• Source: Cerebras priced its IPO at $185 per share, above the expected range of $150 to $160, raising at least $5.55B and valuing it at $56.4B fully diluted (Jordan Novet/CNBC)
• Netflix says its ad tier now has 250M monthly active viewers, up from 94M in 2025, and is expanding to 15 new countries, as it tests an ad personalization tool (Emma Roth/The Verge)
• Sources: Microsoft is in discussions to acquire LLM developer Inception; SpaceX also courted Inception, which is looking for a price of over $1B (Reuters)
• Cisco reports Q3 revenue up 12% YoY to $15.84B, vs. $15.56B est., forecasts Q4 revenue above est., and is cutting almost 4,000 jobs; CSCO jumps 17%+ after hours (Jordan Novet/CNBC)
• Mythos Preview is the first AI model to complete both of AISI's cyber ranges, which measure models' cyberattack capabilities; GPT-5.5 solved only one of them (AI Security Institute)
• Q&A with Anthropic CFO Krishna Rao on the "cone of uncertainty" in AI, allocating compute, returns to frontier intelligence, platform vs. application, and more (Invest Like The Best on YouTube)
• Musk v. Altman: Microsoft executive Michael Wetter testifies that Microsoft has spent $100B+ on OpenAI, including its investments and to build infrastructure (Bloomberg)
• LinkedIn says it has "implemented organizational changes"; source: LinkedIn plans to cut ~5% of its 17,500 full-time workers and focus on business growth areas (Reuters)
• Rivian CEO RJ Scaringe's Mind Robotics, which is building AI-powered robots for manufacturing tasks, raised $400M, source says at a $3.4B valuation (Sean McLain/Wall Street Journal)
• Instagram rolls out Instants, which lets users share ephemeral photos, as an in-app feature and as a standalone Android and iOS app in select countries (Zac Hall/9to5Mac)
• Adaption, co-founded by ex-Cohere VP of AI research Sara Hooker, unveils AutoScientist, which can automate the research loop behind model training and alignment (Russell Brandom/TechCrunch)
• Anthropic launches Claude for Small Business, featuring a host of automated services like bookkeeping functions, business insights, and tools for ad campaigns (Lucas Ropek/TechCrunch)
• Microsoft unveils MDASH, a security system that orchestrates 100+ AI agents to find vulnerabilities, and says it identified 16 previously unknown Windows flaws (Gyana Swain/CSO)
• Sources: Mistral has been developing a cybersecurity-focused AI model and has held discussions about it with European banks, which don't have access to Mythos (Bloomberg)
• Sources: Arm and its parent company SoftBank expressed preliminary interest in acquiring Cerebras weeks before its expected IPO; Cerebras rebuffed them (Bloomberg)
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