| Bloomberg: |
Nvidia's and OpenAI's wave of deals is escalating concerns that the $1T+ AI boom is being artificially propped up by interconnected business transactions — A wave of deals and partnerships are escalating concerns that the trillion-dollar AI boom is being propped up by interconnected business transactions.| Annie Palmer / CNBC: |
Jensen Huang says AMD offering a 10% stake to OpenAI is “imaginative” and “surprising” considering that AMD was “so excited about” its next-generation chip — Nvidia CEO Jensen Huang said Wednesday that he's surprised Advanced Micro Devices offered 10% … | Victoria Song / The Verge: |
Google Pixel Watch 4 review: a significant leap in Google's smartwatch lineup with a nice domed display, but Gemini is unreliable, and GPS maps are still wonky — Five years ago, I used to groan when it came time to review an Android smartwatch. Back then, anything that wasn't a Samsung watch was disappointing at best.| Ryan Whitwam / Ars Technica: |
Google Pixel 10 Pro Fold review: nice display and most AI features run on device, but cameras are a step down from other Pro Pixels, Tensor G5 shows small gains — Google delivers another phone that is slightly better than its predecessor—is that enough? — When the first foldable phones … | Billy Steele / Engadget: |
| Joseph Cox / 404 Media: |
Apple has removed Eyes Up, which archives video evidence of ICE abuses, from the App Store; unlike ICEBlock, it doesn't share ICE officers' real-time locations — Apple removed an app for preserving TikToks, Instagram reels, news reports, and videos documenting abuses by ICE, 404 Media has learned.| Masha Abarinova / Fierce Network: |
Verizon agrees to buy Starry, which provides home internet via millimeter wave tech to ~100K customers and filed for bankruptcy in 2023, for an undisclosed sum — Verizon Starry acquisition fixed wireless access — Verizon is buying FWA provider Starry for an undisclosed sum| Michael Kan / PCMag: |
| Jess Weatherbed / The Verge: |
Filing: Elon Musk and X settle a lawsuit by former Twitter CEO Parag Agrawal, Chief Legal Officer Vijaya Gadde, and others over $128M+ in unpaid 2024 severance — The settlement agreement over withheld severance is dependent on Musk meeting ‘certain conditions.’| Logan Hitchcock / Decrypt: |
YZi Labs, formerly Binance Labs, announces a $1B Builder Fund to support long-term founders developing on BNB Chain in areas like trading, AI, and DeFi — YZi Labs, the venture office of Binance co-founder Changpeng Zhao and formerly known as Binance Labs, is creating a $1 billion fund … | Los Angeles Times: |
Prosecutors say the evidence against a man accused of starting what became the Pacific Palisades fire includes a ChatGPT-generated image of a burning city — - Authorities have arrested a suspect in the Palisades fire after a nine-month investigation into the blaze that killed 12 people.| Dasha Afanasieva / Bloomberg: |
US House lawmakers criticize ASML, Tokyo Electron, KLA, and other equipment makers for selling to the Chinese military and helping build China's chip industry — Semiconductor companies including Applied Materials Inc. and ASML Holding NV fell after a US House committee said that the industry … | John Revill / Reuters: |
SoftBank Group agrees to acquire ABB's robotics business, which generated $2.3B in sales in 2024, for $5.4B; ABB expects the deal to close in mid-to-late 2026 — SoftBank Group (9984.T) said on Wednesday it has agreed to buy the robotics business of Swiss engineering group ABB (ABBN.S) in a $5.4 billion deal.| Bloomberg: |
Sources: the US DHS has reassigned hundreds of CISA staffers to jobs that support deportations, including at ICE, and said it would dismiss anyone who refused — The US Department of Homeland Security has shifted hundreds of national security specialists, including cyber personnel … | Suzanne Smalley / The Record: |
German officials say they will vote against the EU's “Chat Control” proposal, signaling the bloc will not have enough support to pass the measure on October 14 — German officials on Wednesday said they will vote against a European Union proposal to allow the scanning … | CryptPad Blog: |
| Sam Clark / Politico: |
| Alex Konrad / Upstarts Media: |
New York-based Crosby, a law firm that uses AI to help speed up the contracts process, raised a $20M Series A co-led by Index Ventures, BCV, and Elad Gil — Crosby, led by lawyer turned founder Ryan Daniels, has raised a $20 million Series A from Index and Bain Capital Ventures to expand its AI-assisted legal work.| Mark Hallam / DW News: |
Germany's Federal Cartel Office opens an investigation into whether Temu is influencing the pricing of third-party merchants, potentially stifling competition — Germany's competition watchdog has announced an investigation of Chinese discount online retail site temu.com, suspecting it of influencing retailers' prices.| Barbara Moens / Financial Times: |
Sources: Meta and Apple are close to settling two EU antitrust cases and agreeing to a deal to change their business practices after a total €700M in DMA fines — US Big Tech groups in final stages of agreeing deal with Brussels to avoid series of escalating fines| Stephanie Palazzolo / The Information: |
Relace, which makes tools and specialized language models to help AI agents code faster for customers like Lovable and Figma, raised a $23M Series A led by a16z — Countless startups sell tools to software engineers, such as version control systems to track who's making changes to a codebase … | Milana Vinn / Reuters: |
Sources: data streaming software maker Confluent is exploring a sale after attracting acquisition interest from PE firms and tech companies; CFLT jumps 9%+ — - Firm working with bankers after attracting interest from private equity and tech firms, sources say| Kurt Schlosser / GeekWire: |
Amazon announces Amazon Pharmacy kiosks to quickly dispense medications to patients after an appointment, initially rolling out in its One Medical offices in LA — Amazon is erasing the distance between the doctor's office and the pharmacy with the introduction of new Amazon Pharmacy kiosks … | Ben Thompson / Stratechery: |
| Financial Times: |
Sources: OpenAI and Anthropic consider using investor funds to settle potential claims from multibillion-dollar lawsuits, as insurers balk at covering AI risks — Companies struggle to assess scale of financial risks emerging from artificial intelligence — OpenAI and Anthropic … | CoinDesk: |
Chicago-based stablecoin payments startup Coinflow raised a $25M Series A led by Pantera and says it supports stablecoin-powered payments in 170+ countries — The company says it has grown revenue 23-fold since 2024 and now supports stablecoin-powered payments in over 170 countries. — What to know:| Shirin Ghaffary / Bloomberg: |
David AI, which sells audio data sets for AI training, raised a $50M Series B, sources say at a $500M valuation, up from ~$100M from its $25M Series A in May — David AI Labs Inc. a startup selling audio data sets to help train artificial intelligence models, has raised $50 million … | Danny Park / The Block: |
MetaMask launches in-app perpetual futures trading powered by Hyperliquid, and plans to integrate Polymarket's prediction markets later this year — - MetaMask launched its in-app perpetuals trading feature today, powered by Hyperliquid. — Further expanding its roadmap … | Edith Hancock / Wall Street Journal: |
The European Commission outlines its Apply AI Strategy and AI in Science Strategy, aiming to speed up AI adoption in key industries and boost AI-driven research — There is concern the EU is too dependent on foreign tech companies — The European Union outlined plans to promote European adoption …
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| Pew Research Center: |
| Dina Bass / Bloomberg: |
| Naga Avan-Nomayo / The Block: |
| Nick Lichtenberg / Fortune: |
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| Engineering at Meta: |
| Kunal Manchanada / Entrackr: |