| The Information: |
Sources: OpenAI is recruiting from Apple's hardware, design, manufacturing, and supply chain teams, as it targets late 2026 or early 2027 for its first devices — As OpenAI's plans to make devices infused with its artificial intelligence get closer to reality, the company is increasingly plucking talent … | Marcus Mendes / 9to5Mac: |
Report: OpenAI has considered building glasses, a digital voice recorder, and a pin, and has signed a deal with Luxshare to assemble at least one of its devices — A few months ago, OpenAI teamed up with Jony Ive to build the next generation of AI-powered hardware, under the brand io.| Reuters: |
President Trump signs a proclamation requiring companies to pay an annual $100,000 fee for H-1B visas, a move that could significantly impact the tech industry — - Visas are used principally by tech sector — Over 70% of beneficiaries of H-1B visas enter US from India| Kif Leswing / CNBC: |
Sources: xAI has raised $10B at a post-money valuation of $200B, weeks after reportedly raising $10B in debt and equity at a ~$150B valuation — Elon Musk's xAI is raising $10 billion from investors in a round that values the artificial intelligence startup at $200 billion, sources told CNBC's David Faber.| Jess Weatherbed / The Verge: |
Meta CTO says the technical issues during live demos of its new smart glasses were due to a self-inflicted DDoS and a bug that put Zuckerberg's glasses to sleep — Meta ran into some spectacularly embarrassing technical issues during the live demos of its new smart glasses this week, and now we know why.| Emmett Lindner / New York Times: |
Trump appears to suggest Xi Jinping approved a deal to divest TikTok's US operations during a call, but neither side elaborated on what the approval entailed — The president wrote on Truth Social, “appreciate the TikTok approval,” after a call with China's top leader, Xi Jinping.| Jez Corden / Windows Central: |
Microsoft plans to raise Xbox Series X price by $50 to $649.99 and Series S by $20 to $399.99 starting Oct. 3, citing “changes in the macroeconomic environment” — Microsoft cites challenging “macroeconomic” environment for the price increases, which sees the Xbox Series X hit a whopping $649.99.| The Information: |
Sources: Apple told at least two suppliers to boost their daily output of entry-level iPhone 17 by at least 30%, after strong pre-orders last weekend — Apple is rushing to boost production of its newly released entry-level model iPhone 17 after strong pre-orders last weekend.| Tim Bradshaw / Financial Times: |
Sources: Nvidia is in advanced discussions to invest $500M in UK self-driving car startup Wayve, as part of a £2B pledge for UK startups; Wayve is evaluating — AI chipmaker's chief tells London audience that UK's first trillion-dollar company will be an AI business| Bloomberg: |
Sources: Oracle is in discussions with Meta to provide Meta computing power for training and deploying AI models, in a deal worth about $20B — Oracle Corp. is in discussions with Meta Platforms Inc. for a cloud computing deal worth about $20 billion, providing further evidence that the company … | Annie Palmer / CNBC: |
Pattern, which helps brands optimize their sales on online marketplaces, closes up 11.6% at $15.63 per share in its Nasdaq debut, after raising $300M in its IPO — Pattern Group, one of the leading resellers on Amazon, took the plunge into the public markets Friday and saw its stock rise slightly in its Nasdaq debut.| Sri Muppidi / The Information: |
Sources: OpenAI plans to spend ~$100B on backup servers rented from cloud providers through 2030, in addition to the $350B already projected for server rentals — When OpenAI in March released ChatGPT features that could turn photos into animated characters, a spike in usage forced the company to put temporary limits on the features.| Alfred Ng / Politico: |
A US judge temporarily orders Meta not to respond to DHS subpoenas seeking Instagram users' info after their accounts posted an ICE agent's name — Activists have been posting the names and photos of officers involved in immigration enforcement operations online in efforts to publicly shame officers.| Washington Post: |
Tests show OpenAI's Sora can closely mimic Netflix shows, movies, TikTok videos, and Twitch streams, suggesting it was trained on versions of such content — Tests by The Post suggest the training data for OpenAI's video generators Sora included versions of movies, TikTok clips and Netflix shows.
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| Leah Nylen / Bloomberg: |