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Edition, Fri, 06 Nov 2026.

8 stories on the wire this day. Open any story for its sources. Summaries are written by software from the linked reporting and can be wrong. Spot an error? Email [email protected] and we will correct or remove it.

AI & Technology

Investors are pushing back on the valuation of what could be the largest IPO of all time.

1 source
Lead
this edition
Still developing
The enterprise software maker has started another round of global layoffs as its shares have lost 35% of their value in under two weeks.
After voters rebuked data center expansion in the midterms, OpenAI is making its builds more transparent.
A 30% price cut and 15-second video clips make generative video cheaper for more teams.
Microsoft offers buyouts to about 60,000 employees as it shrinks for the AI eraHeadcount fell year over year for the first time in a decade, and Satya Nadella frames the trade as fewer people, higher cost per head, and more GPU per researcher.The Verge
AI revenue target raised to $1.7 billion as ServiceNow leans into OpenAIEven as the stock had its worst day on record, the company lifted its AI ACV goal for a third time and launched an AI governance alliance with OpenAI, Nvidia, Anthropic, AWS, and Okta.24/7 Wall St.The Next Web
Apple posts a record iPhone quarter despite skipping a standard iPhonePro-only pricing and a September refresh lifted iPhone revenue 17 percent to $57.58 billion, even as rising memory costs squeeze the company.The Verge
Serval raises $150 million at a $3 billion valuation to take on ServiceNowSequoia leads a third round in 12 months for the AI-native ESM startup, which says one automaker moved off ServiceNow onto it in 45 days.Yahoo Finance
Binance reopens withdrawals after the $6.3 billion breachThree days after North Korean hackers stole a record $6.3 billion in crypto from its wallets, Binance has begun restoring customer access to its funds in phases.TechCrunch
McDermott: Sweep turns ServiceNow's CRM migrations from years into weeksServiceNow says its acquired Israeli startup lets large enterprises switch CRM systems in 30 to 60 days instead of multi-year rollouts.CTech
Mistral Large 4 uses 133 agents to triage, reproduce, and patch a real Django vulnerabilityMistral AI demonstrated its new open-weight model running a full end-to-end security workflow on a freshly patched CVE, deploying 133 specialized agents to map code, locate the flaw, simulate attacks, reproduce the issue, and generate a fix.Crypto Briefing
Data centers are losing the political battleAfter the midterms, new Democratic majorities hold the levers to put the AI buildout on pause.TechCrunchMIT Technology Review
Open-source ITSM add-ons are everywhere and nowhereA new analysis argues the Znuny, OTOBO, and Zammad plugin catalog is not missing, it is scattered.ITSM.tools

AI & Technology

AI & Technology
US users can now chat face to face with their personalized AI avatar.
2 sources
AI & Technology
Musk says the freed-up factory space will go to building more robotaxis.
1 source

ServiceNow & ITSM

ServiceNow & ITSM
Days before its stock plunged 27%, the board approved roughly $127 million in restricted stock awards for its senior leaders.
1 source
ServiceNow & ITSM
The stock sits near $109, a level that has historically marked the start of strong bounces.
1 source
AI & Technology

Anthropic's $1.5 trillion IPO is wobbling

Investors are pushing back on the valuation of what could be the largest IPO of all time.

Investors are pushing back on the valuation of what could be the largest IPO of all time.

According to a Wall Street Journal report, Anthropic is facing resistance from prospective investors over its proposed $1.5 trillion valuation, after a sharp selloff in US technology stocks this week reportedly erased $2.5 trillion from the Nasdaq Composite. One prospective investor suggested a valuation closer to $1 trillion, and another proposed cutting the fundraising target from the reported up-to-$100 billion to around $80 billion.

Anthropic has reportedly targeted a listing before Thanksgiving and held $146.6 billion in cash as of Sept 30, with one investor hoping the balance would exceed $200 billion after the listing. Reuters separately reported uncertainty over whether the planned investor roadshow can begin during the week starting Nov 9. The caution reflects a broader reassessment of AI valuations: rival OpenAI reportedly secured about $11 billion against an initial $30 billion target at a $1.25 trillion valuation, below its earlier $1.4 trillion mark.

1 source
Free Press Journal
AI & Technology

OpenAI drops NDAs for data center projects

After voters rebuked data center expansion in the midterms, OpenAI is making its builds more transparent.

After voters rebuked data center expansion in the midterms, OpenAI is making its builds more transparent.

Following this week's midterm elections, in which voters resoundingly voiced opposition to data center expansion, OpenAI announced new commitments for the communities where it is building data centers. The company said it will no longer use non-disclosure agreements with public officials, keeping only "narrow protections covering legitimate security information, trade secrets, or proprietary or competitively sensitive information."

The additional commitments include paying "the full cost" of the electricity OpenAI uses and the "infrastructure needed to serve us," publishing the jobs its projects are expected to create, and reporting on hiring. Every future "compute campus," the company's rebranding term for data centers, will carry a "local compact" that reflects local priorities. Amazon made a similar NDA commitment with government agencies in October.

1 source
The Verge
AI & Technology

Google DeepMind ships Gemini Omni 1.2 Flash

A 30% price cut and 15-second video clips make generative video cheaper for more teams.

A 30% price cut and 15-second video clips make generative video cheaper for more teams.

Gemini Omni 1.2 Flash is now generally available across the Gemini API and Gemini for business, with pricing down 30% from Gemini Omni 1.1 to $0.07 per second for 720p video. The model natively generates and edits clips of up to 15 seconds, up from 10 seconds with its predecessor, with durations settable in one-second increments from 3 to 15 seconds.

