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Shares of Japanese optical fiber maker Fujikura are up ~171% YTD, outpacing the Nikkei's 22% and lifting its market cap to $33B+ amid the AI data center boom (Junko Fujita/Reuters)

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Sources: PayPal to take over Carlyle's stake in Shopware, a German provider of e-commerce tools to merchants, with PayPal's stake increasing to ~41% from ~11% (Bloomberg)

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Lindo St. Angel, VP of hardware at Amazon's Lab126 R&D unit since 2010, plans to leave on October 31; he helped develop the Echo, Astro robot, and Fire tablet (Greg Bensinger/Reuters)

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Oreo maker Mondelez has spent $40M+ on an AI tool, developed with Publicis and Accenture, to cut costs for the production of marketing content by 30% to 50% (Jessica DiNapoli/Reuters)

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Sources: X's advertising chief John Nitti, who joined in January, has left; X's CFO Mahmoud Reza Banki left in early October after less than a year in the role (Hannah Murphy/Financial Times)

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Sources detail how Sam Altman, Jensen Huang, Marc Benioff, and others brokered a call between SF Mayor Daniel Lurie and Trump to stop National Guard deployment (Wall Street Journal)

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Microsoft plans to bring its Halo franchise to the PlayStation for the first time with the launch of a 25th‑anniversary remake of Halo: Combat Evolved in 2026 (Zachary Small/New York Times)

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Grindr board members Ray Zage and James Lu, part of an investor group that owns more than 60%, offer to take Grindr private for ~$3.46B; GRND closes up 18.63% (Reuters)

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Source: President Trump has picked Michael Selig, the chief counsel for the SEC's crypto task force, to chair the CFTC, amid a crypto push (Bloomberg Law)

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With an influx of Meta alums, some OpenAI staffers worry it is adopting Meta's tactics, like using social media dynamics with Sora and a softening stance on ads (The Information)

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Interviews with 23 current and ex-AWS employees and others about AWS' challenges, including intense competition, internal bureaucracy, and lackluster AI efforts (Matt Day/Bloomberg)

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Netflix shuts down Boss Fight Entertainment, the game studio behind mobile game Squid Game: Unleashed, after acquiring it in March 2022 (Jay Peters/The Verge)

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Crypto.com follows Circle, BitGo, and others in applying for a US bank charter, as it seeks to further its custody-service business for products such as ETFs (Emily Mason/Bloomberg)

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Tether CEO Paolo Ardoino says the company expects to earn close to $15B in profit in 2025, up from around $13B in 2024 (Bloomberg)

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Automattic files counterclaims against WP Engine's October 2024 lawsuit and alleges that WP Engine has been abusing the WordPress trademark (Sarah Perez/TechCrunch)

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New York-based Valthos, which is developing AI tools to detect and prevent AI-enabled bioweapon attacks, raised $30M from OpenAI, Founders Fund, and Lux Capital (Lizette Chapman/Bloomberg)

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OpenAI launches a "company knowledge" ChatGPT update to let Business, Enterprise, and Education users search for data in connected apps like Slack and GitHub (Jess Weatherbed/The Verge)

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Sources: banks are preparing to launch a $38B debt sale to fund Oracle data centers, including $23.25B for a Texas data center and $14.75B for a Wisconsin site (Jeannine Amodeo/Bloomberg)

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HP plans to build millions of computers in Saudi Arabia by 2030, primarily for export to MENA, as part of the kingdom's plans to boost manufacturing and exports (Matthew Martin/Semafor)

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UK prosecutors say the ringleader of a 2024 arson attack on Ukraine-linked businesses in London discussed kidnapping Revolut's Russia-born CEO Nikolay Storonsky (Michael Holden/Reuters)

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IBM says it was able to run a key algorithm for correcting qubit errors, which runs alongside quantum chips, on readily available AMD chips; AMD closes up 7.63% (Stephen Nellis/Reuters)

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Sources: JPMorgan plans to allow institutional clients globally to use their holdings of bitcoin and ether as collateral for loans by end of year (Emily Nicolle/Bloomberg)

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The EU accuses Meta and TikTok of violating their obligations to give researchers adequate access to public data on their platforms under the DSA (Eliza Gkritsi/Politico)

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EU accuses Meta under DSA of failing to give users easy ways to flag illegal content and adequate tools to appeal moderation decisions, in preliminary findings (Kim Mackrael/Wall Street Journal)

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Pricempire: after Valve updated the exchange rate of Counter-Strike digital items, the market fell by $1.75B, or 25%, on October 23; in 2024, a gun sold for $1M (Cecilia D'Anastasio/Bloomberg)

