Microsoft Exits Nscale’s 23,000-GPU Essex Lease
Only $2.6 billion of Nscale’s $103 billion in total contract value was active as of late August 2026. Microsoft then cancelled a 23,000-GPU Essex tenancy at a site that may wait until the 2030s for grid power.
PJM’s $6.3 Billion Bill for Projected Data-Center Load
More than 300 local moratoriums encompass roughly 20 GW of planned data-center capacity, but direct policies have delayed about 2.3 GW nationwide. PJM’s capacity auction is expected to add $6.3 billion to customer and business bills through 2029.
Anthropic commits 5% of its shares to the Anthropic Public Benefit Fund, for a total of ~20% with co-founder and staff pledges, plus 2% per 50% valuation rise
Today, we're committing a portion of Anthropic's shares to the Anthropic Public Benefit Fund, a new entity with a structure that increases the stake as the company grows.
Sources: HomeView units sat in warehouses for months; Apple plans a November 6 store reset, likely for new Macs; iPhone Duo preorder mess could boost the 18 Pro
Also: The company is planning Nov. 6 retail store reset, indicating potential Mac release date.
Sources: two industry execs expect 7-10 of hundreds of neoclouds to survive, as Nvidia supports them with easier credit terms, site finding, and $20B in leases
How many young AI cloud providers can the market, and Nvidia, support? — That's one of the big questions after a week …
Apple announces a “Pro and tell” event on October 28 at 10am PT in LA, where its first touchscreen MacBook, a 14-inch MacBook Pro with M6, and more are expected
Apple today announced its second experience of the month, taking place next Wednesday, October 28 at 10 a.m. PT. The tagline for this event is: “Pro and tell.”
Stand Insurance, which uses digital twins of homes to price wildfire risk and insures $10B+ of property, raised a $70M Series C at a $1B valuation led by Saga
Matt DiStefano shares his screen and rotates a gray 3D model of a California neighborhood. He zooms in on one house and overlays a heat map.
Analysis: 11K+ accounts on X, Bluesky, Discord, Telegram, and others made nearly 25K posts to unmask a Cornell sexual assault accuser, after she named seven men
After a former student named seven men in a lawsuit saying they had sexually assaulted her, a movement gained steam online to reveal her identity.
Sources: Nvidia asked Samsung, SK Hynix, and Micron to use TSMC's 3nm process to produce NVHBM memory base dies; Samsung agreed, its first use of TSMC for HBM
Samsung Electronics (005930.KS) will use TSMC's (2330.TW) 3-nanometre process to produce base dies for Nvidia's (NVDA.O) …
China's GDP grew 4.5% YoY in Q3, up from Q2's three-year-low growth rate of 4.3% but below Q1's 5%, as AI-driven exports helped offset weak domestic spending
China's economic growth picked up in the three months to the end of September, rebounding from a three-year low as the artificial intelligence (AI) boom helped boost exports.
Microsoft debuts new security tools in Microsoft 365 E7 and its Project Perception system that treat AI agents as potential insider threats via risk assessments
Microsoft is coming out with new security tools that treat AI agents as potential insider threats, continuously assessing their risk …
MiniMax launches M3.1 Flash, saying it delivers “a generational leap” in agentic tasks, coding, computer use, and cybersecurity, with weights due October 23
Space Bunny 🐰, which processed more than 200 trillion tokens while operating anonymously, was an early version of MiniMax M3.1 Flash.
RegLayer: 47+ large US data center projects were delayed, withdrawn, or blocked in 2026; Bernstein says ~35% of the planned US data center pipeline is credible
A vast bet on the future of the technology is running into the unforgiving economics of the physical world
Sam Altman's World debuts a World ID verification suite for banks, bundling tools for verifying human and agent identities, its first industry-specific offering
The identity project co-founded by OpenAI CEO Sam Altman named Bain Capital and VanEck Funds among its design partners but did not name …
Google DeepMind says four Gemini 4 Argon agents beat Minecraft without any human help in 27 hours and 14 minutes, costing $1,620 at Argon's planned 2027 price
The Google Deepmind team dropped the agents into a randomly generated world without assigning roles, strategies, or game-specific tools.
