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The Verge’s latest insights into the ideas shaping the future of work, finance, and innovation. Here you’ll find scoops, analysis, and reporting across some of the most influential companies in the world. Our coverage also includes interviews with innovators and policy makers at the frontiers of business and technology on Editor-in-Chief Nilay Patel’s Decoder; a behind-the-curtain look at Silicon Valley with Alex Heath’s Command Line; and exclusive reporting on Microsoft’s strategy in Tom Warren’s Notepad.

Elizabeth Lopatto
Elizabeth Lopatto
We’re done with Russell.

I still don’t really understand how this expert helps Musk’s case, if at all.

Elizabeth Lopatto
Elizabeth Lopatto
“The age of abundance for Elon.”

We are now going through previous statements that Russell has made about Musk — for instance, Russell says that the “age of abundance” Musk talks about with AI robots will be great for Musk because of his pay package with Tesla. Also that Russell would not recommend that Musk be an AI adviser for President Trump.

Elizabeth Lopatto
Elizabeth Lopatto
Oh now we have some meat.

The expert has testified in front of the US Senate about the dangers of open-sourcing AI systems. “If we open-source AI systems that are unsafe, we dramatically increase the risks,” Russell says. One of Musk’s contentions is that OpenAI is betraying its mission by not open-sourcing its models. Russell is now saying, in response to cross-examination, that open-sourcing can make it easier to remove safety guardrails that have been put in place. “It requires additional and very stringent safety measures.”

Elizabeth Lopatto
Elizabeth Lopatto
I am befuddled by this expert testimony.

I really have no idea what it adds to Musk’s case. It seems to just be a way of running out the clock — but why bother? Is it just a way of giving OpenAI less time to defend themselves?

Elizabeth Lopatto
Elizabeth Lopatto
We are dealing with the cross now.

It’s very boring. Mainly we are establishing that the expert witness provided no specific opinions on OpenAI’s safety.

Elizabeth Lopatto
Elizabeth Lopatto
Sure is lucky that mentions of Grok’s safety issues got limited.

Because otherwise, this would be the guy to ask about the nonconsensual undressing and MechaHitler. We are getting slowly to the point, I think — which is that Russell suggests safety concerns would slow AI development. “Each company individually feels it needs to be in this race,” he says. “That means they can’t stop and solve the safety problem, which I think some of their employees would like to do, but the overall company police is preventing them.”

Elizabeth Lopatto
Elizabeth Lopatto
We now have a very boring expert witness testifying to AI risks.

His name is Stuart Russell, and he’s getting $4,000/hr for his first 40 hours of working with the team (and $1,500/hr after that). Seems like an expensive way for Musk’s lawyers to run out the clock… Because while we are getting some testimony about AI risks, I don’t really understand how this is relevant to the dispute at hand.

Elizabeth Lopatto
Elizabeth Lopatto
Greg Brockman won’t be asked about Musk’s threat.

We’re going through motions before the jury arrives. The motion I highlighted earlier this morning has been denied; YGR says the time to bring in the threats from Musk was when Musk was on the stand.

Elizabeth Lopatto
Elizabeth Lopatto
Elon Musk tried to settle before the trial — and got threatening.

In response, Greg Brockman suggested both OpenAI and Musk drop their claims. Musk wasn’t interested. “By the end of this week, you and Sam [Altman] will be the most hated men in America,” he told them. OpenAI’s lawyers are trying to get the statement admitted to court as evidence that “Mr. Musk’s motivation in pursuing this lawsuit is to attack a competitor and its principals.”

Mia Sato
Mia Sato
Polymarket’s top 0.1 percent.

A Wall Street Journal analysis of 1.6 million accounts on the prediction market platform found that just 0.1 percent of accounts are raking in 67 percent of profits. Most Polymarket and Kalshi users are losing money — and the platforms continue to try to use journalists and influencers to bring in customers.

Richard Lawler
Richard Lawler
GameStop makes a $56 billion offer to buy eBay, doesn’t explain where the money will come from.

Former Chewy and current GameStop CEO Ryan Cohen says he plans to somehow create a competitor to Amazon “...worth hundreds of billions of dollars.”
GameStop said it has a commitment letter from TD Bank for $20 billion in debt financing, but where the rest will come from is unclear, with WSJ sources citing Middle Eastern sovereign-wealth funds as a possibility.

Richard Lawler
Richard Lawler
GameStonk’s next move: buy eBay?

The next step in the “finance is just another meme” movement will apparently include GameStop CEO Ryan Cohen making an attempt to acquire eBay.

While eBay’s market cap ($45 billion) is bigger than GameStop’s ($11 billion), the WSJ reports that GameStop has been buying eBay shares ahead of a potential offer, and notes that Cohen’s adjusted compensation package could pay him as much as $35 billion in stock for boosting its market value and profitability.

Elizabeth Lopatto
Elizabeth Lopatto
Is AI ruining… fashion?

