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October 13, 2025, 11:00 AM
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memeorandum
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| Wall Street Journal: |
OpenAI and Broadcom agree to co-develop and deploy 10GW of custom AI chips to run OpenAI's models over four years; sources: the deal is worth multiple billions — The companies plan to deploy 10 gigawatts of custom AI chips over the next four years — OpenAI and Broadcom are working together …
More: Engadget, CNBC, Livemint, Business Insider, Capital Brief, The Information, Reuters, New York Times, Broadcom Inc., Bloomberg Law, Proactive, Benzinga, Dow Jones Newswires, WinBuzzer, Yahoo Finance, Financial Times, Motley Fool, and Barron's Online
X: @patrickmoorhead, @patrickmoorhead, @benbajarin, @gdb, @benbajarin, @marceloplima, @deitaone, @openainewsroom, @kenziesigalos, and @zephyr_z9. Bluesky: @sungkim. Forums: r/wallstreetbets
| Bloomberg: |
CoinGecko: crypto's combined market cap rises 6%+ to hit $4T, recovering from a brutal weekend selloff as President Trump tries to calm US-China trade war fears — Most major cryptocurrencies rebounded from steep losses suffered over a brutal weekend selloff, as President Donald Trump sought … | Emma Roth / The Verge: |
Slack is testing an AI-based version of Slackbot that acts as a personalized assistant, operating via AWS' virtual private cloud, rolling out at the end of 2025 — The revamped Slackbot acts more like an AI companion that can help you create plans, schedule meetings, find files, and more.| Larry Dignan / Constellation Research: |
At Dreamforce 2025, Salesforce unveils Agentforce 360, a unified agentic AI stack to connect humans, AI agents, and more, and positions Slack as an “agentic OS” — Salesforce announced a series of product updates, a process intelligence acquisition and an Agentforce 360 architecture designed … | Connor Hart / Wall Street Journal: |
Salesforce plans to invest $15B in San Francisco over the next five years, including funding an AI Incubator Hub and workforce programs; CRM is down 25% in 2025 — The investment will fund a new AI Incubator Hub and expand workforce-development programs, Salesforce says
More: Reuters, SFGATE, Dow Jones Newswires, Proactive, and Business Wire
| Financial Times: |
The Dutch government takes control of Chinese-owned Dutch chipmaker Nexperia using its Goods Availability Act, a first, to safeguard chip supply for Europe — Move by The Hague escalates frictions between western countries and Beijing over access to high-end technology
More: Government.nl, CNBC, BBC, The Register, DatacenterDynamics, Pekingnology, UPI, South China Morning Post, ZeroHedge News, Euractiv, Reuters, Silicon Canals, and Silicon Republic
X: @zerohedge, @fbermingham, @fbermingham, @naijaflyingdr, @shaunrein, @teortaxestex, @kanthan2030, @ricwe123, @kaiserkuo, @kuittinenpetri, @fbermingham, @fbermingham, @onechancefreedm, @vtchakarova, @nuryvittachi, @dancollins2011, @kanthan2030, @fpgax_, @fbermingham, and @fbermingham
Bluesky: @sensehofstede.nl and @jauntywk
Forums: r/NewsWithJingjing, r/Poldersocialisme, r/europe, and r/technology
| Stephanie Stacey / Financial Times: |
Strava CEO Michael Martin says Strava plans to launch a US IPO; Sensor Tower says Strava has 50M MAUs and users spent $180M+ on Premium in the year to September — CEO Michael Martin targets US IPO to raise capital for deals to keep Strava ahead of rivals including Garmin and Nike| Paul Sandle / Reuters: |
Ofcom fines 4chan £20K under the OSA for failing to provide info on the risk of illegal content; the UK's tech minister says the government “fully backed” Ofcom — Britain said on Monday it had issued U.S. internet forum site 4chan with a 20,000 pound ($26,644) …
More: Ofcom, The Verge, The Record, The Register, Politico, The Independent, UKTN, and BelfastTelegraph.co.uk
| Financial Times: |
Sources: London-based self-driving tech startup Wayve is in early stage talks with Microsoft and SoftBank to raise between $1B and $2B, valuing Wayve at ~$8B — London-based group seeks valuation of $8bn as global investors snap up deals with fast-growing AI start-ups
More: Reuters, Sifted, Implicator.ai, and Dow Jones Newswires
| Eshe Nelson / New York Times: |
Joel Mokyr, Philippe Aghion, and Peter Howitt win the Nobel Prize in Economics for their work on how innovation and technological progress helps economic growth — Joel Mokyr, Philippe Aghion and Peter Howitt won the prize for showing how “society must keep an eye on the factors that generate …
More: NPR, Forbes, The Guardian, NobelPrize.org, Reuters, Axios, NobelPrize.org, Financial Times, Reuters, The Indian Express, and Bloomberg
X: @mattyglesias, @patrickc, and @nobelprize
| Alex Traub / New York Times: |
John Searle, known for “the Chinese Room” thought experiment on AI consciousness, died on Sept. 16 at 93; his UCB tenure ended over alleged sexual harassment — His blunt debating and imaginative theorizing about artificial intelligence and the human mind made him a leading scholar.
More: Daily Nous, Colin McGinn, IFLScience, The Guardian, Daily Californian, and The Times
X: @atroyn, @eigenrobot, @teortaxestex, @thatguybg, and @romanyam
| George Hammond / Financial Times: |
OpenAI's multibillion-dollar Nvidia and AMD deals add a new layer to its complicated ownership structure and dilute shareholders, like Microsoft and SoftBank — Microsoft, OpenAI's staff and non-profit arm are due close to 90% of start-up. But Nvidia deal will dilute shareholders
More: ComputerWeekly.com and TechCrunch
| Cynthia B Brumfield / Metacurity: |
Sources: the Trump administration cut 176 CISA jobs last week, as part of laying off 4,000+ US federal workers, and is likely to make further mass CISA layoffs — Scattered Lapsus$ Hunters leaked 5m Qantas, 23m Vietnam Air customers' records, Spanish cops dismantle GXC Team … | Robert Olsen / Forbes: |
New York- and London-based ClaimSorted, which uses AI to help speed up insurance claims and works with 20+ insurers, raised a $13.3M seed led by Atomico — Robert Olsen is a journalist covering transatlantic business news. … The tedious, time-consuming process of settling insurance claims is practically begging for disruption.
More: FinTech Global, EU-Startups, and BusinessCloud
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