AI news today: Tuesday, November 3, 2026

1. 01
   3 Nov, 06:47 IST

   AustralianSuper bets on AI 'picks and shovels' to ride out AI upheaval

   Source: Reuters

   Why it mattersOne of Australia's biggest pension funds is backing the companies that supply AI rather than betting on which AI apps win, a sign of how big investors are hedging the AI boom. More on AI funding & valuations →
2. 02
   3 Nov, 06:33 IST

   Asian stocks slide as US chip sell-off deepens; Korea's Kospi drops almost 3%

   Source: Bloomberg (via The Economic Times)

   Markets: Bloomberg reports the MSCI Asia Pacific index fell 0.4% on Tuesday, with South Korea's Kospi sliding almost 3%. In the US, an index of chipmakers extended a three-day fall to 12% and the Nasdaq 100 is now 10% below its peak, which traders call a 'correction'. US stock futures rose, and Japan's market was closed for a holiday.

   Why it mattersChip and AI stocks make up a big slice of many pension, index and mutual funds, so a fast sell-off in Seoul and New York can show up in ordinary savings within days. A 10% drop is a reminder that the AI boom moves prices in both directions. Not investment advice. More on AI funding & valuations →
3. 03
   3 Nov, 06:08 IST

   OpenAI hires ex-US Army secretary Dan Driscoll for national security role

   Source: The Economic Times

   Why it mattersOpenAI is adding a former top Army official to work on national security, deepening its ties with the US government and defence. More on OpenAI →
5. 04
   3 Nov, 06:05 IST

   Garry Tan says he spends up to $200K a year on AI agent tokens

   Source: TechCrunch

   TechCrunch reports: Y Combinator Garry Tan has jokingly admitted that he's suffered from "cyber psychosis” and barely sleeps sometimes because he’s so excited to be working with his AI agents. On a new episode of Walter Isaacson’s podcast, The Builders, Tan put a price tag on his passion.

   Why it mattersThe Y Combinator chief put a price on heavy AI agent use on Walter Isaacson's podcast, showing how costly running agents all day can get. More on AI agents →
6. 05
   3 Nov, 04:23 IST

   Palantir's US business sales overtake government revenue for the first time

   Source: CNBC

   Markets: Palantir, which sells AI data software, beat Wall Street's third-quarter estimates, CNBC reports. Revenue nearly doubled from a year ago to more than $2 billion, and US commercial revenue jumped 148% to $984 million, passing US government revenue of $953 million. It now expects about $8.53 billion in revenue for 2026.

   Why it mattersIt's one of the clearest signs yet that ordinary businesses, not just governments, are paying real money for AI tools, which is what investors need to see to justify AI share prices. For workers, it shows AI software spreading into everyday company operations. Not investment advice. More on AI funding & valuations →
7. 06
   3 Nov, 03:44 IST

   Anthropic's IPO filing warns AI that helps build better AI could pose safety risks

   Source: TechCrunch

   TechCrunch reports that Anthropic's revised stock-market filing (an S-1, the document a company files before listing its shares) says it uses AI in its own research and warns that "using AI to help build more capable AI could also pose a considerable safety risk, particularly if it sharply accelerates the pace of progress." TechCrunch reads the filing as suggesting the company is close to 'recursive self-improvement', the point where AI gets good enough to improve itself.

   Why it mattersWhen a company preparing to sell shares to the public flags this as a risk in a legal filing, it's worth noting: it tells future investors, and the rest of us, that the people building AI see faster-than-expected progress as a real danger, not just a sales pitch. TechCrunch's reading is an interpretation of the filing's wording. More on Anthropic →
8. 07
   3 Nov, 03:29 IST

   Intel faces a critical test for its chip factories after a record 45% October plunge

   Source: CNBC

   Markets: Intel shares fell 29% on Friday, their worst day since the 1970s, capping a 45% drop in October, the steepest monthly fall on record according to FactSet, CNBC reports. The company warned revenue this quarter will be $1 billion to $2 billion below analysts' estimates as soaring memory costs hit the PC market, and the stock was down another 8% on Monday.

   Why it mattersRising component costs driven by AI demand are making PCs pricier, and people are holding off on upgrades, which hit Intel hard. If you're planning to buy a laptop, prices may stay high for a while. Not investment advice. More on AI funding & valuations →
9. 08
   3 Nov, 00:55 IST

   Squarespace cuts about 19% of staff as AI website builders reshape the industry

   Source: TechCrunch

   Squarespace, which helps people build and host websites, is cutting about 19% of its global workforce, around 300 employees, a spokesperson confirmed to TechCrunch. The company said the move is meant to simplify how it operates; TechCrunch notes that 'vibe-coding' tools, which build a site from a simple text prompt, have upended the website-building business.

