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Unitree Technology and Sequoia China Establish Shanyu·Innovation Program, Entering Early-Stage Investment in Embodied Intelligence
Unitree Technology announced on October 28 the joint establishment of the Shanyu·Innovation Program with Sequoia China, focusing on investment in embodied intelligence, robotics applications, and upstream and downstream core technologies, and proposed five principles: understanding technology and industry, discovering early, deciding quickly, valuing people, and not causing disruption. Unitree's previously launched Yuchuang Program received more than 200 projects in just over a month, and the company hopes to incubate more than 200 ecosystem enterprises over the next five years. Financial results disclosed the same day show that revenue for the first three quarters was 1.817 billion yuan, up 55.71% year on year; net profit attributable to shareholders was 387 million yuan, up 270.54% year on year; and net profit for the third quarter alone was 113 million yuan, down 17.37% year on year.
Unitree Technology announced on October 28 the joint establishment of the Shanyu·Innovation Program with Sequoia China, focusing on investment in embodied intelligence, robotics applications, and upstream and downstream core technologies, and proposed five principles: understanding technology and industry, discovering early, deciding quickly, valuing people, and not causing disruption. Unitree's previously launched Yuchuang Program received more than 200 projects in just over a month, and the co
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OpenAI Updates Model Spec, Defining Permissions and Shutdown Rules for Agents
On October 29, OpenAI updated the Model Spec, upgrading the model behavior guidelines around five values: being loyal to human intent, reducing harm, honesty and transparency, promoting human autonomy, and caring for others. The new version shifts the focus from what chatbots can say to how much agents can do, stipulating that agents must act within agreed autonomy boundaries, remain correctable, and cooperate with shutdown, while establishing a six-level instruction hierarchy of Root, System, Developer, User, Guideline, and default no-permission. OpenAI stated that models currently running on ChatGPT and the API have not yet fully met the requirements of this specification.
On October 29, OpenAI updated the Model Spec, upgrading the model behavior guidelines around five values: being loyal to human intent, reducing harm, honesty and transparency, promoting human autonomy, and caring for others. The new version shifts the focus from what chatbots can say to how much agents can do, stipulating that agents must act within agreed autonomy boundaries, remain correctable, and cooperate with shutdown, while establishing a six-level instruction hierarchy of Root, System, D
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SpaceX and Tesla Study Potential Merger, Musk Consolidates AI Compute Footprint
Bloomberg reported on October 27 that Musk's SpaceX and Tesla are studying a potential merger through a special committee, and the combined market value would exceed $3 trillion once the deal closes. The article says the two companies already overlap on the Terafab chip project; SpaceX's AI business unit SI posted third-quarter revenue of $7.56 billion, up 830% year over year, with computing capacity of 1.7 gigawatts as of the end of September. The article also notes that SpaceX's Grok 4.7 scored 37.6% on the Terminal-Bench leaderboard, trailing Opus 5 with Claude Code at 53.9% and GPT-6 Sol with Codex at 49.4%.
Bloomberg reported on October 27 that Musk's SpaceX and Tesla are studying a potential merger through a special committee, and the combined market value would exceed $3 trillion once the deal closes. The article says the two companies already overlap on the Terafab chip project; SpaceX's AI business unit SI posted third-quarter revenue of $7.56 billion, up 830% year over year, with computing capacity of 1.7 gigawatts as of the end of September. The article also notes that SpaceX's Grok 4.7 score
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DeepSeek's second funding round raises 105.5 billion yuan, valuation reaches 615.5 billion yuan
According to foreign media citing sources, DeepSeek's second funding round raised 105.5 billion yuan (equivalent to 15.8 billion US dollars), with nearly 30 investors contributing jointly, at a valuation of 615.5 billion yuan. Industrial investors include ChangXin Memory Technologies, SMIC, Tencent, Meituan, CATL and others, each investing 1 billion to 3 billion yuan. The original article also noted that in the first funding round, investors other than the National AI Fund were required to give up voting rights and lock up their shares for five years, giving Liang Wenfeng 100% of voting rights.
