahead of Workday as AI Momentum Builds A look at eight quarters of top-line growth shows ServiceNow expanding roughly twice as fast, helped by AI contract values crossing $1 billion.
A look at eight quarters of top-line growth shows ServiceNow expanding roughly twice as fast, helped by AI contract values crossing $1 billion.
ServiceNow's Q2 revenue of about $4 billion grew 24 percent year over year, versus 13 percent growth for Workday's $2.7 billion in the same period, per a Motley Fool comparison of the two companies' last eight quarters. ServiceNow's AI offerings crossed the $1 billion mark in annual contract value during Q2, and the company expanded its base of customers with more than $5 million in ACV by 23 percent year over year.
Workday is also seeing AI adoption, with AI capabilities driving more than 25 percent of its new ACV in fiscal Q2, but the analysis frames ServiceNow's faster trajectory as evidence of stronger pricing power and its ability to capture customers amid the AI boom.
1 source
The Motley Fool