BitGou: Anthropic's AI vision

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Daily Briefing

By Kate Turton

Hello. US forces exit Iraq after two decades, and US Secretary of State Marco Rubio says a UK airbase incident involved a foreign state.

In the latest AI news, Anthropic's IPO prospectus shows a sweeping AI vision and surging costs, while rival OpenAI shelves a new AI model release over safety concerns.

Today's Top News

Vehicles at a street in Falluja, Iraq as the US-led coalition prepares to fully withdraw. REUTERS/Thaier Al-Sudani

Middle East

US forces are set to pull out from their last bases in Iraq by Wednesday, a departure that is being celebrated as a victory by Iran and its allies who now have deep influence in the country where 4,500 Americans died during more than two decades of war.
US President Donald Trump said he has offered Iran nothing to end the war, rejecting media reports that cited US ‌officials saying he was willing to ease sanctions and release frozen funds for "concrete" steps regarding Iran's nuclear programme.
Prime Minister Benjamin Netanyahu is using the same campaign playbook that has served him for decades as he tries to retain power in an election next month, presenting himself as the only person who can keep Israelis safe in a hostile region.

In other news

Secretary of State Marco Rubio said the "hands of a foreign actor" were involved in an incident in which five men were arrested on suspected explosives and terrorism offences near a British airbase used ‌by US forces to strike Iran.
A civil lawsuit alleging gang rape at Cornell University has reignited public outrage and now prosecutors are taking the case to a grand jury two years after declining to bring any criminal charges. Joseph Ax explains to the Reuters World News podcast why the district attorney is reopening the case.
Five ‌of the six House, Senate and gubernatorial candidates who appeared at the Iowa State Fair discussed the state's high cancer rates, reflecting the extent to which the disease has become a bipartisan campaign issue this year.
Ukrainian President Volodymyr Zelenskiy said there are more than 8,000 North Korean troops ‌who were sent to Russian territory and preparations are underway to deploy another 10,000 troops.

Business & Markets

Anthropic is making a massive bet that AI will transform the global economy more profoundly than industrialization, electricity and the internet, according to its IPO prospectus seen by Reuters. Meanwhile, rival OpenAI shelved a new AI model release over safety concerns.
Teaching kids to code was supposed to equip them for tomorrow. Then artificial intelligence came along. In this episode of The Big View podcast, academic and author Daniel Susskind tells Peter Thal Larsen why predicting future jobs is folly and why critical thinking will matter more.
The Starship engine failure that nearly foiled the orbital debut of SpaceX's next-generation spacecraft on its 14th uncrewed test flight may complicate NASA's ability to meet its time frame for astronaut missions to the moon.
Alternative asset managers deploying cash from their insurance arms are reshaping how America's energy infrastructure is financed, emerging as major backers of LNG export projects and the pipelines moving crude and natural gas around the country.
With China set for a week-long holiday at the start of October, many workers are taking to social media to complain about the widespread practice of requiring staff to work weekends either side of the break to maintain output.

Inside McDonald’s push to have AI price your Big Macs

People walk by a McDonald's in New York City. REUTERS/Jordan Tovin

McDonald’s is increasingly using artificial intelligence to guide menu prices across the US and some global markets, a plan that aims to boost headquarters’ profit but risks alienating customers and attracting antitrust scrutiny.

One pricing factor supercharged by AI: an estimate of how much each store's patrons are willing to pay.

The details of how that pricing system works, its extensive use of AI, the company’s regulatory concerns and the tensions with its franchisees haven’t been previously reported.

Read more

And Finally...

Celine Dion performs during a public show named "Express Your Worth", at Place Joffre during Paris Fashion Week in Paris. REUTERS/Sarah Meyssonnier

Global beauty brand L'Oreal Paris staged a star-studded runway show in the French capital, with pop icon ‌Celine Dion making a guest appearance to close out the evening.

The event held at the start of Paris Fashion Week featured models Kendall Jenner and Heidi Klum, actors Andie MacDowell and Philippine ⁠Leroy-Beaulieu, as well as US Olympic skier Lindsey Vonn and Italian Paralympian Beatrice Vio, sashaying down a catwalk against the backdrop of a lit-up Eiffel Tower.

Dion, who is in Paris for a series of concerts, was a L'Oreal Paris brand ambassador in 2019.

Read more

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