According to foreign media citing sources, DeepSeek's second funding round raised 105.5 billion yuan (equivalent to 15.8 billion US dollars), with nearly 30 investors contributing jointly, at a valuation of 615.5 billion yuan. Industrial investors include ChangXin Memory Technologies, SMIC, Tencent, Meituan, CATL and others, each investing 1 billion to 3 billion yuan. The original article also noted that in the first funding round, investors other than the National AI Fund were required to give
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Cursor Discloses Malicious Claude Code Extension in Marketplace Attempting to Plant SSH Backdoor
On October 29, 2026, Cursor disclosed that a maliciously tampered version 2.1.313 of the Anthropic.claude-code extension appeared in its VS Code extension Marketplace. The package was not developed by Anthropic and attempts to install a persistent SSH backdoor, affecting up to 5,000 users. This version was downloadable on that day from approximately 2:27 to 13:35 (Pacific Time). It collects host and user information, writes the attacker's SSH public key into authorized_keys, and establishes a reverse tunnel, while also achieving persistence through a LaunchAgent or scheduled task. Cursor has removed the version, shut down and rebuilt the Marketplace, and published indicators including hashes and IP 134.209.82.225, as well as cleanup scripts for macOS and Windows.
On October 29, 2026, Cursor disclosed that a maliciously tampered version 2.1.313 of the Anthropic.claude-code extension appeared in its VS Code extension Marketplace. The package was not developed by Anthropic and attempts to install a persistent SSH backdoor, affecting up to 5,000 users. This version was downloadable on that day from approximately 2:27 to 13:35 (Pacific Time). It collects host and user information, writes the attacker's SSH public key into authorized keys, and establishes a re
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Wikimedia Foundation seeks to file amicus brief in OpenAI copyright case
The Wikimedia Foundation filed a motion on October 29, 2026, with Judge Sidney H. Stein seeking to submit an amicus curiae brief in the OpenAI copyright case; the brief's main text runs 5,831 words and states that it does not take sides with either party. The brief argues that pretraining of ChatGPT's general-purpose large language models constitutes fair use, but that its RAG feature's reproduction and use of content does not constitute fair use and should comply with license terms such as Creative Commons CC BY-SA 4.0. The Foundation said that if the training stage is not recognized as fair use, AI development may be left only to the best-funded large companies, while recognizing fair use across the board would prompt publishers to lock more information behind walls.
The Wikimedia Foundation filed a motion on October 29, 2026, with Judge Sidney H. Stein seeking to submit an amicus curiae brief in the OpenAI copyright case; the brief's main text runs 5,831 words and states that it does not take sides with either party. The brief argues that pretraining of ChatGPT's general-purpose large language models constitutes fair use, but that its RAG feature's reproduction and use of content does not constitute fair use and should comply with license terms such as Crea
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Maine data center controversy roils Senate race
The Maine Senate race is unfolding around data center expansion, with polling showing 76% of respondents opposed to building data centers locally and 58% strongly opposed. The statewide data center moratorium passed in April was vetoed by the governor, and multiple towns subsequently enacted their own temporary bans or put the expansion question to a vote in November. Senator Susan Collins supports data centers and has received AI- and data center-related donations, while her family also holds related investments; the outcome of this race will affect federal-level data center and AI policy.
The Maine Senate race is unfolding around data center expansion, with polling showing 76% of respondents opposed to building data centers locally and 58% strongly opposed. The statewide data center moratorium passed in April was vetoed by the governor, and multiple towns subsequently enacted their own temporary bans or put the expansion question to a vote in November. Senator Susan Collins supports data centers and has received AI- and data center-related donations, while her family also holds r
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Anthropic plans to raise up to $100 billion in IPO, scale may exceed SpaceX record
Sina Tech, citing a Reuters report, said that Anthropic, the company behind Claude, plans an IPO to raise at least an amount benchmarked against the $86 billion record set by SpaceX in June, with an upper limit potentially reaching $100 billion. The article notes that Meta has just completed a $38 billion offering of common and preferred stock and plans to raise another $60 billion through targeted additional issuance starting next year, showing investors are still willing to make large commitments to the AI theme. However, the U.S. 10-year Treasury yield has risen from 4.5% to 5%, the average gain for most U.S. IPOs this year is only 2%, and Goldman Sachs believes large IPOs will only bring short-term pressure.
