Eight US states sue OpenAI over ChatGPT safety, CoreWeave bonds hit 15% yield

Separately, AI infrastructure stocks fell sharply after US inflation data showed the Consumer Price Index rose 3.7% year-on-year in September. The combined market capitalization of four AI-related companies dropped by approximately $80 billion. CoreWeave's corporate bonds maturing in 2032 saw market yields reach approximately 15%, with some trading below 80 cents on the dollar. CoreWeave CEO Mike Intrator told employees the company had a $104.2 billion contract backlog at the end of Q2 and secured over $25 billion in new Q3 contracts, but the credit market remains wary of future cash flow.

Anthropic announced it will integrate election information from Democracy Works into Claude ahead of the November US midterms, covering about 5.75% of US user conversations related to politics. OpenAI's head of computing infrastructure, Sachin Katti, is expected to step down in November, with former xAI executive Uday Rudraraju succeeding him. The Wall Street Journal reported OpenAI's computing spend outlook through 2030 has increased from approximately $600 billion to approximately $750 billion.