Top 10 AI News
Nvidia to build seven AI supercomputers for U.S. energy research
Nvidia announced seven new supercomputers for the U.S. Department of Energy, backed by $500 billion in AI chip bookings ([www.reuters.com](https://www.reuters.com/world/asia-pacific/nvidias-huang-speak-washington-investors-look-hints-china-2025-10-28/#:~:text=Nvidia%20CEO%20Jensen%20Huang%20announced,built%20with%20Oracle%2C%20housing%20100%2C000)). The systems – including one built with Oracle housing 100,000 Blackwell chips – will aid in nuclear weapons maintenance and energy research. CEO Jensen Huang said Nvidia aims to regain access to China’s market, which is currently closed to it ([www.reuters.com](https://www.reuters.com/world/asia-pacific/nvidias-huang-speak-washington-investors-look-hints-china-2025-10-28/#:~:text=research%20and%20include%20a%20massive,Nvidia%20is%20currently%20shut%20out)).
Oracle CEO: AI demand far outstrips supply
At the Riyadh Future Investment Initiative Summit, Oracle CEO Mike Sicilia affirmed the long-term value of AI, dismissing fears of an “AI bubble.” He said demand for AI tools greatly exceeds current supply ([www.reuters.com](https://www.reuters.com/business/oracle-says-there-is-real-value-ai-demand-far-outpaces-supply-2025-10-28/#:~:text=Oracle%20CEO%20Mike%20Sicilia%20expressed,increasing%20global%20investment%20and%20adoption)), reflecting robust global interest in AI even as companies invest heavily in the technology.
Foxconn to spend $1.37B on AI supercomputing center
Foxconn, the world’s largest electronics manufacturer, approved an investment of NT$42 billion (approx. $1.37 billion) to build a new AI compute cluster and supercomputing center in Taiwan ([www.reuters.com](https://www.reuters.com/world/asia-pacific/foxconn-invest-up-137-billion-ai-compute-cluster-supercomputing-centre-2025-10-28/#:~:text=Foxconn%2C%20also%20known%20as%20Hon,the%20company%20did%20not%20specify)). The cluster – to be completed by December 2026 – will bolster Foxconn’s cloud services and smart platforms amid growing AI demand, according to company insiders ([www.reuters.com](https://www.reuters.com/world/asia-pacific/foxconn-invest-up-137-billion-ai-compute-cluster-supercomputing-centre-2025-10-28/#:~:text=Foxconn%2C%20also%20known%20as%20Hon,However%2C%20a%20source)).
EU launches €1.1B “Apply AI” strategy for key industries
The European Commission unveiled a €1 billion plan to boost AI adoption across health, energy, automotive, pharmaceuticals and defense sectors ([www.reuters.com](https://www.reuters.com/world/china/eu-rolls-out-11-billion-plan-ramp-up-ai-key-industries-amid-sovereignty-drive-2025-10-08/#:~:text=The%20European%20Commission%20has%20launched,into%20effect%20in%20August%202024)). President von der Leyen emphasized that Europe must develop AI domestically for strategic autonomy and to reduce reliance on U.S. and Chinese tech ([www.reuters.com](https://www.reuters.com/world/china/eu-rolls-out-11-billion-plan-ramp-up-ai-key-industries-amid-sovereignty-drive-2025-10-08/#:~:text=The%20European%20Commission%20has%20launched,include%20AI%20screening%20centers%20in)). The “Apply AI” initiative builds on existing action plans to ease regulatory and financial hurdles for AI startups.
EU president urges AI-first push for self-driving cars
European Commission President Ursula von der Leyen called for an “AI first” strategy in mobility, urging Europe to accelerate self-driving car development ([www.reuters.com](https://www.reuters.com/business/retail-consumer/eus-von-der-leyen-urges-european-push-ai-driven-cars-2025-10-03/#:~:text=European%20Commission%20President%20Ursula%20von,AI%20first)). Speaking at an Italian tech conference, she stressed that AI-enabled autos could revitalize Europe’s lagging auto industry and improve road safety, and that Europe must catch up with the U.S. and China in automotive AI technology ([www.reuters.com](https://www.reuters.com/business/retail-consumer/eus-von-der-leyen-urges-european-push-ai-driven-cars-2025-10-03/#:~:text=European%20Commission%20President%20Ursula%20von,and%20China%20in)).
