| Wall Street Journal: |
Memo: Netflix is cutting 6% of its staff, or ~1,000 jobs globally across product, tech, legal, and HR, its biggest layoffs since 2022, amid slowing growth — Job cuts affect about 1,000 positions and come as the company struggles with slowing growth — Netflix is cutting 6% of its staff … | Yuliia Dysa / Reuters: |
Ukraine says SpaceX has stopped Starshield, its military-grade Starlink service, from working at speeds above 100mph with no warning, disrupting drone missions — SpaceX (SPCX.O) has introduced a limit on some Starlink services in Ukraine, disrupting combat drone missions for which the technology … | Elon Musk / @elonmusk: |
| Financial Times: |
Sources: Anthropic told investors that its revenue jumped to $16.8B in Q3, up from $11.5B in Q2, and that the company was profitable on an adjusted basis in Q3 — AI start-up gathered investors for presentations in San Francisco on Wednesday ahead of its expected public listing| Michelle Fox / CNBC: |
CoreWeave closed down 15.5% as yields on its bonds near 15% amid concern over tech companies' heavy AI borrowing; Oracle dropped 8.8%, Nebius 10%, Dell 11.3% — CoreWeave's stock and bonds were both hit on Wednesday as investor fear grew that some technology companies are borrowing too heavily … | Ryan McMorrow / Financial Times: |
| Reuters: |
Filing: OpenAI says a staffer who joined Apple sent 100+ files to a personal account and made a presentation about an unreleased product to Apple leadership — An OpenAI employee who left the ChatGPT maker for Apple (AAPL.O) sent more than 100 files about an unreleased product to a personal account … | SpaceXSI: |
SpaceXSI debuts Grok Voice 3.0, saying it tops Artificial Analysis' speech-to-speech index, responds in under a second, and costs less than rivals, at $0.08/min — The world's most intelligent voice model. … Today, we're announcing Grok Voice 3.0, the world's most intelligent speech-to-speech model.| Dylan Freedman / New York Times: |
Researchers say they discovered and communicated with Chinese AI agents that were trying to bypass security controls on websites and were traced to Tencent — Researchers discovered that the agents were trying to bypass security controls on websites and made contact with them.| Dina Bass / Bloomberg: |
OpenAI names Uday Ruddarraju, who joined OpenAI last year and was promoted as CTO for compute in July, to lead its infrastructure and compute businesses — OpenAI has named former xAI executive Uday Ruddarraju to lead its infrastructure and compute businesses, marking the latest leadership shakeup … | Anissa Gardizy / Wall Street Journal: |
| Cassandre Coyer / Bloomberg Law: |
Eight US states sue OpenAI separately in a bipartisan effort, alleging it didn't implement sufficient safeguards to protect kids and other vulnerable users — More than half a dozen states sued OpenAI Inc. Wednesday alleging the tech giant didn't implement sufficient safeguards to protect vulnerable users, including kids.| Peter Wells / Financial Times: |
Berkshire Hathaway invests an additional $330M in Bending Spoons, taking its stake to 4%, after investing $600M during Bending Spoons' July IPO; BSP jumps 40%+ — Shares of conglomerate that owns AOL and Vimeo jump more than 50% on news of expanded investment by Nebraska asset manager| Todd Spangler / Variety: |
Shareholders for both Fox Corp. and Roku approve Fox's $22B acquisition of Roku; Fox expects the deal to be finished in H1 2027, subject to regulatory clearance — At separate special meetings of shareholders Wednesday to vote on the deal, the majority of shares owned by Fox Corp. and Roku investors were in favor the deal.| Reuters: |
ASML says it cannot fully meet AI-driven demand for its chipmaking tools in 2027 and 2028, and is seeing “strong interest” in orders for 2029 and 2030 — ASML (ASML.AS) said on Wednesday AI-driven demand for its chip-printing tools is so strong that it will not be able … | Jay Peters / The Verge: |
Epic unveils a refresh of its Epic Games Launcher for PC in preview, saying that the new version is “vibe coded” and “way faster”, and now supports Linux — Epic is making a big push into AI-assisted development, and that approach includes its work on the new, faster launcher.| Chris Metinko / Axios: |
