FCM Travel named Mark McSpadden chief product officer on Nov. 12, 2026, putting him in charge of product development and the corporate travel business’s AI strategy and technology partnerships. He previously led product and user experience at Amex GBT, held leadership roles at Sabre, and most recently led innovation at USAA Labs. McSpadden will work with Global Managing Director Melissa Elf and Global Head of Product Jessica Dunderdale, join Flight Centre Travel Group’s technology management team, and report to John Morhous. The goal is to connect FCM’s platforms, data and AI tools around the needs of travelers and travel managers.
In Washington, Representatives Josh Gottheimer and Mike Lawler introduced the bipartisan American AI Security Act, H.R. 10981, on Nov. 10. It would require the Department of Commerce to set rules for covered foundation models and developers to give the National Security Agency access for a security review before deployment or a major change. The NSA would have 30 days, with a possible 30-day extension, to assess risks including serious cyberattacks and assistance in creating chemical, biological or radiological weapons. The proposal also provides for developer appeals, civil penalties of $500,000 per day for certain violations, and Commerce reviews and reports to Congress.
Anthropic has spent $3.4 billion on 1.7 gigawatts of gas generators, taking over an order OnePWR Solutions placed with Caterpillar. The deal, completed in late September, reflects the difficulty of securing electricity for AI data centers; some U.S. grid connections may take five to seven years. The purchase could benefit equipment makers, while raising concerns about gas use, climate pledges, local opposition and possible new rules.
OpenAI says GPT-Live lets its system speak in real time while handing tasks to a backend model. The approach aims to avoid problems in its earlier turn-based Realtime system, which could mistake short sounds or a noisy room for a user interrupting. In a demonstration, Aarti explained its reasoning while collecting details in sequence and waiting for confirmation before sending work elsewhere. OpenAI also showed French voices Brise and Sillage and said custom voices can be created from prompts or recordings with consent. Yelp, Fin and Speak use the system; OpenAI says voice use in ChatGPT nearly doubled after GPT-Live launched.
Other companies are applying AI in specialized services. Washington, D.C.-based personal injury firm Lawfty received a strategic investment from The LegalTech Fund to improve its AI tools and data analytics. Its system compares injury information with more than 80,000 past cases and connects clients to a network of more than 100 partner firms. Lawfty says it has recovered more than $1 billion for clients; it also received $40 million in debt financing in October 2024 to expand its AI case management system. In South Korea, Banksalad Financial Services is recruiting financial solution specialists through the 30th to use financial and health data to tailor insurance advice and improve its AI consultation platform. AI will handle repeated tasks such as data analysis and consultation preparation, while specialists focus on customer advice.
Australia has introduced a regulator to oversee AI development and use, with authority to enforce safety and security standards. Companies will be expected to maintain controls, manage model risks, report incidents quickly, undergo independent evaluations, publish safety frameworks and adapt to changing standards. The article argues that training AI systems locally is necessary for the regulator to enforce the rules effectively.
Hatz AI raised $24 million in a Series A led by Nadia Partners, with participation from Vestigo Ventures and The Private Shares Fund. It plans to expand its managed service provider network, which spans all 50 U.S. states, nine Canadian provinces and nine other countries. Its AI operating system offers security controls, spending tracking and tools to route work among AI models; agents can handle tasks such as ticket sorting, marketing, sales leads and bookkeeping. Hatz AI says its MSP partners have tripled over the past year, it has issued more than 15,000 AI builder certifications, and its team has grown from 14 to more than 60.
Nebius posted third-quarter revenue of $980.8 million, up 571% year over year and above analyst estimates, but data-center capacity delays prompted a revised outlook. It raised its 2026 capital-spending forecast to about $27 billion and expects $40 billion to $45 billion in 2027, while retaining a 2027 revenue target of $12 billion to $13 billion and a goal of pre-tax break-even by year-end. Its shares fell nearly 20% on Thursday as the Tradr 2X Short NBIS Daily ETF gained about 39%. The fund targets twice the inverse of Nebius’s daily return, but daily rebalancing and compounding can make longer-term performance differ from that target.
A separate item about ranking six AI stocks mentions Anthropic in its headline, but the supplied article contains only a third-party-content notice and provides no stock names, ranking or supporting details.
Key Takeaways
- FCM Travel appointed Mark McSpadden chief product officer on Nov. 12, 2026, to lead product development, AI strategy and technology partnerships.
- The American AI Security Act proposed by Josh Gottheimer and Mike Lawler would require NSA reviews of covered AI models before release or major changes, with a 30-day review and possible extension.
