| Cade Metz / New York Times: |
Sources: AI startup Project Prometheus raised $6.2B, including from Jeff Bezos, who is its co-CEO, his first operational role since leaving Amazon in July 2021 — Called Project Prometheus, the company is focusing on artificial intelligence for the engineering and manufacturing of computers, automobiles and spacecraft.| Bloomberg: |
US filing: Peter Thiel's Thiel Macro sold 537,742 Nvidia shares, worth ~$100M as of September 30, during Q3, amid rising concerns about an AI investment bubble — Peter Thiel's hedge fund Thiel Macro LLC sold off its holdings in Nvidia Corp. during the third quarter, marking another retreat … | Laith Al-Khalaf / Financial Times: |
Klarna CEO Sebastian Siemiatkowski says he is “nervous about the size of these investments in these data centers”; he owns stakes in OpenAI, Perplexity, and xAI — OpenAI backer Sebastian Siemiatkowski says tech industry is committing too much money to huge computing infrastructure| New York Times: |
Investigation: $28B+ in crypto tied to illicit activity flowed into crypto exchanges like Binance over the past two years, as President Trump embraced crypto — President Trump has started his own cryptocurrency business and vowed to make the United States the world's “crypto capital.”| Joe Wertz / Bloomberg: |
Google DeepMind releases WeatherNext 2, a weather model that it says offers faster, more accurate two-week forecasts and includes more tools for energy traders — Google DeepMind has released a new artificial intelligence weather model that it says is faster and more accurate than anything it's built … | Ben Bergman / Business Insider: |
In an informal survey of 300+ Cerebral Valley AI Conference attendees asking which $1B+ valuation startup to short, most voted Perplexity, followed by OpenAI — - An audience at a top AI conference in San Francisco was asked what startup they would short. — Perplexity, an AI search … | M.G. Siegler / Spyglass: |
The FT's Tim Cook retirement story could be a “trial balloon” from people close to him, if Cook decides to leave after Apple's “blockbuster” Q1 earnings report — Might Tim Cook retire as CEO of Apple in early 2026? There are signs... Two weeks ago, Tim Cook turned 65.| Emily Mason / Bloomberg: |
Ramp says it is now valued at $32B following a $300M raise led by Lightspeed and an employee tender offer, up from a $22.5B valuation in July — Corporate spending management platform Ramp reached a $32 billion valuation after a $300 million primary financing round and an employee tender offer.| Zoë Schiffer / Wired: |
Q&A with OpenAI CEO of Applications Fidji Simo on joining OpenAI, ChatGPT users' mental health, profitability, data center deals, her chronic illness, and more — As OpenAI expands in every direction, the new CEO of Applications is on a mission to make ChatGPT indispensable and lucrative.| Bloomberg: |
Meta says its 2Africa subsea internet cable project remains incomplete in the southern Red Sea due to security risks; Google's Blue-Raman cable is also delayed — Multiple subsea internet cables slated to run through the Red Sea are yet to complete as planned, as political tensions … | Pete Danko / Portland Business Journal: |
Vancouver-based PowerLattice, which makes a power supply chiplet to reduce compute power needs by 50%+, raised a $25M Series A, taking its total funding to $31M — A Vancouver company that says it has a groundbreaking solution to the rising AI power challenge announced a $25 million Series A funding round on Monday.| Alex Konrad / Upstarts Media: |
Span, which aims to help companies measure the value of AI-assisted coding, raised $25M in seed and Series A rounds from Alt Capital, Craft Ventures, and others — In April, J Zac Stein took his cofounder Henry Liu out to dinner to pitch him on a new product: a model for detecting when code was generated by AI.| Samuel Stolton / Bloomberg: |
Sources: the European Commission wants to decide if AWS, Azure, or Google Cloud should face new restrictions under the DMA, after several major cloud outages — Amazon Web Services, Microsoft Corp.'s Azure, and Alphabet Inc.'s Google Cloud risk being dragged into the scope … | Kieran Smith / Financial Times: |
Sources: UK companies tell the UK that a planned ban on paying ransoms to ransomware gangs is unlikely to stop attacks and could result in services collapsing — Companies and security groups warn government's proposed measure is unlikely to stop hacking attacks
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