The Brutalist Report

Apple says the App Store has over 100K apps built for the iPhone Duo and "thousands of optimized apps are being added to the store each day" (Jay Peters/The Verge) [1d]
Crusoe says Google has bought out its data center site in southeast Wyoming; Crusoe reportedly failed to lock in customers including Google for the project (Lynn Doan/Bloomberg) [1d]
Sources: US intelligence concluded that Megaspeed executive Alice Huang was recruited by China's top spy agency MSS to collect intelligence on Jensen Huang (New York Times) [1d]
Filing: Google spent roughly $548M to buy around 3M shares of Qualcomm, which is pushing into serving the AI data center market (Ryan Barwick/The Information) [1d]
Sources: OpenAI has closed on new funding of roughly $11B at a $1.25T valuation; the round could increase to as much as $20B in total (Bloomberg) [1d]
Sources: Anthropic is continuing with plans to list before the Thanksgiving holiday this month, expecting to raise $80B-$100B at a valuation of $1.25T to $1.75T (Financial Times) [1d]
AI physics startup PSI says a system running a non-public Anthropic model proved the Aaronson-Ambainis conjecture, a quantum computing question open since 2008 (PSI) [1d]
Elon Musk says US government contracts will account for under 10% of SpaceX's revenue this quarter, down from 16.6% last quarter and around 20% in 2025 (Bloomberg) [1d]
Sources: Microsoft has been turning off rented computing capacity from Oracle after declining to renew a 2023 deal, because the hardware used older Nvidia chips (Brody Ford/Bloomberg) [1d]
The US DOJ indicts three foreign nationals for allegedly using AI to impersonate CEOs and attorneys at major international law firms in a $129M+ fraud scheme (Rebecca Cohen/NBC News) [1d]
Researcher: *sshole, a decade-old OpenSSH flaw, lets attackers use a password of 256+ characters to log into passwordless accounts on some musl Linux systems (Lawrence Abrams/BleepingComputer) [1d]
Democrats, with Elizabeth Warren a top contender to chair Senate Banking, are poised to step up oversight of Nvidia over chip exports and circular financing (Maggie Eastland/Bloomberg) [2d]
Fox closes its $22B Roku acquisition well ahead of the expected 2027 date; Anthony Wood joins Fox's board and co-chairs a new unit with Tubi, Fox One, and Roku (Todd Spangler/Variety) [2d]
Sources: TSMC is considering expanding into manufacturing 3D DRAM at the request of Nvidia, its biggest customer, amid memory chip shortages (Qianer Liu/The Information) [2d]
Employees at Microsoft, long known for its stability in the industry, are grappling with its decision to offer buyouts to 60,000 people as AI spending grows (Emmy Martin/New York Times) [2d]
Experts say the new Democratic congressional majority will likely seek to rebuild CISA, prioritize AI security, revive local cyber grants, probe DOGE, and more (Eric Geller/Cybersecurity Dive) [2d]
In preliminary findings, the EU says TikTok breached the DSA by failing to prevent its recommendation algorithm from trapping users in harmful "rabbit holes" (Alexander Martin/The Record) [2d]
Sources: Democrats are eyeing Apple, Meta, and Elon Musk-led companies as early congressional investigation targets, after winning House and Senate majorities (Pranshu Verma/Washington Post) [2d]
Sources: Nvidia is requiring Southeast Asian customers seeking Nvidia Cloud Partner status to enroll in a program that tracks the locations of their AI chips (Mackenzie Hawkins/Bloomberg) [2d]
Elon Musk says Tesla plans to wind down production of the Cybertruck at its Texas Gigafactory in mid-2027 "to make room for increased Cybercab production" (Kana Inagaki/Financial Times) [2d]
Cleanview: ~40% of planned data center capacity is in states where newly elected governors have pledged to pause or halt construction (Bloomberg) [2d]
Blockaid: Binance hackers stole ~$2.5B, or 40% of the $6.3B haul, in a single Ethereum transaction using wallet permissions that cost just $15 to set up (Sidhartha Shukla/Bloomberg) [2d]
NY-based Kalepa, whose AI platform supports insurance underwriting, pricing, and portfolio management, raised a $75M Series B led by Updata at a $470M valuation (Manya Saini/Reuters) [2d]
Sources: China's top memory maker YMTC plans to source up to 70% of equipment for its fourth chip factory locally, up from just over 50% for its third factory (Reuters) [2d]
Asian tech stocks plunge amid fears US Democrats may delay data centers; Taiwan's Taiex sees a record intraday point drop, Kospi falls 8.7%, and Nikkei 6.7% (Jada Nagumo/Nikkei Asia) [2d]
Potential Sciences, an AI startup building large-scale chemical data sets, secured backing from the UK's Sovereign AI Fund, as part of an eight-figure raise (Joel Khalili/Wired) [2d]
Google rolls out Gemini Omni 1.2 Flash, which creates clips up to 15 seconds, vs. 10 seconds with Omni 1.1, has better reference adherence, and costs 30% less (Matthias Bastian/The Decoder) [2d]
Perplexity rolls out Teammates, an always-on AI agent system that integrates with Computer to handle multiple roles and execute large-scale tasks simultaneously (Emma Roth/The Verge) [2d]
Sources: UK neobank Monzo is exploring a new fundraising round valuing it at ~£7.5B after failing to be acquired by Nu Holdings and struggling to sell a stake (Financial Times) [2d]
Filing: Airbnb discloses that it has the option to invest in and license tech from CEO Brian Chesky's stealth AI lab; source: Chesky has self-funded it so far (The Information) [2d]
Sources: Thinking Machines Lab is raising $5B led by Accel at a $40B pre-money valuation, more than tripling its valuation from its last public round last year (Business Insider) [2d]
Artificial Analysis says Inkling 2 Small matches Gemini 3.8 Flash (high) in its index and would be the top open model outside China once its weights are out (Artificial Analysis) [2d]
Lyft reports Q3 revenue up 8% YoY to $1.82B, vs. $1.92B est., and a net loss of $0.03 a share, vs. an est. profit of $0.20 a share; LYFT drops 8%+ after hours (Kelly Cloonan/Wall Street Journal) [2d]
Meta indefinitely pauses its new commercial terms, which critics say would let it scrape sites of business users, after publisher outcry and court injunctions (Nieman Lab) [2d]
Sources: cloud security startup Cyera is planning to raise around $800M in a round led by Cyberstarts at a $20B valuation, up from $12B in June (Aaron Holmes/The Information) [2d]
Thinking Machines Lab debuts Inkling 2 Small, a MoE model with 594B total and 17B active parameters, and plans to release weights next week after safety testing (Thinking Machines Lab) [2d]
Sources: major investors are increasingly skeptical Anthropic's IPO can achieve a $1.5T valuation after a market selloff; one says it could be closer to $1T (Wall Street Journal) [2d]

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