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The Sequence Knowledge - Issue #959: Learning RSI: How Models Learn to Direct Their Own Updates

SEAL and the architecture of persistent adaptation

Regarding the Kimi quota issue, Anthropic has found a solution.

Why isn’t your quota being used? Most of it is going toward “holding ineffective meetings” for sub‑agents.

Neocloud: This wall on the verge of collapse—Jensen Huang is propping it up, while Musk is pushing it down.

The first domino in the AI bubble.

Selling AI Tokens Gets Harder as the Discount Trade Unravels

Model credits are showing up in festival promotions and carrier-style packs. Thin resellers that thrived on opaque markups face quality doubts, enforcement, and better-funded rivals. Durable intermediaries will charge for routing, trust, and integration—not for a secret price cut.

After reading the prospectus, I finally understand why Anthropic no longer cares about its users.

The big one has finally arrived. On October 26, Anthropic publicly filed its S‑1 registration statement with the U.S. Securities and Exchange Commission, preparing to list on the Nasdaq Global Select Market under the ticker symbol ANT. Media reports suggest the company’s valuation is being discussed in a range of $1.5 trillion to $2 trillion, though the proposed offering price range remains undisclosed. Within 24 hours, this more than 300-page prospectus had already been scrutinized inside and outside the tech and finance communities, with everyone focusing on the most eye‑catching figures: revenue of $16.286 billion in the first half of 2026, compared to just $1.163 billion in the same period last year; operating profit of $974 million in the second quarter, marking the company’s first-ever quarterly operating profit; and a net loss of $80.7 billion, largely driven by $72.388 billion in changes to the fair value of convertible bonds, derivative liabilities, and SAFE notes—non‑cash accounting expenses. Yet beyond these Wall Street narratives, domestic developers and everyday users experience something quite different. In the eyes of mainland Chinese users, Claude is arguably the AI product currently facing the most account bans, the strictest risk controls, and the most frustrating user experience. Why does a company that has built a state‑of‑the‑art large model consistently appear so indifferent when dealing with ordinary individual users? After poring over the financial footnotes and risk disclosures in the prospectus, the answer is actually right there in the numbers. In Anthropic’s business landscape, personal users contribute only a very small share of its revenue. 01 Less Than 20% from Individual Users To understand who a company truly prioritizes, the simplest approach is to examine its revenue breakdown. In Note 2 of the financial statements attached to the prospectus, Anthropic splits its revenue into two main categories: usage‑based revenue and subscription revenue. The contrast is stark: for the full year 2025, usage‑based revenue totaled $3.796 billion, while subscription revenue was just $789 million—roughly an 83% to 17% split. By the first half of 2026, usage‑based revenue surged to $13.064 billion, with subscription revenue at $3.222 billion, still leaving usage‑based revenue accounting for about 80% and subscriptions making up roughly 20%. Even more telling details lie hidden within the composition of subscription revenue. Of that 20%, there are both individual users’ Cl

Anthropic still has to keep “charging ahead”

The prospectus shows that in the first half of 2026, the company generated revenue of US$16.286 billion, roughly 14 times that of the same period last year, while its operating loss narrowed from US$2.135 billion to US$693 million.

[AINews] Anthropic files for $2T IPO in 2 weeks: 1400% growth rate, 48% of revenue through cloud partners, 85% margin, $1B op profit in Q2, $134B cash in bank and $10B lifetime burn

The S-1, the numbers, and the reactions.

GPT-6.1 Terra released, with comments: It’s all downloaded.

On the very same day that Anthropic officially filed its IPO prospectus, OpenAI unveiled its new model, GPT-6.1 Terra. This marks the first update to the Terra series in more than three months, and it has already been 27 days since the release of GPT-6.1 Sol on September 29. In its official promotional materials, OpenAI emphasized: “Delivering fast and powerful computing capabilities at a lower price.” However, users don’t seem to be convinced. “Bro, what we need is a model stronger than Opus 5.5. Nobody cares whether it’s faster or cheaper,” one user bluntly remarked, adding that they’ve almost stopped using the Codex subscription because it’s simply not useful anymore. Over the past period, Anthropic has garnered significant attention—particularly in programming-related fields—thanks to Claude Opus 5.5. Many users are now eagerly anticipating Open...

Anthropic is set to go public, and we’ve summarized 11 interesting details from its prospectus.

Last night, Anthropic finally disclosed its IPO application, posting its prospectus on the U.S. Securities and Exchange Commission’s website. Many people also say that, in order to go public, A has finally “become human” after all, unveiling for everyone an ultimate version like Claude Opus 5.5...

Anthropic Races to the Nasdaq: The AI Wealth-Making Myth Is Now at Its Moment of Truth

The significance of Anthropic’s IPO lies not only in another star AI company entering the capital markets, but also in the fact that the AI industry is transitioning from a technology race to a new phase of realizing commercial value.

Microsoft offers a buyout program to 60,000 employees.

Microsoft launches a voluntary severance program to optimize its workforce in light of AI computing costs.

