Good evening!
Do you have a favorite song from Taylor’s new album yet?
Here are the 7 things you missed today:
1. 🤩 Intel unveils first 18A ‘Panther Lake’ chip as next-gen Xeon looms
The chipmaker introduced Panther Lake, its first processor built on the 18A process, delivering major efficiency gains for upcoming PCs. Production is underway at Fab 52 in Chandler, AZ, with systems shipping by year-end. Intel also previewed its 18A-based Xeon ‘Clearwater Forest’, slated for 1H 2026 and designed for data-center workloads. The announcement marks a key step in Intel’s comeback strategy against TSMC and Nvidia in advanced manufacturing. (TechCrunch)
2. 📊 C-Suite Executives Cite Customer Data Gaps as Major Risk
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3. 🎨 Figma and Google join forces to add Gemini AI to the platform
Users can now generate and edit visuals inside Figma using Gemini 2.5 Flash, Gemini 2.0 Pro, and Imagen 4, cutting “Make Image” latency by about 50%. The integration reaches over 13M monthly active designers and builds on Figma’s Google Cloud partnership. It remains non-exclusive, as Figma also appeared in OpenAI’s ChatGPT Apps showcase. The move keeps Figma competitive as AI transforms creative workflows across Adobe and Canva rivals. (Fast Company)
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5. 📈 Sora hits 1M downloads in under five days, faster than ChatGPT
App Store data from Appfigures shows 627K installs in Sora’s first week versus 606 K for ChatGPT’s debut. OpenAI’s Bill Peebles confirmed the app crossed 1 million downloads in <5 days, despite being invite-only. The rollout covers the U.S. and Canada, where Canada accounted for ~45K installs. Sora hit #1 on the U.S. App Store by Oct 3, underscoring the viral momentum behind OpenAI’s consumer launches. (Tech Crunch)
6. 💰 Reflection AI raises $2B at an $8B valuation
The startup, founded in 2024 by ex-DeepMind researchers Misha Laskin and Ioannis Antonoglou, builds AI tools that automate software development. Investors include Nvidia, Eric Schmidt, Citi, 1789 Capital, Lightspeed, and Sequoia. The round values Reflection AI at $8B, up from $545M in 2024, per PitchBook. Reuters adds that global VC funding jumped 38% YoY to $97B in Q3, with nearly half flowing to AI startups. The surge highlights sustained investor appetite for foundational AI infrastructure. (Reuters)
7. 🤖 Q3 profit growth seen slowing to 8.8% as AI capex comes into focus
Forecasts from LSEG show S&P 500 earnings up 8.8% YoY and sales up 5.7%, cooling from 13% growth earlier this year. The index now trades at about 23× forward EPS versus an 18.7× 10-year average, as valuations stay stretched. Investors are watching whether AI capex by tech giants will sustain margins or squeeze profits. A Goldman Sachs note warns tariffs (up 33% to $93B in Q3) could further pressure earnings. With a U.S. data shutdown still underway, guidance will be crucial this season. (Reuters)
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