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9to5Google reports that Google's changes to the school search experience require schools to actively opt in to Gemini, Gemini Notebook, Gemini in Classroom, and AI Overviews; Google's rationale is that search and AI are now deeply integrated, so turning off one means turning off the other. Former FTC Chair Lina Khan criticized Google on X for using its search monopoly to force schools to adopt AI. The article also notes that the AI boom has driven up component prices, and some low-income school

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The UK National Cyber Security Centre (NCSC) said in its annual assessment that from now until 2028, AI-driven malware is "likely" to be used in ransomware attacks targeting the UK's critical national infrastructure. The NCSC said AI can help attackers reconnaissance targets, find weaknesses in IT networks and write malicious code, and warned that Russia and China will "routinize" the use of AI in cyberattacks. NCSC Chief Executive Richard Horne will warn in a speech that the number of cyber inc

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Anthropic filed its S-1 on October 26, planning to list on Nasdaq under the ticker ANT with a valuation of $1.5 trillion to $2 trillion; if completed, it would surpass SpaceX to become the largest IPO in history. The prospectus shows revenue of $16.286 billion in the first half of 2026, up nearly 13-fold year on year, with about 80% of revenue coming from enterprise APIs and nearly 12,000 customers each spending more than $100,000 annually. The company has signed long-term compute contracts wort

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Alphabet's third-quarter earnings fell short of expectations across the board, with search and other revenue up 12% year over year to about $63 billion, missing expectations for a second consecutive quarter, while search query volume growth was the highest in five years. Search revenue growth slowed from 19% in the first quarter to 17% in the second quarter and then to 12% this quarter, with the company citing exchange rates as the biggest factor. The stock fell about 13% on Thursday after the e

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Microsoft lowered its annual capital expenditure forecast from $175 billion to $170 billion, while Alphabet maintained its guidance of $195 billion to $205 billion; the spending figures for both companies came in below analyst expectations. Microsoft CFO Amy Hood said that third-party GPU suppliers have experienced delays, and some available compute capacity will be pushed back to the first half of 2027; Alphabet CFO Anat Ashkenazi said that external compute capacity only came online at the end

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TechCrunch reports that Anthropic's IPO will give public shareholders almost no say over board membership. Its long-term benefit trust holds Class T shares, which can elect and remove a majority of directors, and its members include Ben Bernanke; the 7 co-founders jointly hold another class of shares, with most of them controlling 50.1% of shareholder voting rights and 3 board seats. The board's nominating committee can block the trust's choice of 1 designated director or removal without cause,

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Cohere has completed its Series-E funding, targeting a size of up to CAD 7 billion (about EUR 4.7 billion), at a valuation of about CAD 35.7 billion (about EUR 23.9 billion), led by Schwarz Group, the parent company of Lidl and Kaufland, with participation from existing investors including the Canadian government and Nvidia. Cohere had previously merged with Heidelberg-based Aleph Alpha—in effect, Cohere acquired the latter—and Heidelberg continues to serve as a research and development base. Co

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