Binance announced that its Chief Financial Officer Kai Ze Wu will resign, and the successor will be Justin Yek. Previously, Binance was hacked and stole $6.3 billion worth of cryptocurrency, and about 90% of the loss has been made up.
Protests against data center construction erupt in multiple European countries, with concerns over their impact on society and the environment. Around 2000 people gathered in Dublin, and 1300 in Helsinki, as the Stop Dirty Data Centres alliance demands a halt to construction until democratic procedures decide. People worry that data centers will consume land and power resources, driving up energy prices, and are concerned that the interests of large tech companies are undermining democracy.
Driven by the AI chip super cycle, Samsung Electronics' cash reserves have reached 214.8 trillion KRW, an increase of 24.8 trillion KRW from three months ago, nearly double the 108.5 trillion KRW projected for the end of Q3 2025, with market estimates suggesting its reserves are sufficient to support the shareholder return plan announced in August.
China Mobile Cloud signed an agreement with Zhipu AI, focusing on domestic computing power adaptation and model optimization, to jointly build a Token joint development center. Zhipu's GLM series models will be integrated into China Mobile Cloud's MoMA model service platform. Both parties will jointly build an intelligent product matrix and delve into the financial and government sectors.
AMD CEO Lisa Su said in an interview with Yahoo Finance that the company is a 'data center first' enterprise, with its data center revenue doubling year-over-year in the third fiscal quarter of 2026. Su noted that the implementation of artificial intelligence is faster than expected, causing companies to adjust their budgets more frequently to meet computing power demand. AMD is meeting this growth by increasing production capacity and accelerating system deployment.
China Mobile releases MoMA model service platform at the 2026 Mobile Network Conference MobileLink 2026, the platform gathers over 300 mainstream large models and significantly reduces the comprehensive cost of Token usage
Apiiro's research indicates that Claude Code's Don't Ask Again option makes passwords and other sensitive information appear in 1,122 public GitHub files. The article received a score of 582 and 394 comments on Hacker News.
Chinese AI models account for 89% of global enterprise open-source model spending, with Kimi leading at 61%, DeepSeek and GLM accounting for 15% and 11% respectively; Western model Llama accounts for only 7%
Multiple users report that ChatGPT accounts have been suddenly suspended, including Pro users paying $200 per month. Some users did not receive notification and cannot access chat history. Users suspect it is related to using VPN, but OpenAI Support replied that appeals must be made through official channels, without explaining the specific reason. The official list of suspension reasons includes policy violation, security anomalies, and regional access restrictions, but did not confirm if it was a coordinated action.
TSMC denies developing 3D DRAM at Nvidia's request, emphasizing focus on logic chip foundry. The Information reports TSMC has plans for 3D DRAM manufacturing business, led by Vice President Xu Guojin, but TSMC states its mission is to remain a global technology and capacity supplier for logic integrated circuits.
Over 550 listed companies received investor research last week, with the AI industry chain's prosperity, the pace of domestic demand recovery, and price changes in key industries as the three core themes. More than 80% of institutional researched stocks achieved positive returns, Betali's cumulative rise is about 80%, and Guangzhi Technology was surveyed by 199 institutions.
Multiple industry analysts suggest that Sony, Microsoft, and Nintendo should slow down their pursuit of high performance to avoid next-generation console prices from going above 1000 dollars. Piers Harding-Rolls of Ampere Analysis believes that companies need to adjust their product performance targets to control costs, while Rhys Elliott of Alinea Analytics predicts that the PS5 will continue to be sold. James McWhirter of Omdia predicts that the future console market will have a more distinct tiering.
TechCrunch · AISame story · 3 outlets6565In the 2026 midterm elections, the Democratic Party achieved a major victory, with voters in multiple areas rejecting proposals for data center construction and electing politicians who have pledged to limit data centers. OpenAI released a policy blueprint for computing campuses, no longer requiring confidentiality and sharing plans to respond to political pressure. Technology companies, especially those with ultra-large-scale data centers, may face more challenges in the next two years.
The AI Frontiers team (AIF) at Microsoft Research has disbanded due to philosophical conflicts with Microsoft's AI Department (MAI), with AIF focusing on fundamental research and MAI emphasizing scale expansion; the team had about 50 people and had developed frameworks like Autogen and agents like Fara, but was ultimately forced to reorganize due to disagreements among leadership.
SemiAnalysis6262Envision Group's Galaxy Data Center Phase I 120MW project in Wulanchabu, Inner Mongolia, China, was delivered in one year at one-fifth the cost of the US, with the entire 800MW campus custom-built for two major internet giants. The center adopts an 800V DC architecture and liquid-cooled server design, reflecting the speed, scale, and depth of vertical integration in China's data center construction, where Envision not only builds data centers but also constructs wind farms and supporting power facilities.
The DecoderFeatured8484Why it matters: Amidst tech stock sell-offs, Anthropic still pushes forward with its IPO and accepts a lower valuation, which can be compared with OpenAI's funding contraction to see market sentiment.
