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November 8, 2025, 2:25 AM
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| Bloomberg: |
In a letter on October 27, OpenAI asked the Trump administration to expand a 35% Chips Act tax credit to help lower the cost of AI infrastructure — OpenAI has asked the Trump administration to revamp a Chips Act tax credit to help lower the cost of artificial intelligence infrastructure …
More: BonTech Labs, Marcus on AI, The Information, Reuters, SiliconANGLE, and OpenAI
X: @conorsen, @deanwball, @sama, @garymarcus, @seawolfcap, @zerohedge, @josephjacks_, @garymarcus, @aphysicist, @garymarcus, and @deanwball. Bluesky: @steveschulz
Forums: Hacker News and r/StockMarket
| Juby Babu / Reuters: |
Meta says it will invest $600B in the US infrastructure and jobs by 2028; Zuckerberg told Trump at a September dinner that Meta will spend “at least $600B” — Meta Platforms (META.O) on Friday said it will invest $600 billion in U.S. infrastructure and jobs over the next three years … | Suzanne Smalley / The Record: |
Unit 42: “commercial grade” spyware called Landfall, likely zero-click, was used in a hacking campaign aimed at Samsung Galaxy phones in the Middle East — Security researchers on Friday revealed the discovery of “commercial grade” spyware used in a 9-month-long hacking campaign aimed … | Reuters: |
In DeepSeek's first public appearance since R1's success, a senior researcher told a state-run conference he was pessimistic about AI's impact on humanity — - DeepSeek makes first public appearance in almost a year — Company has kept low profile since global breakout in January| Bloomberg: |
CoinGecko: crypto market cap falls to $3.5T from October's $4.4T peak, on track to erase its 2025 gains; crypto ETFs had $700M of net outflow over the past week — The stock market didn't crash this week. But after a seven-month spasm of retail-borne speculation, parts of the casino started clearing out.
More: Bloomberg, NewsBTC, and MacDailyNews
| Bloomberg: |
A US judge declares a mistrial after a jury couldn't reach a verdict on two brothers charged in 2024 for allegedly stealing $25M in crypto from Ethereum traders — A jury was unable to reach a verdict in the fraud trial of two brothers, both recently graduated from the Massachusetts Institute of Technology …
More: Reuters, Cointelegraph, and Business Insider
| Krystal Hu / Reuters: |
Vast Data, which develops data storage tools, inks a $1.17B AI deal with CoreWeave; Vast Data, valued at $9.1B in 2023, said it reached $200M ARR by Jan. 2025 — - CoreWeave to use Vast's data storage tools for cloud infrastructure — Vast Data's revenue stream bolstered by new deal
More: VAST Data Blog, The Next Platform, Axios, Tech Funding News, Verdict, CRN, and Globes. Forums: r/wallstreetbets
| Financial Times: |
Nasdaq had its worst 5-day run since April, falling 3% for the week as the combined market value of eight most valuable AI-related stocks fell by about $800B — Nasdaq falls 3% over the five-day period as investors worry about sky-high valuations — US companies closely tied …
More: Fast Company, NBC News, Times of India, Yahoo Finance, Dow Jones Newswires, Gizmodo, Wall Street Journal, CNN, Benzinga, and Reuters
| Euronews: |
Denmark's government has reached a political agreement to ban social media access for anyone under 15, with a possible parental consent exception from age 13 — The proposal would be one of the most sweeping steps yet by a European country to curb social media use among young people.
