Wednesday, November 4, 2026

AI is forcing us to pay off 40 years of technical debt (opens spectrum.ieee.org)

US voters roundly reject data centers in ballot measures (opens semafor.com)

OpenAI details a pipeline that used an upcoming cyber model to validate and patch 948 local privilege escalation vulnerabilities in Linux for $1.2M in API costs (opens openai.com)

OpenAI details a pipeline that used an upcoming cyber model to validate and patch 948 local privilege escalation vulnerabilities in Linux for $1.2M in API costs — Security research that once required a separate, sustained investigation for each finding can increasingly be run as a systematic…

Meta raised €9B from its debut euro bond sale that drew a record €53B of orders, paying ~1.4x the risk premium Alphabet offered for similar bonds this week (opens bloomberg.com)

Meta raised €9B from its debut euro bond sale that drew a record €53B of orders, paying ~1.4x the risk premium Alphabet offered for similar bonds this week — Meta Platforms Inc. raised €9 billion from a debut euro debt bond sale that drew a record €53 billion of orders …

Sources: Apple cut some engineers' daily AI spending cap to $200 from $300 and plans cuts to as little as $100, as cost cutting stokes staff fears of layoffs (opens bloomberg.com)

Sources: Apple cut some engineers' daily AI spending cap to $200 from $300 and plans cuts to as little as $100, as cost cutting stokes staff fears of layoffs — Apple Inc. is reducing employee budgets for artificial intelligence usage as part of a cost-cutting effort, even as the company seeks …

Most Venture Capital Is Going To Companies That Are Founded Or Led By Billionaires (opens news.crunchbase.com)

Crunchbase counts more than $260B raised in 2026 by seven companies founded or led by men who are already billionaires.

Cat Wu, who left Anthropic last week, says she is joining OpenAI to lead product manangement for core products; Wu was the product lead for Claude Code (opens businessinsider.com)

Cat Wu, who left Anthropic last week, says she is joining OpenAI to lead product manangement for core products; Wu was the product lead for Claude Code — Cat Wu, who left Anthropic last week after becoming one of the company's highest-profile product managers, is joining OpenAI.

Sources: Goldman Sachs and Apollo are in talks with investors to sell portions of SpaceX's ~$40B chip financing, asking some for up to $500M before syndication (opens bloomberg.com)

Sources: Goldman Sachs and Apollo are in talks with investors to sell portions of SpaceX's ~$40B chip financing, asking some for up to $500M before syndication — Goldman Sachs Group Inc. and Apollo Global Management Inc. are in talks with Wall Street investors to start selling portions …

Sources: Anthropic and AP struck a licensing deal just before the midterms, marking the first time Anthropic paid a digital news publisher to license content (opens adweek.com)

Sources: Anthropic and AP struck a licensing deal just before the midterms, marking the first time Anthropic paid a digital news publisher to license content — The arrangement marks the first time the artificial intelligence firm has paid a digital news publisher to license its content

Sequoia hits rewind, undoing 20 years of expansion (opens techcrunch.com)

Sequoia is consolidating into a smaller Bay Area-centered firm, shutting programs and offices from its 20-year expansion while announcing about $10B in new funds.

Nothing CEO says company’s mysterious AI-first device is dropping next month (opens techcrunch.com)

While it's not yet clear what kind of product the smartphone startup is cooking up, Nothing's CEO said the product is designed to leverage AI for productivity gains.

Data center shares fall as investors expect slower AI buildout after Democrats win Congress; Hut 8 drops 23%, IREN 11%, Core Scientific 10%, Applied Digital 7% (opens reuters.com)

Data center shares fall as investors expect slower AI buildout after Democrats win Congress; Hut 8 drops 23%, IREN 11%, Core Scientific 10%, Applied Digital 7% — Wall Street closed sharply higher on Wednesday as Democrats' sweeping midterm election victory eased political uncertainty …

Almost no one uses AI agents to book their Uber, company says (opens techcrunch.com)

During its busiest week last quarter, Uber said only four people booked a ride using an AI agent.

Figma reports Q3 revenue up 43% YoY to $391.4M, above est., gross margin of 80%, below 81% est., and lifts its 2026 revenue outlook; FIG drops 6%+ after hours (opens reuters.com)

Figma reports Q3 revenue up 43% YoY to $391.4M, above est., gross margin of 80%, below 81% est., and lifts its 2026 revenue outlook; FIG drops 6%+ after hours — Figma (FIG.N) is leaning on cashing in on its AI features through credits and using its first-party model to power tasks …

Qualcomm is betting big on data centers as smartphone sales sink (opens theverge.com)

With smartphone sales tanking by around 20 percent compared to 2025, Qualcomm is looking to data centers to help boost its bottom line. During its Q4 2026 earnings call, the company laid out its plans to make a splash in the AI data center business, through partnerships with companies like Amazon…

Google will spend $15B on data centres in Malaysia over two years (opens thenextweb.com)

The money goes to data centres, cloud operations, water, power and training in 2027 and 2028, including new campuses in Selangor and Negeri Sembilan.