UK security chief warns of AI’s dangers
MI5 chief Ken McCallum cautioned that autonomous AI poses serious national security risks, even if doomsday scenarios are unlikely ([www.reuters.com](https://www.reuters.com/world/uk/uk-spy-chief-warns-ai-danger-though-not-disaster-movie-doom-2025-10-16/#:~:text=In%20a%20speech%20on%20national,AI%20is%20already%20being%20exploited)). He highlighted that terrorists and foreign states already use AI for propaganda, election interference and cyberattacks ([www.reuters.com](https://www.reuters.com/world/uk/uk-spy-chief-warns-ai-danger-though-not-disaster-movie-doom-2025-10-16/#:~:text=In%20a%20speech%20on%20national,AI%20is%20already%20being%20exploited)) ([www.reuters.com](https://www.reuters.com/world/uk/uk-spy-chief-warns-ai-danger-though-not-disaster-movie-doom-2025-10-16/#:~:text=by%20terrorists%20for%20propaganda%20and,affirming%20that%20the%20issue%20is)), and urged intelligence agencies to proactively guard against future AI-driven threats.
Meta to cut about 600 jobs in AI unit
Meta plans to eliminate roughly 600 roles within its Superintelligence Labs (AI) unit, Axios reports ([www.reuters.com](https://www.reuters.com/business/meta-is-cutting-around-600-roles-ai-unit-axios-reports-2025-10-22/#:~:text=Meta%20is%20set%20to%20cut,AI%20Officer%2C%20Alexandr%20Wang%2C%20stated)). The cuts will affect Facebook AI Research (FAIR) teams and AI infrastructure groups, as the newly merged AI division streamlines operations. Meta’s AI chief Aleksandr Wang wrote internally that the downsizing will reduce bureaucracy and increase each role’s impact.
Amazon to cut 14,000 jobs amid AI-driven reorganization
Amazon announced plans to slash about 14,000 corporate positions worldwide as AI automations reshape its workforce ([www.reuters.com](https://www.reuters.com/sustainability/amazon-lay-off-about-14000-roles-2025-10-28/#:~:text=Amazon%20announced%20it%20will%20cut,previously%20indicated%20AI%20would%20lead)). The cuts, spanning devices, advertising, Prime Video, HR and AWS departments, follow Andy Jassy’s warning that intelligent automation will eliminate routine roles. The job losses are part of a broader plan that could total up to 30,000 layoffs to curb pandemic over-hiring and align with new AI tools ([www.reuters.com](https://www.reuters.com/sustainability/amazon-lay-off-about-14000-roles-2025-10-28/#:~:text=Amazon%20announced%20it%20will%20cut,AWS)).
Tech stocks surge under AI wave, raising bubble concerns
As Big Tech prepares to report Q3 earnings, experts are cautioning of an “AI bubble” ([www.reuters.com](https://www.reuters.com/business/retail-consumer/big-tech-report-earnings-under-specter-ai-bubble-2025-10-27/#:~:text=As%20major%20U,of%20AI%20projects%20yield%20measurable)). Microsoft, Alphabet, Amazon and Meta are expected to show strong growth fueled by $400+ billion in AI infrastructure spending this year. Some analysts point out that only a small fraction of AI projects yield tangible results, prompting debate over whether the AI investment frenzy is sustainable ([www.reuters.com](https://www.reuters.com/business/retail-consumer/big-tech-report-earnings-under-specter-ai-bubble-2025-10-27/#:~:text=As%20major%20U,of%20AI%20projects%20yield%20measurable)).