Sina Tech, citing a Reuters report, said that Anthropic, the company behind Claude, plans an IPO to raise at least an amount benchmarked against the $86 billion record set by SpaceX in June, with an upper limit potentially reaching $100 billion. The article notes that Meta has just completed a $38 billion offering of common and preferred stock and plans to raise another $60 billion through targeted additional issuance starting next year, showing investors are still willing to make large commitme
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DeepSeek's second funding round of 105.5 billion yuan: investor list revealed, CATL leads
The Information has revealed details of DeepSeek's second funding round, which has raised 105.5 billion yuan (about $15.8 billion), attracting nearly 30 investors. Tencent and CATL each contributed 10 billion yuan, with ChangXin Memory Technologies, SMIC, Meituan, vivo, Xiaohongshu and others also on the list. State-owned investors contributed about 27% of the amount in this round, far higher than 2% in the first round, with China Mobile, China Telecom, CICC, CITIC Securities and China Life among the participants. The report said that due to rising prices of Nvidia's high-end chips and precautions against an AI bubble, DeepSeek doubled its fundraising target midway through the round.
The Information has revealed details of DeepSeek's second funding round, which has raised 105.5 billion yuan (about $15.8 billion), attracting nearly 30 investors. Tencent and CATL each contributed 10 billion yuan, with ChangXin Memory Technologies, SMIC, Meituan, vivo, Xiaohongshu and others also on the list. State-owned investors contributed about 27% of the amount in this round, far higher than 2% in the first round, with China Mobile, China Telecom, CICC, CITIC Securities and China Life amon
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Wikimedia proposes a compromise position in AI copyright case: training may constitute fair use, but reproducing original text should require authorization
Wikimedia has proposed a compromise position in the AI copyright lawsuit, arguing that using copyrighted works without permission for large language model pre-training may qualify as fair use if the model's output differs from the original text, but that when chatbots directly output article content and replace readers' access to the original works, AI companies should comply with licensing requirements. Wikimedia points out that models reproduce Wikipedia text published under open licenses but do not necessarily comply with conditions such as attribution and share-alike, and it worries that if courts broadly rule that AI training is entirely unrestricted, this could open the door to ignoring licenses. The backdrop to this position is that The New York Times sued OpenAI and Microsoft in 2023 for scraping large numbers of news articles without permission to train AI systems, with the two companies arguing that such training constitutes fair use.
Wikimedia has proposed a compromise position in the AI copyright lawsuit, arguing that using copyrighted works without permission for large language model pre-training may qualify as fair use if the model's output differs from the original text, but that when chatbots directly output article content and replace readers' access to the original works, AI companies should comply with licensing requirements. Wikimedia points out that models reproduce Wikipedia text published under open licenses but
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Anthropic plans to raise up to $100 billion in IPO, scale may exceed SpaceX record
Reuters reports that Anthropic, the company behind Claude, plans an IPO with a fundraising cap expected to reach $100 billion, benchmarked against the $86 billion record set by SpaceX in June. The article notes that Meta has just completed a $38 billion offering of common and preferred stock and plans to raise another $60 billion through targeted additional issuance starting next year, showing that equity investors are taking over from the credit market in funding AI capital expenditures. But the article also cautions that blue-chip secondary offerings differ from IPOs, and that the U.S. 10-year Treasury yield has risen from 4.5% to 5%, while most U.S. IPOs this year have averaged gains of only 2%.
