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The Marked Chart Wire · Tech and AI
Social Media Lawsuits
The social media company agreed to settle claims from two young users while a Los Angeles trial regarding platform harms was ongoing.
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OpenAI
OpenAI announced partnerships with ADNOC, Mubadala, and UAE government entities. A UAE consortium is reportedly set to lead OpenAI's next funding round.
HotSatellite Connectivity
AT&T and AST SpaceMobile demonstrated a seamless network handoff between ground towers and satellites on October 21. The companies plan beta testing before a commercial launch aimed at remote areas.
Space AI
Elon Musk forecasts that nearly all superintelligence computing will move to orbit by 2028, a view echoed by Sequoia Capital's Shaun Maguire. SpaceX plans to deploy Star Mind satellites generating over 250 kilowatts each, though commercial scale remains unproven.
SpaceX AI
Elon Musk confirmed SpaceX limited Grok Bot access over Halloween because operating costs exceeded revenue. AI now accounts for 52 percent of company income, with the division posting $431 million in profit.
AI Infrastructure
The company signed a five-year deal to host AI workloads in South Korea, expecting over $100 million in total income. Operations started with 480 Nvidia B300 chips, with plans to add more units.
HotAI Infrastructure
The company received authorization for site work on its 300MW facility in Badajoz. Initial operations are planned for 2028 as part of a broader European expansion strategy.
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