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Nvidia kept pressing its advantage in AI chips this week at its first Washington, D.C.-based conference, marshaling a lot of friends in support of all its technologies, from HPE and Nokia to Samsung, which is teaming up to build an AI Megafactory for chip manufacturing and more. To underscore that point, Nvidia’s market cap just hit $5 trillion — though CEO Jensen Huang says there’s no AI bubble. M-hm. Meanwhile, Qualcomm is making a play to challenge Nvidia with its own AI server chips, but it’s clearly an uphill battle. Still, AI funding continued apace, so investors are betting there’s likely to be more opportunity for awhile to come — though many of them may be left holding the bag for any overshoot. The big three cloud providers aren’t facing any apparent overshoot yet, as all of them, as well as Facebook, clocked better-than-expected quarterly results this week. But investors split on which ones have the best chance of seizing the AI opportunity. Microsoft spooked investors who worry about how much it has to spend to seize the AI opportunity in coming years. Likewise, they didn’t like Meta’s rampant spending either. But Alphabet did much better, as its cloud business rode the AI boom enough to offset capital spending concerns — and despite persistent worries that AI itself would tank its search traffic and its massive ad revenues, it’s managing to hold its own there too. AI also boosted Amazon and its AWS cloud unit, lifting its stock 10% after-hours Thursday thanks to the fastest cloud growth in several years. Despite the quarterly upside, Amazon is laying off at least 14,000 people. Maybe its AI is doing better at improving “efficiency” than people might assume? The company itself says it’s just cutting excess layers, but it’s a sure bet CEO Andy Jassy can read the economy and the Trump tariffs that threaten his retail business. OpenAI finally restructured, and the big point is that it paves the way for going public — which is exactly what it’s reportedly going to do, though not until at least next year. For its part, Microsoft got a $235 billion chunk of OpenAI in the deal. Space is finally becoming a growth industry for more than just SpaceX and Blue Origin as entrepreneurs smell a big opportunity. Another big week of earnings looms, including Arm, Qualcomm, AMD, Supermicro and Palantir among many others. Here’s all the news, views and analysis this week from SiliconANGLE and beyond: AI and data: OpenAI eyes IPO Analysis and food for thought OpenAI says more than a million people a week show severe mental distress when talking to ChatGPT Surviving the AI capex boom Sparkline Capital’s take is worth a full read, but among the worrisome points about the top-valuation companies spending all that cash: “We are also concerned that the AI boom is transforming the Magnificent 7 from asset-light to asset-heavy, given that asset-heavy firms have historically produced inferior returns. Unfortunately, Big Tech appears committed to this bitterly competitive and costly AI arms race. Given their large weight in stock indexes, this is problematic for many investors.” Investors don’t think Nvidia is part of that problem, however, as its market capitalization just hit an unbelievable $5 trillion, a first for any company. Ray Dalio sees a vast American underclass increasingly dependent on the top 1% — and AI could make it worse. Or actually, it already is. But I’d be willing to bet on seeing a story in the next couple of years about companies realizing they need to hire real people for many tasks they thought AI could eliminate. Money matters Newly completed OpenAI restructuring gives Microsoft $135B stake — and paves the way for an IPO: OpenAI reportedly planning 2026-2027 IPO at valuation of up to $1T Mercor, the AI startup fueling ChatGPT’s expertise, now valued at $10B (per Wall Street Journal) Nvidia reportedly investing up to $1B in software development AI model startup Poolside (per Bloomberg) Fireworks AI raises $254M at $4B valuation to help enterprises with AI inference workloads AI video startup Synthesia reportedly raises $200M at $4B valuation Figma acquires AI design startup Weavy for reported $200M+ Legaltech AI startup Legora raises $150M at $1.8B valuation Former OpenAI researchers launch Applied Compute with $80M in funding CoreStory raises $32M to help companies modernize legacy code with AI Site reliability engineering startup Wild Moose launches with $7M in funding Socratix AI raises $4.1M to build autonomous coworkers for fraud and risk teams New models and services Microsoft 365 gets new agents for building apps, workflows and… more agents IBM releases small open-source Granite 4 models for mobile devices and browsers Grammarly transforms into AI-enabled productivity suite with Superhuman rebrand Google rolls out Android AI-powered features and updates for developers Adobe’s GenStudio gets a dose of agentic automation and integrates custom models GitHub tackles vibe coding chaos with a control center for AI coding agents Informatica puts AI agents at the heart of its data management strategy Exclusive: Enterpret adds agents to its customer feedback analysis platform Redpanda’s new agentic data plane supports secure, governed deployments of AI agents Anomalo expands its platform with AIDA, an intelligent data analyst for the enterprise Grammarly transforms into AI-enabled productivity suite with Superhuman rebrand Opaque introduces confidential AI platform with end-to-end privacy and compliance guarantees Policy After deaths and lawsuits, Character.AI will ban teens from speaking to its chatbots There’s even more AI and big data news on SiliconANGLE Around the enterprise: AI boom lifts Amazon and Google, Microsoft and Meta not so much Coverage from Nvidia’s GTC DC: Inside Nvidia’s GTC DC announcements: From AI factories to quantum computers and 6G networks And the full rundown from Zeus Kerravala: Nvidia GTC DC: The rise of AI factories and a push for US leadership HPE and Nvidia collaborate to speed government and enterprise AI adoption Nvidia invests $1B in Nokia