Reuters reports that Anthropic, the company behind Claude, plans an IPO with a fundraising cap expected to reach $100 billion, benchmarked against the $86 billion record set by SpaceX in June. The article notes that Meta has just completed a $38 billion offering of common and preferred stock and plans to raise another $60 billion through targeted additional issuance starting next year, showing that equity investors are taking over from the credit market in funding AI capital expenditures. But th
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Tampered Claude Code extension appears in Cursor extension marketplace, affecting up to 5,000 users
Cursor said that a tampered Claude Code VS Code extension appeared in its IDE extension marketplace, affecting up to 5,000 users; the malicious version was not developed by Anthropic. Cursor took down the extension marketplace the same day, worked with relevant service providers to remove the malware, and after confirming there was no further risk, restored it online and required all users to upgrade to Claude Code for VS Code version 2.1.314.
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Microsoft plans to issue $25 billion in bonds to support AI infrastructure expansion
Microsoft announced on Thursday that it plans to issue $25 billion in bonds, using its S&P AAA rating to finance infrastructure expansion. Management has set a 2026 capital expenditure target of $170 billion to meet demand from customers such as Anthropic and OpenAI. The company said the net proceeds will be used for general corporate purposes, which may include working capital, capital expenditures, share repurchases, acquisitions, and repayment of existing debt. The offering is expected to close on November 4. Microsoft's earnings report on Wednesday showed positive free cash flow, while Alphabet's free cash flow was negative for the second consecutive quarter, and Meta and Amazon also reported negative free cash flow this week; Oracle announced a new $10 billion bond issuance plan the same day.
Microsoft announced on Thursday that it plans to issue $25 billion in bonds, using its S&P AAA rating to finance infrastructure expansion. Management has set a 2026 capital expenditure target of $170 billion to meet demand from customers such as Anthropic and OpenAI. The company said the net proceeds will be used for general corporate purposes, which may include working capital, capital expenditures, share repurchases, acquisitions, and repayment of existing debt. The offering is expected to clo
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OpenAI Doubles Pro Plan Quotas; Article Reviews Backend Token Consumption of AI Coding Tools
OpenAI product lead Tibo announced that usage limits for the Pro 100, Pro 200, Pro 500, and Business Premium plans have all been doubled, and that the quota reduction for Pro 200 has been withdrawn; Pro 500 can get usage equivalent to 50 times that of Plus. The article notes that this falls on day 25 of OpenAI's 28-day improvement plan, and some Pro 200 users believe it merely cancels a planned reduction rather than adding new benefits. The article also reviews the hidden token consumption caused by backend sub-agent status summaries in Codex and Claude Code; an Anthropic engineer said that agent_summary, at API list prices, accounts for about 2% of total cost, and that the issue of missed prompt caching has been fixed in Claude Code 2.1.311 and later versions.
OpenAI product lead Tibo announced that usage limits for the Pro 100, Pro 200, Pro 500, and Business Premium plans have all been doubled, and that the quota reduction for Pro 200 has been withdrawn; Pro 500 can get usage equivalent to 50 times that of Plus. The article notes that this falls on day 25 of OpenAI's 28-day improvement plan, and some Pro 200 users believe it merely cancels a planned reduction rather than adding new benefits. The article also reviews the hidden token consumption cause
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Schwarz Group leads Cohere's Series E funding of up to CAD 7 billion
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. Cohere focuses on Sovereign AI for enterprises and governments, and its technology can run in private clouds, on proprietary infrastructure, or in fully isolated environments. Schwarz Group plans to integrate Cohere models into its own STACKIT cloud.
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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Gemini 4 Carbon's Top Ranking Fails to Mask Disappointing Earnings: The Bill for Google's AI Gamble
Alphabet's third-quarter revenue rose 25% year-over-year to $127.58 billion, while net profit fell 25% year-over-year to $26.17 billion, free cash flow was negative more than $9 billion, and the stock fell nearly 10% in after-hours trading. Capital expenditures of $51.4 billion were mostly directed toward AI infrastructure, and CFO Anat Ashkenazi maintained the full-year 2026 capital expenditure range of $195 billion to $205 billion unchanged. Hours before the earnings release, Google launched Gemini 4 Carbon, which topped the Artificial Analysis Intelligence Index with a score of 59, but it has not yet opened a public API and is initially available only to some cybersecurity professionals.