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A US judge says Meta lawyers told staff to block or remove parts of internal teen mental health research to limit liability; Meta says no findings were removed (Isaiah Poritz/Bloomberg Law)

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Apple may turn off App Tracking Transparency in Europe due to "intense lobbying efforts" in Germany and other countries over alleged anticompetitive conduct (Marcus Mendes/9to5Mac)

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Sources: Snap is in talks with investors, including Saudi Arabia's Public Investment Fund, to raise at least $1B for its AR glasses division (Alex Heath/Sources)

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US Energy Secretary Chris Wright urges FERC to limit the process for connecting data centers to power grids to 60 days, a process that typically takes years (Bloomberg)

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Trump's pardon of CZ is a gift to the crypto industry, which has spent heavily to ease regulations and rewrite history to remove associations with criminality (Max Chafkin/Bloomberg)

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Mustafa Suleyman says Microsoft won't provide erotica AI services and that "other companies will build that", after Sam Altman said ChatGPT would offer erotica (Salvador Rodriguez/CNBC)

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EA and Stability AI announce a partnership to build game developer tools, including "smarter paintbrushes" to quickly generate high-quality 2D textures (Jennifer Maas/Variety)

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Filing: Applied Materials plans to cut ~4% of its global workforce and expects the layoffs to cost $160M to $180M; it had 36,100 employees as of the end of July (Nick Turner/Bloomberg)

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Amazon blames a rare software bug and "faulty automation" for this week's massive AWS glitch, and says it has turned off the flawed automation worldwide (Todd Bishop/GeekWire)

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Filing: Strava voluntarily dismissed its patent lawsuit against Garmin, for allegedly infringing its heat map and segments features, just 21 days after filing (Ray Maker/DC Rainmaker)

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Anthropic and Google announce their cloud partnership worth tens of billions of dollars, giving Anthropic access to 1M TPUs and 1GW of capacity in 2026 (MacKenzie Sigalos/CNBC)

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Intel reports Q3 revenue up 3% YoY to $13.7B, vs. $13.2B est., and net income of $4.1B, vs. a net loss of $16.6B in Q3 2024; INTC jumps 7%+ after hours (Kif Leswing/CNBC)

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Trump says he canceled plans for a "surge" of National Guard to San Francisco after speaking to "great people like Jensen Huang, Marc Benioff, and others" (Kate Rogers/CNBC)

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Apple's Houston manufacturing facility, originally scheduled to open in 2026, is now shipping AI servers that power Apple Intelligence and Private Cloud Compute (Brooke Singman/Fox Business)

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Sources: Adobe held talks to acquire Synthesia, which makes AI tools that generate video avatars of people, for ~$3B; the startup was valued at $2.1B in January (Katie Roof/The Information)

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Source: SoftBank held talks about acquiring Agility Robotics for $900M+ before participating in Agility's funding round valuing the startup at $1.75B pre-money (Rocket Drew/The Information)

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Anthropic says Claude's memory feature, initially available for Team and Enterprise users, is rolling out to Pro and Max subscribers (Sabrina Ortiz/ZDNET)

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PUBG maker Krafton unveils an "AI First" strategy, investing ~$70M to build a GPU cluster to automate AI workflows and strengthen AI R&D and in-game AI services (Jay Peters/The Verge)

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Meta cuts roles in its Risk unit, citing a shift from manual reviews to a "consistent and automated process" that is delivering "reliable compliance outcomes" (Jyoti Mann/Business Insider)

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OpenAI acquires Software Applications Incorporated, which is building an AI-powered user interface for macOS and raised $6.5M from Sam Altman and others (Shirin Ghaffary/Bloomberg)

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Chainguard, which helps companies secure software supply chains, raised $280M, six months after a $356M Series D, bringing its total funding to $892M (Kurt Schlosser/GeekWire)

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VideoShops, an affiliate retail platform that lets creators start personalized storefronts with no minimum follower count, raised a $42M seed (Kayla Cobb/The Wrap)

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Microsoft unveils Mico, a character that responds with real-time expressions when talked to, now on by default in Copilot's voice mode in the US, UK, and Canada (Tom Warren/The Verge)

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Microsoft updates Copilot to add Copilot Groups, enabling up to 32 people to collaborate in a session, and a "real talk" mode to add more personality to Copilot (Tom Warren/The Verge)

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Data center startup Crusoe raised $1.4B led by Mubadala and Valor, more than tripling its valuation to $10B+ in one year and taking its total funding to $3.9B (Tabby Kinder/Financial Times)

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