Nvidia becomes first $5 trillion company on AI optimism
Nvidia shares jumped to record levels after CEO Jensen Huang announced $500 billion in AI chip orders, catapulting Nvidia’s market cap to $5 trillion ([www.reuters.com](https://www.reuters.com/business/sp-nasdaq-futures-up-nvidia-eyes-5-trillion-mark-ahead-big-tech-results-2025-10-29/#:~:text=On%20October%2029%2C%202025%2C%20U,Other%20tech)). This historic milestone helped lift U.S. stock indexes to highs, with other tech giants like Apple and Microsoft also exceeding $4 trillion valuations. The surge reflects investors’ AI-driven optimism and major tech earnings expectations ([www.reuters.com](https://www.reuters.com/business/sp-nasdaq-futures-up-nvidia-eyes-5-trillion-mark-ahead-big-tech-results-2025-10-29/#:~:text=On%20October%2029%2C%202025%2C%20U,Other%20tech)).
Global markets rally on AI optimism
Asian stock markets climbed on Oct. 29 following record Wall Street closes driven by AI enthusiasm ([www.reuters.com](https://www.reuters.com/world/china/global-markets-wrapup-1-2025-10-29/#:~:text=Asian%20markets%20rose%2C%20buoyed%20by,lifted%20indices%20across%20Asia%2C%20including)). Nvidia’s $500B chip deal and U.S. tech earnings plans buoyed sentiment, alongside Microsoft’s announcement of taking a 27% stake in OpenAI. The tech-led rally lifted indexes across Japan, South Korea and China as investors anticipate continued AI boosts ([www.reuters.com](https://www.reuters.com/world/china/global-markets-wrapup-1-2025-10-29/#:~:text=Asian%20markets%20rose%2C%20buoyed%20by,lifted%20indices%20across%20Asia%2C%20including)).
Global firms announce wave of layoffs amid AI push
Falling demand and AI-driven automation have led major companies to cut thousands of jobs worldwide. In October 2025 alone, U.S. firms announced over 25,000 layoffs, and European firms cut 20,000 roles ([www.reuters.com](https://www.reuters.com/business/world-at-work/global-firms-slash-jobs-amid-weak-sentiment-ai-push-2025-10-29/#:~:text=In%20October%202025%2C%20global%20firms,14%2C000%20corporate%20roles%2C%20possibly%20rising)). Notable examples include Amazon planning up to 14,000 job cuts and UPS slashing 48,000 earlier in the year, reflecting how AI integration is reshaping the labor market ([www.reuters.com](https://www.reuters.com/business/world-at-work/global-firms-slash-jobs-amid-weak-sentiment-ai-push-2025-10-29/#:~:text=In%20October%202025%2C%20global%20firms,14%2C000%20corporate%20roles%2C%20possibly%20rising)).
AI data-center startup Crusoe raises $1.38 billion
Denver-based Crusoe, which builds AI-powered data centers and portable server rigs, has secured $1.38 billion in Series E funding ([www.reuters.com](https://www.reuters.com/technology/ai-data-centre-startup-crusoe-raising-138-billion-latest-funding-round-2025-10-23/#:~:text=AI%20data%20center%20startup%20Crusoe,Crusoe%20notably%20helped%20build%20OpenAI%27s)). The round values the company at about $10 billion and was oversubscribed, with backers including Valor Equity, Mubadala, Nvidia and others ([www.reuters.com](https://www.reuters.com/technology/ai-data-centre-startup-crusoe-raising-138-billion-latest-funding-round-2025-10-23/#:~:text=AI%20data%20center%20startup%20Crusoe,the%20company%20has%20secured%20a)). Crusoe has raised nearly $3.9B since 2018 and notably helped build OpenAI’s own infrastructure.
