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Ben Thompson argues the open Internet, where anyone could stand up a server, is over: AI-accelerated exploits like last week's PHP remote-code bug make self-hosting reckless, and AI consumes content without sending traffic back. His optimism is in going smaller — software built for one person or a trusted team, 'the group chat era of software,' and many local markets in place of one global one.
With all votes counted, Luiz Inácio Lula da Silva won a fourth term with 51.8% and a lead of about 4.4 million votes over Flávio Bolsonaro, who refused to concede and asked for the result to be annulled after a chaotic, last-minute two-hour extension of voting. The win bucks a regional run of Trump-aligned victories and keeps Latin America's largest economy at odds with Washington over tariffs.
Meta launched roughly $35 billion in common and convertible preferred stock offerings and plans an at-the-market sale of up to $60 billion more once new non-voting Class C shares begin trading in early 2027. It follows Meta's first negative free cash flow in over a decade — $2.12 billion burned in Q3 — against about $825 billion in future spending commitments; Nvidia, AMD and Broadcom have expressed interest in buying up to $5 billion of the stock.
Max Woolf walks through the summer's price moves — an 80% cut to GPT-5.6 Luna, a 75% cache-read cut on Fable 5.1, GPT-6 Sol at $2/$10 — and argues the driver is competition from open-weight models served by dozens of interchangeable inference providers, not a loss-leader that will reverse. The odd part is the timing: both labs are cutting their main revenue line just before IPO filings.
