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According to Beating report, GitHub officially launched the multi-model scheduling system Copilot Fusion at the Universe 2026 conference. Simple tasks will be handled by the appropriate model; complex tasks can first be attempted by a lower-cost model, and if the results are insufficient, it can switch to a stronger model or allow different models to check each other.Independent evaluation agency Artificial Analysis's tests show that Fusion Max's overall programming score is 60, close to Claude Code paired with Opus 5.5 Max's score of 62. Fusion Max's average API cost per question is $5.59, taking about 36 minutes; Claude Code paired with Opus 5.5 Max costs $11.42, taking about 60 minutes, reducing costs by about 51% and shortening time by about 40%.In the evaluation, Fusion's cache hit rate was 97%, while Claude Code's was 95%. The original text also noted that frequent model switching may cause cache loss, and the above results only represent specific benchmark tests, not implying that all tasks in actual use can save half the cost.

According to The Defiant, the USDT market of the MakerDAO ecosystem lending protocol SparkLend currently has a borrowable liquidity of 11.95 million dollars, with a utilization rate maintained at around 96%. Earlier this week, the liquidity in this market tightened.In terms of interest rates, the current annualized yield for USDT depositors is approximately 6.9%, while borrowers are subject to an annualized borrowing rate of about 7.7%.

On October 29, at the Tencent Global Digital Ecosystem Conference, Tencent Group Senior Executive Vice President Tang Daosheng stated that Tencent Cloud is accelerating the construction of global data centers, having deployed over 2 million servers.Tang Daosheng mentioned that in the past year, Tencent Cloud's overseas AI demand has achieved triple-digit growth, and the number of active international customers has doubled. Tencent Cloud previously collaborated with the Hunyuan team to increase the single-card throughput of domestic chips by 5 times two weeks before launch, and the model Hy4 will be launched soon.

Allium CEO and Co-founder Ethan Chan stated that Allium discovered a security incident on October 25, involving unauthorized access to some of its systems. Allium immediately took measures to limit access and protect the systems, has directly notified affected customers, and continues to provide updates and support.Allium has engaged an independent cybersecurity firm to assist with the response and investigation, focusing on strengthening security controls such as authentication and monitoring. After the investigation is completed, it plans to share a summary of the findings and response measures. Allium stated that its core platform, including Allium App, Explorer, and Explorer APIs, has been restored, although some features remain temporarily unavailable during the recovery period, with the latest availability and updates published on the status page. Ethan Chan expressed apologies for the disruption caused by the incident and stated that maintaining customer trust requires clear communication and ongoing follow-up.

Alphabet, Google's parent company, announced its third-quarter financial report for 2026 in the early hours of October 29, Beijing time. The quarterly revenue was $127.6 billion, a year-on-year increase of 25%, achieving double-digit growth for the 13th consecutive quarter, with an annualized revenue run rate of $500 billion. Revenue slightly missed Wall Street expectations, and net profit declined year-on-year, overall falling short of market expectations.Google Cloud revenue grew 103% year-on-year to $30.7 billion, a record increase, mainly driven by demand for enterprise AI infrastructure, AI solutions, and TPU-related needs. Google Services revenue increased by 11% to $96.3 billion, with search and other advertising revenue growing by 12% year-on-year, and YouTube advertising revenue increasing by about 9% to $11.2 billion. The company stated that the year-on-year growth rate of search queries was the highest in nearly five years, with AI-related features contributing to increased usage.Net profit attributable to common shareholders was $26.2 billion, a year-on-year decrease of about 25%, with earnings per share of $2.12. The profit decline was mainly affected by losses from equity securities investments, with related losses for the quarter amounting to about $8.7 billion, whereas this item had contributed significantly to profits in the same period last year. Operating profit increased by 30% year-on-year to $40.6 billion, with an operating margin rising to 31.8%. The free cash flow for the quarter was negative, and the full-year capital expenditure guidance remained at $195 billion to $205 billion. After the financial report was released, Alphabet's stock price fell by 9.84% in after-hours trading.

In Q3 2026, Alphabet's Google Cloud business revenue was $30.71 billion, while the market expectation was $29.566 billion.

Google and Microsoft will announce their financial reports after the U.S. stock market closes.

According to Bloomberg, AI cloud security company Upwind announced the completion of a $400 million financing round, led by Bessemer Venture Partners, with participation from existing investors such as Greylock Partners and Craft Ventures, bringing its valuation to $3.8 billion.Upwind primarily provides security protection for enterprise cloud infrastructure, capable of detecting malware and suspicious activities, and this year expanded its platform to address AI-related security risks. The new funds are intended for engineering research and development as well as building sales and marketing teams.

