OpenAI and Anthropic have formally asked Australia to reconsider its ban on using creative content to train AI models. In September submissions to a parliamentary inquiry, both companies argued that a narrow, conditional exemption could protect artists while still drawing significant investment into the country. They tied their request to major infrastructure developments, including OpenAI's data centre agreement with NextDC in Sydney and Anthropic's partnership on a Queensland facility. Australia has said it will enforce AI and data centre rules starting next year, with a government committee expected to report on AI laws in November.
On the international stage, leaders from roughly twenty countries and the European Union called for a global oversight body to manage AI risks during the United Nations General Assembly. The declaration, signed by nations including Canada, Germany, Australia and Spain, urges international standards and verification for AI development. The United States and China did not sign the statement. The group warned that unregulated AI could pose serious risks if it escapes human control.
Investor Michael Burry, known for predicting the subprime mortgage collapse, warned that 70 percent of AI revenue depends on just two companies. His analysis traces a chain from NVIDIA through Microsoft to a major customer, and he cautioned that trouble at one of these firms could shake the broader AI market. Burry did not disclose a source for the 70 percent figure, but his warning comes as AI spending continues to climb rapidly.
Beyond the biggest tech names, investment opportunities in AI are broadening. Auritro Kundu of AGF Investments said rewards are spreading past semiconductors and hyperscalers, and his team has taken positions in Snowflake and Atlassian. He expects new demand as AI becomes cheaper and more widely adopted, while noting that infrastructure spending remains important. Kundu believes the AI opportunity is still in its middle innings.
US spending is shifting away from residential investment and toward data centres, according to Adam Shapiro of the Federal Reserve Bank of San Francisco. He described the move as massive, driven by growing demand for data storage and computing power from AI, along with the need for more efficient cloud infrastructure. The trend is expected to persist as the AI buildout accelerates.
Bitcoin mining companies that have pivoted toward AI and high-performance computing are outperforming traditional miners. Firms like Core Scientific, TeraWulf and RIOT are up between 21 and 94 percent year-to-date, and AI-integrated miners trade at over 12 times forward sales compared to two to six times for their peers. However, the sector faces a $50 billion funding gap to expand AI capacity further.
Astera Labs shares rose after the company expanded its Leo Smart Memory Controller lineup to address memory bottlenecks in AI and cloud workloads. Investors also welcomed updates on the Scorpio X-Series fabric switch production ramp. Astera Labs has strong margins and a debt-free balance sheet, though uneven profitability and reliance on the Scorpio product line remain risks.
Rocket One announced it will acquire Tracer Drone Technologies, a revenue-generating platform for drone sales and services. The deal gives Rocket One an operating drone platform for public safety, enterprise and first-responder markets, and opens a commercial channel for Swarm Stage AI. Tracer will run as a wholly owned subsidiary once the deal closes.
Chattanooga Police Department plans to ask the City Council for approval on a contract worth up to 15 million dollars over five years for AI-enabled camera technology. The move follows the department's earlier rejection of Flock surveillance tools, and officials have not yet confirmed which specific technology will be purchased.
Alibaba's Qianwen Office launched an enterprise AI Agent product suite at the 2026 Apsara Conference in Hangzhou. The lineup includes Enterprise Context, Digital Employees, Collaboration Spaces and a Security Center. CEO Chen Yusen set a sales target of 10 million units for the QwenNote A2 AI device, and the company partnered with Honor for deployment of its full-stack AI smartphone solution, Qwen Intelligence.
Key Takeaways
- OpenAI and Anthropic urged Australia to allow AI training under conditional approval, linking their request to data centre projects in Sydney and Queensland.
- About twenty countries and the EU called for a global AI oversight body at the UN General Assembly; the US and China did not sign.
- Investor Michael Burry warned that 70 percent of AI revenue depends on two companies, tracing a chain from NVIDIA to Microsoft.
- AGF Investments sees AI opportunities expanding beyond semiconductors and hyperscalers, with positions in Snowflake and Atlassian.
- US spending is shifting from residential investment to data centres, driven by AI demand for storage and computing power.
- Bitcoin miners pivoting to AI are up 21 to 94 percent year-to-date and trade at over 12 times forward sales, but face a $50 billion funding gap.
- Astera Labs expanded its Leo Smart Memory Controller lineup and reported strong margins, though reliance on the Scorpio X-Series ramp remains a risk.
- Rocket One acquired Tracer Drone Technologies to enter public safety and enterprise drone markets and open a channel for Swarm Stage AI.
- Chattanooga Police Department plans to seek approval for up to $15 million in AI-enabled camera technology over five years.
- Alibaba's Qianwen Office launched an enterprise AI Agent suite and set a sales target of 10 million units for the QwenNote A2 device.
OpenAI and Anthropic urge Australia to ease AI training ban
OpenAI and Anthropic asked Australia to reconsider its ban on using creative content to train AI models. They said a limited exemption could protect artists while attracting investment. Australia plans new AI rules starting in 2027 but has ruled out copyright exemptions. The companies made their plea in September submissions to a parliamentary inquiry.
OpenAI and Anthropic press Australia for AI training exemption
OpenAI and Anthropic called on Australia to allow AI model training through a narrow form of conditional approval. They said global economies could gain hundreds of billions of dollars from AI investment by the end of the decade. Australia has said it will enforce AI and data centre rules from next year. A government committee is set to report on AI laws in November.
OpenAI and Anthropic push Australia for conditional AI training
OpenAI and Anthropic urged Australia to rethink its ban on AI training using local creative content. Anthropic said conditional approval could protect artists and draw investment. OpenAI asked for a balanced copyright framework that lets models learn from public information. The Joint Select Committee on Artificial Intelligence will deliver its report in November.
