Sources: OpenAI has secured ~$11B in commitments for its latest funding round, less than half its initial $30B target, and expects to raise more in coming weeks  —  The ChatGPT maker's latest funding round values it at $1.25 trillion, less than its $1.4 trillion target

TRM Labs attributes the Binance hack to North Korea-based TraderTraitor, which drained ~$6.36B from Binance wallets across 10 blockchains, mostly in ~20 minutes  —  North Korean hackers were behind a $6.3 billion raid on cryptocurrency exchange Binance, according to US blockchain analysis firm TRM Labs.

John Ternus says Apple doesn't “want to ship AI for AI's sake” and that Tim Cook is “available to help wherever I ask” on policy; Ternus has yet to meet Trump  —  Apple doesn't need fixing, and it doesn't want drama.  Its new leader is a “product guy” who bleeds six colors.

Alphabet, Meta, Microsoft, Amazon, and Oracle have a collective $3T+ in AI spending commitments over the coming years, including Alphabet's $1T and Meta's $800B  —  The five largest players in the data center race have committed more than $3 trillion in spending over the coming years …

S&P downgraded Meta's outlook from stable to negative, citing high capex and negative free cash flow; META fell 15% in October, its worst month in four years  —  Meta's outlook has been revised downward by S&P Global Ratings on concerns surrounding cash flow and AI spending.

Anthropic says a malicious actor used access to Cursor's marketplace to publish a “tampered” copy of the Claude Code extension, which it didn't build or publish  —  We're working with Cursor on this incident, but it wasn't a compromise of Anthropic's systems or employee laptops. A malicious actor used access to Cursor's marketplace to publish a tampered copy of the Claude Code extension, which we didn't build or publish. The versions on our official channels a...

Intel stock closed down 28.58% on Friday, its worst day since the 1970s and wiping ~$12B off US government's stake, after issuing weaker-than-expected guidance  —  Intel shares plummeted 29% on Friday, their worst day since the 1970s, after the chipmaker issued weaker-than-expected guidance due …

Sources: neoclouds CoreWeave, Nebius, and Nscale have effectively been shut out of the bond market in recent weeks as lenders and investors demand tougher terms  —  Lenders and investors are getting choosier about their bets and demanding stricter terms, as the AI build-out enters a new phase

Google says its Suncatcher prototype data center satellite is online after an October 1 launch, with Gemma 4 generating a haiku about being in space  —  Google Suncatcher's prototype space data center is online and communicating with the ground after launching earlier this month alongside …

OpenAI, Google, Microsoft, and Anthropic say they will adopt a new standard that publishers can use to opt out of being scraped by AI across multiple crawlers  —  The new control will allow publishers to apply their AI training preferences across multiple crawlers.

As AI models commoditize, lasting wealth will accrue to those controlling chokepoints like distribution, payment rails, and a stablecoin dollar, not to the labs  —  Scarce, controllable positions of Economic Power whose holders durably capture the gains of Increasingly Capable and diffused intelligence.

A look at growing bipartisan opposition to AI data centers in drought-stricken Arizona, where TSMC's chip fabs were welcomed but newer projects face backlash  —  Industry has drained the state's water reserves for decades.  Data centers are the breaking point.  —  AA hulking gray giant rises from the desert.

When talking about local inference, Sam Altman says supply-constrained DRAM is better used in data centers than sitting in PCs and “being used 5% of the time”  —  With data centers full of RAM, your PC is apparently the problem. … OpenAI CEO Sam Altman has data centers full of memory …