Alibaba plans to seek a share of revenue from major commercial users of its upcoming Qwen open-source AI model, signalling a shift towards monetising open AI models while expanding its global AI strategy.

Wintermute said it has obtained U.S. broker-dealer status, placing it under SEC oversight and requiring compliance with FINRA rules on capital, supervision, recordkeeping and trading conduct. The firm has previously appeared as a trading counterparty in SEC filings for Fidelity’s Bitcoin and Ether products. Wintermute also said its global average daily trading volume exceeds $10 billion. In September 2025, the company sought guidance from the SEC on requirements for proprietary trading, self-custody and on-chain settlement of tokenized securities.

Australian artificial intelligence infrastructure startup Sharon AI says its plan to list on the ASX is ready to proceed, with a prospectus set to be released soon. The company previously completed a $US1.6 billion private placement, but a key investor, hedge fund Situational Awareness, sold most of its stake after margin calls to repay creditors. The IPO’s progress and the shareholder change could affect market expectations for its valuation.

Twilio projected third-quarter revenue of $1.505B$1.515B. The company also raised its FY2026 organic growth outlook to 13%13.5%. The update signals increased confidence in its business growth trajectory.

Tesla CEO Elon Musk laid out a first-phase plan for Terafab requiring $16.8 billion in investment, spanning more than 100 million square feet and creating at least 3,000 jobs. He said roughly 25% of the project’s AI compute would go to Optimus, with about 75% allocated to AI spacecraft. After the details were shared, Tesla shares fell 1% on Thursday to $319.53, though the stock is up 3% this week and may snap a three-week losing streak.

India’s retail sugar price has climbed to a record ₹50 per kg, nearly 9% higher than a year ago. To ensure adequate supply for the festive season, sugar mills plan to begin crushing 10–15 days earlier than usual. Traders estimate closing stocks at around 3.5 million tonnes, but if October consumption reaches 2.4 million tonnes, end-October inventories could drop to 1.1 million tonnes, underscoring tight supply.

Japan’s Topix stock index is set for its biggest overhaul, with analysts estimating that more than 600 companies—over a third of its constituents—could be phased out. The removals would apply to firms whose free-float market capitalization ranks in the bottom 3% of Tokyo Stock Exchange-listed companies in August, according to analysts’ estimates. The changes are scheduled to be implemented in stages over two years beginning in October. Passive funds tracking Topix are estimated to account for about $1 trillion, and the overhaul aims to reduce the index’s exposure to small and illiquid stocks.

A Coldcard hardware wallet vulnerability has been linked to the theft of more than 1,300 Bitcoin worth over $80 million. OKX said it prevented $26.3 million in scam-related losses in the first half of 2026 and safeguarded more than $1.1 billion in customer assets. Blockaid reported crypto projects lost more than $1 billion to hacks in the first half of 2026, with verified exploits hitting a record high.