Nvidia-backed Reflection AI raises $2 billion at $8B valuation
Reflection AI, a startup founded by former DeepMind scientists Misha Laskin and Ioannis Antonoglou, raised $2 billion in a new funding round ([www.reuters.com](https://www.reuters.com/business/nvidia-backed-reflection-ai-raises-2-billion-funding-boosts-valuation-8-billion-2025-10-09/#:~:text=Reflection%20AI%2C%20an%20artificial%20intelligence,and%20existing%20investors)). Led by Nvidia, the round boosts Reflection’s valuation to $8 billion, with support from investors like Eric Schmidt and Sequoia. The company focuses on AI tools to automate robotics and simulation tasks ([www.reuters.com](https://www.reuters.com/business/nvidia-backed-reflection-ai-raises-2-billion-funding-boosts-valuation-8-billion-2025-10-09/#:~:text=Reflection%20AI%2C%20an%20artificial%20intelligence,and%20existing%20investors)).
Dubai’s Optasia to raise $375M in Johannesburg IPO
Optasia, an AI-powered fintech based in Dubai and partly owned by Ethos Capital, plans to list on South Africa’s Johannesburg bourse to raise up to 6.3 billion rand ($375 million) ([www.reuters.com](https://www.reuters.com/world/africa/ai-fintech-optasia-aims-raise-375-million-south-african-listing-2025-10-08/#:~:text=Optasia%2C%20an%20AI,rand%20will%20come%20from%20the)). The IPO will generate about 1.3B rand, with the remainder raised via placements. Optasia provides AI-driven accounting and automation software, and the offering accelerates its push into new markets ([www.reuters.com](https://www.reuters.com/world/africa/ai-fintech-optasia-aims-raise-375-million-south-african-listing-2025-10-08/#:~:text=Optasia%2C%20an%20AI,rand%20will%20come%20from%20the)).
European stocks hit record highs on chip rally
European markets surged to all-time highs on Oct. 2, driven by a rally in chip and tech stocks, and optimism over a potential Fed rate cut ([www.reuters.com](https://www.reuters.com/markets/europe/european-shares-hit-record-high-tech-stocks-flourish-healthcare-rally-continues-2025-10-02/#:~:text=On%20October%202%2C%202025%2C%20European,market)). The STOXX 600 jumped 0.7%, with Germany’s DAX up 1.3%. Technology shares led gains (up 2.3%), reflecting investor confidence in the tech sector’s outlook ([www.reuters.com](https://www.reuters.com/markets/europe/european-shares-hit-record-high-tech-stocks-flourish-healthcare-rally-continues-2025-10-02/#:~:text=On%20October%202%2C%202025%2C%20European,market)).
European shares drift on mixed tech earnings
On Oct. 30, European stocks slipped slightly amid mixed results from U.S. tech firms ([www.reuters.com](https://www.reuters.com/markets/europe/european-shares-nudge-lower-earnings-ecb-rate-decision-tap-2025-10-30/#:~:text=European%20shares%20edged%20slightly%20lower,President%20Donald)). The STOXX 600 fell 0.2% as investors digested news of heavy AI-related spending by major U.S. companies. Markets also awaited developments on U.S. fiscal policy and central bank actions to gauge the next move in equities ([www.reuters.com](https://www.reuters.com/markets/europe/european-shares-nudge-lower-earnings-ecb-rate-decision-tap-2025-10-30/#:~:text=European%20shares%20edged%20slightly%20lower,President%20Donald)).
European shares edge up; FTSE hits record on Fed rate hopes
On Oct. 29, European stocks ticked higher, with the STOXX 600 and the FTSE 100 hitting fresh highs ([www.reuters.com](https://www.reuters.com/world/asia-pacific/european-shares-flat-earnings-feds-rate-decision-focus-2025-10-29/#:~:text=On%20October%2029%2C%202025%2C%20European,company%20earnings%20forecasts%20have%20marginally)). Investors focused on upcoming corporate earnings and the likely U.S. Federal Reserve rate cut. The rally was underpinned by upbeat corporate forecasts and anticipation of the Fed’s quarter-point cut, which markets expect will lower borrowing costs ([www.reuters.com](https://www.reuters.com/world/asia-pacific/european-shares-flat-earnings-feds-rate-decision-focus-2025-10-29/#:~:text=On%20October%2029%2C%202025%2C%20European,company%20earnings%20forecasts%20have%20marginally)).
