The Next Web (1 hour ago)
Mistral’s chief executive, Arthur Mensch, has warned that Europe will get “leftovers” if it stops building frontier AI models. Apps built on American or Chinese models would also give Europe a “big trade balance problem”, he said on 20 October.
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Goldman Sachs is putting $500M into the next phase of its 10,000 Small Businesses programme, including a new AI institute built with Anthropic, Google, Meta and OpenAI. At the launch, its chief executive said there is very little that needs the frontier models those partners build.
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Sam Altman says patching software flaws one by one will no longer keep up with AI-driven attacks. The OpenAI chief executive spoke to students at Stanford Graduate School of Business last week. Defenders will need a new kind of shield, he said, built with the same AI.
Meta launched two share offerings worth about $35bn on Monday, as it looks for new ways to pay for its growing spending on AI. The larger offering is $22.5bn of Class A common stock sold through forward sale agreements.
Verizon raised its forecasts for 2026 on Monday after a strong quarter for new phone customers. It also announced a deal worth more than $2bn with Amazon Web Services (AWS) to support AI workloads.
San Francisco startup Colare has launched with $2.5M in pre-seed funding from Afore Capital, Garage Capital and Acadian Ventures. It tests hardware engineering candidates with simulations of real tasks, aiming to save senior engineers’ interview time. Half its clients are in aerospace and defence.
The centrist parties behind Ursula von der Leyen split in the European Parliament on Thursday. The question was whether AI companies should answer for harm their models cause. Socialist and Green MEPs called for a new AI liability act. The centre-right said Europe needs less regulation, not more.
PHP has warned of a third flaw that could let an attacker run code on a web server, two days after its emergency fixes for the PHP2Shell bugs. This time it will not rush out a fix.
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