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October 8, 2025, 12:15 PM
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memeorandum
WeSmirchTop News
| Bloomberg: |
Nvidia and OpenAI's wave of circular deals escalates concerns that they're artificially propping up the $1T+ AI market that is tied to every part of the economy — A wave of deals and partnerships are escalating concerns that the trillion-dollar AI boom is being propped up by interconnected business transactions.
More: Financial Times, SFGATE, The Guardian, Financial Times, The Economic Times, Benzinga, Platformer, Bloomberg, Semafor, New York Times, Implicator.ai, AIN, Axios, Bloomberg, Spyglass, ZeroHedge News, and Bloomberg
X: @mattzeitlin, @jaguaranalytics, @oliviasolon, @darioperkins, @shanumathew93, @adisurreyenergy, @garethdennis, @vshih2, and @pbridgefounders
LinkedIn: Andrey Sidorenko, Jai Prakash Gautam, John Collins, Agnee Ghosh, Paola Meta, Victor Baron, and Senko Rašić
Bluesky: @robertscotthorton, @pauljdavies, @aguasonic.com, @tomscocca, @mausellmoli, and @justinhendrix. Forums: r/AMD_Stock
| Annie Palmer / CNBC: |
Jensen Huang says AMD offering a 10% stake to OpenAI is “imaginative” and “surprising” considering that AMD was “so excited about” its next-generation chip — Nvidia CEO Jensen Huang said Wednesday that he's surprised Advanced Micro Devices offered 10% …
More: TipRanks Financial, Tech in Asia, Benzinga, and NDTV Profit
X: @stevehou0, @firstadopter, @mikelongterm, @rwang07, @zerohedge, @edludlow, @apompliano, @mikelongterm, @zephyr_z9, and @rwang07
Forums: r/AMD_Stock and Slashdot
| Bloomberg: |
Sources: xAI nears a deal to raise $20B in equity and debt, tied to the Nvidia GPUs that xAI plans to rent for Colossus 2, with Nvidia investing as much as $2B — Elon Musk's artificial intelligence startup xAI is raising more financing than initially planned, tapping backers including Nvidia Corp …
More: Quartz, Tom's Hardware, International Business Times, The Ankler, New York Post, Yahoo Finance, Reuters, Verdict, WinBuzzer, Tech Funding News, Watcher Guru, TipRanks Financial, TechPowerUp, Business Standard, thesun.my, Livemint, MarketWatch, South China Morning Post, Analytics India Magazine, Benzinga, DigiTimes, PitchBook, MacDailyNews, and Barron's Online
X: @edludlow, @andrewcurran_, @deredleritt3r, @tr0llytr0llface, @shanumathew93, @edludlow, @andrewcurran_, @arroyonieto, @andrewcurran_, @jaguaranalytics, @pip_net, @economyapp, @stocksavvyshay, and @mattzeitlin. Threads: @kroofnews
Forums: r/hardware, r/StockMarket, and r/AMD_Stock
| Sam Clark / Politico: |
A website set up by a Danish software developer floods EU lawmakers with emails opposing planned EU “Chat Control” laws to fight CSAM by scanning encrypted apps — A software developer from Denmark is having an outsized influence on a hotly debated law to break open encrypted apps.
