OpenAI raises $11 billion at a $1.25 trillion valuation
The round, confirmed by OpenAI CFO Sarah Friar, included SoftBank and Abu Dhabi-based MGX. According to the source, the $11 billion first tranche is about 37% of the reported $30 billion initial target. The round could reach $20 billion, but the remainder has not closed.
OpenAI raised about $11 billion in the first tranche of its round at a $1.25 trillion pre-money valuation; the total amount has not yet been finalized.
02POLICY & LAW
Elvis and Eminem rights holders sue Suno
The Presley side argues that Suno violated Tennessee’s ELVIS Act. Suno says it does not allow prompts using specific artists’ names or songs, scans uploaded audio and lyrics for possible misuse, and has strengthened its safeguards.
Elvis’s music rights holders and the publisher of some Eminem recordings sued Suno, alleging it generates music and lyrics that imitate the artists.
03PRODUCTS
Apple plans to let Siri take actions in third-party apps
According to Bloomberg’s Mark Gurman, Apple plans to give Siri more detailed control in its own apps first, then the ability to act in third-party apps. Examples include ordering through Grubhub; timelines and release details are presented as expectations.
Bloomberg’s Mark Gurman reports that Apple wants to turn Siri into an assistant that can carry out ongoing tasks, not just one-off commands.
04INDUSTRY
Goldman Sachs limits Claude Code access to engineers
Bloomberg reports that Goldman Sachs updated its guidance in October to restrict Claude Code and GitHub access to engineers; trading and banking staff can no longer use the tools. “Strats” across trading, quantitative research, and software teams retain access. The bank’s own AI assistant remains available.
Goldman Sachs’s updated internal guidance limits Claude Code and GitHub to engineers while keeping the bank’s own AI assistant available to employees.
05OPEN SOURCE
llama-modchip aims to run a 284-billion-parameter DeepSeek model on 64 GB of RAM
The llama-modchip project aims to run the 284-billion-parameter version of DeepSeek-V4-Flash on 64 GB of RAM using a custom GGUF format and llama.cpp patches. Project measurements show 9.1–14.7 tokens per second on a Ryzen 9 9955HX; standard llama.cpp cannot open the files because of their custom tensor format.
With custom compression and CPU optimizations, llama-modchip aims to run the 284-billion-parameter DeepSeek-V4-Flash without a GPU on 64 GB of RAM.
06POLICY & LAW
Political hurdles for data center projects may grow after elections
Commentators on TechCrunch’s Equity podcast said most restrictions and moratoriums on data centers passed in elections, potentially complicating projects, especially in Texas. Kirsten Korosec said that amid growing local opposition, OpenAI would remove the NDA requirement from its plan and share its projects more openly.
Podcast commentators said election victories for data center restrictions could complicate projects, and that OpenAI had changed its transparency policy.
07DEVELOPER TOOLS
Developer leaves Claude Code for Pi
The author cites Claude Code’s limit of one IDE-connected session at a time, interface shortcomings, and frequent changes that broke their personal setup as reasons for leaving. They find Pi more stable, simple, and customizable, and say they have written extensions for it.
The author says they switched their primary coding tool to Pi because of problems with Claude Code’s IDE integration, interface, and frequent changes.
08DEVELOPER TOOLS
Author builds a Git-based task queue for AI agents
The author says they collect work in a Git-based queue of Markdown tickets while using Claude Code and Codex. Agents develop and test tasks marked safe, leave decisions to humans, request approval for sensitive code, and do not deploy to production. The author says the tools still need improvement.
The author describes organizing agent tasks in a workflow based on a Git queue and human approval while working with Claude Code and Codex.
✓
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