🚀 AI Servers Power Foxconn’s Record Quarter | 🎬 OpenAI Lets Content Creators Control Sora | 🛰️ Bezos Envisions Data Centers in Space

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Foxconn’s AI Boom, iPhone Dip

What Happened: Foxconn, the world’s largest contract electronics maker and Apple’s top iPhone assembler, reported a record third-quarter revenue of T$2.057 trillion (RM285 billion), an 11% year-on-year jump, fueled by surging demand for AI servers. On a US dollar basis, revenue rose 16.1%, reflecting the Taiwan dollar’s 8% strengthening against the greenback. While the result missed the LSEG SmartEstimate of T$2.134 trillion, the company called it “better than expected”.

Why It Matters: The cloud and networking division, which produces servers for Nvidia, saw robust growth, while smart consumer electronics, including iPhones, posted a slight revenue decline due to exchange rate impacts. September alone hit a record T$837.1 billion in revenue, up 14.2% YoY. Looking ahead, Foxconn expects sequential growth in Q4 as AI server shipments ramp up, though it warned of ongoing risks from global political and economic shifts

OpenAI Gives Creators the Reins on Sora

What Happened: OpenAI is rolling out new controls for its Sora AI video app, allowing copyright holders to block or permit the use of their characters in AI-generated content. The company also plans a revenue-sharing model for those who opt in, a strategic move to address growing concerns over AI and copyright. CEO Sam Altman acknowledged the framework will take “some trial and error” but aims to launch it soon.

Why It Matters: This update comes as users generate more niche video content than anticipated, prompting the need for monetization. Sora, launched publicly last year, competes with Meta’s Vibes and Google’s text-to-video tools. By empowering creators, OpenAI hopes to foster trust while expanding its multimodal AI ecosystem

Bezos Bets Big on Orbital Data Centres

What Happened: Jeff Bezos predicts gigawatt-scale data centres will be built in space within the next 10 to 20 years, leveraging 24/7 solar power to outperform Earth-based counterparts. Speaking at Italian Tech Week, the Amazon founder said these orbital hubs would be ideal for AI training clusters, free from clouds, rain, or weather disruptions.

Why It Matters: Bezos sees this as part of a broader trend—following weather and communication satellites—with space-based manufacturing next in line. However, challenges include high launch costs, maintenance difficulties, and upgrade limitations. If solved, space data centres could revolutionize how we power the digital world.

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Big Tech is riding the AI wave, with FAANG stocks holding steady as investors bet on infrastructure over apps. The Startup Thermometer shows VC funding cooling down 40% YoY—but capital is increasingly funneled into AI infrastructure and data centers.

Infrastructure Watch highlights a $320 billion 2025 spend by Microsoft, Alphabet, Amazon, and Meta on AI tech, up from $230 billion last year. Meanwhile, the Wild Card is space: Bezos isn’t alone—multiple tech giants are exploring orbital computing, betting solar efficiency will offset launch costs

Bitcoin Breaches $125K Amid “Debasement Trade”

What Happened: Bitcoin surged past $125,000, hitting a new all-time high of $125,689, as investors flocked to safe-haven assets during the US government shutdown. This “debasement trade” reflects fears of dollar weakening, with equities, gold, and even Pokémon cards also hitting records.

Why It Matters: The rally, dubbed “Uptober,” has lifted Bitcoin’s value by over 30% this year, driven by ETF inflows and corporate adoption led by Michael Saylor’s Strategy. Standard Chartered’s Geoff Kendrick noted Bitcoin is now “in a different place” compared to the 2018–2019 shutdown, moving in tandem with traditional risk assets. With US equities also at record highs, the crypto market’s momentum shows no signs of slowing.

Solana Emerges as Wall Street’s Blockchain of Choice

What Happened: Bitwise CIO Matt Hougan declared Solana the “new Wall Street,” positioning it as the go-to platform for stablecoins and real-world asset tokenization. Financial institutions, he said, find Bitcoin “ephemeral” but see clear value in tokenized finance, where Solana’s speed and low latency—down to 150 microseconds—make it “extraordinarily attractive”.

Why It Matters: The network’s fast unstaking period gives it an edge over Ethereum, especially for ETFs needing quick asset returns. With major players eyeing stablecoin innovation, Solana could redefine how markets operate, blending traditional finance with blockchain efficiency

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