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Alphabet's stock fell another 1.4% on Friday after a 12% plunge on Thursday, as tech stocks tumbled for a second consecutive day over concerns about the hundreds of billions of dollars firms are investing in AI. The Nasdaq ended October with its worst monthly slide.

Amazon has unveiled TorchNeuron, a new development tool aimed at breaking Nvidia's dominance over PyTorch, the widely used AI development framework. The tool is designed to enable more developers to run their AI applications on alternative chips, including Amazon's own custom silicon.

Industry • TechCrunch AI

SAP → TechWolf

SAP is acquiring Ghent-based AI startup TechWolf in a deal valued at hundreds of millions of dollars. A co-founder of TechWolf emphasized the importance of the city's flywheel effect in the company's success.

Meta is attempting to shift blame to staff who downloaded torrents for AI training, arguing that no executives 'decided' to pirate books. The federal court has ordered Meta to name the executives who approved the torrenting.

Policy • Ars Technica AI

Economist Dean Baker discusses Gartner research predicting a $5 billion shortfall in AI revenue, arguing that frontier AI lacks clear use cases. This video provides a critical perspective on AI's economic viability and adoption challenges.

AI Industry Insights • The Tech Report

A new report from MIT Technology Review examines how enterprise AI economics are shifting as usage scales. The analysis suggests the question for companies is moving from 'can we use it?' to 'how efficiently are we using it?' as AI becomes core infrastructure.

Industry • MIT Technology Review