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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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Tue 3 Nov
ByteDance's Doubao Work adds Douyin local services and TikTok business plugins
ByteDance's AI office agent Doubao Work has launched business plugins including Douyin local services, Juliang local promotion and TikTok for Business, and is being promoted to a small group of enterprise users. After authorising accounts, merchants can have it pull operating data and produce review reports with recommendations.
AI
ChainCatcherAINeutral
China's NDRC says it will speed up foundational AI legislation
Wang Ruomeng, a deputy director at China's National Development and Reform Commission, said the 15th Five-Year Plan period will balance AI development and safety, with faster foundational and comprehensive AI legislation and periodic reviews of how the rules work. He also said regulators will set reasonable transition periods and give compliance guidance across industries.
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See all 2 updates on China AI legislation pushAI
Democratic 'blue wave' in US midterms stirs fears for AI boom
A Democratic 'blue wave' is gaining momentum in the US midterms, stirring fears that the AI boom could cool.
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- Trump backs pro-crypto Harriet Hageman in Wyoming Senate race
- Seth Meyer says midterms usually hurt the ruling party as US stock futures rise
- Lummis says $6.3bn in crypto stolen this week, backs CLARITY intelligence pilot
AI
BloomingbitAINeutral
Baidu denies reports that Kunlunxin's listing is delayed
Baidu said market rumours and reports that the listing timetable of its AI chip unit Kunlunxin could be delayed are untrue. Kunlunxin is in a confidential filing stage and cannot disclose material non-public information, including progress on the listing process, Baidu said.
AI
Apple guides holiday-quarter gross margin to 45%-46% on memory costs
Apple cut its December holiday-quarter gross margin guidance to 45%-46%, citing unprecedented memory price rises and cloud costs for Siri AI. Management said output of the foldable iPhone Duo is constrained and it cannot yet predict when supply and demand will balance.
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See all 2 updates on Apple iPhone Duo launchAI
SK's Chey Tae-won says South Korea and Japan should cooperate on AI and semiconductors
SK Group chairman and Korea Chamber of Commerce and Industry head Chey Tae-won proposed that South Korea and Japan work together on AI and semiconductors and on joint cost-cutting to create at least $1tn in synergies.
SK Hynix falls 5.3% over 24 hours to $1,040.14
SK Hynix dropped 5.3% over 24 hours and was trading at $1,040.14, according to Gate data.
Xiao Yuanqi says concentrated AI investment is squeezing traditional industries' financing
Xiao Yuanqi, deputy head of China's financial regulator, said heavy capital flows into tech and leading firms have raised leverage and risked over-rapid expansion. He said the crowding-out effect has pushed up borrowing costs for traditional industries, and called for early policy frameworks for the AI-driven transition.
AI
MiniMax falls 8.0% in 24 hours to $19.89
MiniMax fell 8.0% over 24 hours and was last at $19.89, according to market data.
Morgan Stanley's Ted Pick says AI spending may reach $15tn over a decade
Speaking at the Hong Kong Monetary Authority's Global Financial Leaders' Investment Summit, Morgan Stanley CEO Ted Pick said cumulative AI spending could reach $15tn over the next decade, with the largest hyperscalers investing $800bn-$1tn a year for seven to 12 years. Goldman Sachs CEO David Solomon said capital markets can meet the financing demand.
Nvidia asks cloud customers to keep at least 51% of services outside China
Nvidia has asked its cloud computing customers to cut exposure to Chinese firms and ensure at least 51% of services are sold to companies outside China, according to Bloomberg, citing the Financial Times and unnamed sources.
AI
Zhipu falls 9.1% in 24 hours
Zhipu fell 9.1% over 24 hours and was trading at $55.91, according to market data.
PIMCO's Roman warns AI cycle will turn as Wall Street splits on outlook
At a Hong Kong investment summit, PIMCO's Emmanuel Roman warned the market will eventually turn lower, while Bain Capital's John Connaughton and Franklin Templeton's Jenny Johnson flagged stretched AI valuations. Morgan Stanley's Ted Pick put AI capital spending at $10tn-$15tn and Goldman's David Solomon said capital markets remain active.
Nvidia's Jensen Huang said to back Marvell-Lumentum $103bn merger
People familiar with the matter say Nvidia CEO Jensen Huang backed Marvell and Lumentum's roughly $103bn merger before it was announced, after the two CEOs sought his view. Nvidia invested $2bn in each firm earlier this year.
Anthropic says $895bn in compute commitments include old coal plant
Anthropic told the US Securities and Exchange Commission in an updated filing that its long-term compute commitments total $895bn, covering chips, data centres and power, including an old coal plant. The filing adds third-quarter 2026 financial data.
AI
State Street's Ron O'Hanley says AI demand is real and a bubble is hard to see
State Street chairman and chief executive Ron O'Hanley said it is 'hard to see' an AI bubble, arguing data centres are built against real orders from real companies rather than on speculation.
AI
DeepSeek V5 said to plan training on Huawei Ascend 950 chips next year
People in the supply chain say DeepSeek's next model, V5, is planned to train on Huawei Ascend 950 chips, with the project aimed at landing next year. Ascend compute handled only inference in the previous version, they said.
Meta's chief AI officer discusses how Muse was built
Meta's chief AI officer discussed the making of Muse, saying most people care about what research does for them rather than the research itself, and that unreliable experiences make a product feel worthless. He described Muse arranging a document pickup and delivery end to end for a user.
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See all 2 updates on Meta Muse AI modelAI
OpenAI says ChatGPT Classic desktop app will shut down on 30 January 2027
OpenAI said the old ChatGPT Classic desktop app will stop service on 30 January 2027, with users prompted to move to the new app, where their chat history and conversations carry over.
Odaily
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