Sources: Anthropic is consulting law firms on deal negotiation tactics as it develops AI agents to negotiate on humans' behalf and interact with AI counterparts
Tech companies are being forced to confront the rules of negotiation when machines act on humans' behalf
Abby Care, which runs an AI-powered platform that trains and certifies family members as paid caregivers, raised an $82M Series C led by Transformation Capital
As a kid, Havi Nguyen sometimes missed school to translate at doctor's appointments, and was managing Medicaid paperwork for her family, who had recently immigrated from Vietnam.
An interview with Apple's new VP of the App Store, Carson Oliver, on Apple's gaming vision, Apple Arcade, providing tools for indie game developers, and more
Back when Apple Arcade launched in 2019, there was a resounding belief among gamers that the mobile gaming service wasn't long for this world.
Sources: DHS officials asked CISA to hack a voting machine to report vulnerabilities to the White House without telling the vendor; the request wasn't acted on
Reporting Highlights — An Unusual Request: Political appointees at the Department of Homeland Security wanted the agency …
Analysis: companies are set for a massive acceleration of 50GW+ in data center capacity additions in 2027; 24GW+ across 40 campuses are in the advanced stages
60GW Under Construction, SemiAnalysis Leading Indicators, 1.3T of Lease Contracts Signed YTD, The Shortage Could Move to Chips
Google says “magic state cultivation” works in practice on its Willow quantum processor, calling it a breakthrough that reduces errors by about 40x
A profile of Alona Katz, the chief of Brooklyn DA's Virtual Currency Unit, who recently led an operation that seized and disrupted 240+ crypto fraud websites
Crypto scams cost Americans more than $11 billion last year. A Brooklyn prosecutor found a way to hit the networks behind them.
DeepSeek releases V4.1-Flash-1017, an update it says offers “stronger benchmark performance, faster task completion, and shorter outputs” than its predecessor
Analysis: 795 accounts funded by ADI Predictstreet's own fee-collecting wallet drove 99% of the FIFA-partnered prediction market's activity since late August
ADI Predictstreet, backed by Abu Dhabi's royal family, paid close to $150 million for advertising rights during the World CupLinkedIn:Joshua GuptaLinkedIn:Joshua Gupta:Ashwin Vinod Kumar, Will Thompso...
Intel unveils its GPU D-series for data centers, featuring up to 480GB of LPDDR5X memory, an unusually large capacity to support demanding inference workloads
Intel GPU D-series uses laptop LPDDR5X with 480GB memory — Intel's GPU D-series sets a new GPU memory record with 480GB of LPDDR5X
Amazon launches TorchNeuron, an open-source framework that lets developers run PyTorch code on Amazon's Trainium chips with no rewriting needed, in public beta
A new software tool from Amazon aims to make switching from Nvidia to the company's own AI chips about as simple as changing a setting.
Town, which develops enterprise AI assistants, raised a $108M Series B at a $1B valuation, after announcing a $55M Series A in June
Town, a two-year-old, San Francisco-based startup developing AI assistants, nabbed a unicorn valuation on Monday, announcing a $108 million Series B funding round co-led …
Foxconn agrees to acquire a 50% stake in Mitsubishi's automotive components unit for ~$727M; Mitsubishi will provide autonomous tech for Foxconn's EV platforms
Hon Hai Precision Industry Co. is paying ¥115 billion ($727 million) for a 50% stake in Mitsubishi Electric Corp.'s automotive-components unit …
Sources: US investigators pursuing ShinyHunters, which stole FBI data, identified executives at two ransomware negotiation firms who had unusually close ties
U.S. federal investigators pursuing the ShinyHunters hacking group that recently stole highly sensitive data from the FBI …
Tel Aviv-based doubleAI releases a code execution model for improving GPU and CPU performance; doubleAI raised $220M, using ~50% to buy 1,000 Nvidia B300 chips
DoubleAI, a startup based in Tel Aviv, is set to debut what it calls a new category of artificial intelligence that can help companies lower their computing costs.