as part of new wireless networking partnership Red Hat tightens Nvidia ties with BlueField integration and native CUDA support Xage extends zero trust to AI agents and data centers through Nvidia BlueField integration Fortanix and Nvidia team up to enable confidential AI in healthcare, finance and government TheCUBE and theCUBE Research have plenty more onsite interviews and analysis Earnings Rampant cloud growth propels Alphabet to $100B quarterly revenue milestone Amazon’s stock jumps as AWS cloud growth accelerates Microsoft’s stock falls on AI spending concerns and lack of clarity about OpenAI Meta’s stock slides on AI bubble fears, as Zuckerberg calls for increased spending Apple’s iPhone revenue misses expectations, but CEO Tim Cook promises an immediate turnaround Cloudflare earnings results beat expectations with strong revenue and profit growth ServiceNow stock rises on earnings and revenue beats, upbeat outlook Samsung’s profit more than doubles, beating estimates as chip recovery gathers pace NXP forecasts upbeat quarterly revenue on recovery in demand Confluent shrugs off takeover reports with strong cloud growth, sending stock higher F5 shares slide after upbeat quarter overshadowed by breach-related headwinds Cadence Design Systems falls despite Q3 earnings beat Cybersecurity stocks diverge as Commvault disappoints and Check Point surges on AI-driven results PayPal stock soars on earnings, new OpenAI partnership Nvidia-supplier SK Hynix third-quarter profit jumps 62% to a record high on AI-fueled memory demand Seagate posts results ahead of estimates amid AI-fueled 160% rally Extreme Networks shares drop 15%+ despite solid earnings report as profit margin falls Flex beats Q2 earnings and revenue estimates Tenable beats on Q3 revenue Coinbase shares rise on strong quarterly results as trading volumes and revenue surge Atlassian shares rise as cloud growth and AI adoption drive earnings beat Twilio stock surges on Q3 earnings beat and strong guidance Western Digital jumps as earnings and guidance top forecasts Other money matters AWS opens $11B Project Rainier data center campus built for Anthropic Core Scientific shareholders dismiss $9B CoreWeave deal over valuation worries Bending Spoons, fresh off its AOL deal, gets valued at $11.7 billion Apple suppliers Skyworks, Qorvo agree to create $22B radio-chip giant Intel in talks to acquire AI chip startup SambaNova (per Bloomberg) Humain to invest $3B with Blackstone’s AirTrunk in Saudi data center campus Corporate travel and expense platform Navan IPO tumbles 20% after debut under SEC shutdown workaround Substrate raises $100M to do the impossible and reinvent the chipmaking industry Startup xMEMS gets $21M to bring advanced thermal management to AI-powered gadgets Policy China to ease rare earth element restrictions, greenlight TikTok deal following Trump-Xi meeting Australian regulator sues Microsoft over Microsoft 365 Copilot pricing notifications Disruptions Azure outage takes multiple Microsoft services, customer websites offline AWS disruption prompts Snowflake to spotlight its cross-cloud recovery feature New products and services Qualcomm debuts AI200, AI250 data center AI chips And analysis from John Furrier: Qualcomm’s AI200 turns up the heat on Nvidia — and puts inference economics in the spotlight Still, many are skeptical, including Timothy Prickett Morgan at The Next Platform. Samsung and Nvidia to build an AI Megafactory to transform semiconductor manufacturing Columnar launches to redefine data connectivity with Arrow-powered ADBC drivers AMD, HPE to build two new supercomputers for the Energy Department Arista Networks debuts next-gen platforms for AI data centers DroneDeploy adds agentic AI and robotics enhancements to expand mapping and inspection We have lots more news on cloud, infrastructure and apps Cyber beat: Funding surge Money matters Cybersecurity funding surge continues with Sublime, ConductorOne and CyberRidge rounds Reflectiz raises $22M to protect enterprise websites from third-party and open-source risks Exclusive: Rilevera raises $3M to automate cyberthreat detection engineering New products and services OpenAI unveils Aardvark, an autonomous GPT-5 agent built to hunt software vulnerabilities Palo Alto Networks introduces Prisma AIRS 2.0, Cortex Cloud 2.0 and AgentiX to secure the agentic enterprise Nozomi Networks brings automated threat prevention to OT environments with Arc update Commvault launches Conversational AI and Data Rooms to unify cyber resilience and responsible AI SandboxAQ launches OpenCryptography.com to expose hidden cryptographic vulnerabilities BreachRx launches Mobile Command app to empower executives during cyber incidents Acronis Cyber Protect Local brings cloud-grade security to local and sovereign deployments More cybersecurity news here Elsewhere in tech: Tech launches into space The space industry takes off: With lower launch costs and new tech, entrepreneurs envision a starship future IBM unveils Digital Asset Haven to help banks and governments manage crypto securely And check out more news on emerging tech, blockchain and crypto and policy Comings and goings Report: Amazon to let go of up to 30,000 employees, starting this week AI data firm People.ai appointed a new CEO: its former SVP of Marketing and Strategy Jason Ambrose. Vector Capital Management named Apratim Purakayastha, former general manager of Talent Development Solutions at Skillsoft, CEO following the completion of its acquisition of AI revenue enablement firm Showpad. What’s next Events Nov. 4-5: Celonis Celosphere, Munich: TheCUBE will be onsite with interviews and analysis. Earnings: Yet another big week Monday, Nov. 3: Palantir, RingCentral Tuesday, Nov. 4: Uber, AMD, Supermicro, Astera Labs, Arista, Kyndryl, Rapid7, Rivian Wednesday, Nov. 5: Digital Ocean, Dynatrace, Arm, Qualcomm, Informatica, Fortinet, Snap, Robinhood, Lyft, OpenText, Freshworks, Hubspot, Fastly, Duolingo, Amplitude, IonQ Thursday, Nov. 6: Datadog, Netscout, Appian, JFrog, Synaptics, GenDigital, Akamai, Five9, Block, Rackspace, Expensify, Dropbox Image: SiliconANGLE/Reve
