OpenAI’s annualized revenue reached about $50 billion at the end of September, nearly $20 billion below earlier reports. The update sent Nvidia, Oracle and CoreWeave shares lower, while new figures showed OpenAI’s revenue run rate had still grown more than 70% since the start of the third quarter.

What started as a village sport in rural China has made its way to the U.S., with this team of “aunties” teaching their unique form of basketball to young American athletes in Las Vegas.

The Moon has a new man-made crater. A discarded SpaceX Falcon 9 stage struck the lunar surface on August 5, 2026, near Einstein Crater. NASA, South Korea’s Danuri orbiter and Earth-based telescopes tracked the impact. Scientists are now studying the debris and chemical clues to better understand lunar impacts.

PwC’s Pratik Jain said the GST Council’s latest measures mark the third phase of the tax reform, shifting focus to bolder policy changes and ease of doing business. He said wider refunds for input services and capital goods, along with ITC on employee insurance, could ease working-capital stress and lower costs.

Deloitte India’s MS Mani said the latest GST reforms reflect growing trust between government and industry, with technology enabling simpler compliance and more targeted enforcement. He said easier registration, annual returns with quarterly payments, return corrections and removal of arrest provisions could reduce compliance fears and bring more businesses onto the GST platform.

EY partner Bipin Sapra said the GST Council’s latest reforms address input tax credit blockages, expand refunds, support exporters and streamline tax administration. He said rationalising Section 17(5) could reduce tax cascading and costs for businesses, while decriminalisation and removal of arrest powers should create a more conducive business environment.

From its rollout in 2017 to GST 2.0, India’s goods and services tax has evolved into a more digitised and predictable tax regime. Over nine years, the system has seen changes in tax rates, slabs, compliance and technology, reshaping how businesses manage indirect taxes and interact with the tax administration.

Apple is set to unveil several smart home products at its upcoming event on October 13, including a smart home hub. This new hub is expected to have a 6-inch display and will combine various functionalities. Updates to the HomePod mini and Apple TV 4K are also anticipated, featuring improved technology and capabilities. The event will take place in New York and may include a hands-on experience for media members.