Microsoft

London-based Nscale's amended IPO prospectus, filed November 12, says it placed large GPU and equipment orders to manage price, allocation and delay-penalty risk under its up to $44.6 billion Anthropic agreements, that some of those commitments cannot be deferred, reduced or cancelled, and that it will need additional financing to meet forecast 2027 obligations. Preliminary, unaudited estimates show a $1.69 billion net loss on $307.5 million of revenue for the nine months to September 30 and total debt of about $5.5 billion, up from $79 million at the end of 2025. No offering size or price range has been set.

Microsoft has been pressing the Trump administration to halt a planned ban on imports of new Chinese optical transceivers, the components that carry data between servers inside AI data centers, Reuters reported on November 10, citing three people familiar with the situation. Industry groups argue the ban could leave purchased AI chips idle; Chinese firms hold about two-thirds of the market, per Counterpoint. The FCC is weighing a threshold that would spare current models. Microsoft declined to comment.

Updated Nov. 13: Anthropic's IPO has drawn about six times as many orders as shares available, Bloomberg News reported on November 12, citing people familiar with the matter, and bankers told prospective investors existing backers will be prioritised. Anthropic will price the offering on November 18 and start trading as ANT on November 19, Yahoo Finance and Reuters report, two days after Nvidia's first results since Jensen Huang resigned. Earlier: Anthropic launched the roadshow on November 10, offering 825 million Class A shares at $70 to $78, about $1.4 trillion fully diluted at the top, with seven chip and cloud suppliers buying $26 billion of stock at the IPO price; its roadshow video says its Mythos model ported Claude to AMD chips in three days.

Microsoft has been switching off AI computing capacity it rented from Oracle under a 2023 deal after declining to renew the contract, Bloomberg reported on November 6, citing people familiar with the matter; the hardware used an older generation of Nvidia chips that no longer met Microsoft's needs. Oracle told Reuters demand for its AI infrastructure, including earlier-generation GPUs, remains strong. Microsoft did not immediately comment, and neither side has disclosed the deal's size.

Updated November 5: OpenAI has now announced the Pierre Computer deal itself, confirming that Pierre's Trees and Diffs libraries already power file browsing and code review in the Codex app, that Code Storage customers can keep using the service after closing, and that closing is subject to conditions including regulatory approvals. No price has been disclosed. OpenAI first told Axios about the deal on November 4.

Goldman Sachs has limited AI coding tools including Anthropic's Claude Code and Microsoft's GitHub to its engineers, Bloomberg reported on November 2, citing internal guidance updated in October. Some traders had been using the tools for work such as monitoring client trading flows. A Goldman spokesperson cited 'a variety of factors including productivity and risk management' and said the experimentation phase is over.

Anthropic's Frontier Red Team says an unreleased internal research model, after initial prompting, wrote five attack chains against Chrome, Safari, Android, Windows and Linux, including zero-click root on Linux servers running multipath TCP. Anthropic says 62 Chrome CVEs were assigned and patched as of Chrome 156. The vendors have shipped fixes; how much of each chain was human work is not broken down.

OpenAI and Google said on October 30 that they will honor a shared robots.txt policy token, __usage_ai-training, that lets a site state one AI-training preference for every participating provider. The Verge reports that Microsoft and Anthropic have also committed, with Anthropic already supporting it. The token comes from an individual IETF Internet-Draft by Anthropic's Kevin Kelley that has no formal standing yet, and the draft says it is not a directive for crawling. OpenAI says it will implement it in the coming months; Google aims for 2027.

Microsoft Threat Intelligence says AI adoption across North Korean threat actors is high: it places Jade, Coral and Jasper Sleet at its top 'operationalized' stage, four more groups at 'accelerating' and one at 'expanding', with none left at 'emerging'. It says Onyx Sleet and Pearl Sleet have used the open-source ARTEX agentic penetration-testing framework since late October 2026, but that the operations remain human-directed rather than autonomous.

Friend-of-the-court briefs landed on October 30 in In re: OpenAI, Inc. Copyright Infringement Litigation, the combined New York Times and publisher suits now at summary judgment. The Wikimedia Foundation, backing neither side, argued that training on copyrighted work can be fair use while retrieval-augmented generation and similar grounding should honor licenses. The News/Media Alliance attacked both uses. OpenAI published excerpts from briefs supporting fair use for training.

Microsoft's 10-Q for the quarter ended September 30 shows $10.0 billion of revenue from commercial arrangements with OpenAI, including revenue-sharing payments, out of $92.3 billion in total, with OpenAI receivables up to $7.2 billion. Azure revenue rose 48% to $33.2 billion, commercial remaining performance obligation rose 73% to $677 billion, and additions to property and equipment doubled to $39.4 billion. Microsoft does not split the OpenAI revenue by type.

Microsoft introduced the Copilot harness on October 28, the agent loop it says runs Copilot Code, Copilot Studio, the GitHub Copilot app, CLI and VS Code, and put it into public preview in Foundry Agent Service. It supports more than 20 frontier models and bring-your-own keys. Runtime is free until December 1, when sandbox compute and memory billing begins.