There are compelling reasons to believe that slop is no longer just limited to the internet. From AI design tools to trend scraping and fast fashion… This video makes a compelling argument that AI plays a role in why so few fashion brands have unique identities anymore.

Larry’s risky business

Oracle’s betting everything on OpenAI. Will it pay off or pop the bubble?

Elizabeth Lopatto
Richard Lawler
Richard Lawler
Now that OpenAI’s Microsoft exclusivity is over, it has a new deal with Amazon and AWS.

The day after opening up its relationship with Microsoft and Azure, OpenAI announced an expanded deal with Amazon that brings its latest AI models, Codex, and other tools to AWS.

Ben Thompson interviewed OpenAI CEO Sam Altman and AWS CEO Matt Garman and said it seems clear that “OpenAI’s focus is going to be on AWS,” particularly with an eye toward the new Amazon Bedrock Managed Agents setup.

Richard Lawler
Richard Lawler
Brendan Carr is reportedly preparing to call in Disney/ABC’s broadcast licenses over Kimmel.

While the Trump administration’s attempt to take Jimmy Kimmel off the air was ultimately unsuccessful last year, the president is once again demanding his removal.

Now Semafor and CNN report the FCC is planning to “call in all of the TV station licenses for Disney/ABC for early renewal,” which would start a lengthy and potentially expensive process of hearings for the broadcaster that Carr has hinted at using before.

Update: And now that process has begun.

Richard Lawler
Richard Lawler
It’s not just the vibes that are off inside OpenAI.

It’s the numbers, too, according to a new Wall Street Journal report, which echoes The Information’s claim earlier this month that CFO Sarah Friar has expressed concern about its IPO plans and CEO Sam Altman’s datacenter spending.

It also says the company “missed an internal goal of reaching one billion weekly active users for ChatGPT by the end of last year,” and other revenue targets.

Jess Weatherbed
Jess Weatherbed
Is Letterboxd looking for a new owner?

Tiny — the movie-tracking social media platform’s controlling investor — has reportedly pitched its stake to potential buyers , including CNBC parent company Versant and Hollywood startup The Ankler. Tiny hasn’t modified much since it bought Letterboxd in 2023, but that could change under a new steward.

Dominic Preston
Dominic Preston
Trump is mad about the UK’s digital tax again.

He threatened to “put a big tariff on the UK” if it doesn’t drop its tax on the revenue of tech giants, despite the Supreme Court ruling that he can’t actually do that. The president still thinks the tax, which brought in £944m ($1.3bn) last year, unfairly targets US companies.

Spirit is broken

The ultra-low-cost carrier may soon disappear, taking 5 percent of domestic flights and 15,000 jobs with it. That will impact the way millions of people fly.

Darryl Campbell
You’re about to feel the AI money squeeze

Ads, rate limits, feature restrictions, price hikes. The AI free ride is over.

Hayden Field
Mia Sato
Mia Sato
Kalshi fined and banned three political candidates for insider trading.

The prediction market took action against a handful of congressional candidates: Ezekiel Enriquez (a Republican running in Texas); Mark Moran (an Independent in Virginia, who says he meant to get caught); and Matt Klein (a Democrat in Minnesota) for betting in markets related to their political races. Each was banned from the platform for five years and fined modest amounts ranging from several hundred to several thousand dollars.

Emma Roth
Emma Roth
Best Buy names a new CEO.

Jason Bonfig, Best Buy’s chief customer, product, and fulfillment officer, will take over for Corie Barry as CEO on October 31st, the company announced on Wednesday. Barry has served as CEO since 2019, and has contended with layoffs, stagnant sales growth, and tariff-related price hikes.

Mia Sato
Mia Sato
Illinois tightens rules around insider trading.

Governor JB Pritzker signed an executive order today dealing specifically with prediction markets like Kalshi and Polymarket. State employees were already barred from using insider information for personal gain, but this executive order specifically bans them from using it to make bets on prediction markets.

The SpaceX IPO is a trillion-dollar gamble on the future of space

It’s either a gilded pathway to the stars or a financial black hole.

Georgina Torbet
Silicon Valley has forgotten what normal people want

Inventing the future requires a future people want.

Elizabeth Lopatto
Richard Lawler
Richard Lawler
SpaceX is buying a lot of Cybertrucks.

Reporting from Bloomberg on how many Cybertrucks Elon’s other companies have been buying:

SpaceX, the Musk-led rocket and satellite maker, accounted for 1,279 — or more than 18% — of the 7,071 Cybertrucks registered in the US during the fourth quarter, according to registration data that S&P Global Mobility provided to Bloomberg News. The billionaire’s other ventures acquired another 60 vehicles during those months.

Elizabeth Lopatto
Elizabeth Lopatto
The Allbirds pivot to… meme stock?

Verge favorite Matt Levine weighs in on the New Allbirds Thing. The financing is the crucial part — so some “institutional investor” is “essentially buying $50 million worth of stock at the old, defunct-sneaker-company price, and selling it at the new, AI-neocloud-company price,” maybe. Neocloud market looking frothy, imo.

AIbirds

[Bloomberg]