Author: Deep Tide TechFlow

AI / Large Models

OpenAI Secures $11 Billion in Funding, Valuation at $1.25 Trillion

Bloomberg confirms that the funds were wired last Friday, with total financing potentially reaching $20 billion. SoftBank is negotiating to invest hundreds of millions, but compared to the $12.2 billion raised at the $852 billion valuation in March, this round is noticeably more cautious.

Source: Bloomberg | The New York Times

Gemini Omni 1.2 Flash Released, HN Discussion at 231 Comments

Google has launched a new generation of multimodal models, reaching a Hacker News score of 342. Community focus is on speed improvement and cost control, but there is considerable controversy over the specific benchmark performance.

Source: Google Blog

Claude Helps Scientists Unravel Mysterious 3D Structure of "Dome Particle"

This is the first time the hollow protein shell structure encoded by bacteriophage viruses has been analyzed, with a score of 470 on r/artificial. AI-assisted protein structure analysis is evolving from AlphaFold predictions to experimental validation.

Source: Reddit

DeepSeek Crashes Again on November 7, Zhihu Heat at 2.23 Million

Users have reported service unavailability, with DeepSeek having faced similar problems multiple times before. The community is starting to question whether its infrastructure stability can keep pace with traffic growth.

Source: Zhihu

> Hot Comment: OpenAI's valuation triples in a year, DeepSeek crashes three times in a year. One survives on funding, while the other generates power from love.

Encryption / Web3

Binance Hack Went Undetected for 8 Weeks

Security Alliance estimates that the attacker was lurking for 8 weeks before stealing $630 million. This explains why the hacker was able to precisely control the multi-signature wallet, disproving claims of "cold wallet security" once again.

Source: Cointelegraph

Monetary Authority of Singapore Responds to Binance Incident: Cryptocurrency is Not Suitable for the General Public

A MAS spokesperson stated that Binance was not authorized to provide financial services in Singapore and warned that even transactions through licensed institutions could not completely prevent losses from inherent risks of crypto assets. This comes as another major financial center publicly cuts ties with Binance after the U.S.

Source: Wu Blockchain

China's Central Bank Halts Solana Promotion Activities in Shanghai and Launches Investigation

The Block reported that the activities violated China’s cryptocurrency ban. Lily Liu, chair of the Solana Foundation, previously attributed the delay to exceeding the number of registrants, but the central bank's characterization is entirely different, marking a clear breach of regulations for foreign public chains marketing in mainland China.

Source: The Block

Forbes: Banks Face Crypto Security Scrutiny, Binance's $6 Billion Hack is a Trigger

The security of interfaces between traditional financial institutions and crypto platforms has become a new regulatory focus. Banks provide fiat channels to crypto exchanges, but liability determination becomes murky when issues arise.

Source: Forbes

Greece Passes Crypto Tax Law: 10% Capital Gains, 15% on Staking and DeFi Income

This is one of the few EU member states to set separate tax rates for DeFi income. The higher tax rate on staking income than ordinary capital gains reflects regulators’ perception that passive income is closer to "income" rather than "investment return."

Source: Decrypt

Chips / Hardware

About 600,000 Nvidia Chips Stuck in Hong Kong, U.S. Accuses of "Choking"

Zhihu heat at 3.42 million. These chips are believed to be advanced process products, transiting through Hong Kong to mainland China. U.S. intelligence agencies consider this a key channel for circumventing export controls, but Hong Kong's legal status as a free port makes enforcement extremely difficult.

Source: Zhihu

U.S. Intelligence Agencies Claim Jensen Huang is in a Relationship with Suspected Chinese Spy

FT reports citing intelligence sources that Nvidia CEO has an intimate relationship with a female executive recruited by China. This is a rare allegation as the U.S.-China tech war escalates from chip controls to the personal level; Nvidia has not yet responded.

Source: FT | The Verge

> Hot Comment: The chip war has reached this point, even a CEO's private life has become a national security issue. Will the next step be investigating if Huang's cat is of Chinese breed?

