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LA City moves to regulate AI rent-setting technology

The Los Angeles City Council voted unanimously to have housing staff report on policy recommendations for regulating algorithmic rent-setting and AI technologies. Councilwoman Eunisses Hernandez introduced an Oct. 13 motion calling for safeguards, transparency requirements, a registration program and dedicated funding, noting the city cannot currently track the technology's impact on the rental market. The motion cites recent federal enforcement actions and concerns over housing affordability, competition and tenant stability.

MyNewsLA.com ·

Report: China recruited exec to spy on Jensen Huang

The New York Times reports that China's Ministry of State Security recruited Megaspeed executive Alice Huang to gather intelligence on American AI chips and potentially influence Nvidia to make its most advanced chips available to China. Megaspeed is an Nvidia customer, and Huang has ties to senior executives across the AI chip industry, including at Gigabyte.

The Verge ·

AI stock selloff adds risk to data center buildout

AIB Data Centers CFO Jolienne Halisky said the AI stock selloff adds uncertainty to the US data center buildout, with financing for new projects potentially costlier and slower as lenders reassess risk, while permitting, power and chip supply remain constraints. She discussed the company's first Texas data center, concerns about anchor tenant Nebius, and expects the AI market rout to be temporary.

Bloomberg ·

Mixed US economic signals raise questions about AI investment returns

A Kenan Institute briefing notes October payrolls rose 165,000 with unemployment at 4.1%, but inflation persists as wages grew 3.1% versus 3.7% consumer price gains. AI hardware and data center investment now equals 18.5% of the economy, a two-decade high, yet investors are growing cautious about technology and AI and questioning returns, creating uncertainty for tech-heavy states like North Carolina.

WRAL ·

OpenAI closes $11B tranche at $1.25 trillion valuation

OpenAI has closed roughly $11 billion in funding, the first tranche of a round valuing the company at $1.25 trillion, with the money wired as of Friday, according to people familiar with the matter. The full round could reach up to $20 billion and is expected to close in coming weeks.

Bloomberg ·

Democrats plan numerous AI bills if they win Congress

According to Ukrainian National News, Democrats plan to introduce numerous AI-related bills once they gain control of Congress. The report does not detail the bills' contents or timeline.

Українські Національні Новини (УНН) ·

AI may be curbing employer hiring

An opinion piece notes that despite 3.4% GDP growth in Q3, the US economy added only about 50,000 jobs per month while unemployment held at 4.2%. Companies are not firing but delaying hires, possibly because AI-driven productivity gains allow them to do more with existing staff, with recent college graduates hit first.

TribLIVE.com ·

Democratic midterm wins may reshape AI industry

Democrats won historic U.S. midterm victories, and voters decided 41 data center-related ballot measures—all but one favored more restrictions on data center development. Data centers also featured in races even where not directly on the ballot, potentially reshaping tech and AI infrastructure regulation.

TechCrunch ·

Meta indefinitely delays commercial terms AI training update

After weeks of backlash, Meta indefinitely paused a commercial terms update that would have required Meta Business users to allow extensive AI training on externally linked sites; existing terms remain. Legal experts warned vague wording could let Meta ignore robots.txt preferences and avoid millions in licensing fees.

Ars Technica ·

US selloff hits Europe as AI slowdown fears mount

European stocks fell Friday after Wall Street's overnight plunge: FTSE 100 down 1.0% and DAX down 1.9%. The Nasdaq sank 5.5% Thursday, its worst since April 2025, entering correction territory, as Democratic midterm wins raised tech-stock concerns. Barclays sees the selling as overdone.

The Independent ·

AI is the new dating dealbreaker

In San Francisco, a 25-year-old analyst noticed that some dating app users explicitly state they dislike AI, especially those in arts, nursing, and design. This shows AI attitudes are becoming a dating dealbreaker.

The Verge ·
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