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October 5, 2025, 6:50 AM
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WeSmirchTop News
| Pak Yiu / Nikkei Asia: |
PitchBook: VC investment in Asia slowed to $48.9B in the first nine months of 2025, just over half of 2024's total, amid uncertainty due to US tariff policies — NEW YORK — Asian venture capital dealmaking has slowed down so far this year, as the region faces liquidity shortages … | Lizette Chapman / Bloomberg: |
PitchBook: VCs have invested $192.7B in AI startups so far this year, putting 2025 on track to be the first year when 50%+ of VC funding goes to the AI industry — Venture capitalists poured $192.7 billion into AI startups so far this year — setting new global records and putting 2025 …
More: TechCrunch, Wall Street Journal, Fast Company, Nairametrics, and PYMNTS.com
| Kinling Lo / Rest of World: |
How Ordos, a coal-rich northern Chinese city, has become a testing ground for self-driving trucks after turning into a ghost town due to 2012's coal price crash — The empty boulevards that once symbolized the mainland's property bust now serve as testing grounds for hundreds of autonomous vehicles.| AJ Dellinger / Gizmodo: |
A study found that by late 2024, around 24% of English-language corporate press releases and 14% of UN press releases involved LLM-assisted writing — Hopefully it got the numbers right. — READING TIME 2 MINUTES — Read Later Read Later — If there is one place that AI seems to have found work … | Xinmei Shen / South China Morning Post: |
Alibaba says its mapping app Amap's destination ranking feature hit 400M users since its launch in September; Amap had a record 360M daily users on October 1 — As of June, Amap had 895.5 million monthly active users, making it the fourth biggest mobile app in China by that measure
More: Tech in Asia
| Wall Street Journal: |
Sources: Sam Altman is on a global tour since September, including UAE and East Asia, seeking funding and urging companies like TSMC to prioritize OpenAI orders — Chief executive is looking to East Asia and the Mideast for funding and manufacturing partners for his multitrillion-dollar plan to build more data centers| Carl Franzen / VentureBeat: |
Huawei's Zurich Lab unveils SINQ, an open-source quantization method that it claims can reduce LLM memory use by 60-70% without significant quality loss — - Dual-Axis Scaling: Instead of using a single scale factor for quantizing a matrix, SINQ uses separate scaling vectors for rows and columns.| Prima Wirayani / Bloomberg: |
Indonesia restores TikTok's local operating license after the company provided government-requested user activity data for August 25-30, when protests happened — Indonesia revoked a suspension on TikTok's local operating license after the social media platform shared data requested by the government.| Financial Times: |
Sources: OpenAI and Jony Ive have yet to solve key technical and software issues that could delay the company's palm-sized device, slated for release in 2026 — ChatGPT maker is working with former Apple design boss to launch a palm-sized personal assistant next year
Bluesky: @edzitron.com
| Financial Times: |
A draft proposal outlines the European Commission's “Apply AI strategy”, which is set to be presented on October 7 and aims to “strengthen EU AI sovereignty” — Brussels to unveil plan targeting digital sovereignty as it warns technology can be ‘weaponised’ by geopolitical rivals| Steven Levy / Wired: |
An interview with Sam Altman and OpenAI President Greg Brockman on the tepid initial reception to GPT-5's launch, scaling, reinforcement learning, AGI, and more — OpenAI's CEO explains that its large language model has been misunderstood—and that he's changed his attitude to AGI.| @openai: |
OpenAI updates GPT-5 Instant to better recognize and support people in distress; ChatGPT will route such sensitive parts of conversations to the model — We're updating GPT-5 Instant to better recognize and support people in moments of distress. Sensitive parts of conversations will now route to GPT-5 Instant to quickly provide even more helpful responses. ChatGPT will continue to tell users what model is active when asked.
More: OpenAI, Livemint, and The Hans India
| Nic Carter / Murmurations II: |
A look at challenges facing Tether and Circle's stablecoin duopoly, such as intermediaries like exchanges and DeFi protocols exploring their own stablecoins — Circle equity is worth $30.5b. Tether's topco is reportedly raising capital at $500b. Together, the two stablecoins boast $245b in supply …
X: @tokenterminal, @williamsantiago, @timhaldorsson, and @stonecoldpat0
LinkedIn: Max von Wallenberg and Thomas Messina
| John Burn-Murdoch / Financial Times: |
GWI: Time spent on social media globally peaked in 2022 and is steadily declining; North America is the exception, with usage up 15% in 2024 compared to Europe — As platforms degrade into outrage and slop, users are turning away — In years to come, we may well look back on September 2025 …
More: FlowingData. X: @benshindel, @hoffmanandy, @herbiebradley, @rasmus_kleis, @mcandrus, @basedtorba, @montecristocap, @cszabla, and @dschan02
LinkedIn: Jan De Schepper, Alison Taylor, and Stefano Santinelli
Bluesky: @acerbialberto.com, @staffordphilip, @mims, @hern, and @robertscotthorton. Threads: @eric_seufert
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