Q&A with Nvidia's Vera team on agentic AI driving CPU demands and forcing CPU design back to prioritizing single-threaded performance over core counts, and more
NVIDIA's Vera CPU heralds a redefinition of computing architecture from a traditional, task-isolated paradigm to an orchestrated …
Allium: stablecoin payments rose 45% YoY to $482B YTD through September 30, with transactions up 71% to 1.04B, while circulating supply grew just 0.4% to ~$305B
Stablecoin supply has barely budged this year, but the digital dollars already in circulation are doing more work in payments …
GTCR and Elliott agree to acquire and take private CCC, a Nasdaq-listed car insurance software provider, for $4.6B; the deal values CCC at $6.1B including debt
Holyvolt, which develops AI tools for making and testing new battery materials, raised $45M from Zone II, CC.VC, and others, a source says at a $245M valuation
Deutsche Telekom, Orange, Telefónica, and Vodafone agree to explore a joint bid to offer “direct-to-device” satellite service in Europe, challenging Starlink
Deutsche Telekom, Orange, Telefónica and Vodafone to explore joint bid for spectrum to provide mobile satellite coverage
Researcher: a Chinese-speaking hacker used AI agents to target 1,200+ websites and breach 100+ entities, like Deere and SharkNinja, spending ~$5,000 in tokens
Over the past couple of weeks, a cybersecurity researcher watched as a Chinese-speaking hacker broke into websites belonging …
Filing: Disney agreed to hire 60+ staff from Character.AI and pay them ~$180M over three years, plus $30M for retention awards; a bankruptcy judge must approve
How the data center industry courts kids amid a backlash: 11+ firms and groups hosting field trips since 2025, flag kits and cards for first graders, and more
Amid a wave of backlash, some industry-friendly groups are employing creative and time-tested strategies to woo the youth.
AI's ability to forecast extreme weather faces a major test in the coming months amid 2026's historic El Niño, as some scientists question the tech's accuracy
The technology is being used to anticipate everything from forest fires to futures contracts. Some fear that's a mistake
Dream Labs, which offers an API for its Dream-1 robot foundation model trained on human videos, raised a $90M seed led by B Capital and Kindred Ventures
This voice experience is generated by AI. Learn more. … Want to make your dumb robot smart? $3 an hour is all it costs.
An interview with Microsoft CEO Satya Nadella on the Nvidia RTX Spark-powered Surface Laptop Ultra, plans to make Windows a safer OS to run AI agents, and more
Source: Anthropic is preparing a model with better intuition and reasoning that can discern underlying intentions and is better at thinking outside of the box
In the last month, OpenAI, Anthropic and Google have released more than a dozen new models. If you thought that pace was crazy …
AI chip startup Tenstorrent raised a $1.5B Series E led by Trace Capital and Innovation X at a $6.2B valuation, up from $2.6B after raising $700M in 2024
AI chip startup Tenstorrent Inc., after attracting takeover interest earlier this year, has raised $1.5 billion from investors …
Meta details Prometheus, its gigawatt-scale supercluster in Ohio, which will have ~1M GPUs at full scale and was used to train its Muse foundational models
- With the recent release of the Muse family of foundational models, we want to take you inside the infrastructure that has made it all possible.
CyberSN: US cybersecurity job postings fell 26.4% YoY to a four-year low of 235,786 roles from January to September; AI security engineer demand soared 268.3%
CyberSN's Cybersecurity Jobs Report provides visibility into the US cybersecurity job market. It's a mixed bag.
Cloudflare debuts Clairic, a System One-class extraction model it says processes unstructured data faster, more cheaply, and more accurately than normal LLMs
Today, we're announcing a preview of a new class of System One-style models: extraction models.
Microsoft cancels its deal to be the anchor tenant and rent 23K Nvidia AI chips at Nscale's Essex, UK, data center, which may not get grid power until the 2030s
US tech giant pulls the plug on Nscale deal in threat to multibillion-dollar listing — Microsoft has pulled …
Survey of 94 economists: 54% expect AI's gains to spread across the G20 over the next decade, not just the US and China; 32 see African countries falling behind
Poll of 94 economists points to benefits reaching far beyond the US and China — AI is set to boost growth …
Stripe Link data shows agentic transactions increased by 38x and volume of payments by 20x in September, with retail leading in both, and a ~$100 average spend
Every time a new AI assistant tool launches, seemingly every week, it announces it's handling checkout and payments through Stripe's tool, Link.