SoftBank to buy ABB’s robotics arm for $5.4B
SoftBank agreed to acquire Swiss engineering company ABB’s robotics division for $5.4 billion ([www.reuters.com](https://www.reuters.com/world/asia-pacific/abb-sell-robots-business-softbank-538-billion-deal-2025-10-08/#:~:text=SoftBank%20Group%20has%20agreed%20to,the%20division%20separately%2C%20but%20instead)). The deal, expected to close by late 2026, underscores SoftBank’s aggressive push into AI and robotics under CEO Masayoshi Son. ABB had planned to spin off the business via IPO, but instead chose this outright sale. ABB’s shares rose on the news ([www.reuters.com](https://www.reuters.com/world/asia-pacific/abb-sell-robots-business-softbank-538-billion-deal-2025-10-08/#:~:text=SoftBank%20Group%20has%20agreed%20to,the%20division%20separately%2C%20but%20instead)).
Foxconn deploys humanoid robots at AI server factory
Foxconn will introduce humanoid robots into its Houston factory that builds Nvidia AI servers ([www.reuters.com](https://www.reuters.com/business/foxconn-deploy-humanoid-robots-houston-ai-server-plant-2025-10-29/#:~:text=Foxconn%2C%20the%20world%E2%80%99s%20largest%20electronics,robots%20and%20marks%20one%20of)). These robots, powered by Nvidia’s Isaac GR00T technology, aim to automate complex assembly tasks. The initiative, announced at Nvidia’s developers conference, is part of Foxconn’s broader “smart factory” strategy co-developed with Nvidia for AI-centered production lines ([www.reuters.com](https://www.reuters.com/business/foxconn-deploy-humanoid-robots-houston-ai-server-plant-2025-10-29/#:~:text=Foxconn%2C%20the%20world%E2%80%99s%20largest%20electronics,robots%20and%20marks%20one%20of)).
IBM runs quantum error-correction on standard AMD chips
IBM researchers successfully ran a key quantum computing error-correction algorithm on conventional AMD hardware ([www.reuters.com](https://www.reuters.com/business/ibm-says-key-quantum-computing-algorithm-can-run-conventional-amd-chips-2025-10-24/#:~:text=2025,Quantum%20systems%20rely%20on%20qubits)). This advance brings quantum computing closer to practicality, as it shows quantum error correction – crucial for reliable qubits – can be implemented on industry-standard chips, advancing IBM’s Starling quantum computer project ([www.reuters.com](https://www.reuters.com/business/ibm-says-key-quantum-computing-algorithm-can-run-conventional-amd-chips-2025-10-24/#:~:text=2025,Quantum%20systems%20rely%20on%20qubits)).
Global companies announce massive job cuts
Companies worldwide have ramped up layoffs amid sluggish demand and AI automation. In October alone, major firms announced at least 25,000 job cuts in the U.S. and 20,000 in Europe ([www.reuters.com](https://www.reuters.com/business/world-at-work/global-firms-slash-jobs-amid-weak-sentiment-ai-push-2025-10-29/#:~:text=In%20October%202025%2C%20global%20firms,14%2C000%20corporate%20roles%2C%20possibly%20rising)). Retailer Nestlé and logistics firms UPS and Amazon led the trend, with Amazon planning to eliminate up to 14,000 roles as AI tools replace routine tasks ([www.reuters.com](https://www.reuters.com/business/world-at-work/global-firms-slash-jobs-amid-weak-sentiment-ai-push-2025-10-29/#:~:text=In%20October%202025%2C%20global%20firms,14%2C000%20corporate%20roles%2C%20possibly%20rising)).