Daily Check 
One page, every claim linked. Here's what mattered this week.
Top story: Anthropic shows investors a $16.8B quarter
Anthropic told prospective IPO investors on Wednesday that third-quarter revenue rose 45% to $16.8 billion, up from $11.6 billion in Q2, according to two attendees who spoke to Reuters. The company also said it was profitable on an adjusted basis; the figures are unaudited.
Why it matters: The first big test of whether public markets will fund AI labs that spend heavily on compute. Reuters via CNA →
Meta releases a frontier-class open model that runs on two Macs
Meta published the weights of Muse Spark Open: 816B parameters (42B active), a 1M-token context window, and it runs on two Apple M5 Ultra Mac Studios.
Why it matters: Near-frontier AI on a desk gives companies a real alternative to closed APIs. Meta AI →
The EU sends its first AI Act requests to OpenAI and Anthropic
The EU's AI Office sent formal information requests after incidents during model testing. Lawyers argue the Act's R&D exemption covers them.
Why it matters: Requests, not fines — but the outcome decides whether Europe can police how AI is developed. Euronews →
Quick hits
- ASML posted record Q3 sales of €11.7B; says 2027–2028 supply won't fully meet AI demand.
- Modal raised $750M at a $15.75B valuation after passing $1B annualized run rate.