Perplexity open-sources a new retrieval model: its 0.6B small model can directly query indexes built by the 9B model.

Pre-market key news for US stocks as follows: 1. Strategy announced it will release third-quarter financial results after the US stock market closes on October 29, and hold a live webcast at 5 PM ET the same day to discuss the results. 2. Google Cloud launched Gemini Agent, a general-purpose work agent compatible with Gemini models or Claude models. Driven by the news, Google’s pre-market rose over 1%, while Meta fell more than 1%. 3. Globalfoundries and TSMC signed a $2 billion silicon interposer agreement for advanced AI packaging, with an initial 5-year term. 4. TSMC’s September revenue hit NT$511.86 billion, down 0.6% month-on-month but up 54.6% year-on-year. For the first three quarters of 2026, TSMC’s total revenue reached NT$3.89873 trillion, up 41.1% year-on-year. 5. Citi projected the CPU market will reach $300 billion by 2030, sharply raising AMD’s target price from $575 to $800 and maintaining a "Buy" rating. 6. Investment bank DA Davidson lifted Micron Technology’s target price from $2100 to $3000 — the highest on Wall Street — and reaffirmed a "Buy" rating. 7. OpenAI fully rolled out GPT-6 to all free and paid ChatGPT users globally, officially replacing GPT-5.6 SOL and GPT-5.6 LUNA. 8. Federal Reserve Governor Christopher Waller said further interest rate hikes are still needed, though the pace of hikes is "flexible". The Fed’s dot plot may signal a rate hike in early 2027, followed by cuts thereafter. 9. Broadcom is arranging over $50 billion in financing for its custom AI chip project developed in partnership with OpenAI. Sources familiar with the matter said Apollo Global Management and Blackstone are among the lenders in talks to join the financing.

According to Bloomberg, sources familiar with the matter disclosed that Tencent Holdings is considering issuing up to $5 billion in offshore bonds, joining the wave of debt financing by tech companies to meet artificial intelligence (AI) demands. The bonds may be denominated in U.S. dollars and offshore renminbi, with a possible issuance as early as this month. This move comes as global tech giants take on large-scale debt to fund AI infrastructure. Earlier, Alphabet, Google’s parent, has issued $25 billion in U.S. dollar bonds and launched its first Australian dollar bond; Meta, Microsoft, and Amazon are also expected to follow up with equity or convertible bond financing. Morgan Stanley forecasts that global AI-related bond issuance will reach nearly $570 billion in 2026, more than doubling from last year.

US initial jobless claims for the week ending October 3 totaled 197,000, compared with market expectations of 200,000, while the prior week’s figure was revised from 197,000 to 199,000.

GlobalFoundries (GFS) and TSMC have signed a $2 billion silicon interposer agreement with an initial 5-year term. According to market data from BIT (bit.com), GlobalFoundries (GFS)’s pre-market gain on US stocks has widened to over 5%.

According to market data from BIT (bit.com), Google's US stock flipped from negative to positive in pre-market trading, now rising 1%. At the Gemini at Work 2026 conference, Google Cloud CEO Thomas Kurian unveiled Gemini Agent, positioned as a single universal work agent. Users only need to state their goal rather than specific instructions to accomplish knowledge work, content creation, image and media generation, as well as code writing and execution.

Beating AI Express: US enterprise payment platform Ramp has released its latest software procurement ranking, based on real transactions from over 70,000 businesses on its platform. TypeSafe AI topped the "Explosive Growth" list with its Jev model. In the market share growth ranking, it also placed second, trailing only Anthropic, while OpenAI ranked fourth. Jev, launched less than a month ago, has seen an approximate 1 percentage point rise in enterprise adoption. It is an AI model specifically designed to help software make judgments, not generating chat responses, but handling classification, selection, and scoring tasks. It charges $0.042 per million input tokens, with outputs provided free of charge. Low-cost models or model access platforms including DeepSeek, Featherless AI, and OpenRouter also feature on the list. However, demand for high-priced AI tools among enterprises is also growing. Video generation platforms Runway and Higgsfield have both entered the top ten in market share growth, and are currently primarily used in advertising and social media marketing. Ara Kharazian, chief economist at Ramp, stated that low-cost models may lower enterprises' AI call costs, but rising demand for image and video generation could push up overall AI spending.