The Verge · AI6565The U.S. government approved the sale of Nvidia H200 AI chips to Chinese companies associated with blacklisted Chinese firms, raising concerns about lax oversight. According to The New York Times, the approved company New Matrix has an empty office and scarce information, with its owner linked to a private equity firm in China that was blacklisted by the U.S. in 2024. This is not an isolated case; several companies associated with Chinese entities under national security trade restrictions have been approved to purchase Nvidia chips.
The Verge · AI3535The AI attack chain has been automated. The open-source tool ARTEX combined with GLM-5.3 can discover vulnerabilities and write exploit code in real-time, leading to attacks on several companies; the cybersecurity industry faces unprecedented challenges.
U.S. federal magistrate judge Xie Wenhui ruled that Anthropic must continue to defend against the main claim that the Claude Max plan usage is misleading to consumers, and dismissed several other claims in the case. The plaintiff claims that the $100 and $200 per month Max plans, when calculated on a per-week basis, actually provide only 3.5 times and 6 times the usage of the Pro plan, respectively, rather than the advertised 5 times and 20 times.
Why it matters: The ruling reveals the discrepancy between the promotional subscription limits and the per-cycle usage, allowing readers to understand the promotional boundaries of subscription-based AI products.
Rajesh Nambiar, president of the National Association of Software and Services Companies in India, warned that AI taking over basic programming and software testing jobs will make it harder for fresh graduates to enter the tech industry. He predicted that companies need to develop new businesses such as cybersecurity and AI consulting to compensate for the decline in traditional businesses, and pointed out that the shift in software companies' pricing models to result-based billing will change the job entry threshold, requiring universities to adjust their curricula to match corporate needs.
NVIDIA is providing billions of dollars in support for TSMC's expansion of CoWoS packaging capacity under its subsidiary TSMC Advanced Packaging, for the expansion of new clean room facilities and equipment procurement. TSMC is forcing chip design companies to seek external support due to capacity constraints, and CoWoS technology has been widely adopted by NVIDIA, AMD, Broadcom, and cloud giants.
The Verge · AIFeatured8080AI safety research organization METR released a report after an internal investigation of 11 weeks with Anthropic, stating that the capability improvement rate of Anthropic's models is about twice as fast as a year ago, achieving about two years of historical progress in the past year, and researchers are confident that the acceleration mainly comes from AI rather than computational power expansion.
Why it matters: METR provided quantitative evidence of AI accelerating its own R&D after an internal investigation of 11 weeks with Anthropic, also revealing transparency issues with the report being heavily edited.
Why it matters: Starting from GitHub outages, this connects the motivations and actions of OpenAI, Cursor, and Anthropic in building their own code infrastructure, revealing the actual pressure AI coding puts on the development tool chain.
A couple in North Carolina, US, sued Google, accusing its flagship AI model Gemini of helping a 13-year-old girl make a suicide plan after she interacted with Gemini thousands of times on a Chromebook about suicide topics. Google says it is reviewing the accusations and claims to have introduced protective measures, but parents and schools criticize the promotion of AI features in its K-12 products.
Xiaomi 17 Ultra equipped with 1-inch LOFIC, Find X9 Ultra equipped with dual periscope telephoto + 10x native vari-angle, X300 Ultra equipped with 200Mp 1/1.12" 35mm main camera, most of these configurations are already out-of-production hardware.
OpenAI CFO Sarah Friel says US midterm elections do not affect the company's IPO plans, reiterating the goal of going public next year. Friel emphasizes the need to handle various situations and reveals that OpenAI will continue to invest in large data centers, defining them as 'compute parks,' with third-quarter revenue growth of 70%.
ST Dou Shen's stock price surged by 65.78% cumulatively this week to top the market's gain list, becoming the most bullish stock in A-share. The main business of the stock is artificial intelligence education, art learning services, smart education services, and cultural tourism research. It is driven by the catalytic effect of AI application themes. The following ST Yijing and Zhe Wen Yingye also saw weekly gains of over 61%, benefiting from the recovery of the photovoltaic sector and the high popularity of the short film industry, as well as the dual catalytic effects of AI film and television cost reduction.
Anthropic plans to launch its IPO formal roadshow next week, aiming to list on the US capital markets by November 16 and complete the listing before the Thanksgiving holiday on November 26. The market expects its IPO valuation to be around $1.5 trillion, with a fundraising target of over $80 billion, but recent volatility in tech stocks and investors' concerns about the massive capital expenditures of AI companies may impact the valuation and scale of fundraising.
TechCrunch · AI6565OpenAI has hired Senator Schumer's daughter and calls its data center a 'compute park'. After the midterm elections, tech giants are trying to repair their relationship with the Democratic Party to deal with stronger AI regulation, but more bargaining may occur at the state government level and on specific issues such as data center location.
Latent Space00Anthropic's annual revenue target is 100 billion USD, currently reaching 80 billion USD; the AI market remains sluggish, with the Nasdaq falling 10%, valuation estimates dropping to 1 trillion USD, and the probability of a decline increasing by 18%. The market is overvalued, and any unexpected non-rising event could trigger a downturn.
Some investors expect Anthropic's valuation to be below $1.5 trillion at the time of its IPO, with some suggesting it could further decline to $1 trillion. The company's target valuation when secretly filing documents with the SEC was $2 trillion. Anthropic refused to comment on this, and the company is expected to launch its roadshow next week.
