Updated 3 minutes ago
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
AI Auditors Catch Agent Misbehavior But Flood Reviewers With False Alarms
A new study finds frontier AI models can catch nearly all reward hacking in agent logs, but false alarms pile up so fast at scale that human reviewers would drown in noise — getting 3,000 false warnings for every 2,000 real incidents.
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Nov 8, 2026
OpenAI Raises $11B at $1.25T Valuation, Falls Far Short of $30B Target
OpenAI closed the first $11 billion of a funding round that values the company at $1.25 trillion — less than half the $30 billion it originally targeted. The scaled-back raise, confirmed by CFO Sarah Friar, comes as AI stocks tumbled following the midterm elections and investor appetite for big-ticket AI bets shows signs of cooling. For builders and developers relying on OpenAI's platform, the funding gap raises questions about the pace of future model releases and infrastructure investment.
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Jun 14, 2026
State Attorneys General Investigate OpenAI Ahead of Its IPO
A coalition of state attorneys general has opened an investigation into OpenAI, issuing a subpoena that demands information on advertising practices, data handling, user safety, and model sycophancy. The probe lands just days after OpenAI filed paperwork to go public, adding regulatory risk to one of the year's most anticipated IPOs.
openai-investigationstate-attorneys-generalai-regulation
May 29, 2026
CNN Sues Perplexity AI, Alleging Mass Copyright Infringement
CNN filed a lawsuit against Perplexity AI in New York federal court, accusing the AI search company of unlawfully copying and distributing thousands of CNN stories, videos, and images without permission. The case joins a growing wave of publisher lawsuits against AI companies over content use.
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Apr 22, 2026
Perplexity AI Fights Copyright and Trademark Allegations in Court
Perplexity AI is in the thick of a legal battle over its 'answers engine.' Accused by major news outlets of copyright and trademark violations, the company argues its AI outputs are fair use and non-infringing. The case tests AI's role in content creation and its legal ties to traditional media rights.
Perplexity AIanswers enginecopyright