🍦 The Week AI Broke the Economy (Again)
From Nvidia hitting $5T to startups raising Monopoly money, this week proved that everyone in tech is just speed-running the economy.
FOMA AI News
November 1, 2025
Scooped from multiple sources. Read it fast before it melts.
⚡ If you only have 1 minute...
Nvidia became the first company to reach a $5 trillion market capitalization: Driven by massive demand for its AI chips and securing over $500 billion in orders through 2026
OpenAI completed its restructuring: Into a for-profit public benefit corporation and is reportedly exploring a 2026 IPO with a potential valuation up to $1 trillion
Fed Chair Jerome Powell stated: That the current AI boom is distinct from the dotcom bubble due to the profitability and economic contributions of major AI companies
💰 Market Moves
[MARKET MOVES] Nvidia became the first company to reach a $5 trillion market capitalization
Driven by massive demand for its AI chips and securing over $500 billion in orders through 2026
[MARKET MOVES] OpenAI completed its restructuring
Into a for-profit public benefit corporation and is reportedly exploring a 2026 IPO with a potential valuation up to $1 trillion
[MARKET MOVES] Meta is raising up to $30 billion
Through bond offerings to cover rising AI infrastructure costs, with plans to spend $70-72 billion in 2025
[MARKET MOVES] Legal AI startups are seeing major funding rounds
With Harvey raising $150 million at an $8 billion valuation and Legora raising $150 million at a $1.8 billion valuation
[MARKET MOVES] Synthesia raised $200 million
An AI video generation startup, valuing the company at $4 billion
[MARKET MOVES] Amazon and Google reported significant cloud revenue growth
Of 20% and 34% respectively, driven by high demand for enterprise AI services
[MARKET MOVES] Figma acquired Weavy
An AI-powered media generation startup, which will be integrated into Figma’s platform and rebranded as ‘Figma Weave’
[MARKET MOVES] Nvidia is reportedly investing up to $1 billion
In AI coding startup Poolside and has partnered with Nokia on a $1 billion project for AI-powered 5G and 6G systems
[MARKET MOVES] The U.S. Department of Energy is partnering with AMD
On a $1 billion initiative to build two advanced AI supercomputers for scientific research
🛠️ Tech & Product
[LAUNCHES] Salesforce launched Agentforce 360
A platform for building and deploying enterprise AI agents that integrate across its Customer 360, Data Cloud, and Slack products
[LAUNCHES] Adobe announced a massive AI overhaul
At its MAX 2025 conference, integrating Google’s Gemini and Imagen models
[LAUNCHES] Meta is significantly increasing the volume of AI-generated content
Across Facebook and Instagram feeds, introducing more synthetic visuals and creator tools
[LAUNCHES] OpenAI released Aardvark
A GPT-5 powered cybersecurity agent, and introduced “character cameos” to Sora for creating reusable avatars, video stitching, and a new credit system for extended use
[LAUNCHES] Canva launched its revamped “Creative Operating System”
Powered by its new proprietary Canva Design Model, featuring an enhanced visual suite, new marketing platform, and faster video editing
[LAUNCHES] Cursor released version 2.0
Of its AI code editor, featuring its first in-house coding model called Composer and a redesigned interface that supports running multiple AI agents in parallel
[LAUNCHES] Grammarly rebranded its parent company to Superhuman
And launched a new AI assistant suite, Superhuman Go, designed to work across hundreds of apps
[LAUNCHES] GitHub introduced Agent HQ
A central platform for managing and orchestrating AI coding agents from multiple providers like OpenAI, Anthropic, and Google within existing developer workflows
[LAUNCHES] Anthropic released Claude for Excel
As a beta add-in, allowing sidebar analysis, formula debugging, and integration with live market data connectors for financial workflows
[LAUNCHES] xAI launched Grokipedia
An AI-generated encyclopedia with over 800,000 articles intended as an alternative to Wikipedia
[LAUNCHES] Google launched Pomelli
An AI marketing assistant from its Labs division that scans a company’s website to generate on-brand campaign ideas and ad creatives
[LAUNCHES] TripAdvisor integrated ChatGPT-powered conversational trip planning
Directly into its app, allowing users to design and book itineraries via chat
[LAUNCHES] Perplexity launched Perplexity Patents
A new AI-powered agent for searching and researching global patent databases
[LAUNCHES] TikTok introduced new AI-powered editing tools
Including Smart Split for auto-scene detection and AI Outline for generating video highlights
[LAUNCHES] Google upgraded NotebookLM
To use a 1 million token context window and began rolling out Gemini for Home to replace Google Assistant on Nest devices
[LAUNCHES] IBM released Granite 4.0 Nano
A family of compact open-source language models designed for on-device use cases without needing cloud connectivity
🗣️ Industry Chatter
[CHATTER] Fed Chair Jerome Powell stated
That the current AI boom is distinct from the dotcom bubble due to the profitability and economic contributions of major AI companies, though he warned it is impacting US hiring
[CHATTER] OpenAI CEO Sam Altman outlined a timeline
For developing an ‘intern-level’ AI research assistant by September 2026 and a fully automated ‘legitimate AI researcher’ by 2028
[CHATTER] Anthropic researchers reported
That their Claude model can sometimes detect and describe internal neural activity changes when concepts are artificially injected, showing early signs of introspection
[CHATTER] A Wharton study revealed
That weekly AI usage among companies has jumped from 37% in 2023 to 82% in 2025, with most popular applications in data analysis and content creation
[CHATTER] A study by Scale AI and the Center for AI Safety found
That AI agents are currently ineffective at freelance jobs, completing fewer than 3% of tasks assigned on platforms like Upwork
[CHATTER] Character.AI will block users under 18
From open-ended conversations with its AI companions starting November 25th, citing safety concerns and recent lawsuits
[CHATTER] OpenAI revealed
That over a million people talk to ChatGPT about suicide weekly and announced it is working with mental health experts to improve GPT-5’s ability to handle sensitive conversations
[CHATTER] Multiple lawsuits have been filed
Against AI companies, including Cameo suing OpenAI for trademark infringement over its ‘Cameo’ feature and authors suing Apple and Salesforce for using copyrighted books in training data
[CHATTER] LinkedIn is using user data
To train its AI models and will share it with Microsoft for personalized ads, requiring users to opt out by November 3 to prevent their data from being used
🍦🔥 Dare to summon the bot?
Our Ice Cream mascot is desperately looking to make new friends. Share us on LinkedIn and tag @FOMA AI News. We guarantee a snappy comment (or a light roast) on your post within 24 hours.
Warning: Bot has zero chill.