Microsoft Terminates AI Computing Lease with Oracle, Oracle's Stock Falls Over 3%

Microsoft believes that the old Nvidia chips on Oracle servers no longer meet technical specifications. Oracle responds that old GPUs still have a market, but the capital market disagrees, and Oracle's stock price has halved from its peak, with high capital expenditures leading to negative free cash flow.

Source: Wall Street Watch | ZeroHedge

Tech Companies

Tesla Halts Cybertruck Production, Shifts to Cybercab

NBC reports that Cybertruck has had poor sales for years, prompting Tesla to decide to stop production and redirect capacity to the self-driving taxi Cybercab. HN reports 1884 comments, marking the highest discussion volume of the day; Cybertruck has gone from "the car of the future" to "a failed experiment" in just three years.

Source: NBC

> Hot Comment: Musk has finally admitted that the stainless steel coffin isn't selling. From Cybertruck to Cybercab, there's an entire bubble burst between the two launch events.

Google Acquires Crusoe Wyoming Data Center Project

Crusoe previously encountered financial and construction difficulties with this project. After Google took over, it continued to expand, showing that large-scale vendors are still buying up data center land, while small and medium-sized developers are being forced out.

Source: TechCrunch

Anthropic IPO Roadshow Next Week, Valuation Expectations Shrink from $1.5 Trillion to $1 Trillion

The recent sell-off in the AI sector has directly impacted Anthropic's pricing power. Slashing from $1.5 trillion to $1 trillion represents a one-third decrease, but even so, it is still one of the largest IPOs in tech history.

Source: Bloomberg

U.S. Stocks

Non-farm Payrolls Surpass Expectations, Wall Street's "Post-Election Optimism" Quickly Disproven

October non-farm payrolls added 165,000 jobs, and the unemployment rate fell to 4.1%. The market bets over 80% on a rate hike in December. The "New Federal Reserve News Agency" notes that AI sell-offs could become a variable in policy considerations—if tech stocks crash and tighten financial conditions, the Federal Reserve might be forced to adopt a more dovish stance.

Source: Wall Street Watch | Wall Street Watch

AI Concept Stocks Stop Falling and Rebound, AMD Up 11%, Nasdaq Up 1%

Chip stocks saw a technical rebound, but still faced a four-week decline. Cloudflare rose over 20% in pre-market trading due to an upgraded full-year profit forecast, while IREN climbed over 16% because AI cloud revenue surged 182% quarter-on-quarter. There is a clear divergence: those with actual revenue rose, while pure concepts continued to fall.

Source: Financial Link | Wall Street Watch

New Products / New Trends

Revenue from "Shadow Blade Zero" Overseas Accounts for 55%, Wuxia Games Sell Better in Europe and America Than at Home

Zhihu heat at 1.05 million. This domestic Wuxia game breaks the stereotype of "cultural going out difficulties," showing that high-quality action games can transcend cultural barriers in the European and American markets.

Source: Zhihu

Starlink Mobile Becomes SpaceX's Next Battleground

The Verge summarizes SpaceX's mobile operator plans, aiming to allow ordinary mobile phones to connect directly to satellite networks. If successful, traditional telecom operators' investments in ground stations will face existential threats.

Source: The Verge

Today's Dark Lines

The "de-bubbling" of the AI industry is shifting from valuation levels to actual operations: Microsoft cuts the Oracle computing lease, Crusoe sells the data center to Google, and Anthropic's IPO valuation shrinks by $500 billion. Meanwhile, OpenAI proves that top players can still secure funding with a valuation of $1.25 trillion and $11 billion in funds received, but money is flowing from "story" to "balance sheet."

Jensen Huang's private life is under scrutiny by intelligence agencies, while 600,000 chips are stuck in Hong Kong—these seemingly isolated incidents point to the same trend: the AI race has become thoroughly politicized. Chips are no longer just commodities, CEOs are no longer just entrepreneurs, and data centers are no longer just infrastructure. Every link in the AI industry is being repriced by geopolitical factors.

Meanwhile, the time window Trump faces post-election, deciding within 8 weeks whether to take action against Iran, creates a strange resonance between burning tankers in the Strait of Hormuz and the AI sell-off in Silicon Valley: when macro uncertainties meet a tech bubble burst, everyone is asking the same question: should we hold cash now, or should we buy the dip?