Anthropic seeks IPO as early as mid-November, plans to meet with potential investors on October 14.

High-quality in-depth analysis articles and a roundup of the week's top stories.

According to financial materials provided to investors cited by the Financial Times, as of the end of September 2026, OpenAI's annualized revenue run rate was close to $50 billion, significantly lower than the nearly $70 billion widely reported in the media at the end of September. The two figures differ by approximately $20 billion, a gap of nearly 29%.

The new security problem in the AI era is shifting from "preventing a single Agent from overstepping its authority" to "how to prevent a group of Agents from collectively breaching boundaries."

A company delivered the most profitable single-quarter results in its country's corporate history, yet its stock fell that day and has pulled back about 30% from its high six months earlier. Put these two facts together, and the question shifts from whether the earnings are good to what the market is actually pricing in.

Investors may be pricing in vastly different future returns for different assets.

US initial jobless claims for the week ending October 3 came in at 197,000, versus expectations of 200,000.

With yields standing above 5.3%, some long-term allocators (pension funds, insurance companies, sovereign wealth fund-type institutions) may be shifting from "avoiding the long end" to "disciplined allocation to the long end." Such funds have internal discipline regarding yield levels — if it's high enough, they allocate. But a single auction is not sufficient to confirm a trend — and it must be emphasized that what it validates is demand for the 10-year.

Once seemingly impregnable cryptography may be vulnerable simply because the human brain navigates the mathematical labyrinth too slowly.

AI data center growth is being constrained by power shortages, with an estimated net electricity gap of about 32GW still remaining in the US by 2028. Nvidia and Broadcom are relatively resilient, while second-tier suppliers in memory, optical modules, and power management face higher order and inventory risks.

On October 6, Bloomberg brought this matter to the forefront: Moonshot AI reportedly completed its final private funding round at a valuation of approximately $50 billion—a roughly fivefold increase from about $10 billion within a year; on the same day, Kuaishou pushed its most valuable AI asset, Kling AI, onto the IPO track.

Vitalik predicts that Ethereum transactions will become cheaper and more private, and that AI and on-chain applications will further converge.

BIS data shows that nearly half of AI internal investment amounts are accompanied by commercial supply relationships.

An evil person, at the very least, still possesses the capacity to exercise will and achieve their goals.

From digital pets to AI swarms: a community company run entirely by intelligent agents.

Built for the next generation, enabling users to hold funds, make payments conveniently, invest, and grow their wealth in smarter ways.