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November 1, 2025, 12:50 PM
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| Richard Nieva / Forbes: |
A profile of AI contractor marketplace Mercor, which is valued at $10B and whose three 22-year-old founders are Thiel Fellows, each holding a roughly 22% stake — Mercor founders (left to right): Adarsh Hiremath, Brendan Foody and Surya Midha. — ULY INC. FOR MERCOR| Reuters: |
Nvidia says it will supply 260K+ of its most advanced AI chips to the South Korean government and major companies, including Samsung, Naver, and SK Group — U.S. semiconductor leader Nvidia (NVDA.O) on Friday said it will supply more than 260,000 of its most advanced AI chips …
More: Nvidia Newsroom, Bloomberg, TechCrunch, Wall Street Journal, Sharecast, Taipei Times, The Korea Herald, Korea Joongang Daily, Engadget, The Korea Times, KED Global, The DONG-A ILBO, Forbes Middle East, Analytics India Magazine, Hürriyet Daily News, BBC, CNBC-TV18, Asia Financial, COINOTAG NEWS, NWAonline, DigiTimes, Benzinga, Anadolu Ajansı …, Livemint, TipRanks Financial, The Straits Times, Yahoo Finance, and Reuters
| Baris Balci / Bloomberg: |
Turkish state media reports that Faruk Fatih Ozer, the former CEO of failed crypto exchange Thodex, has been found dead in his prison cell — Faruk Fatih Ozer, the former chief executive of collapsed cryptocurrency exchange Thodex, has been found dead in his prison cell in the western Turkish city … | David Jeans / Reuters: |
Anduril conducts the first flight of its jet-powered unmanned drone, flying it “semi-autonomously”, as the US Air Force plans swarms of unmanned jet drones — Anduril's jet-powered drone flew for the first time on Friday, the company and the U.S. Air Force said … | Reuters: |
MediaTek says it is on track to generate $1B in revenue from its data center AI accelerator ASIC chips in 2026, after reporting Q3 revenue up 7.8% YoY to $4.64B — Taiwan's top chip design company, MediaTek (2454.TW), expects to earn revenue of billions of dollars from its AI accelerator ASIC chips by 2027 …
More: MediaTek and Taipei Times
| Bloomberg: |
Singapore seizes more than $115M in assets linked to Cambodia's Prince Group, which the US and UK accuse of stealing billions of dollars via online scam centers — Singapore has seized more than S$150 million ($115 million) in assets linked to alleged money laundering and forgery …
More: Singapore Police Force, The Business Times, Cryptonews, and Blockonomi
| Brian Steinberg / Variety: |
ESPN plans to make its College Gameday telecast available on host Pat McAfee's X account, as Disney and YouTube TV continue to spar over a new carriage deal — Can Pat McAfee help Disney prevail over YouTube TV in TV's never-ending carriage wars? — Disney's ESPN said it would make one …
More: Cord Cutters News, Awful Announcing, New Jersey Online, Stuff, Deseret News, and PCWorld
X: @espnpr, @austinkarp, @moshady, @jacksettleman, @danwetzel, @adamschefter, @kolemichael, @lynnbailie, @mls_x_, @sportzassassin, @jreakin, @biggerten, @mcquaidnfl, @mcb2__, @admaniexplains, @nptsethbutler, and @collegegameday. Bluesky: @saltcreekbrews. Forums: r/cordcutters
| Financial Times: |
China says it will allow some Nexperia semiconductor chip exports to resume to ease critical supply shortages impacting global auto production — Dispute over Netherlands-based chipmaker has threatened to disrupt global auto supply chains — China has said it will allow some Nexperia chips …
More: Tom's Hardware, BBC, CNBC, Agence France-Presse, Taipei Times, South China Morning Post, Yahoo Finance, Reuters, Automotive News, Bloomberg, Hürriyet Daily News, Euractiv, Deutsche Welle, Dow Jones Newswires, Nikkei Asia, The Autopian, ZeroHedge News, Jalopnik, The Guardian, Silicon UK, and DigiTimes
| Christopher Mims / Wall Street Journal: |
Despite the hype around large AI models, many companies like Meta are using small models for routine tasks, finding them more practical and cost-effective — For many tasks in corporate America, it's not the biggest and smartest AI models, but the smaller, more simplistic ones that are winning the day| Carmen Arroyo / Bloomberg: |
Tech companies, including Meta and xAI, are using SPVs to raise tens of billions for AI data centers, letting them keep the debt off their balance sheets — Just this month, Meta Platforms Inc. has secured about $60 billion in capital to build data centers, part of its spending to get ahead in the artificial intelligence race.
More: Bloomberg and Axios
X: @arroyonieto. LinkedIn: Paula Seligson. Bluesky: @mattzollerseitz, @datadrivenmd.social, @meigloo, @ivanthek, @lmnisop, and @tumescentnumpty. Forums: r/artificial
| Paula Doenecke / Bloomberg: |
Vista Equity Partners buys a majority stake in Nexthink, which uses AI to let businesses track employees' device and app performance, valuing Nexthink at $3B — Vista Equity Partners snapped up a majority stake in Nexthink SA, valuing the Swiss-American software company at $3 billion, the firm said in a statement.| Yamini Kalia / Reuters: |
Vodafone agrees to acquire Skaylink, a German company specializing in managing cloud deployments on Microsoft Azure and AWS, for €175M from PE firm Waterland — Britain's Vodafone (VOD.L) on Thursday said it will acquire German cloud and digital transformation firm Skaylink for 175 million euros …
More: Vodafone.com, TelecomTV, and The Fast Mode
| Mayumi Negishi / Bloomberg: |
NEC to buy US-listed CSG, a SaaS provider of customer care and billing services for telcos and other companies, for ~$2.9B in a deal expected to close in 2026 — Japan's NEC Corp. is buying CSG Systems International Inc., a US supplier of customer care and billing services for telecom companies …
More: CSG Systems, Inc., NEC, CSG Systems, Inc., and Reuters
| Bloomberg: |
Brian Armstrong ended Coinbase's Q3 earnings call by saying certain words that Kalshi and Polymarket users had wagered would be mentioned during the call — When Coinbase Global Inc.'s quarterly earnings call wrapped up Thursday, its chief executive, Brian Armstrong, didn't finish with profit guidance or statements of confidence.
More: Gizmodo, CryptoSlate, Fast Company, Decrypt, Cryptonews, Yahoo Finance, DL News, Coinpedia Fintech News, Crypto Briefing, CoinDesk, and Cointelegraph
X: @brian_armstrong, @jdorman81, @probaaron, @seanlippel, @luke_metro, @beaniemaxi, @frosen43, @0xfoobar, @adamscochran, @hasufl, @astraffon, @mattmillsap, @readdanwrite, @polymarket, and @0xtyrael. Bluesky: @carnage4life. Forums: Slashdot
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