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October 29, 2025, 7:25 AM
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Rocket Drew / The Information:
Memo: California's AG says OpenAI's restructuring has “no impact” on other cases, likely referring to Elon Musk's lawsuit against OpenAI over its restructuring  —  A memo from California's attorney general suggested that Elon Musk's federal lawsuit against OpenAI will be unaffected …
Bloomberg:
Nvidia plans to invest $1B in Nokia for a 2.9% stake and announces a partnership to integrate Nvidia tech into Nokia's network products; NOK closed up 22.8%  —  Nvidia Corp. is taking a $1 billion equity stake in Nokia Oyj and plans to supply the telecom company with artificial-intelligence powered computers for wireless networks.
Natalie Lung / Bloomberg:
Uber plans a fleet of 100,000 autonomous vehicles powered by Nvidia's new Drive AGX Hyperion 10, starting in 2027  —  Uber Technologies Inc. will begin expanding a fleet of 100,000 autonomous vehicles powered by Nvidia Corp. technology starting in 2027, an ambitious move that could help bring …
Wall Street Journal:
Eli Lilly partners with Nvidia to build what the companies say will be the most powerful supercomputer run by a pharma company, powered by 1,000+ Blackwell GPUs
Bloomberg:
After Nvidia GTC, Jensen Huang says “I don't believe we're in an AI bubble” and that Nvidia expects to sell 20M Blackwell chips, up from 4M Hopper chips  —  Nvidia Corp. Chief Executive Officer Jensen Huang announced a flurry of new partnerships and dismissed concerns about an AI bubble …
Maggie Eastland / Bloomberg:
Jensen Huang says the US needs “finesse” to maintain its AI lead over China and Nvidia is an “awkward place” as President Trump meets Xi Jinping later this week
Wall Street Journal:
During Nvidia's first ever GTC conference in Washington, DC, Jensen Huang praised Trump's policies and emphasized themes of patriotism and US national interests
Kif Leswing / CNBC:
Jensen Huang says its Blackwell GPUs are now in full production in Arizona, after being solely manufactured in Taiwan previously
Jason Schreier / Bloomberg:
Internal memo: Amazon makes “significant role reductions” to its game division and will cut down on big budget titles, as it focuses on Luna and casual games  —  Tech giant will reduce game development work and eliminate jobs  —  Amazon.com Inc. is gutting its video-game division …
Bloomberg:
Amazon says it will cut ~14,000 jobs from its corporate workforce, after cutting 27,000 across 2022 and 2023; the company had 1.55M employees globally in June
Joanna Stern / Wall Street Journal:
A look at 1X's $20K Neo humanoid housekeeper robot, controlled remotely by a human with a VR headset, available now for preorder, with delivery expected in 2026  —  1X's Neo wants to be your housekeeper.  First, it needs to be controlled by a human in your home.  Cool with you?
Dylan Butts / CNBC:
SK Hynix reports Q3 revenue up 39% YoY to $17.02B, below $17.22B est., and operating profit up 62% YoY to a record $7.92B, boosted by demand for its HBM chips  —  South Korea's SK Hynix on Wednesday posted record quarterly revenue and profit, boosted by a strong demand for its high bandwidth memory used in generative AI chipsets.
Mark Gurman / Bloomberg:
Sources: Apple is testing new versions of the MacBook Air, iPad mini, and iPad Air with OLED screens; the iPad mini will likely arrive first, as early as 2026  —  Apple Inc. is preparing major changes to its MacBook Air, iPad mini and iPad Air lines, with a plan to give the popular devices higher-end displays.
Adobe Newsroom:
A survey of 16K+ creators in eight countries: 86% use creative GenAI tools, 60% use multiple, 48% use them for ideation, and 52% for creating video and more  —  - 76 percent of creators say creative generative AI has helped grow their business and personal brand
David Gewirtz / ZDNET:
GitHub plans to launch Agent HQ, a hub to let developers access third-party AI coding agents, including Claude and OpenAI's Codex, in the coming months
Jennifer Maas / Variety:
EA reports Q2 net bookings down 13% YoY to $1.82B, below $1.88B est., and says it will no longer issue forward-looking financial guidance due to its $55B sale  —  Along with the issuing of the financial details Tuesday, the maker of “Madden NFL,” “Battlefield,” “The Sims” and “Apex Legends” …
Politico:
French lawmakers vote to raise France's digital services tax on US tech giants to 6%, up from 3%; the French government opposes the move, fearing US retaliation  —  PARIS — French lawmakers are moving ahead with plans to double a tax on big tech firms — backing away from a more aggressive push amid fears …
Dominic Preston / The Verge:
Oppo launches the €999 Find X9 and €1,299 Find X9 Pro in the UK and the EU with 7,025mAh and 7,500mAh silicon-carbon batteries and MediaTek Dimensity 9500 chips  —  The two new Oppo phones bring some of the biggest batteries around. … Oppo has announced the international launch …
Emma Roth / The Verge:
YouTube will age-restrict more video game content showing “graphic violence” and stop creators from directing users to gambling sites involving digital goods  —  YouTube will age-gate ‘an additional small subset’ of violent content, even if it's from a video game.
Corporate Europe Observatory:
Big Tech's EU lobbying hit €151M in 2025, up from €113M in 2023 and €97M in 2021; between January and June 2025, Big Tech had 146 meetings with EU officials  —  The EU's digital rulebook is under unprecedented pressure from the Trump administration and a homegrown deregulation wave.

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From Mediagazer

Jana Winter / Reuters:
FBI Director Kash Patel sues The Atlantic and reporter Sarah Fitzpatrick for defamation, seeking $250M, over an article that claimed he had a drinking problem

Michael M. Grynbaum / New York Times:
More than 250 ex-broadcast journalists urge WHCA dinner organizers “to forcefully demonstrate opposition” to Trump's “efforts to trample freedom of the press”

Lucas Shaw / Bloomberg:
Sources: Bill Ackman proposes merging UMG with his SPAC and naming Michael Ovitz as chair, an offer UMG is likely to reject; UMG stock is down 20% since 2021

More News

Earlier Picks

Reuters:
Skyworks buys rival Qorvo for ~$9.76B in a cash-and-stock deal, forming a $22B combined company that supplies radio-frequency chips to Apple and others
Vicky Ge Huang / Wall Street Journal:
Western Union plans to launch dollar-backed stablecoin USDPT, built on the Solana blockchain and issued by Anchorage Digital Bank, in H1 2026
Financial Times:
Truth Social launches Truth Predict, a prediction market platform in partnership with Crypto.com to let users trade on major current events like elections
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