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Tuesday, October 27, 2026 - 5 Minute AI News
Anthropic reveals $11.6 billion in quarterly revenue, OpenAI halves API costs with GPT-6.1 Terra, and Microsoft offers buyouts to 60,000 employees to fund AI infrastructure.
Anthropic Files for IPO, Reports $11.6 Billion in Quarterly Revenue — Anthropic's S-1 filing reveals strong enterprise adoption and its first operating profit. The document also details $800 billion in long-term compute commitments required to compete in the frontier AI market.
OpenAI Halves API Costs With New GPT-6.1 Terra Model — OpenAI released a mid-range model optimized for autonomous agent workflows. It…
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