The US DOJ detains two men for allegedly violating export controls by trying to smuggle $160M+ of Nvidia H100 and H200 chips to China; a third man pleads guilty
DOJ says H100 and H200 shipments were relabelled with a fictional brand to dodge export controls Institute for Progress : Should the US Sell Hopper Chips to China? Jasper Ward / Reuters : US Justice D...
Bill Peebles, head of Sora at OpenAI, says the app hit 1M downloads less than five days after its launch on September 30, which is even faster than ChatGPT did
and ringing alarm bells Jason Aten / Inc : Mark Cuban Just Invited Everyone to Deepfake Him on Sora and It's Really Quite Brilliant Chris McKay / Maginative : OpenAI's New Video App Tops 1M Downloads—...
Intel announces top executive changes, including the departure of Intel Products CEO Michelle Johnston Holthaus, and establishes a new central engineering group
company also establishes new custom chip design unit Prasanth Aby Thomas / Computerworld : Intel announces leadership overhaul, underscoring long road to recovery Jacob Fox / PC Gamer : Intel reshuffl...
Palantir reports Q2 revenue up 48% YoY to $1B, vs. $940M est., and boosts full-year outlook guidance to $4.142B-$4.150B, up from $3.89B-$3.90B; PLTR jumps 5%+
where the economy ‘weakens in a self-reinforcing fashion’ Larry Dignan / Constellation Research : Palantir's software revolution: Forget sales people, let value do the talking Loredana Harsana / Watch...
Source: SoftBank will invest an initial $7.5B in OpenAI's $40B round, plus $22.5B by 2025's end; other backers include Microsoft, Coatue, Altimeter, and Thrive
Reportedly With a Few Strings Attached Markus Kasanmascheff / WinBuzzer : OpenAI Hits $300 Billion Valuation with SoftBank-Led Tender Deal Robert Lavine / Global Corporate Venturing : SoftBank leads O...
Alphabet expects 2025 capex of ~$75B, vs. ~$58B est., and reports Google Cloud Q4 revenue up 30% YoY to $11.96B, vs. $12.16B est.; GOOG drops 7%+
but investors aren't impressed Neil Rozenbaum / The Motley Fool : Google Earnings: What Went Wrong and Why I'm Buying More Georgia Butler / DatacenterDynamics : Google expects 2025 capex to surge to $...
SoftBank commits $3B annually for itself and its subsidiaries to use OpenAI's tech, and launches SB OpenAI Japan to market OpenAI's enterprise tech in Japan
Welcome to Cautious Optimism, a newsletter on tech, business, and power. SoftBank Group Corp. : OpenAI and SoftBank Group Partner to Develop and Market Advanced Enterprise AI The Asahi Shimbun : SoftB...
SoftBank's telecom unit plans to build an AI supercomputer in Japan using Nvidia's DGX B200 platform, and a follow-up effort featuring the Grace Blackwell chip
Nvidia CEO regrets not taking the loan Brian Caulfield / NVIDIA : ‘Every Industry, Every Company, Every Country Must Produce a New Industrial Revolution,’ Says NVIDIA CEO Jensen Huang at AI Summit Jap...
Airbnb reports Q3 revenue up 10% YoY to $3.73B, vs. $3.72B est., net income down 68% YoY, and Nights and Experiences Booked up 8% YoY to 122.8M, vs. 121.4M est.
with these caveats Ian Lyall / Proactive : Airbnb stock falls after hours after Q3 print fails to excite Alex Bitter / Business Insider : The 4 most interesting things from Airbnb's earnings Dennis Sc...
TikTok is laying off hundreds of employees globally, including less than 500 in Malaysia, as it shifts focus towards a greater use of AI in content moderation
to Replace Them With AI Katie Scott / Tech.co : AI Moderation Leads to Layoffs at TikTok Sarah Kearns / Hypebeast : TikTok Cuts Hundreds of Jobs in Move Towards AI Content Moderation Sebastian Pier / ...