Tuesday 27 October 2026
Top stories today:
Anthropic files for Nasdaq IPO, targets ~$100B raise at up to $2T
Microsoft offers buyouts to ~60K workers in new cost-cutting push
OpenAIās GPT-6.1 Terra debuts with faster computer use
NVIDIA, Meta expand Muse partnership with more chip deployments
iPhone Duo inner display issue acknowledged by Apple
0. Data & Calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations)
1. Anthropic files for Nasdaq IPO, said to target ~$100B raise at up to $2T valuation
Week of Nov. 16: Anthropic is reportedly aiming to go public.
$482M in CAPEX in H1, with infrastructure entirely outsourced and $782B in lease obligations.
~250 customers spend $10M+ annually, 1.9K+ spend $1M+, and 11.9K+ spend $100K+.
āAI is one of the most consequential technologies in human history,ā Anthropicās co-founders wrote in the companyās S-1 filing.
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3. Microsoft offers buyouts to ~60K workers, including VPs, in new cost-cutting push
Microsoft has shed tens of thousands of workers through multiple rounds of layoffs in recent years:
223K was Microsoftās headcount at the end of Jun.
Employees in the US, Canada, India, and the UK will be eligible for the buyouts, a Microsoft spokesperson said.
Xbox, Windows, Copilot, and finance are among the divisions fully participating in the offer.
A standard severance package equivalent will be offered to workers accepting the buyouts, the company said.
Microsoft shares closed +2% following the announcement.
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5. OpenAIās GPT-6.1 Terra debuts with faster computer use, improved writing
GPT-6.1 Terra has surpassed Grok 4.7 and MiMo-V2.6-Pro on the Artificial Analysis Intelligence Index:
Costs $1/$5 per 1M input/output tokens, vs. GPT-5.6 Terraās $2/$12, Grok 4.7ās $2/$6, and MiMo-V2.6-Proās $0.435/$0.87.
50-point drop in hallucination rate compared with GPT-5.6 Terra on AA-Omniscience.
Separately, OpenAI claims 3 breakthroughs in computer science, math, and physics, including disproving the longstanding Exponential Time Hypothesis.
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7. NVIDIA, Meta expand Muse partnership with more chip deployments, $3B investment
Meta plans to deploy more NVIDIA Vera Rubin and Vera CPUs for AI agents under the expanded partnership.
Mon.: Meta announced plans to raise up to $95B, including ~$35B through public offerings.
AMD and Broadcom will back the public equity offerings alongside NVIDIA.
