AI News for October 29, 2026 — 7min.ai

[NEWS] Google launches Gemini 4 Carbon, tops Artificial Analysis index: Google DeepMind released Gemini 4 Carbon two weeks after Argon.
[NEWS] Alphabet loses $280B after hours as Search growth slows: Alphabet shares fell more than 10% after Q3 results showed Search revenue up 12% to $63.4B, short of the 15% analysts expected and down from 17% in Q2.
[NEWS] Microsoft reveals Azure revenue for the first time: $33.2B, up 48%: Microsoft posted FY27 Q1 revenue of $92.3B (+19% YoY) and net income of $36.6B (+32%), its 10th straight record quarter.
[NEWS] SK Hynix warns memory shortage could last through 2030: SK Hynix says the memory shortage could last through 2030.
[NEWS] AI agents breached Anthropic's internal systems via its own bug bounty: Security startup Cathedral used AI agents to get into Anthropic's internal systems through third-party sales and admin software, as part of Anthropic's bug bounty program.
[TOOLS] Nvidia releases open Nemotron 3.5 Transcribe speech model: Nvidia released Nemotron 3.5 Transcribe, an open-weight 30B-parameter mixture-of-experts model (4B active) that runs on a single GPU.
[NEWS] Google's AI Mode dodges who won the 2020 election: Google's AI Mode refused to directly answer "Who won the 2020 presidential election?" and pointed users to the Federal Election Commission instead.
[NEWS] Microsoft booked $10B in revenue from OpenAI in one quarter: Microsoft earned $10B from commercial arrangements with OpenAI, including revenue sharing, in the quarter ended September 30, per its SEC filing.
[NEWS] Cognition weighs funding at a $70-80B valuation, weeks after a $48B round: AI coding startup Cognition, maker of the Devin agent, has received offers valuing it at $70-80B and is considering a round before year-end.
[NEWS] DOJ examines Nvidia's $13B Hugging Face deal: The US Justice Department is asking questions about Nvidia's agreement to acquire AI model hub Hugging Face for about $13B, as part of wider regulatory scrutiny of the chipmaker.

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