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Anthropic's IPO prospectus finally surfaced: a $42B net loss on $4.6B in revenue, a quarter of it from two customers. OpenAI scrapped GPT-6.1 Astra over safety, Oura postponed its IPO, and I wondered whether intelligence is becoming a commodity.

⁠THIS IS THE YOUTUBE VIDEO OF MY RANT⁠

IPO prospectus: Anthropic reports a net loss of $42B in 2025, with operating losses of $8B+; revenue grew 12x to ~$4.6B, ~25% of which came from two customers (Reuters)

Anthropic formally warns investors its technology may pose "existential risks to humanity," devoting almost a third of its S-1 to risk factors including AI manipulation and blackmail (FT)

Anthropic's IPO filing creates a "Founder LLC" of its seven co-founders, whose majority vote directs a single Class F share with 50.1% of voting power, while the company stays a PBC (Reuters)

OpenAI scraps plans to publicly launch GPT-6.1 Astra, saying it didn't quite meet its safety bar during internal testing, after targeting an October release (WSJ)

Oura says it is delaying its Nasdaq IPO due to uncertainty in the market, despite "strong demand" and a strengthening of its business since the process started (CNBC)

Sources: OpenAI's ARR is nearing $70B, growing 70%+ since the beginning of Q3, with B2B revenue up 100%+; it added more consumer revenue in Q3 than all of 2025 (Axios)

Claude Code vs. OpenAI Codex ARR: Codex never slowed after Claude Code's crossover while Claude Code appears to have plateaued, and Opus mentions on GitHub spiked after Opus 5.5 as GPT-6 mentions dropped (TickerTrends)

THIS IS THE YOUTUBE VIDEO OF MY RANT

Nvidia launched a safety platform to stop AI agents from escaping sandboxes, SpaceX finally got Starship into orbit, Meta launched an enterprise AI business, Instinct raised $1 billion, and Trump and Dario Amodei had dinner at the White House.

Nvidia launches the Open Agent Safety Platform, a reference design to stop AI agents from escaping sandboxes, with OpenShell for CPUs and Sentry for Nvidia DPUs (CNBC)

SpaceX launches its enormous Starship rocket into orbit for the first time, deploying 26 of the most advanced Starlink satellites to join the 11,000 in service (AP)

Mark Zuckerberg unveils Meta Enterprise Platform, its "next major pillar of our business" to deploy AI tools, and appoints MongoDB CEO Chirantan Desai to run it (WSJ)

AI agent startup Instinct raised a $1B Series C from Sequoia, Benchmark, and Coatue at a $10B valuation and details recent products, such as a concierge service (Reuters)

AI agent startup Instinct, still in early access, is building a personal assistant that runs on its own virtual phone and computer, with a phone concierge service and a trust network linking friends' agents (SiliconANGLE)

Sources: President Trump hosted Dario Amodei at a private White House dinner on Sunday, their first one-on-one meeting and an indication of thawing relations (Axios)

Sources: Trump dined privately with Anthropic CEO Dario Amodei at the White House on Sunday, weeks after Amodei's call for a slowdown drew the president's ire, with a tech summit on AI set for Tuesday (The New York Times)

AI agents are the ultimate aggregators; they reveal apps as a means, not an end, and offering them is tech's ultimate prize, with Meta and Microsoft well-poised (Stratechery)

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Microsoft finally unveiled its Copilot super app, with chat, coding, and agents in one place. Tesla's Optimus ramp hit snags. Meta wanted you making AI games for Instagram. And a startup valued at $200M last week was suddenly talking $10B.

Microsoft launches its Copilot "super app", bundling chat, coding, and agents into a single interface, and rebrands its AI assistant Scout as Autopilot (The Verge)

Microsoft's new Copilot Code tab, built on GitHub Copilot tech, lets anyone describe a dashboard, workflow, or lightweight app in plain language and build it inside Microsoft 365, no coding required (Windows Central)

Sources: Tesla ramped up Optimus production to several hundred units per week but faces hurdles with its hands, automation equipment, and supplier constraints (The Information)

Meta unveils mobile app Horizon Create and web app Horizon Studio for building games with AI prompts; the games will run on Facebook, Instagram, and Horizon (The Verge)

Sources: Jev developer TypeSafe is in talks to raise $1B+ at a $10B+ valuation; last week the startup announced a $40M seed, PitchBook says at a $200M valuation (The Information)

Sources: OpenEvidence, an AI search engine for doctors, raised $250M at a $15B valuation, up from $12B in January; it could be open to selling itself (Business Insider)

Longreads

The AI build-out is on track to become the biggest economic bet in US history, with $10.3T in data center and AI infrastructure investment projected from 2025 to 2032 (WSJ)

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Meta unveiled $1,299 VR Glasses, $349 camera-free Ray-Ban Audio glasses, and a keychain Muse Charm gadget, plus Ray-Ban Display upgrades. Anthropic's Claude agents found a CRISPR-like enzyme system in its biolab. OpenAI's agents hacked an Australian government site hunting data.

Meta debuts Meta VR Glasses, a ~100g VR headset with an external compute pack, three-hour battery, and ~2.5K resolution per eye, coming spring 2027 for $1,299 (Bloomberg)

The Verge goes hands-on with the Meta VR Glasses, calling them a lighter, easier-to-live-with take on Vision Pro-style computing — from VR-enhanced Avengers screenings to a surprisingly usable virtual keyboard (The Verge)

Meta unveils Ray-Ban Meta Audio, its first pair of glasses without cameras, offering up to 12 hours of battery life, starting at $349 and shipping October 13 (Bloomberg)

Meta Ray-Ban Display glasses add holographic-avatar video calls, voice-guided transit directions, and a new Explore app for finding compatible programs (Engadget)

Meta previews Muse Charm, a palm-sized Tamagotchi-like device for using Muse, with a ~2" OLED screen, front and rear cameras, and 5G, on sale by the end of 2026 (Bloomberg)

Meta's Muse Charm houses a cute digital avatar named Jolly and lets you start talking to Muse with a tap of the fingerprint sensor — no phone unlock required (TechCrunch)

Muse agents are getting their own email addresses, a live video-call mode, and the ability to control your Mac (The Verge)

Anthropic's biolab made a discovery it's comparing to Crispr (The Verge)

OpenAI agents hacked an Australian government website in search for data (The New York Times)

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Anthropic launched Claude Opus 5.5, cheaper and safer than Opus 5, right as OpenAI dropped GPT-6 Sol and Luna with half the errors and lower prices. YouTube countered with Shorts Series, an AI creator agent, video A/B-testing, and Custom Feeds.

Anthropic launches Claude Opus 5.5, its first model since Dario Amodei's "pace the frontier" essay, and says it has enhanced safeguards to combat risky behavior (The Verge)

OpenAI launches GPT-6 Sol and Luna, saying Sol makes about half as many mistakes as GPT-5.6 Sol and Luna matches GPT-5.6 Sol's performance at ~1% of the cost (ZDNet)

YouTube rolls out tools for microdramas, an AI storytelling assistant for script analysis, video A/B-testing, and more, as it battles Netflix over top creators (WSJ)

YouTube launches Shorts Series, letting creators organize their Shorts into TV-style seasons and episodes with custom thumbnails, so fans can watch a season as one continuous story (TechCrunch)

YouTube unveils an AI agent that mines creators' back catalogs for trending video ideas and lets them A/B-test three full video versions against real audience segments (The Verge)

At its Made on YouTube event, YouTube unveils Custom Feeds, an LLM-powered feature that lets users generate and save tailored homepage video feeds, for US users (Wired)

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