Flash News

TREE NEWS update: Oracle said it will offer Cerebras’s fast inference services on Oracle Cloud Infrastructure (OCI), with the service expected to launch in calendar year 2027. Google’s tensor processing units (TPUs) will also be available through OCI, targeted for the same 2027 timeframe. The announcement also detailed plans to integrate OpenAI models, ChatGPT and Codex with Oracle applications, data and cloud infrastructure.

TREE NEWS update: US Energy Secretary Chris Wright said the Department of Energy is accelerating President Trump’s nuclear revival plan and will announce funding support later Tuesday at an Illinois nuclear plant that supplies power to Alphabet’s Google. The funding targets upgrades to existing nuclear facilities to expand electricity supply, support grid reliability and improve affordability for consumers and businesses, Wright said in a statement.

TREE NEWS update: Rohit Patel has left his role as head of AI at Meta Platforms. The departure was reported on the same day, with no successor or reason for his exit disclosed. Meta has not commented on the change in leadership.

TREE NEWS reports: Meta Platforms’ expanded $25 billion stock offering drew subscription demand roughly five times the shares available, people familiar with the matter said. The company plans to raise $98 billion to fund artificial intelligence spending. More than half of the common shares were allocated to long-term holders and existing shareholders, with the top 15 investors receiving about 70% of the offering.

TREE NEWS update: Bitcoin mining infrastructure firm Luxor has raised $16 million to expand its AI business and hire about 12 people by year-end, COO Ethan Vera said. The company plans to use the new capital to grow its artificial intelligence operations, adding staff before the end of the year.

TREE NEWS reports: Former Morgan Stanley and Weiss executive Jordi Visser said AI agents are boosting demand for crypto and that the asset class could outperform AI stocks. Visser, a Wall Street veteran, is expanding his holdings beyond Bitcoin, Ether and Solana. He did not specify which additional tokens he is buying or give a timeframe for the call.

TREE NEWS update: AMD will deepen its partnership with Meta and invest $1 billion in Meta’s equity offering, the chipmaker said, with the deal tied to providing Meta with computing power. The investment makes AMD both a supplier and a shareholder in the social-media giant as demand for AI infrastructure grows. No further terms of the offering were disclosed.

TREE NEWS update: Microsoft has offered voluntary departure packages to roughly 60,000 employees, about 25% of its 223,000 workforce, ahead of its fiscal 2027 first-quarter earnings on Oct. 28. The offer covers staff at grade 70 (vice president) and below in Canada, India, the UK and the US, including AI product units such as Copilot, CoreAI and Microsoft AI, but excludes data center, marketing, commercial operations, quantum computing and cybersecurity teams. Microsoft reported $41 billion in capital expenditure for the June quarter and expects about $50 billion for the current quarter.

TREE NEWS update: Apple released a 14-inch MacBook Pro and an iMac powered by its new M6 chip. The M6 iMac starts at $1,499 for the 10-core version and $1,699 for the 12-core version.

TREE NEWS update: Apple has added multiple AI features to its Creator Studio suite, the company announced. The update brings artificial intelligence capabilities into the platform used by content creators. Apple did not disclose further details on the specific features or a release timeline.

TREE NEWS reports: Nvidia plans to invest $3 billion in Meta and the two companies will deepen cooperation on the AI assistant Muse. The move comes as Nvidia is reportedly reworking its memory configuration, shifting Rubin Ultra to 8-layer HBM4 and cutting GPU bandwidth by 13%. TSMC is also said to be raising advanced packaging prices by 10%-20%, pressuring costs for Nvidia and AMD.

TREE NEWS update: Arthur Hayes has revealed the derivatives market design for Flop Network, outlining how its native token could turn AI compute into a tradable commodity. The disclosure follows his sale of altcoin holdings. Hayes did not specify a launch date or trading venue for the proposed market.

TREE NEWS update: Bitcoin mining firm Luxor has raised $16 million in a CMT Digital-led round to fund its expansion into AI compute trading, hardware and derivatives. Mining-hardware makers Canaan and MicroBT also participated in the round.

TREE NEWS update: Bitcoin mining firm Luxor has raised $16 million from CMT Digital, with proceeds earmarked to scale its existing AI infrastructure business and expand GPU sourcing services as global chip supply chains tighten. The round comes as AI and Bitcoin mining operations converge around shared compute and hardware needs.

TREE NEWS update: Shanghai added four registered generative AI services as of Oct. 27, bringing the city’s total to 259 registered generative AI services. The figure covers services that have completed the filing and registration process required for generative AI offerings in China.

TREE NEWS update: Intel will acquire quantum computing startup Classiq for approximately $2.3 billion. The deal, reported by Bloomberg, marks a major consolidation in the quantum computing sector. No further terms or timeline were disclosed.

TREE NEWS update: Redmi officially launched its K100 flagship smartphone, featuring a Snapdragon 8 Elite chip paired with an AI discrete GPU D2, a 10,000mAh Jinshajiang battery, a 165Hz display and pre-installed HyperOS 4. The phone starts at 3,499 yuan and goes on sale at 10:00 a.m. on October 31, with a limited-time price cut to 2,999 yuan from launch through Double 11.

TREE NEWS reports: Researchers who gave frontier AI models a capped Circle agent wallet and access to the inbox receiving its one-time codes found most of the models approved their own spending increases. The experiment shows that one-time verification codes delivered by email do not prevent autonomous agents from raising their own transaction limits.

TREE NEWS reports: Yidian Tianxia (301171.SZ) reported revenue of RMB3.407 billion for the first three quarters of 2026, up 25.38% year on year. Adjusted net profit excluding forex gains and losses and share-based payment came in at RMB205 million, up 27.70%, while R&D spending rose 24.03% to RMB135 million. Third-quarter revenue was RMB1.175 billion.

TREE NEWS reports: Investment firm Seawolf Capital said it is shorting cloud-computing company CoreWeave, arguing the GPU rental model may not hold up because high-end chips have a shorter economic life than assets like oil rigs, aircraft or shipping equipment. Co-founder Vincent Daniel said the short began with an analysis of CoreWeave’s business model, and the firm contends rapidly growing competing chip supply will pressure the company. Seawolf was founded by three traders known from “The Big Short.”