AI News, Oct 31, 2026: US tech stocks fall by nearly $1 trillion on AI spending doubts

Investors question AI spending, while security and publisher-control stories show how the tools are changing.

1. 01
   Apple Intelligence is coming to China with iOS 27.3The Verge AI

   Apple announced on its Chinese newsroom site that Apple Intelligence will launch in China with iOS 27.3, starting with a beta due November 4.

   Why it matters

   iPhone users in China will get Apple's AI features, first in a beta on November 4, with a full release scheduled afterward.
2. 02
   Anthropic may get a high-risk 'junk' credit rating after IPO, FT reportsTechCrunch

   The Financial Times reported that Blackstone expects credit agencies to give Anthropic a high junk rating following its IPO, a forecast rather than a confirmed rating.

   Why it matters

   A weak credit rating would make borrowing costlier for Anthropic, which could affect how it funds its AI development and pricing.
3. 03
   OpenAI, Google, Microsoft and Anthropic back a shared AI scraping opt-outThe Verge AI

   OpenAI, Google, Microsoft and Anthropic said they will adopt a standard letting publishers state their AI training preferences once for all participating companies.

   Why it matters

   Website owners can now set one preference for AI training across several big companies instead of managing a separate control for each.
4. 04
   US tech stocks fall by nearly $1 trillion on AI spending doubtsThe Guardian AI

   A tech sell-off after weak earnings from major companies cut US market value by nearly $1 trillion as investors questioned AI returns.

   Why it matters

   Falling tech stocks can affect retirement funds and index investments, and signal investors doubt AI spending will pay off quickly.
5. 05
   Tampered Claude Code extension found on Cursor's marketplaceThe Decoder

   A malicious Claude Code extension was live on Cursor's marketplace for about 11 hours, reaching up to 5,000 users and trying to steal data and gain remote access.

   Why it matters

   Add-ons for coding tools can carry malware. Anyone who installed this one could have had data exposed, so check what you install.
6. 06
   Reddit says Google's AI search cut its referrals by over a million a weekThe Decoder

   Reddit CEO Steve Huffman said the site lost over one million weekly Google referrals in October, blaming AI Overviews and AI Mode, and its stock fell more than 25 percent.

   Why it matters

   AI search answers may send fewer visitors to the sites that supply information, which could push more sites behind logins.
7. 07
   Google's first AI chip satellite responds from spaceTechCrunch

   Google said its satellite's TPUs booted up and its onboard Gemma 4 model wrote a haiku about space, the first response sent to Earth.

   Why it matters

   It is an early test of running AI hardware in orbit, one idea for adding computing capacity beyond ground data centers.
8. 08
   Open model GLM 5.3 built working Firefox attacks in under 48 hoursThe Decoder

   Epoch AI researchers reported that the open-weight GLM 5.3 model autonomously compromised six Firefox releases for about $1,000 in fees each, without triggering safeguards.

   Why it matters

   Attackers may be able to turn security fixes into exploits faster than people update, making prompt software updates more important.