Banks Consider $38 Billion Funding Boost for Oracle, Vantage, and OpenAI Expansion 
Amazon and Google Launch New Multicloud Networking Service to Boost High-Speed Cloud Connectivity 
Apple Appoints Amar Subramanya as New Vice President of AI Amid Push to Accelerate Innovation 
ByteDance Unveils New AI Voice Assistant for ZTE Smartphones 
Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts 
Samsung Launches Galaxy Z TriFold to Elevate Its Position in the Foldable Smartphone Market 
Baidu Cuts Jobs as AI Competition and Ad Revenue Slump Intensify 
Nexperia Urges China Division to Resume Chip Production as Supply Risks Mount 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
Australia Releases New National AI Plan, Opts for Existing Laws to Manage Risks 
Morgan Stanley Boosts Nvidia and Broadcom Targets as AI Demand Surges 
Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum 
OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities 
AI-Guided Drones Transform Ukraine’s Battlefield Strategy 
YouTube Agrees to Follow Australia’s New Under-16 Social Media Ban 
Quantum Systems Projects Revenue Surge as It Eyes IPO or Private Sale 
Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation 
Jeff Bezos will have a very good weekend, thank you.
The head honcho of Amazon.com became the 5th richest man in the world following the stock rally his company experienced on Friday trading. Geekwire said Bezos saw his net worth increased to about USD3.4 billion when his company revealed that Amazon posted a surprise second consecutive profit. The reveal inspired investors to invest in Amazon stock, causing him to surpass the Koch brothers Charles and David with an estimated total net worth of USD53 billion.
Amazon’s reported third quarter earnings were at USD79 million, purportedly caused by its cloud-computing unit’s strong growth and better-than-expected sales. The inspiring earnings report still had an effect even after hours trading, causing Amazon stock to increase by 10 percent.
Motley Fool wrote, “With growth like that, it's anyone's guess as to how big AWS can ultimately get, or how much profit it can generate over the long term. But it's clear that this business, similar to the retailing operations, is well positioned to capitalize on a major business shift.”