Alphabet's third-quarter revenue rose 25% year-over-year to $127.58 billion, while net profit fell 25% year-over-year to $26.17 billion, free cash flow was negative more than $9 billion, and the stock fell nearly 10% in after-hours trading. Capital expenditures of $51.4 billion were mostly directed toward AI infrastructure, and CFO Anat Ashkenazi maintained the full-year 2026 capital expenditure range of $195 billion to $205 billion unchanged. Hours before the earnings release, Google launched G
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Malicious version of Anthropic.claude-code 2.1.313 appears in the Cursor plugin marketplace; official security advisory released
Cursor discovered a maliciously tampered version of Anthropic.claude-code 2.1.313 in the VS Code extension marketplace. This version was not developed by Anthropic and affects at most 5,000 users. The malicious code collects host and user information, attempts to write the attacker's SSH public key and establish a reverse SSH tunnel, but due to permission restrictions this step fails on most macOS and Windows hosts. Cursor has removed the version, rebuilt the marketplace and shut down the attacker's server, and also provided a command to detect the svc-telemetry public key along with cleanup scripts for macOS and Windows.
Cursor discovered a maliciously tampered version of Anthropic.claude-code 2.1.313 in the VS Code extension marketplace. This version was not developed by Anthropic and affects at most 5,000 users. The malicious code collects host and user information, attempts to write the attacker's SSH public key and establish a reverse SSH tunnel, but due to permission restrictions this step fails on most macOS and Windows hosts. Cursor has removed the version, rebuilt the marketplace and shut down the attack
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Oracle expects free cash flow of at least $30 billion in fiscal 2029
At its investor day, Oracle set a target of expecting free cash flow of at least $30 billion in fiscal 2029, whereas investors had previously expected a negative figure. In fiscal 2026, the company consumed $23.7 billion in free cash flow to build AI data centers for customers including OpenAI, and this year it plans capital expenditure of $90 billion to $95 billion. CFO Hilary Maxson said free cash flow will turn positive in the second half of fiscal 2028, provided that capital expenditure peaks in fiscal 2027 and fiscal 2028 and then declines and new capacity begins generating revenue. Oracle also set a cap of $20 billion on new financing through fiscal 2030, split equally between equity and debt, after having completed a $20 billion stock offering. After the announcement, the stock rose as much as 9.6%, while the shares had fallen 33% year to date as of Tuesday.
At its investor day, Oracle set a target of expecting free cash flow of at least $30 billion in fiscal 2029, whereas investors had previously expected a negative figure. In fiscal 2026, the company consumed $23.7 billion in free cash flow to build AI data centers for customers including OpenAI, and this year it plans capital expenditure of $90 billion to $95 billion. CFO Hilary Maxson said free cash flow will turn positive in the second half of fiscal 2028, provided that capital expenditure peak
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Alphabet's quarterly revenue reaches $127.6 billion; slower-than-expected search ad growth sends shares down about 9%
Alphabet released its quarterly earnings report, with revenue up about 25% year over year to $127.6 billion, slightly below analyst expectations, while net profit fell about a quarter to nearly $26.2 billion; shares fell about 9% after the report was released. Search advertising revenue rose about 12% year over year to $63.35 billion, below analysts' expectation of about $65 billion; Google manager Philipp Schindler said ad monetization efficiency in AI Mode remains lower than in traditional search. Cloud service revenue more than doubled year over year at a scale of $3.07 billion and beat market expectations, quarterly capital expenditure rose to about $51 billion, and the company maintained its full-year infrastructure spending forecast of $195 billion to $205 billion.
Alphabet released its quarterly earnings report, with revenue up about 25% year over year to $127.6 billion, slightly below analyst expectations, while net profit fell about a quarter to nearly $26.2 billion; shares fell about 9% after the report was released. Search advertising revenue rose about 12% year over year to $63.35 billion, below analysts' expectation of about $65 billion; Google manager Philipp Schindler said ad monetization efficiency in AI Mode remains lower than in traditional sea
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