Binance will shut down its Bitcoin mining pool on November 10, bringing an end to its six-year mining operations.

Applied Materials, the world’s largest semiconductor equipment manufacturer, has officially inaugurated the EPIC Semiconductor R&D Center. Located in Sunnyvale, California, the project is expected to have a total investment of $5 billion, aimed at accelerating innovation in advanced chip technology for the AI era. Spanning approximately 600,000 square feet, the EPIC Center will host research teams from industry giants including Intel, TSMC, Micron, SK Hynix, and Samsung, who will collaborate with Applied Materials engineers on R&D and gain early access to the latest semiconductor manufacturing equipment. Applied Materials noted that the center is expected to cut the cycle for next-generation chip architectures from concept development to commercialization, from the usual 10 to 12 years to as little as 6 years. The facility is primarily for R&D rather than mass chip production, so it does not signal a direct near-term resurgence in U.S. chip manufacturing capacity, but is expected to strengthen Silicon Valley’s competitiveness in advanced semiconductors and AI chips. Applied Materials’ U.S. shares closed 2.88% lower on Tuesday, turned positive in after-hours trading, and are now up 0.74%, with its market capitalization rebounding to $8.3 billion.

Beating AI Insight News: 35-year-old Saudi national and OpenAI engineer Abdulrahman Alfozan was arrested by the FBI on October 9, suspected of installing a hidden recording device in an executive conference room at OpenAI’s San Francisco headquarters. The U.S. Department of Justice said he is charged with using or attempting to use a device to intercept oral communications, and if convicted, faces up to five years in prison and a $250,000 fine. According to the criminal complaint, company employees discovered an encrypted recording device behind a television in the conference room around September 30. Prosecutors noted the suspect previously used internal company tools to look up the firm’s office address, conference rooms, and executive meeting schedules; a chatbot account linked to his spouse also asked how to build, hide, and remotely access a continuous recording device. OpenAI stated that it used its own models to analyze the device and its source, ultimately identifying the employee involved, and has fired him. To date, the company has found no evidence that the suspect accessed or stole model weights, source code, or customer data without authorization. The FBI is still investigating the case, with the next detention hearing scheduled for October 19.

Beating AI News Flash: Autonomous driving software firm Applied Intuition has received multiple funding offers valuing it at no less than $30 billion, doubling its valuation from June this year, with at least $10 billion in financing expected to close in the coming months. The company’s growth is driven primarily by strong performance and business expansion. According to a July disclosure from investor Andreessen Horowitz, Applied Intuition’s annual recurring revenue (ARR) reached $400 million by the end of 2024, with annual growth doubling year-over-year in recent years. Applied Intuition specializes in providing advanced driver-assistance systems (ADAS), autonomous driving development and testing software, and vehicle operating systems for automakers, counting Volkswagen, Honda, Nissan, and others among its clients. The firm has also expanded its business into autonomous military vehicle technology, and launched an AI agent tool called Dana this summer, which is used to automate development workflows for physical AI and vehicle control systems.

Citadel Securities’ Head of Stock and Derivatives Strategy Scott Rubner noted in a new research report that last week, retail investors net bought $9.1 billion worth of U.S. stocks via the platform, marking the largest single-week net buying record in nearly 15 years. The funds primarily flowed into AI-related stocks and ETFs. Semiconductor stocks saw a net purchase of around $2.6 billion, while AI infrastructure-related stocks recorded a net buy of roughly $2.4 billion. Rubner explained that this round of buying reflects increased directional bets by retail investors, not a rise in overall trading activity: retail buying volume exceeded selling volume by 2.7%, with directional skew at the roughly 90th percentile over the past year, while overall trading activity was only at the 42nd percentile. Earlier, Rubner had predicted retail funds would re-enter the market in October. The latest data also shows that despite lingering concerns over an AI bubble, retail investors are still piling into the AI and semiconductor sectors.

Per HTX market data, the Ethereum Layer 2 (L2) concept sector is rallying broadly. Key tokens in the space posted the following 24-hour gains and market cap updates: OP surged over 24%, lifting its market capitalization to $685 million; ZK rose more than 12%, with its market cap standing at $196 million; ARB climbed over 8%, hitting a market cap of $1.806 billion; MANTA gained over 7%, pushing its market cap to $50 million.

According to Bitget market data, South Korea’s KOSPI index rose 2.08% intraday to 6,162 points. Japan’s Nikkei 225 index gained 0.31% intraday, currently trading at 67,985.47 points.