Amazon will announce its earnings report after the U.S. stock market closes on Thursday. Whether AWS's growth rate can return to above 40%, along with the $22 billion capital expenditure and advertising monetization efficiency, will be the focus of the earnings report. The forecast for Q3 of fiscal year 2026 is a single-quarter revenue of $20.244 billion, expected to grow by 12.25% year-on-year; the net profit forecast is $21.363 billion, expected to grow by 0.83% year-on-year.Bank of America expects AWS revenue to grow by 40% year-on-year, higher than the market's general expectation of 38%; HSBC expects its operating profit to reach $27 billion, with sales slightly above the upper guidance limit. JPMorgan believes that the expansion of AWS profit margins and improvements in retail business efficiency will continue to drive profit growth, while Morgan Stanley emphasizes the retail business's layout in the smart agent commerce field and the market position of the Bedrock AI platform.

The Science and Technology Innovation Board Daily reporter Huang Xinyi exclusively learned that Baidu plans to disclose the research and development progress and results of its world model in the coming days. The world model is one of the popular directions in the current AI field, focusing on modeling and predicting physical environments. It is reported that if this model is used for autonomous driving, it could enhance prediction and decision-making capabilities in complex scenarios, providing support for the large-scale implementation of driverless cars.In the past year or two, Baidu's autonomous driving service, Luobo Kuaipao, has covered 28 cities worldwide and has accumulated a certain scale of real road data. In recent years, Baidu has also been continuously making strategic layouts in the field of embodied intelligence, serving more than 50 key enterprises in the industrial chain, including the Beijing Humanoid Robot Innovation Center, Zhiyuan, Xinghaitu, and Yushu. As for the specific applications of this model and its relationship with Luobo Kuaipao, it is currently unclear, and Baidu has not commented as of the time of publication.

According to "Du Jia," Tencent has launched the internal testing of "Tencent Cloud Drive," with some features still being iterated, and plans to release an App version. This product focuses on file storage, data management, and AI applications, with a core positioning as a unified memory base for multiple Agents, aiming to connect various AI applications and office tools, unify and carry context, allowing multiple Agents to collaborate based on the same information.Practical tests show that the internal test version retains basic entry points such as the homepage, files, recycle bin, and storage space, with a floating AI assistant panel on the right side. The core highlight of the product is its "connection" capability, supporting binding with Tencent Docs, WorkBuddy, and integrating third-party Agents like DeepSeek Harness and OpenClaw. After authorization, the Cloud Drive AI assistant can read application files, automatically sync updates, and directly call information as a knowledge base for retrieval, summarization, and content generation. The binding page will clearly inform users of the scope of permissions and the rules for AI credit consumption.The report points out that, unlike traditional Cloud Drive AI's document summarization, this system fully connects documents, Cloud Drive files, and Agent workspaces, shifting the Cloud Drive from a file repository to a data memory platform in the AI era.

Web3 infrastructure and payment network Diamante announced that its ecosystem has experienced a security breach involving unauthorized activities by malicious actors. Upon discovery, the team immediately activated emergency security protocols and coordinated with exchange partners, market makers, liquidity providers, and listing partners to suspend affected withdrawals and transfers, restrict unauthorized asset movement, and prevent further exploitation.Diamante stated that the investigation has identified the suspected attackers and is coordinating with law enforcement agencies, government entities, and jurisdictional partners in multiple countries to seek legal action and asset recovery. A comprehensive incident review has been initiated to determine the cause of the breach, the sequence of events, the scope of affected assets, and to strengthen the infrastructure. Diamante is committed to ensuring that every affected participant is fully compensated and will continue to update the incident scope, asset recovery progress, and protective measures upon obtaining verified information.

CryptoQuant analyst BaykusCharts stated that Binance's Ethereum open interest is currently about 5.8 billion USD, which is about half of last summer's peak of over 12 billion USD. On the surface, this looks like large-scale deleveraging, but open interest is denominated in USD, and the ETH price has also dropped by about half during the same period. When converted to ETH, the current open interest is about 2.5 million ETH, close to the peak of about 2.5 million ETH. Therefore, the decline is primarily driven by price rather than traders closing their positions.In terms of funding rates, the significant positive premiums seen in early 2021 and early 2024 have disappeared. After experiencing several periods of negative funding rates this year, it is currently just slightly above zero, with both long and short positions not overly crowded, and longs are not paying significant premiums. Analysis suggests that there is still a large amount of leveraged ETH exposure in the market, but there is a lack of strong directional confidence. This limits the risk of a one-sided liquidation chain reaction, but it also means that any decisive breakthrough in either direction could accelerate quickly. The key signals are: a price increase and a sharp rise in funding rates indicate long crowding; a price decrease and an increase in open interest indicate a growth in short positions.

