Today's briefing: Anthropic's most powerful models, Fable 5 and Mythos 5, remain offline worldwide after a US export control order, even as the company fights the Pentagon in court. SpaceX enters its second week on the Nasdaq, propelled by forced index buying ahead of likely Nasdaq 100 entry. China's open weight surge accelerates as Moonshot AI ships the trillion parameter Kimi K2.7 Code, MiniMax tops the open weight leaderboard with M3, and Z AI releases GLM five point two. Google's Gemini 3.5 Pro remains the most anticipated model still unshipped. Nvidia's Jensen Huang likens the coming AI IPOs to early Amazon, while Goldman Sachs pegs AI capital spending through twenty thirty-one at seven point six trillion dollars. OpenAI files confidentially for its IPO alongside Anthropic, the Vatican publishes an encyclical urging that AI be disarmed, Microsoft brings multi model choice and agentic Copilot Cowork to Microsoft 365, and the White House moves to federalize AI policy with a deregulatory executive order.
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