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SoftBank completes $30bn OpenAI investment with final $10bn payment

SoftBank Group has completed its $30bn follow-on investment in OpenAI, after paying the third and final $10bn tranche on 1 October, Japan time. The Japanese group made the payment through its Vision Fund 2, it said on Thursday. With this payment, SoftBank has now put $64.6bn into OpenAI in total, for a stake of about 13%. […]

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Trump’s ‘Morally Binding’ AI ‘Accord,’ the Rise of AI Agents, and Extremists on the Ballot

This week on “Uncanny Valley,” we discuss the voluntary AI safety agreement tech executives signed, AI agents for normies, and extremist candidates running for office in the US midterms.

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GM’s Q3 sales drop 5.5% as its electric models collapse and Toyota closes to within 136,000

GM’s third-quarter sales fell 5.5% and its electric models collapsed, with the Equinox EV down 92.4% to 1,905 cars after America ended its $7,500 purchase credit. Europe kept its mandates, where electric cars took 29% of new registrations in August and drivers pay about twice the American petrol price. GM sold 5.5% fewer vehicles last […]

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Factory and Cognition bosses clash over adviser’s exit, Bloomberg reports

The heads of two AI coding startups are fighting in public over an adviser who switched sides, as Carmen Arroyo reported for Bloomberg. Factory chief executive Matan Grinberg said on X on Wednesday that he was cutting ties with Chris Degnan, an adviser of about a year. Degnan was later named chief revenue officer at […]

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Samsung lifts prices across most of the Galaxy S26 range by $100

Samsung has added $100 to the Galaxy S26, S26+ and Ultra and $200 to the 1TB Ultra, seven months after the phones went on sale, blaming the memory shortage. The same shortage made Samsung’s semiconductor division 94% of company profit in the first quarter while its mobile division’s operating profit fell about 38%. Samsung has […]

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Coliving startup PadSplit expands to San Francisco, New York and Chicago

PadSplit rents out single rooms in shared homes. It is now moving into the San Francisco Bay Area, the New York metro area and Chicago, the company said in a press release on Thursday. The Atlanta-based startup lets homeowners split houses into furnished private bedrooms with shared kitchens and living rooms. Residents pay weekly, with utilities and […]

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TSMC eyes a multibillion-dollar Texas campus for more AI chips

TSMC is weighing a new Texas campus of multiple fabs, each costing at least $20B, contingent on Congress extending a 35% manufacturing tax credit. Its only European plant, the Dresden joint venture, totals above EUR 10B and will run 28nm to 12nm nodes rather than anything used for AI. TSMC is eyeing a Texas campus […]

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LinkedIn’s former chief Ryan Roslansky to leave Microsoft

Ryan Roslansky, who ran LinkedIn before taking over Microsoft’s Office group, will leave the company at the end of 2026, as Jordan Novet reported for CNBC. Chief executive Satya Nadella announced the exit in a memo to staff on Thursday, according to CNBC. “Ryan leaves the organization in a strong position,” Nadella wrote In his […]

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Ford’s CEO says it is too late for Europe to fend off Chinese carmakers

Ford chief executive Jim Farley said it is too late for Europe to fend off Chinese carmakers and that the United States should take its time deciding. Ford’s own answer in Europe is a Valencia joint venture in which Geely holds 34% and will build two of the four electric models from 2028. Ford’s chief […]

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