AI infrastructure startup Modal raised a $750M Series D led by Accel at a $15.75B post-money valuation, taking its total funding to $1.2B, and passes $1B ARR — AI infrastructure startup Modal raised a $750 million Series D at a $15.75 billion post-money valuation and topped $1 billion in ARR … | Lauren Forristal / TechCrunch: |
YouTube Music rolls out labels for songs created with the help of AI; Spotify has AI labels, and Apple Music plans to add “Made With AI” labels later this year — YouTube Music announced Wednesday the rollout of a new labeling system aimed at improving transparency around songs created with the help of generative AI.| Bloomberg: |
Sources: Anduril opens a tender offer of up to ~$1.3B for staff at a ~$90B valuation, available in 16 countries for the first time; it was valued at $61B in May — Anduril Industries Inc. is allowing employees to sell shares as part of a tender that stands to value the defense technology startup … | Mark Gurman / Bloomberg: |
Sources: Apple plans to launch Apple Intelligence in China in December via iOS 27.3, with features first rolled out in 2024; the launch won't include Siri AI — Apple Inc. is gearing up to release its artificial intelligence platform in mainland China, following a lengthy regulatory delay … | Ivan Mehta / TechCrunch: |
Zenzap, a private messenger with AI agents that aims to replace apps like WhatsApp in the workplace, raised $44M from Bessemer, Lightspeed, and others — Many businesses around the world use consumer-facing chat apps like WhatsApp, Telegram, Discord, or iMessage to talk and coordinate with staff, and exchange documents or data.| Rolfe Winkler / Wall Street Journal: |
Apple closes above a $5T market cap for the first time, the second company after Nvidia to do so; Apple had crossed $5T six times intraday previously — To power Apple's next phase, CEO John Ternus needs to raise Apple's AI game — Apple became the second company to close above … | Reuters: |
Jensen Huang says Nvidia is pledging $250M in accelerated computing resources over five years to fund UK AI security and agentic safety research — US chipmaker Nvidia (NVDA.O) has pledged $250 million worth of computing resources to Britain over five years, to fund AI security research … | Bloomberg: |
Sources: the EU is negotiating with China to lift sanctions on an unnamed Chinese company in exchange for China lifting sanctions on a German ASML supplier — The European Union is in talks with China to secure relief from sanctions that threatened the survival of Sindlhauser Materials GmbH … | Anna Washenko / Engadget: |
WhatsApp rolls out a guest calling feature letting people join a call even if they don't have an account; guests cannot start a call and have to be invited — It's also working on calendar integrations for later this year. — WhatsApp is adding more flexibility for talking to people who aren't regular users of its service.| Reuters: |
Jio Platforms seeks to raise up to $3.2B in India's largest IPO, which would value it at as much as $108.3B; the offering opens October 21 and closes October 23 — Jio Platforms is set to raise up to $3.2 billion in India's largest IPO to date, which will value the group founded … | Luca Bertuzzi / Euronews: |
The EU Commission's AI Office launches formal AI Act probes into OpenAI and Anthropic over AI agent hacks; experts say the AI Act includes an R&D exemption — The EU is investigating OpenAI and Anthropic over AI agents that hacked outside organisations, raising questions about whether …
Azure Content Understanding: Building on lessons from a decade of Document Intelligence — What a decade of teaching machines to read real-world documents taught us about what LLMs can and can't do.
The best sales leaders aren't job hunting. Here's how to reach them without months of cold outreach. — Our team came from Box, Square, and Brex, so we already know the GTM leaders worth meeting.
UK tax compliance with Zoho Books — The evolving tax landscape in the UK has added an additional responsibility to business owners, accountants, and bookkeepers to ensure their choice of accounting software supports compliance …
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
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| Financial Times: |
| Jason Schreier / Bloomberg: |
| Gaby Del Valle / The Verge: |
| Works in Progress Magazine: |
| Kim Zetter / ZERO DAY: |
| Leo Marchandon / Reuters: |