More: Fight Chat Control, The Register, HotAir, and GovInfoSecurity.com
X: @mer__edith, @signalapp, @markeviciute, @globalaffairs, @paddi_hansen, @paddi_hansen, @defmon3, @techworkersber, @murenacom, @tutaprivacy, @dhh, @noyyy, and @eff
Mastodon: @metacurity@infosec.exchange and @randy_@social.linux.pizza
Forums: Hacker News, r/eutech, r/europe, r/privacy, r/stupidpol, r/france, and r/europrivacy
| Suzanne Smalley / The Record: |
German officials say they will vote against the EU's “Chat Control” proposals, signaling the bloc will not have enough support to pass the measure on October 14 — German officials on Wednesday said they will vote against a European Union proposal to allow the scanning …
More: CyberScoop, TechRadar, Reclaim The Net, Implicator.ai, WinBuzzer, Tech Xplore, ZeroHedge News, and Financial Times. Bluesky: @suzannesmalley
| CryptPad Blog: |
Open letter: 40+ European companies oppose the EU's “Chat Control” proposal, which would force services to scan messages for CSAM, fearing a backdoor mandate — Today we are adding our signature (and that of our parent company XWiki SAS) to a new open letter against the so-called “Chat Control” EU regulation.| Tom Warren / The Verge: |
Microsoft delays last week's 50% price hike for existing Xbox Game Pass Ultimate subscribers in Germany, Ireland, South Korea, Poland, India, and other markets — Current subscribers in some European countries won't be affected by Microsoft's Game Pass price hikes just yet.| Naga Avan-Nomayo / The Block: |
Polymarket CEO Shayne Coplan says the startup raised two undisclosed rounds: $55M at a $350M valuation in 2024 and $150M at a $1.2B valuation earlier in 2025 — - Polymarket CEO Shayne Coplan says the prediction platform raised $55 million in 2024 and $150 million earlier this year.| Ben Thompson / Stratechery: |
Q&A with Sam Altman on OpenAI's unifying vision, infrastructure deals, the investor mindset, ChatGPT apps, Instant Checkout, Sora, copyright, feedback, and more — Today's Stratechery Interview is with OpenAI co-founder and CEO Sam Altman. I have interviewed Altman twice before …
More: Search Engine Land, Implicator.ai, and Wired
| Pew Research Center: |
A survey of US parents: 90% say their kids aged 12 or younger watch TV, 68% use a tablet, 61% use a smartphone, 50% use a gaming device, and 8% use a chatbot — From YouTube to smartphones to tablets, tech is part of kids' lives. AI chatbots are part of the mix now, too.| Barbara Moens / Financial Times: |
Sources: Meta and Apple are close to settling two EU antitrust cases and agreeing to a deal to change their business practices after a total €700M in DMA fines — US Big Tech groups in final stages of agreeing deal with Brussels to avoid series of escalating fines
More: 9to5Mac, MacRumors, AppleInsider, iClarified, and Benzinga
X: @timsweeneyepic, @timsweeneyepic, and @jason_kint. Bluesky: @justinhendrix. Forums: MacRumors Forums
| Financial Times: |
Sources: OpenAI and Anthropic consider using investor funds to settle potential claims from multibillion-dollar lawsuits, as insurers balk at covering AI risks — Companies struggle to assess scale of financial risks emerging from artificial intelligence — OpenAI and Anthropic …
More: Reuters, Music Ally, Fortune, Tech in Asia, Yahoo Finance, and The Decoder
| Kurt Schlosser / GeekWire: |
Amazon announces Amazon Pharmacy kiosks to quickly dispense medications to patients after an appointment, initially rolling out in its One Medical offices in LA — Amazon is erasing the distance between the doctor's office and the pharmacy with the introduction of new Amazon Pharmacy kiosks … | Bloomberg: |
Russian-speaking ransomware gang Qilin claims responsibility for attacking Japan-based Asahi and stealing ~27GB of data, including financial docs and contracts — A cohort of Russian-speaking hackers known as Qilin has claimed responsibility for a ransomware attack that hobbled Asahi Group …
More: The Independent, The Record, Comparitech, ITPro, Kyodo News, SecurityWeek, Silicon UK, Cyber Daily, and Reuters
| Washington Post: |
An analysis of 1,100 TikTok users' watch histories across six months in 2024 shows just how effective TikTok is at getting even its heaviest users to watch more — More than 800 U.S. TikTok users shared their data with The Washington Post. We used it to find out why some people become power users, spending hours per day scrolling.
