Chainalysis says Binance hackers used automated money-laundering patterns not seen before; Elliptic: almost all of the $6.3B was taken in the first 30 minutes  —  North Korean hackers' attack on Binance takes crypto theft to an unprecedented scale  —  The largest financial theft in history took no more than 30 minutes.

Sources: OpenAI has secured ~$11B in commitments for its latest funding round, less than half its initial $30B target, and expects to raise more in coming weeks  —  The ChatGPT maker's latest funding round values it at $1.25 trillion, less than its $1.4 trillion target

Alphabet, Meta, Microsoft, Amazon, and Oracle have a collective $3T+ in AI spending commitments over the coming years, including Alphabet's $1T and Meta's $800B  —  The five largest players in the data center race have committed more than $3 trillion in spending over the coming years …

Google says its Suncatcher prototype data center satellite is online after an October 1 launch, with Gemma 4 generating a haiku about being in space  —  Google Suncatcher's prototype space data center is online and communicating with the ground after launching earlier this month alongside …

Intel stock closed down 28.58% on Friday, its worst day since the 1970s and wiping ~$12B off US government's stake, after issuing weaker-than-expected guidance  —  Intel shares plummeted 29% on Friday, their worst day since the 1970s, after the chipmaker issued weaker-than-expected guidance due …

Anthropic says a malicious actor used access to Cursor's marketplace to publish a “tampered” copy of the Claude Code extension, which it didn't build or publish  —  We're working with Cursor on this incident, but it wasn't a compromise of Anthropic's systems or employee laptops. A malicious actor used access to Cursor's marketplace to publish a tampered copy of the Claude Code extension, which we didn't build or publish. The versions on our official channels a...

OpenAI, Google, Microsoft, and Anthropic say they will adopt a new standard that publishers can use to opt out of being scraped by AI across multiple crawlers  —  The new control will allow publishers to apply their AI training preferences across multiple crawlers.

As AI models commoditize, lasting wealth will accrue to those controlling chokepoints like distribution, payment rails, and a stablecoin dollar, not to the labs  —  Scarce, controllable positions of Economic Power whose holders durably capture the gains of Increasingly Capable and diffused intelligence.

Sources: neoclouds CoreWeave, Nebius, and Nscale have effectively been shut out of the bond market in recent weeks as lenders and investors demand tougher terms  —  Lenders and investors are getting choosier about their bets and demanding stricter terms, as the AI build-out enters a new phase

S&P downgraded Meta's outlook from stable to negative, citing high capex and negative free cash flow; META fell 15% in October, its worst month in four years  —  Meta's outlook has been revised downward by S&P Global Ratings on concerns surrounding cash flow and AI spending.