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Berkshire Hathaway is buying 10 million new Bending Spoons shares at $33 each. The Milan-based company announced the deal on 14 October. The $330m private placement adds to the $600m Berkshire invested at Bending Spoons’ Nasdaq listing in July.
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TSMC made a record net profit of NT$763.1bn ($23.59bn) in the third quarter, up 69% on a year earlier. That beat the NT$746.3bn LSEG SmartEstimate, Reuters reported. Revenue rose 51% to NT$1.49tn, or 41.2% to $46.72bn in US dollar terms, according to TSMC’s results. Its operating margin was 58.7%.
Anduril is letting current and former employees sell shares in a tender offer that values the defence tech company at about $90bn. The shares are priced at $94.80 each, and the offer is capped at about $1.3bn, according to Bloomberg’s sources.
Amazon has acquired DuckLabs, the company behind the analytical database DuckDB. Co-founders Hannes Mühleisen and Mark Raasveldt will continue to lead the team under AWS. The acquisition aims to enhance the development and reach of DuckDB while maintaining its open-source status.
Mark Wahlberg, who once sank money into a gym chain that got kicked off the NYSE, is now building his own, and he promises you’ll get a cold plunge, a blood panel and a protein muffin without needing a trust fund.
The short-lived White House press secretary was listed as an adviser to a Kristi Noem-linked company that aims to use AI for mining. Both the company and she say she never worked there.
RapidCanvas, which pairs an AI agent platform with its own engineers to build business apps for companies, raised a $29M Series B led by Vertex Ventures SEA & India, with Hitachi Ventures joining. It will hire in the US, Brazil, and India. Total funding now stands at $52.5M.
Elon Musk says his time running DOGE showed the US government cannot fix its deficit from the inside. Only AI and robots can, he told biographer Walter Isaacson. Musk made the comments on Isaacson’s new podcast, The Builders, Axios reported in an exclusive on Friday. The show premieres on Tuesday.
The US Federal Trade Commission has sent civil investigative demands to Anthropic and OpenAI, seeking documents about the safety incidents involving their AI models. The demands went out on Wednesday, Axios first reported, citing a person familiar with the matter.
Netflix has named Peter Rice, the former chairman of Walt Disney Television, as its chief content officer. The company announced the move on Thursday. Rice will run its global content organisation, from scripted and unscripted series to film and live events.
The EU’s proposed cloud sovereignty law, the Cloud and AI Development Act (CADA), could cost Europe €115bn over ten years. That is the central estimate in a study by the Brussels think tank ECIPE. CCIA Europe, a lobby group whose members include Amazon, Google and Meta, paid for it.
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