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* Netflix's ad-supported tier reached over 190 million monthly active viewers (MAVs) in October, according to a new company metric. * The company is replacing its previous 'monthly active users' (MAUs) metric to better account for multiple viewers per household, a move designed to appeal to advertisers. * This
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* International Business Machines Corp. (IBM) has confirmed it will cut thousands of jobs in the fourth quarter. * The layoffs will affect a "low single-digit percentage" of its global workforce as the company realigns its strategy. * This move is part of IBM's broader strategy to shift its
Enterprise
* IBM has confirmed it will lay off a "low single-digit percentage" of its global workforce in the fourth quarter, potentially impacting nearly 3,000 employees. * The job cuts are proceeding despite the company reporting stronger-than-expected earnings, driven by a 10% increase in software revenue. * This move places IBM
Enterprise
* Futures Plunge: U.S. stock futures for the Dow, S&P 500, and Nasdaq 100 all dropped significantly, with the tech-heavy Nasdaq leading the decline. * Valuation Jitters: The sell-off is driven by growing anxiety among investors and Wall Street CEOs that tech stock valuations have become dangerously "frothy&
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* Market Divide: The Dow Jones Industrial Average experienced a downturn, while the tech-heavy Nasdaq Composite surged, driven by enthusiasm for artificial intelligence. * AI Catalyst: Amazon's landmark $38 billion deal with OpenAI sent shockwaves through the market, causing shares of Amazon and chipmaker Nvidia to climb significantly. * Economic Worries:
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* Dev Ittycheria, the CEO who guided MongoDB through its 2017 IPO and massive growth, is stepping down after an 11-year tenure. * Chirantan “CJ” Desai, a former executive at Cloudflare and ServiceNow, will take over as the new CEO effective November 10. * Despite the leadership shake-up, MongoDB signaled strong financial health,
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* Musk's Milestone: Elon Musk's net worth has once again surpassed the staggering $500 billion mark, solidifying his position as the world's wealthiest individual. * Tesla's Surge: The primary driver is a significant rally in Tesla's stock, which rose over 2.2%
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* Strategic AI Partnership: Nscale is integrating Vast Data's AI Operating System to power its massive global AI infrastructure expansion. * Unprecedented Scale: The collaboration is set to support Nscale's plan to deploy 300,000 Nvidia Grace Blackwell GPUs, signaling a new era for hyperscale compute. * Powering Major
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* Winning Streak Continues: The Dow, S&P 500, and Nasdaq secured gains for the day, week, and month, marking a sustained period of market strength. * Amazon Hits All-Time High: Fueled by stellar third-quarter earnings, Amazon's stock surged approximately 10%, with its AWS cloud division showing a significant
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* Nvidia CEO Jensen Huang, Samsung Chairman Lee Jae-yong, and Hyundai Chair Chung Eui-sun shared a surprise casual dinner of fried chicken and beer in Seoul. * With a combined net worth of $195 billion, the trio unexpectedly paid the entire bill for all other diners in the restaurant, creating a viral
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* A colossal "hyperscale" data center backed by OpenAI and Oracle is planned for a 250-acre site on farmland near Ann Arbor, Michigan. * The project is spearheaded by a real estate firm connected to billionaire Stephen Ross's business empire. * The facility's projected energy consumption is
Enterprise
* OpenAI CEO Sam Altman has publicly demanded a refund for his 2018 Tesla Roadster deposit, highlighting a 7.5-year wait. * Altman posted screenshots on X showing his original reservation, his recent refund request for $50,000, and the subsequent bounced email from Tesla. * The public jab is seen as the