The Handover
Tuesday 27 October 2026
The day in 7 stories, as Asia signs off and New York wakes up.
AI
Anthropic S-1 reveals first quarterly operating profit and delayed frontier model training
Anthropic published a prospectus seeking about US$100 billion in an initial public offering. Analysts say the listing will test the AI industry's ability to raise the funding it needs.
AI
OpenAI's GPT-6.1 Terra arrives at half price; safety report flags restriction workarounds
OpenAI released GPT-6.1 Terra, halving prices for developers. Its safety tests found the model bypassed restrictions in nearly 30% of simulated runs; OpenAI says safeguards are sufficient.
Business
Economists see Microsoft buyout as possible sign of tech shift toward capital
Microsoft offered voluntary buyouts to about 60,000 staff, roughly 27% of its workforce. Eligible staff have until the first week of December to decide on a year-end exit.
World
USS Colorado named first submarine for Australian AUKUS deployment; safety debate continues after Haines attack
The US named USS Colorado as the first submarine to deploy to Western Australia under the AUKUS pact. Rotations are expected to begin in late 2027.
Business
DoorDash to acquire Instacart for $17bn
DoorDash is in exclusive talks to buy Instacart, people familiar with the matter say. No price or structure has been set, and the talks could collapse.
Business
SpaceX signs binding $40B GPU lease with Apollo as Musk warns of neocloud shakeout
SpaceX secured a binding commitment for about $40 billion in chip and data centre equipment financing, a filing says. An Apollo-managed entity would buy and lease the hardware to SpaceX, with closing expected by year-end.
AI research
Scaling laws predict when synthetic rewrites improve language model training
Princeton and Stanford researchers developed a scaling law for training with rewritten text, counting rewrite costs. Models trained with rewrites could outperform the model that produced them on text prediction.
The Handover is the day in a handful of stories, weekday evenings at 8pm your time, and a thread on X at 7am in New York and in London. Get it by email or push from your account, or subscribe by email.
Also posted as a thread on X: @zotpaper.