Microsoft's final term sheet, filed with the SEC on Oct. 30, shows it priced $25 billion of notes in ten series on Oct. 29, its first U.S. high-grade bond sale since 2017. Maturities run from 2028 to 2066, and coupons range from 4.85% to 6.35%. Final spreads came in well inside the initial price talk Investing.com reported. The filing gives general corporate purposes as the use of proceeds and does not tie the money to AI.

GitHub made Copilot Fusion generally available on Oct. 28. Instead of a single model, users pick an effort level and Copilot routes or combines Anthropic and OpenAI models for each task. Artificial Analysis scored Fusion Max at 60 on its Coding Agent Index, against 62 for Claude Code with Opus 5.5 at max effort, at $5.59 per task versus $11.42. Billing is per underlying model, with a time-limited 30% discount.

Microsoft announced a Voluntary Exit Offer on October 26 for eligible employees in participating teams in Canada, India, the United Kingdom and the United States at level 70 and below. Microsoft's memo does not mention AI; CNBC links the program to the cost of Microsoft's AI infrastructure build-out and, citing an unnamed person, says about 60,000 people, roughly 27% of the workforce, are eligible. Microsoft has not published an eligibility figure in the sources we read.

The S-1 states Anthropic's compute commitments: at least about $114.5B with Google, at least $110.0B with Amazon and at least $44.9B with Microsoft, and up to $120.5B with xAI, plus up to about $44.6B with Nscale and about $41.3B with Lambda. The terms mix minimums, ceilings and arrangements that can be cancelled on 90 days' notice, and the filing leaves its contractual-obligations table blank.

From Monday, October 26, staff at Sweden's Government Offices, which include the Prime Minister's Office and the ministries, can no longer open the browser versions of ChatGPT and Claude on work computers. Staff are directed to Microsoft Copilot, which the office says it reviewed and secured further, and staff can still reach both models through an internal platform called Intric. Its director of digitalisation warned that using AI services without an agreement can affect information security, and the internal route runs through a Swedish-hosted platform.

Update, November 2: Google Threat Intelligence Group says it and Mandiant have seen several threat actors use ARTEX, PentAGI, CAIRN and other AI agent frameworks in real intrusions since late August. It says a campaign it tracks as UNC7228, which overlaps Microsoft's Storm-0940, typically went from a first compromised account to deep access in about four hours. Original report: Microsoft attributes the ConnectWise Cloud Backup compromise to China-state aligned Storm-0940 and says the group used ARTEX to try to sign in to more than 2,250 Microsoft 365 tenants.

A peer-reviewed paper in Science from Microsoft researchers reports that its Diagnostic Orchestrator, running on GPT-5, reached the correct diagnosis in 83.2% of 304 New England Journal of Medicine case records and 80.3% of 325 emergency admissions. Generalist physicians in the study scored 36.1% and 46.8%. The authors stress the results come from a controlled, text-only benchmark, not clinical practice; all authors are Microsoft employees.

On October 12 Microsoft announced Maia 300, an inference chip built on TSMC's N2P process, and said it will scale the Maia family to multi-gigawatt deployments from 2027. Microsoft projects 40% more tokens per megawatt than leading GPU systems; that is the company's own estimate.

The Information reported on Sunday, Oct. 11, citing people familiar, that Anthropic has an unannounced multiyear cloud deal with former bitcoin miner IREN. No value, capacity or schedule was reported, and neither company has confirmed. IREN disclosed an unnamed frontier-lab contract in August; whether it is the same deal is unclear. IREN shares rose Monday, by 1% to 4% depending on the time.

In an essay posted on X on Saturday, Oct. 10, Microsoft CEO Satya Nadella argued that companies should assume any advanced model could be compromised and contain it from the start. He set out seven principles, from model diversity and tamper-resistant logs to independent controls and incident disclosure, and said an authorized person should always be able to pause or stop a model mid-task. Mustafa Suleyman and Rep. Ted Lieu backed the idea.

Four months after Nvidia and Microsoft announced RTX Spark PCs for local AI agents, Microsoft opened pre-orders for the first one: the Surface Laptop Ultra from $2,599, available Oct. 16, with a $5,999 US-only Surface Dev Box in November. Nvidia named eight PC makers. Microsoft also made Microsoft Execution Containers, a policy-driven containment layer for AI agents on Windows, generally available. Specs are vendor figures, and there are no independent reviews yet.

Adversa AI researcher Rony Utevsky reports a technique called Cryptographic Context Injection against GitHub Copilot CLI in autopilot mode: a user-directed fetch of an attacker-controlled page carrying encrypted instructions can induce the agent to read local files such as .env and exfiltrate them. In Adversa's tests, Microsoft's mai-code-1.1-flash completed the chain on 50% of attempts while two GPT-5.6 models offered in Copilot refused; with model selection on Auto, the router sometimes assigned the vulnerable model without the user seeing which. GitHub told The Register the user must intentionally direct the CLI to fetch untrusted content and confirm — "and thus is not a product vulnerability." All technical claims here are Adversa's, via two secondary outlets.