| Greg Bensinger / Reuters: |
Sources: Amazon plans to lay off ~10% of corporate staff, or ~30,000 people, its largest layoffs since 2022, to reduce costs and address pandemic overhiring — Amazon (AMZN.O) is planning to cut as many as 30,000 corporate jobs beginning Tuesday, as the company works to pare expenses … | Kif Leswing / CNBC: |
Qualcomm unveils two AI inference chips, the AI200, set for 2026, and the AI250, planned for 2027, and says Humain is the first customer; QCOM closes up 11% — Qualcomm announced Monday that it will release new artificial intelligence accelerator chips, marking new competition for Nvidia … | OpenAI: |
OpenAI estimates that around 0.07% of ChatGPT users active in a week show “severe mental health symptoms” like mania, and details its safety improvements — We worked with more than 170 mental health experts to help ChatGPT more reliably recognize signs of distress, respond with care … | Marcus Mendes / 9to5Mac: |
Meta launches “ghost posts” on Threads, letting users share “unfiltered thoughts” in posts that disappear after 24 hours; replies will appear as a DM — Threads is rolling out ghost posts, which get automatically archived after 24 hours. Here's how it works.| Reuters: |
The US forms a $1B partnership with AMD to build two AI supercomputers, Lux and Discovery, accelerating research in fusion energy, drug development, and more — - Supercomputers to help harness fusion energy, treat cancer — Lux supercomputer to come online in six months| Vallari Srivastava / Reuters: |
NextEra Energy and Google sign a 25-year power supply deal, which includes restarting the 615MW Duane Arnold nuclear plant in Iowa, shut down in 2020 — U.S. utility NextEra Energy (NEE.N) and Alphabet's (GOOGL.O) Google have singed a power supply deal, which would help restart the Duane Arnold nuclear plant in Iowa.| Angel Au-Yeung / Wall Street Journal: |
AI contractor marketplace Mercor raised a $350M Series C led by Felicis at a $10B valuation, following a $100M Series B at a $2B valuation announced in February — Founded in 2023 by three college dropouts, Mercor recruits humans to train chatbots, a new industry gold mine| MiniMax: |
| Jez Corden / Windows Central: |
Sources: Microsoft's next Xbox will run Windows, letting users play PlayStation titles on Steam and the full Xbox console library, without a multiplayer paywall — The new Xbox platform is said to be a “premium” experience, and now we have some details on what it'll look like.| Hannah Murphy / Financial Times: |
Internal memo: Vishal Shah, who led Meta's metaverse unit, will now lead AI product management; sources: Vibes was rushed out to get ahead of OpenAI's Sora — Vishal Shah takes on key role after Meta AI video service Vibes overshadowed by OpenAI's Sora — Mark Zuckerberg has appointed … | Dion Lim / CEO Dinner Insights: |
The current AI investment boom will spark a “wildfire” that wipes out some companies, yet bolsters and enables others by unlocking GPUs, energy, and talent — AI won't crash—it will burn. Like every tech cycle, the fire will clear the brush, redistribute talent, and leave infrastructure to power what comes next.| Kai Wu / Sparkline Capital: |
| Webb Wright / ZDNET: |
Anthropic expands Claude for Financial Services with a beta Claude for Excel integration, additional data connectors, and new pre-built Agent Skills — ZDNET's key takeaways — Anthropic's Claude chatbot just got a suite of finance updates. — Claude can draft financial reports, access new data, and more.| Asa Fitch / Wall Street Journal: |
A look at Anthropic's success with corporate AI, which makes up ~80% of its revenue; a July report put its enterprise API market share at 32% vs. OpenAI's 25% — Anthropic, backed by Amazon and Google, is focusing on corporate customers rather than the mass market| Annie Palmer / CNBC: |
Filing: iRobot says its last potential buyer withdrew from the process and its financials remain dire, following Amazon abandoning a 2024 bid; IRBT drops 33%+ — Shares of iRobot plunged 33% on Monday after the company warned its search for a buyer has hit a substantial roadblock and its financial condition remains dire.| Ashley Capoot / CNBC: |
OpenAI urges the US to commit to building 100GW of new energy capacity each year to stay ahead of China in AI, and says “electrons are the new oil” — OpenAI on Monday said the U.S. needs to substantially ramp up its investment in new energy capacity if it wants to stay ahead … | Josh Scott / BetaKit: |
Toronto-based Wealthsimple, an online investment management service, raised CA$750M co-led by Dragoneer and GIC at a post-money valuation of CA$10B — Up to $750-million financing includes $550-million primary and $200-million secondary offerings. — Toronto-based FinTech firm Wealthsimple … | Sneha Kumar / Reuters: |
Australia sues Microsoft for allegedly misleading ~2.7M Microsoft 365 users into accepting a price hike for Copilot plans while hiding cheaper non-AI options — - Microsoft 365 personal plan price increased by 45% — Cheaper ‘classic’ plan only revealed during cancellation process| Financial Times: |
Sources: Forge Global, a leading platform for trading stakes in private startups, is exploring a sale, after its stock fell 90% since its 2021 IPO — Platform for trading stakes in private start-ups went public in 2021 through reverse merger with blank cheque company| Emily Mason / Bloomberg: |
Citigroup and Coinbase say they are exploring on-chain stablecoin payments and simpler crypto-fiat transfers for Citi's institutional clients — Citigroup Inc. and Coinbase Global Inc. are teaming up to provide expanded digital-asset payment capabilities to the bank's corporate clients … | Paige Smith / Bloomberg: |
PayPal and Bilt, which offers rewards points for rent payments, say Bilt customers will be able to use Venmo to make rent and mortgage payments starting in 2026 — PayPal Holdings Inc. and Bilt Rewards are teaming up to let customers use Venmo to make rent and mortgage payments starting early next year.| Vallari Srivastava / Reuters: |
Chegg plans to cut 388 roles, or about 45% of the workforce, citing the “new realities of AI”, and says executive chairman Dan Rosensweig returns as CEO — Educational technology company Chegg (CHGG.N) said on Monday it would cut 388 roles globally, or about 45% of the workforce … | Anna Irrera / Bloomberg: |
IBM launches Digital Asset Haven, a digital assets platform built with crypto wallet provider Dfns for financial institutions, governments, and companies — International Business Machines Corp. is launching a digital assets platform to allow financial institutions, governments and companies … | Will McCurdy / PCMag: |
X prompts users to re-enroll their security keys for 2FA, and will lock accounts that are not updated by Nov. 10, allowing it to retire the Twitter.com domain — If you're using a hardware security key as your two-factor authentication (2FA) method on X, you'll need to re-enroll by Nov. 10 or your account will be locked.| Milana Vinn / Reuters: |
Sources: SAP is considering a new bid for accounting software company BlackLine, after its previous bid of nearly $4.5B was rejected in June — - Previous $66 per share offer was rejected in June, a source says — SAP is a key customer, accounting for nearly 30% of BlackLine's revenue
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| Jonathan Weil / Wall Street Journal: |
| Molly Schuetz / Bloomberg: |
| Kat Tenbarge / Wired: |
| Lien Hoang / Nikkei Asia: |
| New York Times: |
| Anthony Ha / TechCrunch: |