- Anthropic spent $3.4 billion on 1.7 gigawatts of gas generators amid lengthy waits for some U.S. grid connections.
- OpenAI’s GPT-Live combines real-time conversation with backend model tasks; the company says voice use in ChatGPT nearly doubled after launch.
- Lawfty received an investment from The LegalTech Fund, uses data from more than 80,000 cases, and says it has recovered more than $1 billion for clients; it previously secured $40 million in debt financing.
- Banksalad is hiring specialists to pair tailored financial advice with AI support for analysis and consultation preparation.
- Australia’s new AI regulator can enforce safety and security standards; the article says local AI training is needed for effective oversight.
- Hatz AI raised $24 million in Series A funding to expand its MSP network and AI operating system.
- Nebius reported $980.8 million in third-quarter revenue, raised its 2026 spending outlook to about $27 billion, and expects $40 billion–$45 billion in 2027 capital spending.
- The supplied AI-stock ranking article gives no stock names or ranking details beyond its headline and a third-party notice.
FCM Travel names Mark McSpadden chief product officer
FCM Travel has appointed Mark McSpadden as chief product officer. He will lead product development, AI strategy, and technology partnerships for the corporate travel business of Flight Centre Travel Group. McSpadden has more than 15 years of leadership experience in travel and technology. He will work with Melissa Elf and Jessica Dunderdale to connect FCM’s platforms, data, and AI tools and improve the experience for travelers and travel managers.
FCM Travel taps Mark McSpadden to lead product and AI strategy
FCM Travel appointed Mark McSpadden as chief product officer on Nov. 12, 2026, as it expands its proprietary technology. He will oversee product development and partnerships that connect with FCM’s systems, and report to John Morhous, FCTG’s chief experience officer across its corporate brands. McSpadden previously led product and user experience at Amex GBT, held leadership roles at Sabre, and most recently led innovation at USAA Labs. He will work with Melissa Elf and Jessica Dunderdale to align product strategy with customer needs and use data and AI to improve tools for travelers and travel managers.
Mark McSpadden takes charge of FCM Travel product and AI strategy
FCM Travel, the corporate travel arm of Flight Centre Travel Group, named Mark McSpadden chief product officer on Nov. 12, 2026. He will lead FCM’s end-to-end product and AI strategy, including the development and future integration of its core capabilities. McSpadden will work with Global Managing Director Melissa Elf and Global Head of Product Jessica Dunderdale. He will also join FCTG’s technology management team and report to John Morhous, chief experience officer across FCTG’s corporate brands.
Bill would require security reviews for powerful AI models
Representative Josh Gottheimer introduced H.R. 10981, the American AI Security Act, on Nov. 10, 2026. The bill would require the Department of Commerce to set rules for covered foundation models and require developers to give the National Security Agency access before deployment or a major change. The NSA would have 30 days, with a possible 30-day extension, to assess risks such as cyberattacks and assistance in making chemical, biological, or radiological weapons. The bill also sets civil penalties of $500,000 per day for certain violations, creates a court to hear developer appeals, and requires Commerce to review its rules and report to Congress.
Gottheimer and Lawler propose security checks for powerful AI
Representative Josh Gottheimer, a Democrat from New Jersey and co-chair of the House AI Commission, announced a bipartisan AI safety agenda with Representative Mike Lawler, a Republican from New York. Their American AI Security Act would require a national security review before developers release covered AI models. Developers would give the National Security Agency access to assess whether a model could support a serious cyberattack or help create chemical, biological, or radiological weapons. The review would take 30 days, with one possible 30-day extension, and companies could provide technical support and appeal decisions through an expedited process.
Anthropic spends $3.4 billion on gas generators for AI data centers
Anthropic spent $3.4 billion on 1.7 gigawatts of gas generators, enough power for more than one million homes. The company took over a generator order placed with Caterpillar by San Antonio firm OnePWR Solutions, completing the deal in late September. The purchase reflects the growing challenge of securing electricity for AI data centers, as some U.S. grid connections may take five to seven years. Anthropic’s power needs could benefit equipment makers, but gas use may conflict with climate pledges and bring local opposition or new rules.
OpenAI’s GPT-Live separates conversation from behind-the-scenes reasoning
OpenAI described GPT-Live as a system that can talk in real time while sending tasks to a backend model. Its earlier turn-based Realtime system sometimes mistook short sounds or noisy rooms for a user taking over. For tasks such as collecting a name, date, time and address, Aarti said the system should explain its thinking and follow the steps in order, waiting for confirmation before sending work elsewhere. OpenAI also showed two French voices, Brise and Sillage, and said custom voices can be made from prompts or recordings with consent. Yelp, Fin and Speak use the system, and OpenAI says voice use in ChatGPT nearly doubled after GPT-Live launched.