   Why it mattersIf you build or design websites for a living, this is a signal: AI tools that make a site from a sentence are squeezing the companies, and the jobs, around web design. Squarespace itself did not blame AI, so read it as an industry shift rather than a direct AI swap. More on AI & jobs →
10. 09
    3 Nov, 00:49 IST

    New York Times sues Brave, saying it fed scraped news to AI companies

    Source: TechCrunch

    The New York Times sued privacy browser maker Brave in federal court in Manhattan, alleging it scraped the paper's journalism and sold it to AI companies the suit names as Anthropic, Perplexity, Mistral, xAI and Cohere, TechCrunch reports. The Daily News, Chicago Tribune and Orlando Sentinel filed a similar suit; the cases also target a Brave feature said to bypass paywalls. The Times seeks an injunction and damages.

    Why it mattersWho gets paid when AI answers your question with a news story is still being fought out in court. The outcome could change whether AI search tools stay free, start costing more, or carry less reliable news. These are allegations; Brave has not lost any ruling. More on Anthropic →
11. 10
    2 Nov, 21:39 IST

    Apple Intelligence comes to iPhones in China in December, powered by Alibaba's Qwen

    Source: Computerworld

    Apple will ship its AI features to Chinese iPhone users with iOS 27.3 in December after a developer test starting 4 November, using Alibaba's Qwen AI model for some Siri, writing and camera features, Computerworld reports. Features include writing tools, live translation, photo clean-up and notification summaries; users choose whether to send requests to Qwen, and Alibaba says it won't use them for training.

    Why it mattersHundreds of millions of people in China will get AI built into their phones, run partly by a Chinese model under Chinese approval. It shows AI assistants will look different depending on where you live, and that AI features are now a key reason people buy, or upgrade, a phone. More on DeepSeek & China AI →
12. 11
    2 Nov, 21:00 IST

    SUSE to cut about 1 in 10 jobs, CEO says AI has shrunk the need for some roles

    Source: The Register

    German Linux software company SUSE is cutting about 10% of its roughly 1,900 staff, according to a memo seen by The Register. CEO Dirk-Peter van Leeuwen wrote that "automation and AI are fundamentally shifting how software companies operate" and that "the requirement for some existing roles has greatly diminished." Affected staff will be told by 4 November.

    Why it mattersThis is a European employer saying plainly that AI tools are a reason for cutting jobs, not just a vague 'restructuring'. Office and tech workers anywhere should watch which tasks their own employer is automating and build skills in the areas companies say they're investing in. More on AI & jobs →
13. 12
    2 Nov, 18:36 IST

    Google launches free AI courses Africans can download and study offline

    Source: The Nation (Nigeria)

    Google launched Skilling Africa with Google, a free hub bringing together more than 15 training programmes in AI, cloud, cybersecurity, data analytics, digital marketing and small business, The Nation reports. Lessons can be downloaded over Wi-Fi and finished offline, work on basic smartphones, and earn badges learners can show employers. Google aims to train 3 million people by 2030.

    Why it mattersMobile data is expensive across much of Africa, so offline lessons lower the cost of learning skills employers are hiring for. For job seekers and small business owners, it's a free route to certificates that can lead to better-paid work. It is a Google programme, so the courses lean on Google's own tools. More on Google & DeepMind →
14. 13
    2 Nov, 18:01 IST

    Most UK recruiters believe AI now writes the CVs they read, survey says

    Source: People Management

    Three in four (75%) UK recruiters believe most CVs and candidate profiles they see are written by AI, according to a survey of 483 respondents by recruiting platform TestGorilla, People Management reports. Only 15% would take a candidate's word that they can do the job, and 73% spend an hour or more checking a single candidate.

    Why it mattersIf you're job hunting, a polished AI-written CV may no longer set you apart; recruiters say they want proof, such as short skills tests or work samples. The survey comes from a company that sells skills tests, so treat its framing with some caution. More on AI & jobs →
15. 14
    2 Nov, 13:33 IST

    Argentina's Milei pitches a low-tax, no-rules haven for AI data centres

    Source: AP News

    As towns in the US and Europe push back against data centres (the huge warehouses of computers that run AI), Argentina's President Javier Milei is promising a hands-off approach to AI and lower taxes to attract them, especially to Patagonia, AP reports. His proposed 15% corporate tax rate for big projects still needs Senate approval.

    Why it mattersData centres bring investment but use a lot of power and water and employ relatively few people. For Argentines, and for any country courting them, the question is whether the deals bring local jobs and cheaper power or mostly benefit foreign companies. More on AI funding & valuations →

Markets items summarise reporting from the linked sources. Figures are quoted from those sources only. Not investment advice.