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Friday 16 October 2026 Top stories today: - Meta’s Muse Spark Open debuts, tops U.S. open-weight AI rankings - Anthropic IPO valuation expectations falls to ~$1.5T from ~$2T - Ramp raises $1.85B at $60B valuation, hits $2B annualized revenue - Amazon unveils Bee Frontier wristband, Bee Eclipse AI recorder - Tesla showcases Roadster with aerial flips, jumps using thrusters 0. Data & Calendar All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT). All times are ET. Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations): 1. Meta’s Muse Spark Open debuts, tops U.S. open-weight AI rankings Muse Spark Open surpassed NVIDIA’s Nemotron 3.5 Super VL, the previous top U.S. open-weight model, on the Artificial Analysis Intelligence Index: - Costs $1.25/$4.25 per 1M input/output tokens, vs. Nemotron’s $0.10/$0.40, DeepSeek V4.1 Flash’s $0.006/$1.20 (peak rate), and Gemini 3.8 Flash’s $0.75/$3.75 (until Dec. 31). - 816B total parameters (42B active) and a 1M-token context window. - Meta’s custom Muse Model license requires “Built with Muse Spark Open” attribution. - Meta partnered with Apple to bring Muse Spark Open to M5 Ultra Mac Studios. - Former Apple executive Daniel Gross helped bring Meta and Apple together, Alexandr Wang said. Get the chance to peek inside founders and leaders’ brains and see how they think about going from zero to 1 and beyond. Join thousands of weekly readers at Google, OpenAI, Stripe, TikTok, Sequoia, and more. Check all the tools and more here, and outperform the competition. *Sponsored. 3. Anthropic IPO valuation expectations said to fall to ~$1.5T from ~$2T on slower Q3 revenue growth - Some investors reportedly disappointed as Anthropic’s sequential growth slowed. - Anthropic is giving METR employee-like access to evaluate its models and safety practices. Framer is the AI website builder for teams that care about every detail. Agents work directly in the canvas, helping design pages, manage CMS content, write copy, add SEO, and audit sites. Build faster: Create, refine, and publish production-ready pages in minutes. Scale confidently: Manage content, localization, and metadata across your site. Stay in control: Review every change, collaborate in real time, and publish when ready. Trusted by teams at Miro and Perplexity *Sponsored. Athyna Intelligence builds what comes after. PhD researchers and domain experts author verified, containerized tasks in the Terminal-Bench and GDPval mold, spanning coding, finance, accounting, engineering, and more. On our harder tasks, frontier models score 0 out of 5. *Sponsored. 7. Amazon unveils $75 Bee Frontier wristband, $100 Bee Eclipse AI recorder - Bee Pro costs $12/mo. for unlimited summaries and Amazon, Alexa+, Gmail, and Google Calendar integrations. - Bee Frontier is available on Amazon.com, while Bee Eclipse goes on sale soon. - 2025: Amazon acquired AI hardware startup Bee.
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