Character.AI's Chapter 11 court filings indicate a two-part deal with Disney to transfer talent and tech, shielding Disney from Character.AI's legal liabilities
The US DHS orders all federal civilian agencies to remove DeepSeek's tech from their IT systems and prohibits future procurement of its products and services
The Department of Homeland Security has ordered federal civilian agencies to remove artificial-intelligence technology developed …
Europe's three biggest industrial companies are cashing in on the AI boom, as Schneider and Siemens expand further into software, while ABB focuses on equipment
Schneider Electric and Siemens move further into software as rival ABB bets on physical equipment
Sources: Eric Schmidt, who owns ~1% of Anthropic after investing tens of millions in its Series A, is poised to have one of the largest windfalls from its IPO
Former Google Chief Executive Officer Eric Schmidt owns around 1% of Anthropic PBC thanks to his early investment in the startup …
Tolan, an AI assistant focused on users that are not tech-savvy, raised $30M from USV, Khosla Ventures, and Homebrew, and says 70% of its users are women
Far from Silicon Valley's echo chamber, about 250,000 everyday people turn to AI app Tolan as a friendly voice, or to help organize their lives and families.
Survey: the chatbot gender adoption gap among US adults has closed since 2024, though men are more likely to use them daily; ChatGPT has identical usage rates
Note: This analysis is an excerpt from a broader June 2026 study about Americans and artificial intelligence. — About this research
Vinted sees an influx of listings suspected of containing stolen goods following widespread French riots, which hit Sephora, Louis Vuitton, Burberry, and others
Filing: US prosecutors say OpenAI suspect Abdulrahman Alfozan maintained frequent WhatsApp contact in 2025 and 2026 with an unnamed Saudi Royal Family member
Sources: Nscale is in talks for a second deal with Anthropic worth ~$45B to deliver 460MW of computing power at its West Virginia campus using Vera Rubin chips
Nscale Ltd., the AI cloud computing firm, is in talks to sell computing power to Anthropic PBC in a deal that could be worth about $45 billion …
Developers and vibe coders are using AI tools like Claude Code to get rid of sponsored ads on their smart TVs, disable tracking features, and more
Prism Data, which provides credit-scoring data and analytics that help lenders assess borrowers, raised a $20M Series A led by Story Ventures
Prism Data, which helps lenders assess credit risk using bank transaction data, raised $20 million in Series A funding, CEO Jason Rosen tells Axios Pro exclusively.
How Democrats, who polls predict will flip at least one chamber of Congress in the midterm elections, are preparing to aggressively scrutinize the AI industry
Ramp says it applied to the US OCC for a trust bank charter that, if approved, would allow it to offer fiduciary investment management and digital asset custody
Financial technology firm Ramp said it applied with the Office of the Comptroller of the Currency for a trust bank charter …
AI debt worries mount as CoreWeave's bond yield tops 15%, insuring SoftBank debt gets pricier, and some Oracle debt trades near 80 to 90 cents on the dollar
https://www.nytimes.com/...
Sources: Nscale faces investor pushback over its ~$30B IPO valuation, with some urging a lower $16B-to-$19B valuation, as Microsoft exits a UK data center deal
Nscale Ltd. is facing opposition to the valuation target it's pursuing in its initial public offering, according to people familiar …
Elon Musk says “I will give one of my SpaceX shares to every kid in America” in 2027, a gift worth ~$10.5B, after Anthropic committed 5% of its shares to APBF
Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Sources: DeepSeek and Huawei are collaborating on future AI chip designs; DeepSeek plans to start using Ascend 950DT for pre-training as soon as 2026's end
DeepSeek is working closely with Huawei Technologies to shape the design of future AI chips, two people familiar with the matter said …
SCOTUS rejects an appeal by BMG, Sony Music, UMG, and Warner Music, upholding a decision that copyright termination rights apply globally, not just in the US
The US Supreme Court rejected on Monday a challenge by a group of music labels to a judicial decision that said a law allowing creators …See also Mediagazer
The US FTC clears Publicis' $2.2B LiveRamp acquisition, subject to a consent decree requiring equal access to LiveRamp's data connectivity tools for all clients
AI infrastructure startup Modal says it plans to start using Nvidia's Vera CPUs for the first time for hosting agents, alongside its current Intel and AMD chips
Nvidia … These are the main chips used to run AI workloads, and as a result, Nvidia continues to see surging growth.Jared Blikre /Yahoo Finance:Micron, Intel lead chip recovery, adding nearly $250B as...
A look at Anthropic's opaque, five-member Long-Term Benefit Trust, where members own no Anthropic equity but hold enormous sway by appointing most of its board
AI company has shared few details on the dynamics of the five-person trust empowered to shape its board and block major moves