Bubble or not quite? How energy costs work against AI companies
Current revenues of AI companies may not justify the huge computing expenses. This statement was made by HSBC CEO Georges Elhediri at the Global Investment Summit of financial leaders in Hong Kong, CNBC reports.
In July, Mor analysts

The Ethereum Foundation has relaunched its grant program with a proactive approach to support projects. The new structure includes two pathways: "Wishlist" and "Requests for Proposals (RFPs)" to prioritize funding effectively. Funding amounts will be determined case by case.

Market participants named the next target for Bitcoin at the level of $92 000.
The price of the first cryptocurrency has dropped below the level $104 000 amid the capitulation of new buyers. The next target could be the mark $92 000, believes crypto analyst Ted Pillows.
> $BTC is in absolute free fall right now.
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Berachain Foundation initiated an emergency hard fork following a $128 million hack of Balancer. The vulnerability in the BEX exchange led to significant losses. The hard fork will block stolen tokens and prevent further attacks, with plans for enhanced security measures post-recovery.

The doNONdo project has announced the creation of the world's first nomadic digital state, State Without a State (SWS), set to be proclaimed on November 5. This initiative promotes a collective practice of inactivity and aims to empower self-determination for all beings.

Ripple has acquired wallet developer Palisade to enhance Ripple Custody, expanding its services to fintech companies and corporations. This integration leverages advanced technology for secure, efficient asset management and payments.

The head of Microsoft's AI department called for not attributing consciousness to neural networks.
Only biological beings are capable of consciousness. Developers and researchers must stop working on projects that suggest otherwise, said Microsoft's AI chief Mustafa Suleyman in a conversation with CNBC.
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CoinShares' research head, Christopher Bendiksen, counters the liquidity crisis narrative in Bitcoin, emphasizing that liquidity assessment hinges on total dollar value rather than just coin quantity. He argues that liquidity remains ample, bolstered by Bitcoin ETFs, and dismisses fears of inadequate supply.

Mining firm IREN has signed a $9.7 billion AI Cloud contract with Microsoft, which includes deploying NVIDIA GB300 GPUs. This collaboration aims to enhance IREN's cloud AI capabilities and has led to a significant increase in its stock value.

A recent survey reveals 80% of U.S. electricity consumers worry about rising power costs due to data centers. Concerns include increasing tariffs and insufficient energy infrastructure as demand from commercial users grows. This comes amid instability, with many experiencing outages affecting their lives.

Tesla will unveil a "flying car"
Elon Musk hinted at the release of a flying Tesla car by the end of 2025. He mentioned this in Joe Rogan's podcast.
They discussed the death of a former OpenAI employee, the replacement of jobs by robots, the AI future, and other topics.
Flying Tesla
Musk reported that

Riot called Bitcoin mining "not a goal, but a means" for the company.
By the end of the third quarter, the net profit of the mining company Riot Platforms reached $104.5 million with a total record revenue of $180.2 million.
> Riot Platforms Reports Third Quarter 2025 Financial Results and Strategic