The release also adds multi-turn conversational editing, so creators can swap products, backgrounds, lighting, or aspect ratios on the same clip instead of re-generating from scratch. DeepMind says the model holds character, object, and scene consistency more closely from first to last frame, with less visual drift across motion and camera transitions, and notes improved lip-sync and more natural multi-speaker dialogue. Outputs carry an imperceptible SynthID watermark, and 15-second clips are available at no additional cost in Google Vids.

1 source
Google DeepMind
AI & Technology

Meta's Muse can now take video calls

US users can now chat face to face with their personalized AI avatar.

US users can now chat face to face with their personalized AI avatar.

Meta says Muse Voice, which lets users call or video chat with its consumer AI agent Muse, is now available to everyone in the US on mobile, web, and Mac. The experience is powered by new Muse Realtime Avatar and Muse Realtime Voice models that drive a customizable animated avatar, nicknamed Jolly, which users can shape to look like a person, animal, or other character and that responds with subtle expressions and gestures matching the tone of the conversation.

Users can pick from hundreds of voices to give Muse a distinct personality, from a New Yorker's energy to a pirate's flair. The feature, first previewed at Meta's Connect developer conference in September, comes ahead of Meta's planned launch of a Tamagotchi-like Muse Charm wearable before year-end, and voice conversations with Muse are coming to AI Glasses as well.

2 sources
TechCrunch
Meta Newsroom
AI & Technology

Tesla will stop making the Cybertruck in 2027

Musk says the freed-up factory space will go to building more robotaxis.

Musk says the freed-up factory space will go to building more robotaxis.

Elon Musk said on X that Tesla will wind down the steel-clad pickup in 2027 and use the factory space to build more two-seater Cybercab robotaxis. The decision caps a run of underwhelming sales: the truck has sold just tens of thousands of units total over three years, against the roughly 250,000 per year Musk predicted when the first deliveries began in late 2023.

The move is the latest in Tesla's push to become an AI- and robotics-focused company. The firm has spent the last two months putting Cybercabs on the streets in Austin with no major incidents, and plans to expand the operation to Dallas later this month. The Cybertruck is the third product Tesla has discontinued for these ambitions, after ending Model S and Model X production earlier this year to make Optimus humanoid robots.

1 source
TechCrunch
ServiceNow & ITSM

ServiceNow trims headcount again across the UK, US and India

The enterprise software maker has started another round of global layoffs as its shares have lost 35% of their value in under two weeks.

The enterprise software maker has started another round of global layoffs as its shares have lost 35% of their value in under two weeks.

ServiceNow said it is "making necessary changes to how we are structured," driving efficiencies and "actively investing in and hiring for AI-focused skills," without disclosing how many jobs are being cut. Its latest quarterly filing shows how large the effort already is: $87 million in employee severance and related costs in the third quarter, and $167 million in the first nine months of 2026, more than triple the $53 million a year earlier, with the program "expected to be substantially completed in 2026."

CEO Bill McDermott called the smaller workforce a "gorgeous situation," while CFO Gina Mastantuono said AI efficiency gains exceed $1 billion annualized, with sales operations headcount "down significantly" even as quota-carrying salespeople grew by double digits. The cuts land after the shares fell about 27% the day after Q3 results, when the company guided fourth-quarter constant-currency cRPO growth of 18.5%, below the 19.8% analysts had expected.

1 source
Calcalist
ServiceNow & ITSM

ServiceNow locks in its executives with $127 million in retention awards

Days before its stock plunged 27%, the board approved roughly $127 million in restricted stock awards for its senior leaders.

Days before its stock plunged 27%, the board approved roughly $127 million in restricted stock awards for its senior leaders.

The compensation committee approved the grants on October 26, two days before the Q3 report. CEO Bill McDermott's award carries a target value of $50 million, followed by Amit Zavery, president, chief product officer and COO, at $25 million; Paul Fipps, president of global customer operations, at $22.5 million; CFO Gina Mastantuono at $17.75 million; and Jacqueline Canney, chief people and AI enablement officer, at $11.3 million. Each award vests 25% in 2027, 35% in 2028 and 40% in 2029, and is forfeited if an executive leaves.

The filing says the grants "reflect the Board's desire to retain and incentivize our current senior leadership team during an exceptionally competitive period for enterprise technology talent," citing "significant industry transitions driven by AI innovation and heightened competition for top enterprise technology talent."

1 source
Calcalist
ServiceNow & ITSM

ServiceNow shares back at a key support level after a 35% slide

The stock sits near $109, a level that has historically marked the start of strong bounces.

The stock sits near $109, a level that has historically marked the start of strong bounces.

Shares have lost 40.6% over the past year, against an 11.9% gain for the S&P 500, with the sharpest single-day drop of 27% coming on October 29, the day after Q3 results. At $109.16, the stock has returned to a level it tested three times since 2023, and the July 2026 visit preceded a run to $138.43 by late August. The business is growing slightly below its historical pace, with revenue up 21.8% over the twelve months to September 30 against a three-year average of 22.1%, and the trailing operating margin down to 9.7% from 13.9%.

Management nonetheless raised its target for annual contract value from AI to $1.7 billion by the end of 2026, up from $1.5 billion set in May, with EmployeeWorks reaching $100 million of ACV in under three quarters and Asset Management crossing $1 billion. The stock trades at 7.3 times sales, close to its lowest quarter-end multiple since 2016, which bulls point to as room for a rebound.

1 source
Yahoo Finance
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