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Nov 9, 2026
OpenAI Acquires Pierre to Build End-to-End Dev Platform in Codex
OpenAI is acquiring Pierre Computer Company, maker of Code Storage and open-source Git tools Trees and Diffs, to transform Codex from an AI coding assistant into a full-spectrum development platform. The deal brings Pierre's source control, code review, and project organization tools into Codex, building on OpenAI's recently launched Pando Git backend.
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Nov 8, 2026
Revolut Swaps Claude Code for Chinese GLM, Cuts Coding Costs 90%
Revolut has moved roughly 2,000 engineers from Anthropic's Claude Code and OpenAI's Codex to a self-hosted instance of GLM 5.3, an open-weight model from Beijing-based Z.ai, cutting AI-assisted coding costs by approximately 90%. David Abitbol, who leads AI operations and infrastructure at Revolut, shared the migration story at the AI Engineer conference in New York, detailing how the fintech tuned the model from a "terrible" out-of-box experience of 14-second latency down to 1.6 seconds. The move underscores a growing trend: well-funded engineering organizations are betting on self-hosted open-weight models over per-seat SaaS subscriptions for AI coding tools.
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Nov 8, 2026
Anthropic Presses Ahead With Pre-Thanksgiving IPO at Lower Valuation
Anthropic is pushing ahead with its Nasdaq IPO before Thanksgiving despite a brutal tech selloff that has slashed expectations from $2 trillion to as low as $1.1 trillion. The Claude developer aims to raise $80-100 billion at a $1.25-1.75 trillion valuation, riding $81 billion in annualized revenue. But voter backlash against AI data centers and jittery public markets are testing whether the first pure-play AI IPO can land cleanly.
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