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| Ashley Capoot / CNBC: |
OpenAI's invite-only Sora app becomes the top free app in the US App Store three days after its launch, ahead of Gemini in second and ChatGPT in third — OpenAI now has two of the top three free apps in Apple's App Store, and its new video generation app Sora has snagged the coveted No. 1 spot.| Newcomer: |
OpenAI VP of Media Partnerships Varun Shetty says OpenAI didn't put too many guardrails in Sora because it doesn't “want it to be at a competitive disadvantage” — Plus, Ex-Sequoia partner Matt Miller launches a London-based fund & Mira Murati's AI lab releases its first product| New York Times: |
| Joseph Cox / 404 Media: |
Google and Apple removed Red Dot, an app for reporting ICE agent sightings, from their app stores; Google says the app shared the location of a vulnerable group — Both Google and Apple recently removed Red Dot, an app people can use to report sightings of ICE officials, from their respective app stores, 404 Media has found.| John Gruber / Daring Fireball: |
| Ashley Oliver / Fox Business: |
| Olga Kharif / Bloomberg: |
Coinbase applies for a national trust company charter, says it “has no intention of becoming a bank” and the charter will allow expansion in areas like payments — Coinbase Global Inc., the largest US crypto exchange, is seeking a national trust company charter from the Office … | Jordan Novet / CNBC: |
Chipmaker Cerebras withdraws its IPO, after filing its prospectus on September 30, 2024, and announcing a $1.1B raise at a $8.1B valuation on September 30, 2025 — Artificial intelligence chipmaker Cerebras Systems said on Friday that it's withdrawing plans for an IPO … | Cecilia D'Anastasio / Bloomberg: |
Sources: Microsoft putting some of its top titles on Xbox Game Pass is cutting into its higher-margin game sales, giving up $300M+ in Call of Duty sales in 2024 — Microsoft Corp.'s Xbox division surprised many video game enthusiasts this week when the company announced a 50% price hike … | Nicholas G. Miller / Wall Street Journal: |
US semiconductor equipment companies Axcelis and Veeco agree to merge in an all-stock deal, creating a combined company with an enterprise value of $4.4B — The combined company will be the fourth largest U.S. wafer fabrication company — Axcelis Technologies and Veeco Instruments … | Nicholas G. Miller / Wall Street Journal: |
Applied Materials expects new US export rules from BIS restricting certain product shipments to China to hurt its Q4 revenue by $110M and 2026 revenue by $600M — Company expects new export restrictions to hurt its 2026 revenue by $600 million — Applied Materials expects a $710 million hit … | Arpan Chaturvedi / Reuters: |
Indian ministers push domestic alternatives to Google and Microsoft apps amid US tensions; Sensor Tower: Zoho messaging app Arattai hit 400K+ downloads in Sept. — - Strained U.S. ties spur more calls for use of Indian goods — Indian infotech minister shifts to domestic firm Zoho's software| Associated Press: |
Governor Gavin Newsom signs a bill that gives ride-hailing drivers in California the right to unionize while still being classified as independent contractors — More than 800,000 drivers for ride-hailing companies in California will soon be able to join a union and bargain collectively … | Rebecca Bellan / TechCrunch: |
OpenAI acquires AI-powered personal finance app Roi; source: CEO and co-founder Sujith Vishwajith is the only member of Roi's four-person team joining OpenAI — OpenAI has acquired Roi, an AI-powered personal finance app. In keeping with a recent trend in the AI industry, only the CEO is making the jump.| Marina Temkin / TechCrunch: |
Sources: former Databricks VP of AI Naveen Rao is in talks to raise $1B led by a16z at a $5B valuation for his new AI hardware startup Unconventional — Naveen Rao, who was formerly the head of artificial intelligence at Databricks, is in talks to raise a $1 billion at a $5 billion valuation … | Pranav Dixit / Business Insider: |
Memo: Meta Superintelligence Labs' products team, led by Nat Friedman, is pushing staff to ditch Meta's slow infrastructure toward tools like Vercel and GitHub — Follow Pranav Dixit … Saved — Add us on — Meta has made a big bet on AI by forming Meta Superintelligence Labs (MSL).| Tom Warren / The Verge: |
Sources: Microsoft is testing ad-supported games streaming internally, allowing employees to play select titles for free without an Xbox Game Pass subscription — Microsoft employees can now access an ad-supported version of Xbox Cloud Gaming ahead of a public test.| Greg Bensinger / Reuters: |
Rob Williams, Amazon's VP of Device Software and Services and a member of the S-team advising CEO Andy Jassy, steps down and plans to leave Amazon by 2025's end — - VP Rob Williams to retire from Amazon, remains advisor through 2025 — Panos Panay announces team consolidation, Tapas Roy promoted
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