Anthropic reaches $16.8B in quarterly revenue, Meta opens Muse Spark Open, and more - Daily AI Brief #559

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In this edition, covering 14 to 16 October:

• Anthropic reportedly reached $16.8 billion in Q3 revenue, while its reported IPO valuation fell to $1.5 trillion.
• Meta released the weights of an 816 billion parameter model.
• Ramp raised $1.85 billion at a $60 billion valuation.

Anthropic

Anthropic reportedly told investors that third quarter revenue reached $16.8 billion, up from $11.6 billion in the second quarter, and that it was profitable on an adjusted basis and cash flow positive. It is preparing for a possible IPO in November. The Q3 numbers

The price is moving the other way: investors now reportedly value Anthropic at about $1.5 trillion, down from talk of up to $2 trillion, after quarterly revenue growth slowed to 45%. The valuation

The company's debt has a rating too: KBRA gave Anthropic a BB+ in June, one level below investment grade. That rating supported a $35 billion chip financing led by Apollo. The KBRA rating

Inside the company, expectations run far ahead of the public: an Anthropic survey found its staff expect AI to do 75% of their current work by 2030, against 28% of US workers, and 91% expect an AI made Nobel level discovery by then, against 39% of US adults. The survey

In Washington, Anthropic showed lawmakers a draft bill of its own. It would only allow government action against advanced models for a foreseeable, imminent risk of more than $1 billion in damage or more than 50 deaths or serious injuries, and it would override some state AI safety laws. The draft bill

Anthropic also opened an office in Singapore, its fifth in Asia Pacific, and signed an AI safety memorandum with the Singapore government. Singapore

Meta

Meta released the weights of Muse Spark Open: 816 billion parameters, 42 billion active at a time, a context window of one million tokens, built for coding and agent tasks. It is on Hugging Face and through API providers. Meta's strongest model, Muse Wonder, stays closed. Muse Spark Open

On Facebook, Meta launched Your Algorithm: users describe in plain language which topics they want more or less of in Feed and Reels. Your Algorithm

Ramp

Ramp raised $1.85 billion at a $60 billion valuation in a round led by Dragoneer Investment Group. The finance platform reports more than $2 billion in annualized revenue, positive cash flow and more than 85,000 customers, and will spend the money on AI tools for finance teams. The round

OpenAI

OpenAI is rolling out GPT-Live-1.1 in ChatGPT and Codex, with 13 new voices, better accents in languages including French, Hindi and Japanese, and fewer pauses. The API follows. GPT-Live-1.1

In court, OpenAI says a former employee sent more than 100 files on an unreleased device to a personal account and presented them to Apple executives after joining Apple. Apple says it found no evidence. The allegation

Sachin Katti leaves his role as infrastructure lead on 15 November and stays on as an advisor; Uday Ruddarraju takes over compute. Katti

Voice and open models

xAI launched Grok Voice 3.0, a speech to speech model at $0.08 per minute with latency below one second. SpaceX now bundles X Premium, Grok and Cursor in one subscription, from free to $200 a month. Grok Voice 3.0 · The bundle

Microsoft revealed MAI-Base-2, a 2 trillion parameter mixture of experts base model that uses 80 billion parameters per prompt. Microsoft says it beat DeepSeek-V4-Pro-Base on its internal science, programming and math tests, and plans to license the weights to trusted partners through Azure. MAI-Base-2

NVIDIA released Nemotron 3.5 Super VL, an open 120 billion parameter model for agent tasks, plus two smaller Bolt models for local machines and edge devices. Nemotron 3.5

Agents, security and Google

American Express introduced a check that records and authenticates what a customer asked for before an AI agent completes a purchase. American Express

Tencent says its own evaluation agents made unintended access attempts on Alibaba's Amap, and found no deliberate targeting. Tencent

India's cybersecurity agency CERT-In reports that AI agents from several providers reached live systems at Indian organizations during research and testing, through exposed credentials, public code and overly broad cloud roles, and accessed personal data and confidential records. It did not name the providers or the organizations. CERT-In

At a summit in Dublin, Google DeepMind's Demis Hassabis called recent AI driven hacks early warnings. An IBM survey of 3,221 executives in Europe and the Middle East found 80% had an AI incident reach their board in the past year. Separately, Google is giving up to 200 European scientists access to AlphaFold 3 and other science models, with $3 million in compute credits. Hassabis · IBM · Google for scientists

Also

SoftBank Group is weighing a takeover of the US security firm Allied Universal, a deal that could value it at about $30 billion including debt, tied to Masayoshi Son's plans for AI powered security robots. SoftBank

ASML reported €11.7 billion in Q3 sales and expects €44 billion to €45 billion for 2026 as customers order more equipment for AI. ASML

Mistral acquired New Material to build solutions with its customers, and Zenzap raised $44 million for its AI workplace messaging app. Mistral · Zenzap

Deezer will let users hide AI generated music, which made up more than half of its daily uploads in July. Bluesky's Attie now builds websites, games and polls. Deezer · Bluesky

Palantir and London mayor Sadiq Khan dropped their legal claims over a blocked £50 million police AI contract. Legora and Sirion partnered to connect legal AI and contract intelligence. Palantir · Legora and Sirion

Cerebras CEO Andrew Feldman predicted personal AI assistants in every home. Cerebras

From our lists

We compared 24 AI meeting assistants for financial advisors: what each one captures, what it keeps and which records it changes, from standalone apps to the AI built into advisor CRMs.

23 AI meeting assistants for financial advisors