31 October 2026

The paper as it was published that morning. Nothing here is edited afterwards and no date is rewritten.

Alphabet's worst day, and the bill behind it.

Four companies have promised to spend more than seven hundred billion dollars this year on the machinery behind AI. Last week the market looked at the receipts and flinched.

Business · by Edda Volkoff · 6 MIN READ

OpenAI raised a third. Of what it asked for.

The Wall Street Journal reports the company has raised about a third of its target, at a valuation below the one it wanted. Here is what that does and does not tell you.

Business · by Ines Marchetti-Vale · 4 MIN READ

Anthropic is rated junk. That is better than it sounds.

A small agency graded the company in June. It only came to light when the Financial Times read the paperwork — and the word does less work than you would think.

Business · by Sunil Aberquero · 5 MIN READ

Model, transformer, and the plumbing in between.

Three words get used as though they named the same thing. They are three different layers, and once you can tell them apart most AI news becomes readable.

Models · by Cassian Merrow · 6 MIN READ

What a neural network actually learns.

It is not a brain and nothing inside it understands anything. It is a very large pile of numbers that gets nudged, over and over, until it stops being wrong so often.

Research · by Petra Oyelaran · 6 MIN READ