Article on ranking AI stocks offers no details beyond its headline
The provided article content contains only a notice that the material comes from a third party and has not been reviewed by The Globe and Mail. It does not include the article’s claims or supporting details. The headline says the piece discusses ranking six AI stocks and refers to Anthropic, but the content provided does not identify the stocks or explain the ranking.
Lawfty receives investment from The LegalTech Fund to expand AI legal services
Washington DC based personal injury law firm Lawfty received a strategic investment from The LegalTech Fund, announced on November 12, 2026. The funding will help Lawfty improve its AI tools and data analytics systems. Its technology compares injury information with more than 80,000 past cases and connects clients with suitable firms from a network of more than 100 partners. Lawfty says it has recovered more than $1 billion for clients. In October 2024, it also received $40 million in debt financing to expand its AI case management system.
Nebius shares drop nearly 20% as leveraged inverse ETF jumps
Nebius reported third-quarter revenue of $980.8 million, up 571% from a year earlier and above analyst estimates, but delays in data center capacity led it to revise its outlook. The company raised its 2026 capital spending forecast to about $27 billion and expects to spend $40 billion to $45 billion in 2027. Nebius still expects 2027 revenue of $12 billion to $13 billion and aims to reach pre-tax break-even by year-end. As Nebius shares fell nearly 20% on Thursday, the Tradr 2X Short NBIS Daily ETF rose about 39%. The fund targets twice the inverse of Nebius’s daily return, so daily rebalancing and compounding can make longer-term results differ from that target.
Banksalad hires specialists to expand AI supported financial advice
Banksalad Financial Services is recruiting entry level and experienced financial solution specialists through the 30th for its second hiring group. Specialists will use financial and health data to analyze insurance, create solutions for customers, and improve the AI consultation platform. Banksalad plans to use AI for repeated tasks such as data analysis and consultation preparation, while specialists focus on tailored advice. Hiring includes document screening, interviews, and training, followed by an evaluation for full time roles.
Australia’s AI regulator will need local training to enforce safety
Australia introduced a new regulator to oversee the development and use of artificial intelligence systems. The regulator will be able to enforce safety and security standards. Companies will need to maintain security controls, manage risks from their models, quickly report incidents to the government, and undergo independent evaluations. They must also publish safety and security frameworks and keep up with changing standards. The article argues that training AI systems in Australia is needed for the regulator to be effective.
Hatz AI raises $24 million to bring AI tools to small businesses
Hatz AI raised $24 million in a Series A round led by Nadia Partners, with backing from Vestigo Ventures and The Private Shares Fund. The company plans to expand its network of managed service providers, or MSPs, which covers all 50 U.S. states, nine Canadian provinces, and nine other countries. Hatz AI offers MSPs an AI operating system with security controls, spending tracking, and tools for routing work to leading AI models. Its agents and workflows can support tasks such as ticket sorting, marketing, sales leads, and bookkeeping. Hatz AI says its MSP partners have tripled over the past year, revenue grew faster, it has issued more than 15,000 AI builder certifications, and its team has grown from 14 to more than 60 employees.
Sources
- FCM Travel Appoints Mark McSpadden as Chief Product Officer to Lead AI and Technology Strategy
- FCM Travel appoints Mark McSpadden as Chief Product Officer to lead product and AI strategy Â
- FCM Travel appoints Mark McSpadden as Chief Product Officer to lead product and AI strategy
- Representative Josh Gottheimer introduces H.R. 10981: American AI Security Act
- Gottheimer Announces New Bipartisan Legislation on AI Safety to
- Anthropic $3.4B deal raises questions on AI's insatiable power needs
- OpenAI says GPT-Live splits talking from thinking
- Forget Buying All 7 "Magnificent Seven" Stocks. Here's How to Rank 6 Top AI Stocks Right Now (Hint: It Has to Do With Anthropic.)
- US AI-powered personal injury law firm Lawfty announces strategic investment from The LegalTech Fund
- Nebius Crashes 20% as Jensen Huang Shock Rocks AI Stocks: One ETF Is Having a Field Day
- Banksalad Financial Services recruits financial solution specialists, expands AI sales system
- Why Labor’s AI regulator needs onshore training to work
- Hatz AI raises $24M to help small businesses go AI-native through their MSPs
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