Trump: SI Should Replace AI, Anyone Continuing to Use the Term "AI" Will Be Deemed an "Enemy"

According to BIT (bit.com) market data, the Nasdaq’s decline widened to 1%, while the Philadelphia Semiconductor Index fell more than 2%. Intel and Marvell dropped over 4%, AMD and Micron declined more than 3%, and Nvidia fell nearly 2%. Earlier news: OpenAI’s annual revenue is $20 billion lower than previously reported, reaching $50 billion as of the end of September, compared to the widely cited $70 billion figure.

Beating AI Express, according to the Financial Times, OpenAI recently disclosed to investors that its annualized revenue stood at nearly $50 billion as of the end of September, significantly lower than the $70 billion reported at the end of last month. Insiders said the discrepancy arises because investors tried to directly compare OpenAI’s annualized revenue with that of its rival Anthropic, as the two companies use different accounting standards: Anthropic includes sales revenue generated via cloud partners such as AWS and Google Cloud in its revenue, while OpenAI does not. Earlier, investors adjusted OpenAI’s revenue standard to arrive at a $40 billion figure for its August annualized revenue, then combined this with the company’s disclosed revenue growth of over 70% to investors to calculate the $70 billion number. OpenAI declined to comment.

According to the official agenda for the International Monetary Fund (IMF) Annual Meeting in Bangkok, Federal Reserve Chair Walsh has confirmed his attendance at the event and is scheduled to deliver a public speech on October 16 local time. His trip has been formally included in the meeting’s agenda by the IMF Bangkok Annual Meeting Organizing Committee. As the head of a leading global monetary policy-making institution, Walsh’s appearance has drawn significant attention. During the conference, his speech will focus on elaborating on the current macroeconomic situation and monetary policy framework. The IMF has now released the relevant schedule in accordance with established procedures. All speaking arrangements for participating guests have been posted on the official platform, and specific details of the speeches will be subject to on-site disclosures.

Trump stated, "We are holding productive discussions with the Islamic Republic of Iran. I want to make this clear to everyone: Even though Iran is in a very difficult economic and military situation, and sanctions will remain fully effective, oil is flowing through the Strait of Hormuz at record volumes—22 million barrels alone last night, none of which originated from or was bound for Iran! We will not attack Iran at any time before the U.S. midterm elections on November 3. Iran will not possess nuclear weapons!"

According to market data from BIT (bit.com), losses in the US storage sector have widened. The specific declines are as follows: Seagate Technology (STX) fell 2.35%; Western Digital (WDC) dropped 1.30%; SanDisk (SNDK) declined 3.40%; Micron Technology (MU) fell 2.18%; and SK Hynix ADR (SKHY) dropped 4.01%.

Netflix has released the first trailer for "The Altruists," its upcoming series centered on FTX founder Sam Bankman-Fried (SBF). Inspired by the rise and fall of SBF and former Alameda Research CEO Caroline Ellison, the 8-episode series will premiere on November 19. Anthony Boyle will portray SBF, while Julia Garner plays Caroline Ellison. Netflix’s synopsis describes the show as the story of two young idealists who set out to rapidly reshape the global financial system, only to be accused of stealing $8 billion and ultimately fall from the heights of financial power. Created by Graham Moore, "The Altruists" draws inspiration from articles by New York Magazine journalists Kevin T. Dugan and Jen Wieczner. Barack Obama and Michelle Obama serve as executive producers on the project.