According to Gate data, the U.S. stock market closed on Tuesday (October 27), with the Dow Jones Industrial Average up 0.03%, the S&P 500 index up 0.60%, and the Nasdaq up 1.18%.Neocloud stocks rose across the board, with Nebius (NBIS) up 11.22%, Cipher Digital (CIFR) up 9.99%, Galaxy Digital (GLXY) up 9.57%, Applied Digital (APLD) up 9.42%, CoreWeave (CRWV) up 7.94%, and IREN up 7.90%.Most optical communication concept stocks strengthened, with Credo (CRDO) up 10.77%, Astera Labs (ALAB) up 10.47%, Applied Optoelectronics (AAOI) up 6.96%, Coherent (COHR) up 6.38%, and Lumentum (LITE) up 5.88%.Storage stocks rose across the board, with Western Digital (WDC) up 6.95%, SanDisk (SNDK) up 3.92%, Seagate Technology (STX) up 3.67%, Micron Technology (MU) up 2.77%, and SK Hynix (SKHY) up 1.92%. Semiconductor stocks also rose, with AMD up 5.45%, Marvell Technology (MRVL) up 4.19%, Broadcom (AVGO) up 4.00%, Intel (INTC) up 3.61%, and both TSMC (TSM) and ASML up 2.94%.

According to reports from the Financial Associated Press, the three major indices of A-shares quickly fell back in the afternoon, with the ChiNext Index dropping over 3%, after previously rising more than 1%. The trading volume in the Shanghai and Shenzhen markets was 1.46 trillion yuan, a decrease of 147.8 billion yuan compared to the previous trading day, with over 4,900 stocks in the entire market declining.On the market, in the robotics sector, Duolun Technology, Saifutian, and Xiangyang Bearing achieved four consecutive trading limits, while Guangyang Co. achieved two consecutive trading limits, and Dayang Motor reached its daily limit. In the consumer sector, food and beverage and retail led the gains, with Guifaxiang, Sunshine Dairy, and Qingdao Food achieving two consecutive trading limits, and Maoye Commercial and Guangbai Co. reaching their daily limits. The banking sector strengthened during the day, with Shanghai Rural Commercial Bank rising over 4%, reaching a new high for the year, while China Construction Bank and Industrial and Commercial Bank of China set new historical highs.On the downside, the pharmaceutical sector weakened, with Lingkang Pharmaceutical and Wanze Co. hitting their daily limits, and stocks like Nearshore Protein and Shiyao Innovation experiencing significant declines. The edge-side AI concept saw fluctuations and adjustments, with Yidao Information hitting its daily limit, and companies like Xingchen Technology and Yiwei Communication also falling. By the close, the Shanghai Composite Index fell by 1.33%, the Shenzhen Component Index fell by 2.5%, and the ChiNext Index fell by 3.41%.

According to a report by Financial Associated Press, based on the IPO filing released by Anthropic on Monday, sales generated from the cloud markets of the three major cloud service providers—Google, Amazon, and Microsoft—accounted for 48% of Anthropic's total revenue in the first half of 2026, up from 11% in 2023. These cloud service providers collect payments from customers and transfer them to Anthropic after deducting fees, with payments to channel partners increasing by $2.7 billion year-on-year in the first half of this year. The document shows that Anthropic's sales in the second quarter were $11.555 billion, with an operating profit of $974 million.The S-1 describes the aforementioned cloud service providers as simultaneously acting as investors, customers, distribution partners, and competitors, stating that they can understand Anthropic's pricing and commercial terms. It also mentions that these companies may prioritize promoting their own AI models, raising antitrust concerns. The document lists the minimum commitments for computing power as follows: at least $114.5 billion to Google by 2033, at least $110 billion to Amazon by 2036, and $44.9 billion to Microsoft; the minimum commitments remain valid regardless of whether the computing power is actually used. Additionally, it is expected that between 2028 and 2031, $125 billion to $150 billion will be paid for additional TPU computing power.In terms of equity, Amazon and Google currently hold shares without voting rights and are not included in the list of securities with more than 5% voting rights; after the IPO conversion, both will exceed 5% ownership of preferred shares and certain convertible notes. Amazon has invested approximately $18 billion to date and has committed to invest up to an additional $15 billion under specific conditions, with related notes convertible into a maximum of 1.84 billion shares, equivalent to 10.9% of fully diluted shares as of June this year, and subject to a 12% ownership cap. Google has invested approximately $23 billion and has committed to invest an additional $20 billion upon meeting certain conditions, with the latest agreement having a maximum ownership cap of 14.99%. The document also lists a $161.2 billion equipment leasing agreement related to Broadcom, as well as a computing power procurement arrangement with SpaceXAI for up to $120.5 billion.

According to market news, a certain address contract account has accumulated earnings of approximately 21.89 million USD. It closed a short position in BTC with a value of about 10.04 million USD, with an average transaction price of 80,291 USD; subsequently, it opened a long position in BTC valued at approximately 11.97 million USD, with an average transaction price of 79,810 USD. Address: 0xbf732ea04197942783e34730ed6e0f6099575d58.

On-chain treasury protocol Ducat tweeted that the team has decided to gradually shut down the protocol. The protocol design includes a price floor mechanism, and during the shutdown process, the team will prove that Ducat is fully backed by the treasury.The official team has taken a snapshot of the holders, and those who meet the criteria can redeem the corresponding fair value within the treasury without a cooling-off period. Tokens purchased from the liquidity pool after the snapshot will not be eligible for redemption.

Elon Musk stated that SpaceX will not acquire any new cloud service providers.