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OpenAI CEO Sam Altman (Mandel Ngan/Getty Images)
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OpenAI releases open-weight “gpt-oss” models to compete with DeepSeek, Meta

OpenAI’s open-weight models match or beat the company’s state-of-the-art models in some tests, and can run on a laptop. The company is joining Meta and DeepSeek in releasing open-weight models for free use.

Jon Keegan

Today, OpenAI released “gpt-oss,” its first “open-weight” large language model since 2019’s GPT-2. The new “reasoning” model comes in two sizes, 120b and 20b, and can be run locally on a laptop — and the smaller one can even run on a phone, according to the company. OpenAI says the new models outperform or exceed the company’s proprietary o3, o3-mini, and 04-mini in some tasks. The models do not generate images or video.

The models are open-source, which means free for anyone to use — but importantly, they are also “open-weight,” which means the internal parameters generated from training the model are made available. Open-weight models, such as Meta’s Llama models, allow developers to customize the model further or run them on their own infrastructure without having to pay OpenAI a license or subscription.

The release of DeepSeek’s open-source model, which shook the AI world with its faster, cheaper, better approach to doing more with less, put pressure on companies like OpenAI that mainly offered proprietary models that had to run on their own infrastructure.

Releasing the model weights does not include the original training data used by the developers. OpenAI does not share the models or weights for its recent models, including GPT-3, GPT-4, or its “o” series models.

In a post on X announcing the new models, OpenAI cofounder and CEO Sam Altman said they are a “big deal” and that the company is hopeful the release will “enable new kinds of research and the creation of new kinds of products. We expect a meaningful uptick in the rate of innovation in our field, and for many more people to do important work than were able to before.”

“We believe far more good than bad will come from it.”

OpenAI says that it dedicates a huge amount of resources to making sure its hosted models are safe from misuse, but releasing a powerful open-weight model that’s on par with its current state-of-the-art models creates new risks beyond the visibility of OpenAI’s safety team.

Altman wrote, “We have worked hard to mitigate the most serious safety issues, especially around biosecurity. gpt-oss models perform comparably to our frontier models on internal safety benchmarks.”

Acknowledging the balancing of risks and benefits of releasing such a powerful technology, Altman wrote, “We believe far more good than bad will come from it.”

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After Tesla earnings, prediction markets think unsupervised FSD is less likely than ever to be rolled out this year

Tesla’s unsupervised full self-driving technology, which would autonomously ferry passengers around without a human driver having to pay attention, is supposed to help catapult the electric vehicle company’s valuation further into the stratosphere. It was also supposed to be available this year, but prediction markets participants, as well as former Tesla self-driving leaders, no longer think that will happen.

On Teslas earnings call this week, CEO Elon Musk said the company now had “clarity” on achieving unsupervised full self-driving — something he’s repeatedly said would be available at least in some markets this year.

The comments seemed to give Polymarket prediction markets participants some clarity. There, the market-implied probability that Tesla will release unsupervised FSD this year reached its lowest point since the event contract was opened in May.

The odds of it happening had been pretty high up until late June, when Tesla’s long-awaited robotaxi launched with a safety driver in the passenger seat. The unsupervised FSD event contract specifies the feature can have “no requirement for human intervention.”

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Banks prepare record $38 billion debt financing to fund Oracle-tied data centers

Banks led by JPMorgan and Mitsubishi UFJ are preparing a $38 billion debt offering to fund two Oracle-tied data centers in Texas and Wisconsin, Bloomberg reports. The projects, developed by Vantage Data Centers, will support Oracle’s $500 billion Stargate AI infrastructure push with OpenAI and Nvidia.

The loans — $23.25 billion for Texas and $14.75 billion for Wisconsin — are expected to mature in four years, price about 2.5 percentage points higher than the benchmark rate, and mark the largest AI infrastructure financing to date.

Oracle executives recently said that the company anticipates cloud gross margins will reach 35% and that it expects to see $166 billion in cloud infrastructure revenue by FY 2030.

Oracle is up 1.5% premarket.

The loans — $23.25 billion for Texas and $14.75 billion for Wisconsin — are expected to mature in four years, price about 2.5 percentage points higher than the benchmark rate, and mark the largest AI infrastructure financing to date.

Oracle executives recently said that the company anticipates cloud gross margins will reach 35% and that it expects to see $166 billion in cloud infrastructure revenue by FY 2030.

Oracle is up 1.5% premarket.

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Google rises on official announcement of Anthropic deal worth “tens of billions”

Google has made its deal to expand AI compute to Anthropic, reported earlier this week by Bloomberg, official. In order to train and serve its Claude model, Anthropic has agreed to pay Google Cloud “tens of billions of dollars” to access up to 1 million tensor processing units, or TPUs, as well as other cloud services.

Google, of course, has a 14% stake in Anthropic, making this one of the many circular AI deals happening at the moment.

“Anthropic and Google have a longstanding partnership and this latest expansion will help us continue to grow the compute we need to define the frontier of AI,” Anthropic CFO Krishna Rao said in the press release. “Our customers — from Fortune 500 companies to AI-native startups — depend on Claude for their most important work, and this expanded capacity ensures we can meet our exponentially growing demand while keeping our models at the cutting edge of the industry.”

The announcement has sent Google up again, more than 1% premarket.

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Report: Snap seeking $1 billion to finance its AR glasses division in “existential” fundraise

Snap is down more than 1% this morning following news that the company is attempting to raise $1 billion for its AR glasses unit in what someone told Sources.news was an “existential” fundraise.

A Snap spokesperson countered, “We do not need to raise money to execute against our plans to publicly launch Specs in 2026, but remain open to opportunities that could accelerate our growth.”

Multiple investors are involved in the talks, including Saudi Arabia’s Public Investment Fund, according to Sources.news. The report also noted that Snap plans to turn the unit that makes its Specs glasses into an independent subsidiary à la Google’s Waymo “that can continue raising capital from investors.”

Snap plans to produce about 100,000 units of next year’s Specs, pricing them around $2,500.

The beleaguered stock saw quite a bit of retail interest last month, amid r/WallStreetBets chatter that its low nominal price made it a potential acquisition target.

Multiple investors are involved in the talks, including Saudi Arabia’s Public Investment Fund, according to Sources.news. The report also noted that Snap plans to turn the unit that makes its Specs glasses into an independent subsidiary à la Google’s Waymo “that can continue raising capital from investors.”

Snap plans to produce about 100,000 units of next year’s Specs, pricing them around $2,500.

The beleaguered stock saw quite a bit of retail interest last month, amid r/WallStreetBets chatter that its low nominal price made it a potential acquisition target.

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