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NewsFeeds: AI
AI industry news: new models, chips, labs, funding rounds and rules, and where AI meets crypto, rewritten by AI in our own words, credited and linked.
AI rewriteEvery flash here is rewritten by AI from an outlet’s flash or a public Telegram channel, and goes live without an editor reading it first. The outlet is named and linked on each one; AI also sets its topic and tone (Bullish, Bearish or Neutral: an AI reading of the flash, not investment advice), and when two outlets report the same news, you see it once.Where AI is used
Breaking news and our own Originals on your phone or desktop, the moment they are out. A few alerts a day at most.
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Mon 2 Nov
Lumentum briefly gains 4.2% as pre-market trading resumes before turning lower
Binance market data showed Lumentum (LITE.O) briefly up 4.2% after pre-market trading resumed, before its shares turned negative. Marvell Technology (MRVL.O) is set to acquire Lumentum in a $115bn all-stock deal aimed at the AI data centre sector.
Coinbase flags risks of AI agent trading and user responsibility
Coinbase says AI agents can malfunction and that users must direct all AI activity and bear full responsibility for agent trades and third-party data. It says the service is for eligible users in some jurisdictions outside the US and that trading carries loss risk.
Elliptic says no evidence North Korean hackers used AI in Binance theft
Elliptic says it has found no evidence that North Korean hackers accused of the $6.4bn Binance theft used AI to launder funds. Tom Robinson says the automated transfers resembled human-written scripts; about $3.28bn remains in more than 950 wallets.
Previous related news
- Elliptic says about $3.24bn of stolen Binance assets remains in linked addresses
- Elliptic says Binance hacker laundered first funds, $2.2m in BTC, via CoinJoin
- Arkham says Binance hacker moved $4m to three Binance deposit addresses
UBS's Gerry Fowler says market underestimates AI cycle, sees 2027 inflection
UBS chief European equity strategist and derivatives head Gerry Fowler said the market underestimates how long the AI cycle will last, with some hyperscaler valuation multiples below 20 times while revenue grows 10% to 20% a year. He sees a potential inflection in 2027 as data-centre deliveries release backlogged orders.
AI
ChainCatcherAINeutral
Tencent Hunyuan releases Hyra 2.0 framework for reusable scientific models
Tencent Hunyuan has released Hyra 2.0, a framework in which agents build and upgrade reusable scientific models and tools rather than only solving problems directly. It says its HyInv protein model has 1.96m parameters and generates 57 times faster than ProteinMPNN, while its HyProver workflow completed proofs including Shing-Tung Yau's circle action conjecture.
Moonshot's Kimi releases game development solution for AI agents
AI company Moonshot's Kimi released a game development and creative solution that takes AI agents from coding assistance into the full game-making workflow, from gameplay design and 3D modelling to engineering and publishing. Built on K3.1 Pro, Kimi Code and Kimi Work, it can operate tools such as Unity, Unreal Engine and Blender via plugins.
AI
OpenAI and Anthropic to set up midterm election war rooms
OpenAI and Anthropic will each set up a war room to help ensure their platforms provide accurate information about the US midterm elections, a first for both companies.
AI
Franklin Templeton's Julian Love argues for neutral on-chain AI harness
Franklin Templeton Digital Assets managing partner Julian Love argues for a neutral, decentralised on-chain harness, the software layer that gives AI models context, tools and memory and routes requests to the best model. He examines what the shift could mean for AI users, developers and the blockchain ecosystem.
AI
Proton CTO Bart Butler says coding is dead and engineers should help models write code
Proton CTO Bart Butler said in an internal memo that large language models can now write code and that manual coding's era has passed, with models able to handle documentation, tests and boilerplate. He said productivity has not risen much despite widespread model use.
AI
OpenAI signs UAE deals on energy, investment and government technology deployment
OpenAI has signed agreements to deploy its technology with energy firms, investment institutions and government departments in the UAE, while seeking billions of dollars in funding from state-backed investors. CEO Sam Altman met Crown Prince Sheikh Khaled bin Mohamed Al Nahyan in Abu Dhabi.
Previous related news
- OpenAI said to seek $30bn funding commitments at $1.25tn valuation
- OpenAI set to close funding of up to $30bn led by UAE investors
- OpenAI said to speed up roughly $30bn raise at valuation possibly above $1.4tn
AI
Jun Song says he rejected anonymous black-hat group's exploit-data training offer
Open-source AI developer Jun Song said an anonymous black-hat group offered him a very large sum to post-train open-weight models on exploit data. He declined and said his concern is that someone else will take the deal.
AI
Bloomberg says TraderTraitor uses AI to pick large crypto theft targets
Bloomberg reports that North Korean group TraderTraitor uses AI to find companies vulnerable to large-scale crypto theft. Zscaler's Park Sung-soo and TRM Labs' Nick Carlsen say the group studies corporate systems and lures employees with job offers.
Li Jiaqi to sell AI tokens in Tmall Double 11 livestream
Li Jiaqi will sell AI tokens in a Tmall Double 11 livestream at 7:30pm Beijing time on 2 November, with Alibaba vice-president Chen Yusen, who heads Qwen Office, attending and 20tn tokens to be given away.
AI
Anthropic plans share sale in Japan to raise up to $3.5bn
Anthropic plans to issue shares in Japan to raise up to $3.5bn, according to Bloomberg.
Previous related news
- Anthropic IPO filing discloses almost $900bn in future obligations
- Hill says Anthropic IPO could create 4,257 millionaires
- Investors turn to crypto derivatives to bet on Anthropic ahead of IPO
AI
Brookfield leads $8bn GPU financing for Naver, KB Kookmin says
KB Kookmin Bank says Brookfield has appointed it lead arranger on South Korea's largest syndicated loan, 10.7tn won ($8bn) to fund AI chips including GPUs for Naver. It is part of a 12.6tn won financing package, with the chips leased long-term to Naver Cloud.
67 of 76 STAR Market chip designers post revenue growth in third quarter
Of 76 chip design firms on China's STAR Market, 67 reported year-on-year revenue growth and 53 posted positive net profit, with memory and computing the strongest segments. ChangXin Memory Technologies revenue rose 738.5% to 269bn yuan in the first nine months.
Previous related news
See all 2 updates on ChangXin Memory Technologies resultsAI
Fu Sheng says Binance hack shows AI-era security weakness
Cheetah Mobile chairman and CEO Fu Sheng said the large theft from Binance reflects the fragility of traditional security strategies in the AI era rather than poor security at the exchange. Binance co-founder Yi He replied that fire precautions from the candle era cannot stop fires in the electric-light era.
Previous related news
- South Korea's FSC calls emergency meeting with crypto exchanges after Binance hack
- Binance processes $4.65bn of withdrawals after resuming service following $6.3bn hack
- SomaXBT says Binance attacker laundered about $242m via Tron in two days
Lee Jae-myung says South Korea will nearly double AI spending to $16bn next year
South Korean President Lee Jae-myung says the government's AI investment spending will almost double next year to KRW 21.3tn, about $16bn.
Meta said to team up with Fourier on Max humanoid robot
Meta has worked with Chinese robotics firm Fourier to build a humanoid robot prototype called Max and has begun a second generation, The Information and a Chinese outlet reported. The roughly 48 kg robot took three months to build, with no launch date set.
Previous related news
See all 2 updates on Meta-Fourier humanoid robot prototypeAI
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