AI News, 2 November 2026

Monday 2 November

‘A major risk to the global economy’: BofA warns about the risky AI boom the day before a midterm vote framed around data-center backlash

Voters cast ballots at a polling station in Anchorage, Alaska

AI-generated summary BofA Global Research economists warned that a sustained correction in the AI trade is available as a major risk to the global economy. Voters will decide 41 local data-center ballot measures on Tuesday while spending on data-center construction reached $84.95 billion in August.

Also covered by bloomberg.com Business Insider axios.com
+6 morethehill.com The Verge TESLARATI npr.org theguardian.com news.bloomberglaw.com

Anthropic posts $567 million Q3 operating loss as growth cools ahead of IPO

AI-generated summary Anthropic made available an amended IPO filing showing a third quarter operating loss of $567 million as revenue growth slowed. Anthropic says the operating loss resulted primarily from $5 billion in computing capacity from short-term commitments and $2 billion in noncash charges.

Also covered by CNBC theinformation.com nytimes.com
+9 moreBusiness Insider AIStockWire bloomberg.com Fortune marketwatch.com ABC News Cautious Optimism Tech Xplore apnews.com

Wall Street opens higher, rebounding after last week’s rout in AI trade By Investing.com

AI-generated summary Investing.com reports that Wall Street opened higher on Monday as U.S. stocks rebounded following last week's bruising sell-off in the artificial intelligence trade. The benchmark S&P 500 added 0.5 percent while investors looked ahead to upcoming quarterly results from Apple and the U.S. midterm elections.

Also covered by investingLive coindesk.com bloomberg.com
+3 morebbc.co.uk Fox Business International Business Times

Corporate America's AI bills are piling up. This startup raised $30 million to help.

AI-generated summary San Francisco-based startup Larridin has made available a measurement platform utilizing thirty million dollars in Series A funding to track enterprise artificial intelligence spending and employee productivity. The software integrates with internal corporate systems to analyze artificial intelligence interactions, protect employee privacy, generate high-level insights, and determine return on investment for businesses.

Also covered by SiliconANGLE

Irving Azoff’s Music Artists Coalition joins Cate Blanchett and CAA on AI licensing brief in New York Times’ case against OpenAI

Irving Azoff

AI-generated summary Irving Azoff’s Music Artists Coalition is available as part of a court filing in the copyright case involving OpenAI and Microsoft. The group asked the court for permission to submit a brief addressing whether rights to creative works can be licensed for AI use.

Also covered by Deadline

UMG, Sony, and DistroKid tell court they are ‘working on a resolution’ in dispute over AI music data for Suno case

court gavel

AI-generated summary Universal Music Group, Sony Music Entertainment, and DistroKid have made available a court filing stating they are working on a resolution in their legal dispute. The parties have agreed to give DistroKid until November 6 to respond to the music labels' request for a court order concerning AI music data.