| 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 … | Washington Post: |
Grokipedia, a Grok-based encyclopedia, launches with 885K+ articles, drawing from Wikipedia content; Elon Musk called it “a massive improvement” over Wikipedia — The right-leaning tech magnate is touting his own online encyclopedia as an unbiased alternative, but it went down after about an hour.| 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 closed up 11% — Qualcomm announced Monday that it will release new artificial intelligence accelerator chips, marking new competition for Nvidia … | OpenAI: |
OpenAI estimates ~0.07% of ChatGPT's weekly active users “indicate possible signs of mental health emergencies” 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 … | 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.| 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 in corporate AI, which makes up ~80% of its revenue; a July report put its enterprise API market share at 32%, above OpenAI's 25% — Anthropic, backed by Amazon and Google, is focusing on corporate customers rather than the mass market| Jonathan Stempel / Reuters: |
A US judge decertifies a class action that accused Apple of monopolizing the market for iPhone apps, citing errors in the plaintiffs' damages model — - Judge reverses February 2024 class certification — Apple monopolization said to result in higher prices — Disappointed plaintiffs to review next steps, lawyer says| Vallari Srivastava / Reuters: |
Chegg plans to cut 388 roles, or about 45% of its workforce, citing the “new realities of AI”, and says Executive Chairman Dan Rosensweig is returning as CEO — Educational technology company Chegg (CHGG.N) said on Monday it would cut 388 roles globally, or about 45% of the workforce … | Juby Babu / Reuters: |
NXP reports Q3 revenue down 2% YoY to $3.17B, vs. $3.16B est., automotive revenue flat YoY to $1.83B, and expects above estimates Q4 revenue of $3.20B to $3.40B — NXP Semiconductors NV (NXPI.O) forecast fourth-quarter revenue above Wall Street estimates on Monday, as it recovers … | Toby Sterling / Reuters: |
Sources: the Netherlands took control of Nexperia over fears its ex-CEO Zhang Xuezheng was dismantling its European operations and moving production to China — The Netherlands' decision to take control of chipmaker Nexperia in September was due to fears the company's former CEO … | Josh Scott / BetaKit: |
Toronto-based Wealthsimple, an online investment management service, raised CA$750M co-led by Dragoneer and GIC at a CA$10B post-money valuation — Up to $750-million financing includes $550-million primary and $200-million secondary offerings. — Toronto-based FinTech firm Wealthsimple … | 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 … | 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.| 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: |
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| Sneha Kumar / Reuters: |