More: Associated Press, Engadget, The Economic Times, Newser, The Independent, Courthouse News Service, Reuters, WPXI-TV, Advanced Television, The European Conservative, and Daily Sabah
Forums: r/technology, r/europrivacy, r/europe, and Slashdot
| Osmond Chia / BBC: |
Texas Attorney General Ken Paxton sues Roblox, saying it's a “breeding ground for predators” that is “flagrantly ignoring” safety laws and “deceiving parents” — Texas Attorney General Ken Paxton says he has sued Roblox over “flagrantly ignoring” …
More: The Verge, New York Post, DocumentCloud, Mashable, Bloomberg Law, Forbes, GameSpot, IGN, Game Developer, Baller Alert, TechCrunch, Engadget, PC Gamer, WinBuzzer, Tech in Asia, Benzinga, Reuters, Townhall, NewsMax.com, KHOU-TV, The Post Millennial, and Ms. Magazine
X: @kenpaxtontx, @realschlep, @sarahiscensored, @realschlep, and @tpostmillennial. Bluesky: @quinnypig.com
Forums: r/pcgaming, r/Games, r/texas, r/technology, r/news, and Slashdot
| Alex Danco / a16z: |
Both Baumol effect and Jevons paradox may apply to the AI supercycle, as services with AI productivity gains get cheaper, while those without AI become costlier — The Baumol Effect and Jevons paradox are related — If you live in the United States today, and you accidentally knock a hole in your wall …
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| Google Research: |
Google introduces Nested Learning, a new ML approach for continual learning that views models as nested optimization problems to enhance long context processing — Ali Behrouz, Student Researcher, and Vahab Mirrokni, VP and Google Fellow, Google Research — We introduce Nested Learning …
More: Google Research. X: @kimmonismus, @behrouz_ali, @mark_k, @jeffdean, and @googleresearch
Forums: r/singularity and r/accelerate
| Allie Garfinkle / Fortune: |
Neobank Mercury says it has hit $650M in annualized revenue, up from $500M by end of 2024, and has been GAAP profitable on net income and EBITDA for three years — Mercury's Immad Akhund. — MERCURY — The fintech roller coaster—after a few years of barrel rolls and corkscrews …
X: @zachklein, @rywiggs, @nikmilanovic, @immad, @jessetinsley, @blader, @alexanderwill, @haridigresses, @judegomila, @rahulvohra, @johnrushx, @immad, and @gokulr
LinkedIn: Nic Corpora, Celeste Carswell, Sean Diep, and Carly Lippman
| Inti Landauro / Reuters: |
France's Finance Ministry halts the suspension proceedings of Shein that was initiated on November 5 after Shein withdrew illicit products from its platform — The French Finance Ministry on Friday halted the suspension proceedings of Chinese online retailer Shein initiated two days ago …
More: Politico
Sponsor Posts
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Newest
Reuters:
In DeepSeek's first public appearance since R1's success, a senior researcher told a state-run conference he was pessimistic about AI's impact on humanityFind
50 minutes ago
Bloomberg:
CoinGecko: crypto market cap falls to $3.5T from October's $4.4T peak, on track to erase its 2025 gains; crypto ETFs had $700M of net outflow over the past weekFind
55 minutes ago
Krystal Hu / Reuters:
Vast Data, which develops data storage tools, inks a $1.17B AI deal with CoreWeave; Vast Data, valued at $9.1B in 2023, said it reached $200M ARR by Jan. 2025Find
65 minutes ago
Financial Times:
Nasdaq had its worst 5-day run since April, falling 3% for the week as the combined market value of eight most valuable AI-related stocks fell by about $800BFind
1½ hours ago
Bloomberg:
A US judge declares a mistrial after a jury couldn't reach a verdict on two brothers charged in 2024 for allegedly stealing $25M in crypto from Ethereum tradersFind
3½ hours ago
Google Research:
Google introduces Nested Learning, a new ML approach for continual learning that views models as nested optimization problems to enhance long context processingFind
5½ hours ago
AnnaMaria Andriotis / Wall Street Journal:
Sources: Samsung is in talks with Barclays to launch a consumer credit card in the US; it's also exploring a high-yield savings account, BNPL product, and moreFind
7 hours ago
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New York Times:Dade Hayes / Deadline:
Brier Dudley / Local News Initiative:
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| Bailey Lipschultz / Bloomberg: |
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| Lydia Beyoud / Bloomberg: |
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| Jason Schreier / Bloomberg: |
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