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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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And I am not losing on performance.
Robots and AI models together could take on about 80% of the work Americans do, Anthropic says. But robots are cheaper than people for just 0.3% of tasks today. The findings come from Anthropic’s new robotics study, which Business Insider picked up this week.
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.
Still, it appears Meta will be gobbling up plenty of data.
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.
OpenAI’s 110 staff in London received an average of about £2.3m each in 2025, counting salaries and shares. The figures come from the accounts of OpenAI UK Ltd, as Robert Booth reported for The Guardian. The staff shared £87m in salaries and £168m in shares, the Guardian said.
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%.
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.
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.
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.
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