OpenAI’s Custom AI Chip | 🛑 1,400 Fraud Sites Nuked | 💸 Binance Drops $45M Airdrop

Build a smarter HR budget for global teams

Deel’s free HR Budget Planning Guide helps you plan smarter, scalable HR budgets with benchmarks, best practices, and a global-ready checklist.

Build a Smarter HR Budget

OpenAI and Broadcom Team Up to Build Custom AI Chips

What Happened: OpenAI is designing its first in-house AI processors, with Broadcom handling development and deployment starting in late 2026. The companies plan to roll out 10 gigawatts of custom AI chip capacity—enough to power over 8 million homes. This move follows recent chip deals with AMD and Nvidia, as OpenAI aggressively builds its own infrastructure to meet soaring demand for AI services.

Why It Matters: By co-designing chips, OpenAI can optimize hardware for its models like GPT, boosting performance and efficiency. This vertical integration could reduce reliance on third-party suppliers and give OpenAI a long-term edge in the AI race. It also signals a broader industry shift where AI leaders are becoming hardware players.

German Authorities Shut Down 1,400 Cybertrading Fraud Sites

What Happened: German regulators and law enforcement, in a joint operation with Europol and Bulgarian authorities, shut down over 1,400 illegal websites involved in cybertrading fraud. Dubbed Operation Heracles, the crackdown targeted Eastern European domains that lured users to overseas brokers who promised high returns but never invested their money. Many victims took months to realize they’d been scammed.

Why It Matters: The scale of the operation shows how organized and tech-savvy these fraud rings have become—using AI to generate fake sites at scale. By dismantling the technical backbone, authorities hope to cripple these networks. This follows a similar takedown of 800 domains earlier this year, suggesting a sustained push against digital financial crime.

Grindr Insiders Explore Going Private Amid Financial Pressure

What Happened: Grindr’s top shareholders, Raymond Zage and James Lu, are in talks to take the company private after a stock slide triggered margin calls on their pledged shares. Fortress Investment Group is reportedly financing the deal, with a potential buyout price around $15 per share—valuing the company at $3 billion. The move follows Temasek seizing and selling some of their shares last week.

Why It Matters: Going private could stabilize Grindr after a 20% stock drop, despite solid profits. But it raises national security concerns—Grindr was previously owned by a Chinese firm and sold in 2020 over data privacy fears. With Zage now a Singaporean national and Lu a Chinese-born US citizen, scrutiny will be intense. The deal could reshape how sensitive user data is governed in tech M&A.

👾 My Software Stack

The concept of Manychat is easy: get rid of manual work on Instagram and use automations to make money. Use the link to get one month of the pro subscription for free.

*This is an affiliate link, so I would get a small commission if you use the tool.

Big Tech steadied after Friday’s Trump-induced wobble, with AI infrastructure stocks like Broadcom surging 12% on the OpenAI news.

Startups remain in fundraising limbo, but AI chip demand is red-hot—OpenAI’s Broadcom deal adds to its AMD and Nvidia commitments, signaling no slowdown in compute spending.

The real story is in crypto: mining stocks like Bitfarms and Cipher Mining rallied hard after Trump walked back his tariff threats.

Meanwhile, Binance’s $45M airdrop and $283M loss coverage show exchanges are now acting like central banks—bailing out users to maintain trust.

Binance Launches $45M Airdrop for Memecoin Traders After $20B Crash

What Happened: BNB Chain is distributing $45 million in BNB tokens to over 160,000 memecoin traders affected by Friday’s historic $20 billion crypto market crash. The “Reload Airdrop,” supported by PancakeSwap and Trust Wallet, begins this week and runs into November. Binance also covered $283 million in user losses from the depeg of assets like USDe, which briefly crashed on its platform.

Why It Matters: This is the largest user relief effort in crypto history—effectively a bailout to restore confidence. By randomizing rewards and backing failed positions, Binance is treating its ecosystem like a financial system that must be stabilized. It’s a bold play to retain loyalty amid growing scrutiny over exchange practices during volatility..

Bitcoin Miners Rebound After Trump Walks Back China Tariff Threat

What Happened: Bitcoin mining stocks like Bitfarms and Cipher Mining surged by double digits after President Trump clarified his comments about 100% tariffs on China. The sell-off Friday—triggered by Trump’s misunderstanding of Chinese export controls—led to a $19 billion crypto liquidation. But after Trump said “Don’t worry about China, it will all be fine,” and Treasury Secretary Scott Bessent downplayed the tariffs, miners led the recovery.

Why It Matters: The episode shows how tightly crypto markets are tied to geopolitical rhetoric. Miners, often seen as high-beta plays on Bitcoin, absorbed the panic and bounced the hardest. It also highlights market fragility—Hyperliquid alone saw $10.3 billion in liquidations. With Trump back in the White House, expect more volatility driven by one Truth Social post.

✅ orchids.app — The AI Full Stack Engineer

✅ plane.so — AI-native project management

✅ replyke.com — Open-source infra for user-created content & social graphs

✅ traycer.ai — Plan-first AI coding for real codebases

✅ bloxie-app — Regain control over your life

Got a killer link we missed? Hit reply and share the goods. 💌