News This week in AI 15 stories from October 16 to October 22, grouped by topic with the busiest first. Read the one-line summaries, open what matters to you, skip the rest.
Meta's AI build-out outran its cash flow in the third quarter 2026-10-21 · Meta spent $34.91 billion on capital expenditures against $32.79 billion of operating cash flow, leaving free cash flow negative, while saying its AI investments already deliver extra ad revenue.Pigment raises $250 million at a $2.3 billion valuation, led by the EU's Scaleup Europe Fund 2026-10-21 · The Paris planning-software company says it passed $100 million in annual recurring revenue this year and that 85% of new metrics in its product are now created by an agent.ASI, formerly Air Space Intelligence, raises $325 million at a $3 billion valuation 2026-10-20 · Spark Capital led the Series C. The company's AI plans and runs air traffic, military command-and-control and grid operations, and it holds an $875 million FAA program and a $99 million Army contract.Salesforce agrees to buy Braze for about $5.66 billion to add it to Marketing Cloud 2026-10-20 · Braze shareholders would get $47.50 a share in cash. Salesforce pitches the deal as giving its Agentforce agents real-time customer engagement across apps, web, email, SMS and WhatsApp.Anthropic commits 5% of its shares to a new Public Benefit Fund, subject to stockholder approval 2026-10-18 · Another 2% can be added at the board's discretion for every 50% rise in the company's value. With earlier pledges, Anthropic says about 20% of its shares are now set aside for the public good.Canva releases Canva Craft, its first in-house image generation model 2026-10-22 · The model is trained on Canva's human-designed templates rather than photographs, is available to all users from the Dream Lab tab, and is coming to the Canva API.OpenAI's models and Codex workflows are coming to Google Cloud's Model Garden 2026-10-21 · OpenAI says its frontier models will be sold through Google Cloud Marketplace, putting them inside the cloud of the company behind Gemini.Recursive releases Flint, a free coding model that runs on a laptop 2026-10-21 · Flint activates 2.5 billion of its 40 billion parameters at a time, ships under Apache 2.0, and was built in under four months with help from the company's automated research system.JPMorgan, Schwab, Citi and Bank of America restrict outside AI agents from logging in to customer accounts 2026-10-19 · The banks are blocking agents that use customers' own credentials, while JPMorgan keeps customer-authorized data sharing through open banking providers and Schwab steers clients to its own assistant.Anthropic signs a 20-year lease at EverWind's planned C$10B Nova Scotia data centre campus 2026-10-16 · It is Anthropic's first data centre agreement in Canada. The first phase is due online in late 2027 at 95 MW, growing to 420 MW in 2028.Older stories: all news . Follow along: full-text RSS feed .