Apple responds to iPhone foldable-screen issue: users can apply for a replacement; reports indicate Tencent’s “Green Bubble” short-form series has surpassed 100 million monthly active users; Anthropic may go public next month | Geek Morning Brief

Anthropic publicly filed its Nasdaq IPO application, targeting a listing during the week of November 16. Anthropic has officially embarked on its path to going public. The company, founded just five years ago and at the heart of the generative AI boom, could set a historic record with this IPO. In documents submitted to the U.S. Securities and Exchange Commission (SEC), Anthropic disclosed plans to list on the Nasdaq under the ticker symbol “ANT,” aiming for an IPO during the week of November 16. The company will issue Class T special shares held by Class T directors. In its prospectus, Anthropic reported first-half revenue of $16.29 billion, compared to $1.16 billion in the same period last year; a net loss of $80.75 billion versus $12.97 billion a year earlier; and an operating loss of $693 million, down from $2.14 billion in the prior-year period. As of September 30, no single customer accounted for more than 10% of the company’s revenue over the nine-month period, with 79% of revenue coming from customers outside the top five. On the partnership front, under an agreement with SpaceX AI, Anthropic has committed to cumulative spending of up to $120.5 billion through 2029. The company also revealed that capital expenditures are expected to rise significantly, potentially requiring additional financing sooner than currently anticipated; it will not pay any dividends in the foreseeable future and has not yet entered into any agreements for major acquisitions; furthermore, it may issue convertible notes totaling up to $42 billion. As of September 30, no single customer accounted for more than 10% of the company’s revenue over the nine-month period, with 79% of revenue coming from customers outside the top five. Regarding partnerships, under an agreement with SpaceX AI, Anthropic has agreed to incur cumulative expenditures of up to $120.5 billion through 2029. (Source: Sina Tech) Apple responds to iPhone Duo internal screen cracking issue: only a small number of devices affected, eligible for replacement. Shortly after the iPhone Duo’s launch, some users reported hinge malfunctions causing cracks in the internal display. Apple has now addressed these reports in a statement to MacRumors, stating that only a very limited number of devices are impacted. Apple did not specify the cause of the cracks nor disclose whether it plans to release a repair solution.

Morning Briefing | Apple responds to cracks in the iPhone Duo’s inner screen / Anthropic files for a public IPO, aiming for the largest IPO in history / Xpeng’s Robotaxi receives approval for Level 4 demonstration operations

· OpenAI releases GPT-6.1 Terra, with API prices cut in half and faster computer performance · Apple officially rolls out iOS 27.2: Apple Music gets a new black-and-white design, and the iPhone Duo now supports the Apple Pencil · Huawei’s Enjoy series has cumulatively shipped over 160 million units #Follow iFanr’s official WeChat account: iFanr (WeChat ID: ifanr) for more exciting content delivered to you第一时间.

Tencent QClaw will be discontinued on December 24, 2026, as Chinese tech giants accelerate the integration of their AI products into general-purpose assistants.

According to a report by Titanium Media on October 26, 2026, Tencent’s AI product QClaw will officially shut down on December 24, 2026, having operated for only 188 days since its public beta launch in March 2026; users will be redirected to WorkBuddy. This case exemplifies the widespread “quick launch, quick exit” pattern among eight leading Chinese AI companies—including Alibaba, Baidu, and ByteDance—across ten major AI market segments: standalone AI applications are rapidly giving way to general-purpose assistants, with the industry’s focus now shifting toward personal intelligent agents.

Why it mattersThe material is based on timely reports published by Titanium Media (tmtpost.com), with a publication time of 2026-10-26T23:23:04Z, which predates the shutdown date and aligns with the site’s time zone (Asia/Singapore). The content covers verifiable entities, specific timelines, and cross-company behavioral patterns, without relying on external sources that were not provided.

[Titan Morning Brief] To address large-scale redemptions by non-bank institutions, the People’s Bank of China has launched a new tool to stabilize the bond market; Audi officially announced in China: the four-ring logo returns to FAW, while the lettering logo goes to SAIC; CICC’s “three-in-one” restructuring has completed settlement, with some newly issued shares becoming tradable on October 29.

Shangwei New Materials and Unitree Robotics have both seen cumulative price deviations exceeding 30% over three consecutive trading days, prompting an urgent risk warning; Cambrian’s chairman has refuted rumors claiming “chip shipments will surpass 1 million units next year”; WuXi AppTec reported a 137% year-over-year increase in Q3 net profit and raised its full-year revenue guidance; Anthropic has filed its IPO registration documents, planning to list on Nasdaq under the ticker symbol “ANT”; Apple is reportedly testing a large‑size, foldable‑screen iPad; and, in a world first, Hong Kong has approved the real-time 24/7 trading of its inaugural batch of compliant publicly offered digital funds.

Why Anthropic’s IPO Prospectus Is Missing So Many Key Figures

Anthropic’s S-1 filing is hundreds of pages long—and it leaves out quite a few financial details. “Anthropic owes investors more information,” one analyst tells WIRED.

Some Observations About Anthropic’s IPO Filing

In an S-1 filing today preceding what could be the largest IPO ever, Anthropic laid out extensive new details about its earnings, growth, key stakeholders and the risks it faces going forward. Clocking in at 335 pages, the document wasn’t exactly light reading. However, in a preliminary once-over, we highlight some of the more intriguing disclosures.

Fleet-wide computer vision lifecycle at the edge with SageMaker SDK v3

Fleet-wide computer vision needs a model per camera, not one model for the whole fleet. This post presents a working Amazon SageMaker SDK v3 reference architecture that trains, quality-gates, compiles per-camera models with SageMaker Neo, and versions thousands of them, with an AWS Step Functions layer pacing fleet-scale retraining within account quotas.

Will the real Anthropic please stand up

This story originally appeared in The Algorithm, our weekly newsletter on AI. To get stories like this in your inbox first, sign up here. After weeks of frenzied speculation, Anthropic has filed its IPO prospectus. The 335-page document (100 pages or so are focused on risks) lays out the company’s unique view of the technology it…

Five weird details from Anthropic’s IPO filing

Anthropic has finally filed its S-1 prospectus with the SEC, a document designed to give investors a look under the hood of its business, from how much its executives are making and plans for spending its IPO billions to the risks that could derail its ambitions. At more than 300 pages, there's a lot to […]