Anthropic and OpenAI seek limited AI training exemption in Australia
Anthropic and OpenAI asked Australia to permit AI training under strict conditions that support creators. Both companies tied their request to major infrastructure projects in Australia. OpenAI signed an offtake agreement with NextDC for a Sydney data centre. Anthropic was named a partner for a data centre in Queensland. The government faces pressure as creators oppose unapproved use of their work.
Dozens of countries call for global AI safety oversight
Leaders from about twenty countries called for international safety measures to control AI development. They warned that unregulated AI poses serious risks if it escapes human control. The declaration was shared during the United Nations General Assembly. Countries including Canada, Germany, Australia, and Spain signed it. The United States and China did not sign the declaration.
20 countries and EU call for global AI oversight body
Twenty countries and the European Union proposed a global oversight body to manage AI risks. The group includes Germany, Canada, Australia and Singapore. They want international standards and verification for AI development. The United States and China did not join the statement. The proposal was released as world leaders prepare for the UN General Assembly.
Big Short Investor Warns AI Revenue Hinges on Two Companies
Investor Michael Burry warned that 70 percent of AI revenue depends on just two companies. He traced a chain from NVIDIA to Microsoft to a key customer. He said one of these companies may be in serious trouble. He did not provide a source for the 70 percent figure. The warning raises concerns about the stability of the AI buildout.
Big Short Investor Warns AI Industry Depends on Two Firms
The investor who predicted the subprime collapse says the AI industry relies heavily on two companies. He says one of them keeps him worried. His analysis connects NVIDIA, Microsoft and a major customer. He warns that problems at one firm could shake the entire AI market. The warning comes as AI spending continues to grow rapidly.
Chattanooga Police Seek AI Camera Tools After Flock Rejection
The Chattanooga Police Department plans to ask the City Council for approval on a contract worth up to 15 million dollars over five years. The contract is for AI-enabled camera technology. Officials have not yet confirmed exactly what technology will be purchased. The move follows the department's earlier rejection of Flock surveillance tools. The decision aims to improve public safety monitoring.
Alibaba's Qianwen Office Launches Enterprise AI Agent Suite
Alibaba's Qianwen Office unveiled an enterprise-grade AI Agent product suite at the 2026 Apsara Conference in Hangzhou. The suite includes Enterprise Context, Digital Employees, Collaboration Spaces and a Security Center. CEO Chen Yusen set a sales target of 10 million units for the QwenNote A2 AI device. The product also includes Qwen Intelligence, a full-stack AI smartphone solution. The company partnered with Honor for deployment.
Astera Labs stock rises on AI hardware expansion
Astera Labs shares surged after expanding its Leo Smart Memory Controller lineup to ease memory bottlenecks in AI and cloud workloads. Investors also cheered updates on the Scorpio X-Series fabric switch production ramp. The company has strong margins and a debt-free balance sheet. However, uneven profitability and reliance on the Scorpio product ramp remain risks.
AI investment opportunities expand beyond tech giants
Auritro Kundu of AGF Investments says AI investment rewards are spreading beyond semiconductors and hyperscalers. He expects new opportunities as AI becomes cheaper and more widely adopted. His team has taken positions in Snowflake and Atlassian. He also sees potential in health care and says infrastructure investing remains important. Kundu believes the AI opportunity is still in its middle innings.
Rocket One acquires Tracer Drone Technologies for AI channel
Rocket One announced it will acquire 100% of Tracer Drone Technologies, a revenue-generating drone sales and services platform. The deal gives Rocket One an operating drone platform for public safety, enterprise and first-responder markets. It also creates a commercial channel for Swarm Stage AI and potential AI-enabled autonomous and counter-UAS offerings. Tracer will operate as a wholly owned subsidiary after closing.
US investment shifting from homes to data centers
Adam Shapiro of the Federal Reserve Bank of San Francisco says US spending is moving away from residential investment toward data centers. He calls the shift massive and driven by growing demand for data storage and computing power from AI. The shift is also fueled by the need for more efficient and secure cloud computing. This trend is expected to continue as the AI investment boom accelerates.
Bitcoin miners pivoting to AI earn higher valuations
Bitcoin mining companies shifting to AI and high-performance computing are outperforming traditional miners. AI-focused miners like Core Scientific, TeraWulf and RIOT have gained 21% to 94% year-to-date. AI-integrated miners trade at over 12 times forward sales compared to 2-6 times for traditional miners. However, the sector faces a $50 billion funding gap to expand AI capacity.
Sources
- Anthropic, OpenAI call for Australia to relax ban on training of AI models
- Anthropic, OpenAI call for Australia to relax ban on training of AI models
- OpenAI, Anthropic push Australia for ‘conditional’ AI training approval
- Anthropic, OpenAI call for Australia to relax ban on training of AI models
- Dozens of countries call for international oversight of AI
- 20 countries propose global oversight body to manage AI dangers
- Big Short Investor Issues AI Warning: '70% of AI Revenue Is Just Two Companies, And One of Them I Think Is in Trouble'
- Big Short Investor Issues AI Warning: ‘70% of AI Revenue Is Just Two Companies, And One of Them I Think Is in Trouble’
- Chattanooga police seek AI-enabled camera tools after rejecting Flock
- Alibaba's Qianwen Office Unveils Enterprise-Grade Agent Product, Targets 10 Million AI Hardware Units
- Astera Labs Soars As AI Hardware Bet Gains Steam
- AI opportunities moving beyond the obvious winners
- Rocket One to acquire revenue-generating Tracer Drone Technologies, adds drone sales, services and AI channel
- AI Investment Boom Is 'Massive' — Top Economist Says US Spending Is Moving Away From Homes and Toward Data Centers
- Bitcoin miners shifting to AI infrastructure see valuation premiums up to 12x forward sales
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