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- Top Midday Stories: Anthropic Reports $16.8 Billion in Q3 Revenue; CoreWeave's Credit Risk Hits Intraday High
- Unsustainable pay increases for public sector workers will put Ireland stability at risk – The Irish Times
A columnist argues that excessive public sector pay rises in the early 2000s helped trigger the 2008 financial crash, as public service numbers grew 35% from 2000 to 2008 and pay rose 32% from 2003 to 2008, against 18% cumulative inflation. A flawed benchmarking process pushed senior public servants' pay 8% above private-sector equivalents by 2006, and middle and lower grades 22% to 31% higher. Even after the crash, Ireland ranked near the top of OECD public pay tables in 2011. Minister Jack Chambers said civil servant numbers rose 52% over the past decade, from 35,032 to 53,161, and the wider public service rose 38%. The author says union demands for inflation-matching rises are reasonable, but the Government should resist excessive demands not accompanied by changes in work practices, including a return to the office.
- Jim Cramer Says OpenAI Revenue Isn't 'Apples to Apples' With Anthropic, Daniel Newman Calls Debate 'Hilarious' — $500 Billion Wiped Out
The Financial Times reported that OpenAI told investors its annualized revenue was approaching $50 billion at the end of September, below the $70 billion previously reported. Investors had earlier adjusted the figures to match Anthropic's method of counting the full value of sales made through cloud partners. Many commentators framed the $20 billion gap as a difference in revenue accounting rather than a sales decline: Jim Cramer said the numbers are not apples to apples, while Daniel Newman blamed confusion between gross and net revenue. Under its amended Microsoft deal, OpenAI will keep paying Microsoft a 20% revenue share through 2030, and Shay Boloor argued the key question is how much of each AI dollar OpenAI keeps after Microsoft, Amazon and Alphabet take their cut. Market research platform Bull Theory said $500 billion was wiped out of the US stock market on Thursday.
- Anthropic AI Safety Bill Reaches Beyond Big Tech , Sacks Warns
David Sacks warns that an Anthropic-drafted AI safety bill circulating on Capitol Hill classifies models trained above 10²⁵ floating-point operations as frontier systems, a threshold he says is written broadly enough to capture AI startups far below that scale. He argues the bill's ideas only work if tightly confined to companies genuinely operating at frontier scale. The distinction directly affects how smaller AI companies get funded and built.
- Anthropic taps nonprofits METR and SecureBio to help assess risks and safety practices
Anthropic said it is working with the nonprofits METR and SecureBio and is in talks with other organizations, including Hugging Face, to embed independent evaluators within the company. It has set three access tiers: first-tier evaluators can run narrowly scoped risk investigations, second-tier evaluators can publish reports without approval, and third-tier evaluators get employee-like access. METR is third-tier, with staff who have access to hardware, offices and tools roughly on par with Anthropic's internal risk teams, and Anthropic is not funding its work. SecureBio is first-tier and is reviewing the chemical and biological weapons section of Anthropic's risk report. Anthropic also said it is working toward a partnership with Accenture but did not say where that company fits in the tiered system.
- Blackstone (BX) Faces Firmus Buyback Risk As $1.5 Billion AirTrunk IPO Slips
Blackstone (NYSE: BX) is linked to a possible forced share buyback dispute at Firmus Technologies, which involves confidential arrangements with Nvidia and Blackstone. Firmus may be obliged to repurchase equity from investors, and Blackstone's financial exposure would depend on the contract terms. Separately, AirTrunk, a data center operator backed by Blackstone, has reportedly postponed a planned US$1.5 billion IPO, citing current market conditions. The article says both issues highlight pressure from complex deal terms and delayed exit timing, and points to Blackstone's next fundraising and realization figures as a key indicator.
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