In October, US companies announced a staggering 153,074 job cuts, marking the highest number in over 20 years and tripling the layoffs from October 2024. This surge in layoffs is largely attributed to the rapid advancements in artificial intelligence, which are reshaping industries and prompting companies to cut costs. This trend is concerning as it highlights the impact of technology on employment, raising questions about job security and the future of work.

In October, the manufacturing sector experienced a significant contraction, marking the eighth consecutive month of decline. This downturn is characterized by a return to declining production levels and a faster contraction of inventories. This trend is concerning as it indicates ongoing challenges within the manufacturing industry, which could have broader implications for the economy and employment.

Hon Hai Precision Industry Co., known for manufacturing Nvidia servers, has reported an impressive 11.3% increase in revenue for October. This growth highlights the ongoing strong demand for AI accelerators, which are becoming increasingly vital in various industries. As companies continue to invest in AI technologies, Hon Hai's performance reflects a broader trend in the tech sector, making it a significant player in the market.

In an exciting development for tech enthusiasts, DDR5 memory speeds have soared to a staggering 13,576 MT/s, with overclockers like Sergmann setting and breaking records in just hours. This rapid advancement showcases the incredible potential of DDR5 technology, which is crucial for enhancing performance in gaming and high-performance computing. As these records continue to tumble, it highlights the competitive spirit within the overclocking community and the ongoing innovation in memory technology.

A recent announcement from Stardust, an American-Israeli company, revealed it raised $60 million for its solar geoengineering technology. While this funding marks a significant milestone for the startup, concerns arise about the implications for scientific integrity and public trust in geoengineering efforts.

October saw a surge in startup funding, with investors globally contributing $39 billion to various early- and late-stage companies. This increase compared to last year highlights a robust interest in innovation, despite a slight dip from the previous month. Notable recipients like Reflection, Polymarket, Crusoe, and Base Power are set to leverage this capital for growth, which is crucial for driving technological advancements and economic recovery.