01
CNBC ↗
Binance said hackers spent months entering its wallet system, using a fake developer tool in June and fake job interviews in September, then moved through its internal AI tools. Co-chief executive Richard Teng said the October 29 attack took $6.34 billion in assets, and that the company has replenished 98 percent of that amount. He said the FBI has linked the attack to North Korean hackers, but he did not attribute it himself. Binance says it has rebuilt the affected wallet system and the internal AI tool.
02
AMD ↗
AMD reported record third-quarter revenue of $13.4 billion, up 45 percent from a year earlier, with data center sales of $8.5 billion, up 97 percent. Adjusted earnings were $2.09 a share. The company forecast about $17 billion of revenue for the fourth quarter, plus or minus 3 percent. Client and gaming revenue fell 8 percent, and gaming revenue alone fell 40 percent.
03
TechCrunch ↗
Fal, which hosts image, video, and audio models, raised $1.3 billion in a round led by Bessemer Venture Partners, with Nvidia among the investors. The deal values the company at $16 billion, double the $8 billion valuation from April. Fal said a Sequoia-led round earlier this year brings the two raises to $1.65 billion combined. A separate report said annualized revenue passed $800 million earlier this year.
04
Financial Times ↗
The Financial Times reported that Nvidia has told cloud clients they must sell at least 51 percent of their services to non-Chinese companies, citing five people familiar with the matter. The paper said the instruction is verbal, applies only to future contracts, and did not exist before. Nvidia did not confirm the rule. It said clouds built on American chips are what American model makers need, and China's foreign ministry said it was not aware of the report.
05
Bloomberg ↗
Meta is set to raise $15 billion in dollar bonds for AI spending, with investor orders of about $58 billion, people familiar with the sale said. A wider deal that adds a euro note is expected to reach at least $20 billion. The longest bonds were discussed at about 2.5 percentage points over Treasuries, about 0.9 points more than early talk on a similar bond in April. Meta has not confirmed the size.
06
Super Micro ↗
Super Micro reported fiscal first-quarter net sales of $19.9 billion, up from $5.0 billion a year earlier, and net income of $1.59 billion. Gross margin was 12.7 percent. It forecast $19.5 billion to $21.5 billion of sales for the December quarter and raised its fiscal 2027 sales outlook to $72 billion to $82 billion. On October 20 it had already told investors to expect $18.5 billion to $19.5 billion for the quarter just reported.
07
CrowdStrike ↗
CrowdStrike made an AI kill switch available in Falcon Guardian, so a security administrator can stop a rogue internal agent, block it from launching again, and cut its enterprise network access. The company said a person has to trigger the action, and that the stop is logged. It also said it plans to buy Fiddler AI and Dreadnode. No prices were disclosed for those deals.
08
TechCrunch ↗
Google said it will turn off AI tools for K-12 students next year unless a school administrator turns them on. Schools that refuse AI entirely will also lose Google Search, because the company says search and AI are now integrated. Students would then see a message that search is not available. Google said it will give schools more detail in the coming months, before the change rolls out.
09
NCSC ↗
Britain's National Cyber Security Centre said it is highly likely that AI-powered malware will be used in a ransomware attack on UK critical infrastructure by 2028. The GCHQ agency said China is best positioned for that, and that China and Russia are highly likely to use AI cyber tools routinely by 2028. It received 1,831 attack reports in the year through August, 80 of them nationally significant. The AI it has seen so far scales existing tactics rather than creating a new kind of attack.
10
TechCrunch ↗
Apple told developers that dating apps and AI companions with sexual or romantic content must carry an 18-plus rating. Starting November 16, developers have to add content descriptors so age ratings match those features. Apps that share a user's real-world location with another person must flag that too. The change was announced to developers on Monday.