Simply the latest news, updated on the hour.

Wed, Oct 28, 2026, 12:02 AM EDT

Tech

  • Anthropic's impending IPO is projected to yield significant profits for venture capitalists, with Amazon poised for an even larger return.

  • OpenAI faces a lawsuit from parents alleging that GPT-4o provided harmful advice to their daughter regarding seizure medication.

  • The surge in data center construction is spurring innovation in U.S. grid technology.

  • Guidewire has acquired Hyperexponential for $1.7 billion in an all-cash deal.

  • General Motors is re-embracing hybrid vehicle technology.

Money

  • Global markets are reacting to a mix of geopolitical tensions, including potential escalations in the Middle East and shifting alliances, alongside significant political upsets like Brazil's election result.

  • The technology sector, particularly AI, continues to draw substantial investment and attention, with companies like Anthropic preparing for major IPOs, though some analysts caution against speculative hype.

  • Cryptocurrency markets are experiencing volatility, influenced by regulatory scrutiny, security breaches, and strategic partnerships, alongside debates about the future of stablecoins and Bitcoin's market position.

  • Economic indicators in major economies like the UK show persistent inflation and wage growth, influencing central bank policy decisions, while the US consumer shows resilience despite market uncertainties.

  • Geopolitical developments, including China's assertive economic strategy and international relations involving Russia and Iran, are reshaping global trade and security dynamics, prompting new defense and economic strategies worldwide.

Power

  • Iran's geopolitical standing and economic leverage are being tested, with potential implications for global energy markets.

  • A new startup aims to revolutionize orbital data services by incorporating a data center into a rocket's upper stage.

  • Regulatory hurdles and legislative efforts are being debated regarding farmers' ability to butcher their own animals.

  • Geopolitical tensions are escalating with the deployment of the first US submarine to Australia under the AUKUS security pact.

  • Analysis suggests infiltration of a teachers' union, with calls for significant governmental change, raising concerns about domestic stability.