More: The Boston Globe and Washington Post
| Nick Lichtenberg / Fortune: |
Harvard economist Jason Furman estimates that investments in data centers and information-processing software accounted for 92% of the US' GDP growth in H1 2025 — U.S. GDP growth in the first half of 2025 was almost entirely driven by investment in data centers and information processing technology …
More: WinBuzzer. X: @jasonfurman, @jasonfurman, @ernietedeschi, @jasonc_nc, and @adrianweckler. Bluesky: @realsporkman. Mastodon: @nixCraft@mastodon.social
Forums: Hacker News, r/Economics, r/artificial, r/wallstreetbets, r/technology, and Slashdot
| Bloomberg: |
Sources: $TRUMP issuer Fight Fight Fight LLC is working to raise $200M to $1B to create a digital asset treasury company to accumulate the struggling token — The startup that issued Donald Trump's memecoin several days before his second presidential inauguration is working to raise … | Amos Zeeberg / New York Times: |
Researchers are developing ways to use synthetic diamonds to cool AI data center chips; De Beers-owned Element Six has long made diamonds for satellite chips — Data centers squander vast amounts of electricity, most of it as heat. The physical properties of diamond offer a potential solution, researchers say.| Kerry Flynn / Axios: |
Snappr, a visual content platform and a marketplace for professional photographers and editors, raised a $28M Series B led by Foundry and expands to Europe — Snappr has expanded its visual content platform, along with its network of photographers, to Europe after raising a Series B round, CEO Matt Schiller exclusively tells Axios.| Mark Hallam / DW News: |
Germany's Federal Cartel Office opens an investigation into whether Temu is influencing the pricing of third-party merchants, potentially stifling competition — Germany's competition watchdog has announced an investigation of Chinese discount online retail site temu.com, suspecting it of influencing retailers' prices.
More: Reuters
| Lily Kuo / New York Times: |
China's Cyberspace Administration began a two-month campaign in late September to fight “excessively pessimistic sentiment” and defeatist ideas on social media — As China struggles with economic discontent, internet censors are silencing those who voice doubts about work, marriage, or simply sigh too loudly online.| Jess Weatherbed / The Verge: |
Filing: Elon Musk and X settle a lawsuit by former Twitter CEO Parag Agrawal, Chief Legal Officer Vijaya Gadde, and others over $128M+ in unpaid 2024 severance — The settlement agreement over withheld severance is dependent on Musk meeting ‘certain conditions.’| John Revill / Reuters: |
SoftBank Group agrees to acquire ABB's robotics business, which generated $2.3B in sales in 2024, for $5.4B; ABB expects the deal to close in mid-to-late 2026 — SoftBank Group (9984.T) said on Wednesday it has agreed to buy the robotics business of Swiss engineering group ABB (ABBN.S) in a $5.4 billion deal.
More: The Information, Bloomberg, TechCrunch, SoftBank Group Corp., Nikkei Asia, The Verge, The American Bazaar, The Robot Report, CNBC, Reuters, Tech.eu, Morningstar, Inc., Neowin, MarketWatch, Forbes, Wall Street Journal, Yahoo Finance, Silicon Republic, Robotics & Automation News, Tech Funding News, Financial Times, TNGlobal, Capital Brief, Benzinga, The Japan Times, and Tech Xplore
X: @daveg, @zephyr_z9, and @andreasklinger
| Edith Hancock / Wall Street Journal: |
The European Commission outlines its Apply AI Strategy and AI in Science Strategy, aiming to speed up AI adoption in key industries and boost AI-driven research — There is concern the EU is too dependent on foreign tech companies — The European Union outlined plans to promote European adoption …
More: European Commission, The Economic Times, eeNews Europe, The Decoder, Reuters, WinBuzzer, and Politico
| Financial Times: |
An overview of detailed AI usage reports from OpenAI and others, as Microsoft's AI for Good Lab estimates that 15% of the world's working population is using AI — New data shows the ways millions have integrated the technology into their everyday lives More than 18bn messages are sent to ChatGPT every week.Sponsor Posts
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