Edition · 2026-10-31

Saturday 31 October

AI boom hits a wall on Wall Street as OpenAI cuts fundraising target while Meta gets a credit warning over its cash flow, spending and monetization

Sam Altman, chief executive officer and co-founder of OpenAI Inc., speaks during OpenAI DevDay in San Francisco, California, US, on Tuesday, Sept. 29, 2026.

AI-generated summary S&P Global made available a credit warning that cut its outlook on Meta to negative from stable over its cash flow, spending, and monetization. The credit ratings agency maintained Meta at AA- while warning the social media leader's leverage could top 1.0x as soon as 2027.

Also covered by theinformation.com coindesk.com ft.com
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Medicare used AI to pre-approve patient care, and it immediately led to a large drop in medical services

AI-generated summary A new Medicare pilot program that uses artificial intelligence to pre-approve patient care has launched in several states including New Jersey, Ohio, Oklahoma, Texas, Arizona and Washington state. The study found that the program immediately led to a significant drop in medical services provided to the approximately 6.4 million enrolled Americans after the venture started in January.

Spooky New Infostealer Malware Uses AI to ‘Autodox’ Victims

AI-generated summary Cisco Talos researchers released findings showing that hackers have started adding artificial intelligence functionality into a new strain of infostealer malware named Volta-Autodoxer. Cisco Talos says the malware compiles stolen data into a dossier and uses commercial large language models to profile victims and quickly surface high-value targets.

Also covered by Cyber Security News IT Pro Help Net Security