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News desk · APAC Developed

🇦🇺 Australia Wire: Australian Financial Review · 31 October 2026

S&P cuts Meta’s rating outlook; OpenAI slashes funding target

Ratings agency worried about AI spending; OpenAI reacts as deal marred by AI sell-off; McDonald and Waller combine for Victoria Derby win.

How the day unfolded.

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Full story · Australian Financial Review

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