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Sun Oct 19
Microsoft's disclosures on its OpenAI stake are scant, including putting OpenAI-related losses into a $4.7B "other, net" expense line in the FY ended June 30 (Jonathan Weil/Wall Street Journal)
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How Saudi Arabia is pouring money into data centers and working with US and Chinese tech giants, landing its AI ambitions in the middle of a geopolitical tussle (New York Times)
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Indonesia and other developing countries are becoming AI hubs amid the multitrillion-dollar spending boom, in part driven by an "AI decolonization" philosophy (Stu Woo/Wall Street Journal)
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The US DOJ's rigged-poker-game indictment involved hacking DeckMate, a casino-standard, suitcase-sized, $10K+ card shuffling machine, to reveal players' hands (Molly Schuetz/Bloomberg)
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Japanese fintech JPYC launches a yen-pegged stablecoin, the country's first, and its issuance platform JPYC EX, targeting $65.4B in circulation in three years (Timmy Shen/The Block)
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Real estate agents are using AI tools like AutoReel to replace videographers and stagers, cutting costs but generating distorted or misleading property images (Kat Tenbarge/Wired)
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Q&A with Bill Ready, who became Pinterest's CEO in 2022, about changes during his tenure, winning over Gen Z, Pinterest's business model, AI content, and more (Jordyn Holman/New York Times)
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An interview with Mauro Porcini, who became Samsung's first Chief Design Officer in April, about creating a "consistent experience" across devices, and more (Verity Burns/Wired)
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Papers, patents, and tenders show China's military is integrating DeepSeek and Qwen models in weapons like AI-powered drones, and continues to use Nvidia chips (Reuters)
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In Vietnam, 65 countries sign a UN cybercrime treaty to share data and extradite suspects, despite tech companies' and activists' privacy and security concerns (Lien Hoang/Nikkei Asia)
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A look at Cal State's plans to become an "AI-empowered" university via partnerships with Amazon and a $16.9M deal to provide ChatGPT Edu to students and staff (New York Times)
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Australia sues Microsoft for allegedly misleading ~2.7M Microsoft 365 users into accepting a price hike for Copilot plans while hiding cheaper non-AI options (Sneha Kumar/Reuters)
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How building robotic hands that match human dexterity remains a major technical obstacle to deploying humanoid robots in factories and for caregiving jobs (Wall Street Journal)
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Employees are increasingly using AI to create ultra-realistic fake expense receipts; AppZen and others attribute the rise to advances in image generation models (Cristina Criddle/Financial Times)
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Artemis: $10B+ was moved through stablecoins in August, up from $6B in February and more than double YoY, after President Trump signed the Genius Act on July 18 (Judy Lagrou/Bloomberg)
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US Treasury Secretary Scott Bessent says Trump and Xi will "consummate" a TikTok deal on October 30 in South Korea, confirming a final US-China deal on the sale (Anthony Ha/TechCrunch)
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Q&A with Zocdoc CEO Oliver Kharraz on the patient scheduling platform's telehealth expansion, its policy of not providing medical advice through AI, and more (Nilay Patel/The Verge)
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Inside OpenAI's deals with Nvidia, Oracle, and AMD, where sources say Sam Altman largely relied on his executive team, with little input from outside advisors (Financial Times)
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Swift releases a Swift SDK preview for Android, allowing developers to build Android apps in Swift and making it easier to share code across iOS and Android (Hartley Charlton/MacRumors)
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Sources: Sam Altman's brain-computer interface startup Merge Labs hires Mikhail Shapiro, who works on noninvasive techniques for neural imaging and control (Alex Heath/Sources)
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Sources: Apple is working on a vapor chamber for the next iPad Pro in 2027, and the company plans to start selling ads in its Maps app as early as 2026 (Mark Gurman/Bloomberg)
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Rumble plans to roll out a bitcoin tipping feature, developed in partnership with Tether, to its 51M creators in December; Tether has invested $775M in Rumble (Francisco Rodrigues/CoinDesk)
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French online carpooling marketplace BlaBlaCar says India now accounts for ~33% of its carpool passengers and expects to reach ~150M passengers globally in 2025 (Jagmeet Singh/TechCrunch)
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The US AI data center boom is consuming capital, power, and people that the rest of the economy needs, and is crowding out Trump's manufacturing revival plans (Bloomberg)
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Defakto, which lets enterprises secure automated interactions between internal systems and AI agents or other non-human actors, raised a $30.75M Series B (Chris Metinko/Axios)
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Microsoft says its Gaming Copilot feature, which recently hit Windows 11 as a public beta, uses screenshots to understand in-game events, not to train AI models (Jowi Morales/Tom's Hardware)
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Seneca, which is developing autonomous firefighting drones, raised $60M in seed and Series A rounds led by Caffeinated Capital and Convective Capital (Christopher Marquis/Forbes)
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Austin-based Roller, a provider of venue management software, raised $50M led by Insight Partners, taking its total funding to over $100M (Chris Metinko/Axios)
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Singapore-based wealth management platform Endowus raised $70M+, bringing its total funding to $130M+, and says the new capital will boost its AI advisory tools (Katrina Bianca Cuaresma/DealStreetAsia)
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Sources: AI chip startup SambaNova is exploring a sale after it struggled to complete a fundraising round; SambaNova was last valued at $5B in 2021 (Valida Pau/The Information)
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Kyrgyzstan launches a national stablecoin and a CBDC in partnership with Binance; CZ says a national cryptocurrency reserve includes Binance's BNB token (Aigerim Turgunbaeva/Reuters)
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Glasgow-based Chemify, which combines AI with robotics and chemistry to rapidly make novel molecules for pharmaceutical companies, raised a $50M+ Series B (Alex Scott/Chemical & Engineering News)
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Pave Bank, which lets businesses manage both fiat and digital assets in real time, raised a $39M Series A led by Accel, with Tether and others participating (RT Watson/The Block)
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A profile of Wikipedia co-founder Larry Sanger, who left in 2002 and whose claims that Wikipedia has a liberal bias are fueling the right's campaign against it (Will Oremus/Washington Post)
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Sources: OpenAI is developing AI tools to generate music from text and audio prompts, including capabilities such as adding guitar accompaniment to vocal tracks (The Information)
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Crypto infrastructure provider Fireblocks acquires Dynamic, which streamlines crypto wallet setup, authentication, and onboarding for 50M+ accounts, for ~$90M (CTech)
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A look at AI startups aiming to address loneliness among the elderly; a study predicts the AI market for aging and elderly care will grow to over $43B in 2025 (Forbes)
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How Changpeng Zhao's pardon frees him to refocus on reclaiming ground in the US market, where Binance.US only has a 0.75% share of bitcoin trading volume (Bloomberg)
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Xiaomi says surging memory chip prices have raised the cost of making smartphones, after pricing of its new Redmi K90 series disappointed Chinese consumers (Reuters)
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Grab is investing an undisclosed amount in May Mobility as part of a multiyear deal, which includes bringing robotaxis to Southeast Asia as soon as 2026 (Natalie Lung/Bloomberg)
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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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