Updated May 26
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
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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Jun 18, 2026
Elastic Agent Memory Demo Shows Why Long Context Is Not Enough
Elastic published an open-source agent memory demo that turns long-running AI context into a search and retrieval architecture problem.
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Jun 17, 2026
SpaceX Acquires Cursor for $60 Billion in First Post-IPO Power Move
SpaceX is buying AI coding startup Cursor for $60 billion in an all-stock deal, its first major acquisition since going public. The deal gives Elon Musk's company access to Cursor's 1 million-plus developers and a foothold in the fast-growing AI coding tools market.
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Jun 15, 2026
OpenAI Acquires Ona to Add Persistent Cloud Execution to Codex
OpenAI has agreed to acquire Ona, bringing persistent cloud execution environments to Codex so developers can run AI agents that continue working for hours or days without being tied to a single machine.
openai-codexona-acquisitioncloud-execution