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October 29, 2025, 9:05 AM
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Wall Street Journal:
Sources: OpenAI's restructuring, approved by California's AG, paves the way for an IPO as soon as 2027; Sam Altman says an IPO is likely but gave no timeframe  —  Company assured state officials that it would stay in California as it continues global expansion, which could include a public offering as soon as 2027
Rocket Drew / The Information:
Memo: California's AG says OpenAI's restructuring has “no impact” on other cases, likely referring to Elon Musk's lawsuit against OpenAI over its restructuring
Bloomberg:
Nvidia plans to invest $1B in Nokia for a 2.9% stake and announces a partnership to integrate Nvidia tech into Nokia's network products; NOK closed up 22.8%  —  Nvidia Corp. is taking a $1 billion equity stake in Nokia Oyj and plans to supply the telecom company with artificial-intelligence powered computers for wireless networks.
Natalie Lung / Bloomberg:
Uber plans a fleet of 100,000 autonomous vehicles powered by Nvidia's new Drive AGX Hyperion 10, starting in 2027
Bloomberg:
After Nvidia GTC, Jensen Huang says “I don't believe we're in an AI bubble” and that Nvidia expects to sell 20M Blackwell chips, up from 4M Hopper chips  —  Nvidia Corp. Chief Executive Officer Jensen Huang announced a flurry of new partnerships and dismissed concerns about an AI bubble …
Maggie Eastland / Bloomberg:
Jensen Huang says the US needs “finesse” to maintain its AI lead over China and Nvidia is an “awkward place” as President Trump meets Xi Jinping later this week
Wall Street Journal:
During Nvidia's first ever GTC conference in Washington, DC, Jensen Huang praised Trump's policies and emphasized themes of patriotism and US national interests
Kif Leswing / CNBC:
Jensen Huang says its Blackwell GPUs are now in full production in Arizona, after being solely manufactured in Taiwan previously
Jason Schreier / Bloomberg:
Internal memo: Amazon makes “significant role reductions” to its game division and will cut down on big budget titles, as it focuses on Luna and casual games  —  Tech giant will reduce game development work and eliminate jobs  —  Amazon.com Inc. is gutting its video-game division …
Joanna Stern / Wall Street Journal:
A look at 1X's $20K Neo humanoid housekeeper robot, controlled remotely by a human with a VR headset, available now for preorder, with delivery expected in 2026  —  1X's Neo wants to be your housekeeper.  First, it needs to be controlled by a human in your home.  Cool with you?
Dylan Butts / CNBC:
SK Hynix reports Q3 revenue up 39% YoY to $17.02B, below $17.22B est., and operating profit up 62% YoY to a record $7.92B, boosted by demand for its HBM chips  —  South Korea's SK Hynix on Wednesday posted record quarterly revenue and profit, boosted by a strong demand for its high bandwidth memory used in generative AI chipsets.
The Verge:
Grokipedia hands-on: many articles clone Wikipedia, but deviate significantly on topics conflicting with Elon Musk's worldview; at times, it is overtly racist  —  xAI's Wikipedia-like website offers a generous take on Musk's worldview. … On Monday, a new online “encyclopedia” sputtered to life.
Mark Gurman / Bloomberg:
Sources: Apple is testing new versions of the MacBook Air, iPad mini, and iPad Air with OLED screens; the iPad mini will likely arrive first, as early as 2026  —  Apple Inc. is preparing major changes to its MacBook Air, iPad mini and iPad Air lines, with a plan to give the popular devices higher-end displays.
Adobe Newsroom:
A survey of 16K+ creators in eight countries: 86% use creative GenAI tools, 60% use multiple, 48% use them for ideation, and 52% for creating video and more  —  - 76 percent of creators say creative generative AI has helped grow their business and personal brand
Sean Michael Kerner / VentureBeat:
GitHub updates VS Code with Plan Mode for building step-by-step project approaches, MCP Registry integration, definable project rules via AGENTS.md, and more  —  GitHub is making a bold bet that enterprises don't need another proprietary coding agent.  They need a way to manage all of them.
David Gewirtz / ZDNET:
GitHub plans to launch Agent HQ, a hub to let developers access third-party AI coding agents, including Claude and OpenAI's Codex, in the coming months
Jennifer Maas / Variety:
EA reports Q2 net bookings down 13% YoY to $1.82B, below $1.88B est., and says it will no longer issue forward-looking financial guidance due to its $55B sale  —  Along with the issuing of the financial details Tuesday, the maker of “Madden NFL,” “Battlefield,” “The Sims” and “Apex Legends” …
Corporate Europe Observatory:
Big Tech's EU lobbying hit €151M in 2025, up from €113M in 2023 and €97M in 2021; between January and June 2025, Big Tech had 146 meetings with EU officials  —  The EU's digital rulebook is under unprecedented pressure from the Trump administration and a homegrown deregulation wave.
Wall Street Journal:
Amazon, UPS, Target, GM, and other major US companies are laying off tens of thousands of white collar workers, as executives hope AI can handle their workload  —  Layoffs at companies ranging from Amazon to Target are sending young and experienced workers alike into an unwelcoming market
Blake Brittain / Reuters:
Celebrity video shoutout app Cameo sues OpenAI for trademark infringement, alleging Sora's “cameo” feature is likely to cause confusion and dilute its brand  —  The maker of celebrity video platform Cameo sued OpenAI in a California federal court on Tuesday, arguing that the new …

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From Mediagazer

Deadline:
Nexstar closed down 13% on Monday after a US judge issued a temporary restraining order Friday evening blocking the company's $6.2B merger with Tegna

Georg Szalai / The Hollywood Reporter:
Ampere Analysis: global streaming subscription revenue grew 14% YoY in 2025 to $157.1B, up from $63B in 2020; including ad revenue, streaming revenue hit $177B

Corbin Bolies / The Wrap:
CBS News expands its investigative unit by hiring former Washington Post reporter and Pulitzer Prize winner Daniel Gilbert and Free Press reporter Gabe Kaminsky

More News

Earlier Picks

Emma Roth / The Verge:
YouTube will age-restrict more video game content showing “graphic violence” and stop creators from directing users to gambling sites involving digital goods
Dominic Preston / The Verge:
Oppo launches the €999 Find X9 and €1,299 Find X9 Pro in the UK and the EU with 7,025mAh and 7,500mAh silicon-carbon batteries and MediaTek Dimensity 9500 chips
Vicky Ge Huang / Wall Street Journal:
Western Union plans to launch dollar-backed stablecoin USDPT, built on the Solana blockchain and issued by Anchorage Digital Bank, in H1 2026
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