OpenAI Cuts Funding Round by $10 Billion to $20 Billion Amid AI Selloff
OpenAI trimmed its latest raise to about $20 billion at a $1.25 trillion valuation, down from $30 billion a month earlier, as AI stocks fell and some investors pulled back. Alphabet shed a record $482 billion in market value in a single day, Microsoft offered 60,000 workers voluntary severance, and Anthropic drew a junk-rating outlook. The spending has not stopped; the market's confidence in its payoff has wavered.
Read full story →Tampered Claude Extension in Cursor Tried to Plant SSH Backdoor on 5,000 Developers
A malicious build of Anthropic's official Claude extension sat in Cursor's marketplace for about 11 hours on October 29, pushed through the editor's default auto-update, and tried to install a persistent SSH backdoor. It came through Anthropic's own verified account, and neither company has explained the breach or warned customers. A separate Wired report describes a contractor connecting personal Claude Code to a Department of Defense network for two months.
Read full story →79% of Americans Expect AI to Cut Jobs; the Mass Displacement Has Not Arrived
US employers cited AI in about 101,000 job-cut announcements in the first half of 2026, and 79 percent of Americans expect AI to shrink employment this decade. Yet Sam Altman now says he "thought there would have been more impact," and economists note AI-attributed cuts remain a minority of layoffs. Public fear is running well ahead of the measured effect on the labour market.
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