Techmeme
October 28, 2025, 4:15 AM

Top News

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
Financial Times:
EU officials are scrambling to resolve a growing trade clash with China over rare earths and chips, as the bloc gets caught between Beijing and Washington  —  Also in this newsletter: Campaigners file complaint against appointment of ex-tech lobbyist to data privacy watchdog  —  Good morning.
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 …
Forums: r/China
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 …
More: 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 …

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