AI News, 3 November 2026

Tuesday 3 November

Meituan Releases LongCat 2.5 on Chinese Chips; Benchmark Claims Await Independent Tests

Meituan LongCat 2.5

AI-generated summary Meituan released the LongCat-2.5 multimodal AI model on Monday, which was trained entirely on domestically produced Chinese AI accelerators. Meituan deployed the model inside Miaoshow to help restaurant and hotel operators analyze business performance and execute operational tasks.

Also covered by VentureBeat aiunderstanding.org

Stolen AI access leaves companies with cloud bills of up to $1 million

AI-generated summary Google Threat Intelligence Group and Mandiant researchers have available findings showing that criminals break into corporate cloud accounts to run AI models at the victim's expense. Mandiant states that some attacks resulted in bills reaching up to $1 million before the attackers lost access.

Also covered by Cyber Security News PYMNTS.com

MIT Researchers Say Privacy Rules Will Shape AI Competition

AI-generated summary MIT Sloan researchers Catherine Tucker and Rozhina Ghanavi released a research paper exploring how privacy rules will shape artificial intelligence competition and corporate consolidation. The researchers state that restrictions on training, inference, and sharing affect developers seeking realistic interactions to improve their products while favoring established firms.

M-Files launches AI-powered document management solution for manufacturing

AI-generated summary Finnish document management software company M-Files launches M-Files for Manufacturing to help manufacturers manage engineering changes and supplier documentation across workflows. M-Files says the new solution connects technical documentation to products, parts, processes, and suppliers while improving document traceability and reducing errors.

Drax surges on $27 bln AI data centre partnership with Brookfield, Radiant By Investing.com

AI-generated summary Drax plans a partnership with Brookfield and Radiant to develop a data centre at its northern England power station. The project could attract more than £20 billion in investment and develop data centre capacity exceeding 1 gigawatt.

Also covered by CNBC datacenterdynamics.com The Independent
+1 moredatacenterfrontier.com

Nace AI has launched Drex for Finance, a model designed for split-second financial tasks, like determining whether a ca…

AI-generated summary Nace AI has launched Drex for Finance, a model designed for split-second financial tasks, like determining whether a card payment looks fraudulent. Nace AI says it can use a document or a transaction log along with a fixed set of possible answers, then deliver a probability score for each one.