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October 28, 2025, 10:10 AM
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Top News

Bret Taylor / OpenAI:
OpenAI says it has “completed our recapitalization”, the OpenAI Foundation now has equity valued at ~$130B, and it continues to control the OpenAI for-profit  —  OpenAI has completed its recapitalization, simplifying its corporate structure.  The nonprofit remains in control …
Microsoft:
Microsoft says it supports the OpenAI board moving to form a public benefit corporation and recapitalization, and now holds a ~$135B OpenAI Group PBC investment  —  Since 2019, Microsoft and OpenAI have shared a vision to advance artificial intelligence responsibly and make its benefits broadly accessible.
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  —  Amazon.com Inc. plans to eliminate roughly 14,000 corporate jobs just months after Chief Executive Officer Andy Jassy warned that AI will shrink the company's workforce.
Washington Post:
Grokipedia, a Grok-based encyclopedia, launches with 885K+ articles, drawing from Wikipedia content; Elon Musk called it “a massive improvement” over Wikipedia  —  The right-leaning tech magnate is touting his own online encyclopedia as an unbiased alternative, but it went down after about an hour.
Jay Peters / The Verge:
xAI's Grokipedia says Grok fact-checked its entries and some “content is adapted from Wikipedia”; some pages, like the PS5's, are almost identical to Wikipedia  —  Some of Grokipedia's pages say that content is ‘adapted’ from Wikipedia.
Jess Weatherbed / The Verge:
At its Adobe Max event, Adobe unveils AI tools for Photoshop, Premiere Pro, and Lightroom, and says Firefly Image 5 can generate images in native 4MP resolution  —  Adobe's Creative Cloud and Firefly apps are adding new ways to do labor-intensive photo and video editing tasks for you.
Jacob Roach / Wired:
Adobe plans to support custom AI models in Firefly, updates Firefly to generate soundtracks and speech, adds an AI assistant to Photoshop and Express, and more
Hugh Son / CNBC:
PayPal CEO Alex Chriss says the company signed a deal with OpenAI to let shoppers use PayPal's digital wallet in ChatGPT to pay for items, starting in 2026  —  PayPal has signed a deal with OpenAI to have its digital wallet embedded into ChatGPT so users can pay for items found through …
Tim Bradshaw / Financial Times:
Substrate, which aims to challenge TSMC, raised $100M+ from Founders Fund, General Catalyst, and others at a $1B+ valuation as it seeks to boost US chip making  —  Substrate plans to use particle accelerators to lower cost of chip manufacturing  —  Silicon Valley investors …
Financial Times:
Visible Alpha: Apple's Services unit revenue is set to hit $108.6B in the year to September, its first time above $100B and up 13% YoY, ahead of its Q4 results  —  Tech giant's high-margin unit has doubled in size over the past five years  —  Apple is set to top $100bn in annual revenues …
Steven Adler / New York Times:
An ex-OpenAI staffer of four years says it isn't doing enough to protect users, especially those with mental health issues, and needs to offer more than words  —  I've read more smut at work than you can possibly imagine, all of it while working at OpenAI.  —  Back in the spring of 2021 …
OpenAI:
OpenAI estimates ~0.07% of ChatGPT's weekly active users “indicate possible signs of mental health emergencies” like mania, and details its safety improvements
Alicia Park / Forbes:
ConductorOne, which helps address identity cybersecurity risks for human and AI staff, raised a $79M Series B led by Greycroft, sources say at a $350M valuation  —  As identity-related cyberattacks increase, ConductorOne has raised $79 million to make sure employees — human or not — can securely access the work apps they need.
Emma Roth / The Verge:
After AWS's major outage, Signal's Meredith Whittaker says there “isn't really another choice” but to use AWS and “the entire stack” is “owned by 3-4 players”  —  Meredith Whittaker is using the AWS outage as an opportunity to highlight the 'concentration …
Asa Fitch / Wall Street Journal:
A look at Anthropic's success in corporate AI, which makes up ~80% of its revenue; a July report put its enterprise API market share at 32%, above OpenAI's 25%  —  Anthropic, backed by Amazon and Google, is focusing on corporate customers rather than the mass market
Webb Wright / ZDNET:
Anthropic expands Claude for Financial Services with a beta Claude for Excel integration, additional data connectors, and new pre-built Agent Skills
CNBC:
Appfigures: between September 30 and October 18, OpenAI's Sora had 2.6M iOS downloads, above the Meta AI app, which had 1.1M; Sora is iOS- and invite-only  —  Meta's AI app has seen a major jolt in downloads since launching its Vibes feed of AI-generated videos, giving investors a glimpse …
Michael J. de la Merced / New York Times:
Livestream marketplace Whatnot raised $225M at an $11.5B valuation, after raising $265M at a $4.97B valuation in January, taking its total funding to $968M  —  The start-up is among the biggest names in a fast-growing part of e-commerce that is effectively a kind of QVC for the TikTok era.
Vallari Srivastava / Reuters:
NextEra Energy and Google sign a 25-year power supply deal, which includes restarting the 615MW Duane Arnold nuclear plant in Iowa, shut down in 2020  —  U.S. utility NextEra Energy (NEE.N) and Alphabet's (GOOGL.O) Google have singed a power supply deal, which would help restart the Duane Arnold nuclear plant in Iowa.

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The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Alex Weprin / The Hollywood Reporter:
Sony announces Jeopardy! YouTube Edition, a spinoff hosted by Ken Jennings with three YouTube creators playing for the charity of their choice

Adrià Calatayud / Wall Street Journal:
Bertelsmann, owner of Penguin Random House, RTL, and BMG, reports 2025 after-tax profit of €1.01B, down from €1.04B in 2024, and revenue flat YoY at €18.96B

Christopher St. Aubin / Pew Research Center:
Survey: when breaking news happens, 36% of US adults turn first to their preferred news outlet for more info, 28% use search engines, and 19% use social media

More News

Jagmeet Singh / TechCrunch:
OpenAI offers its cheaper ChatGPT Go plan for free for one year to users in India starting November 4, but did not say how long the offer would remain available
Agence France-Presse:
Meta and TikTok say they will comply with Australia's under-16 social media ban, taking effect on December 10, but warn the landmark law may be hard to enforce

Earlier Picks

Ashley Capoot / CNBC:
OpenAI urges the US to commit to building 100GW of new energy capacity each year to stay ahead of China in AI, and says “electrons are the new oil”
Annie Palmer / CNBC:
Filing: iRobot says its last potential buyer withdrew from the process and its financials remain dire, following Amazon abandoning a 2024 bid; IRBT drops 33%+
Jez Corden / Windows Central:
Sources: Microsoft's next Xbox will run Windows, letting users play PlayStation titles on Steam and the full Xbox console library, without a multiplayer paywall
MiniMax:
China's MiniMax releases MiniMax M2, an open-source model optimized for AI agents and coding, priced at $0.30 per 1M input tokens and $1.20 per 1M output tokens
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