build

SpaceX plans to build a $50 billion supercomputing campus in Arizona, which will create 6,500 jobs.

SpaceX plans to invest over 24 billion dollars in the Rio Grande Valley for the construction of new supercomputing infrastructure.

A security research organization, Claroc, discovered that among the 37,571 online applications created by Grok Build, 35,578 (approximately 94.7%) can be accessed without logging in, with an estimated 650 to 800 of them involving private or sensitive data. The exposed information includes internal corporate documents, medical records, employee information, and plaintext passwords, involving six Fortune 500 companies.Among them, 24 applications were created by employees of Elon Musk's SpaceXSI and X, involving internal sales plans, customer data, and confidential advertising proposals aimed at U.S. federal agencies. Researchers pointed out that Grok application sharing links can be discovered through DNS records, and some applications lack access controls. SpaceXSI has removed the 24 applications related to itself, but applications related to other users are still accessible.

On November 12, Baidu founder Robin Li stated at the opening ceremony of Baidu World 2026 that the decade from 2016 to 2026 is the decade when artificial intelligence technology forms an independent technology stack, and the "Chip Cloud Model" four-layer architecture gradually takes shape during this period. He predicts that the next chapter of artificial intelligence is intelligent organizations, which differ from the current hierarchical system of AI-native organizational structures. "If artificial intelligence is the new electric power, then intelligent organizations are the new factories of the AI era, where true productivity occurs."Robin Li proposed the "Three Principles of Organizational Evolution": breaking down job boundaries to unleash organizational vitality; accumulating tacit knowledge to build organizational intelligence; designing closed-loop processes to promote organizational evolution. He believes that future jobs will not disappear but will converge, roughly divided into two categories: Builders responsible for creating new things, and Sellers responsible for interpersonal communication and trust-building.According to his disclosure, in the past year, the average daily active intelligent agents within Baidu grew from 5,000 to 37,000, with the number of effective tasks completed by intelligent agents per week increasing from 84,000 to over 1 million, and 4,300 Workspaces have been established, accumulating over 20,000 organizational Skills.

This week, the New York Stock Exchange chose Avalanche to provide infrastructure for its upcoming tokenized securities platform. On Monday, Ava Labs announced that Avalanche will serve as the "core ledger technology" for the tokenized securities platform being developed by the NYSE's parent company, Intercontinental Exchange. The product is designed to support 24/7 trading, clearing, and settlement of tokenized securities, pending regulatory approval.Market maker GSR research analyst Carlos Guzman stated that this is a "significant victory for the project," as the NYSE's choice of its technology for settlement greatly enhances institutional credibility and validates the value that blockchain technology brings to traditional financial infrastructure through instant settlement and programmability. Luther Maday, North America head of crypto payment company Mercuryo, mentioned that this decision was made after approximately a year of testing on Avalanche, indicating that the network has passed tests for performance, reliability, and control.Experts also remind that providing infrastructure does not necessarily mean the long-term value of the AVAX token will rise. Guzman pointed out that while the NYSE will use Avalanche infrastructure for clearing and settlement, actual transactions will still occur off-chain, with related activities running on dedicated infrastructure rather than the public C-Chain that carries most of the network's activities. Misha Putiatin, founder of Symbiotic, stated that the main challenge for Avalanche is whether it can achieve "value capture" that is difficult for other blockchains. According to Decrypt data, AVAX rose 3.6% in the past 24 hours to $8.64.

The social protocol Lens announced its launch on the public chain Monad. Lens stated that this social network is decentralized and permissionless, allowing users to own their accounts and followers, with accounts not being locked and joining without invitations. Lens was initiated by Aave founder Stani Kulechov in 2022, and according to RootData, the protocol has raised over 46 million dollars in total funding, with investors including Tencent, Robot Ventures, Wintermute, Circle Ventures, and Variant Fund.Monad indicated that Lens will completely rebuild its social graph on-chain from the ground up and will launch on Monad. Users will own their accounts and connections, and anyone can build clients based on this social graph, with users also able to decide the content displayed in their information feed. Users who already have a Lens account or a Farcaster account can log in using their existing accounts.

HIVE Digital Technologies, a Bitcoin mining company, is seeking to generate $45 million in annual revenue through a Swedish AI data center, but has not finalized the lease agreement. In its latest financial report update, HIVE reiterated that its 32-megawatt Big Boden facility in Sweden could generate the aforementioned revenue through a long-term hosting arrangement, which depends on the final agreement, financing, facility upgrades, and project commissioning. The company first disclosed the proposal in June, involving an unnamed Swedish investment-grade technology company, with a lease term of up to 10 years. CEO Aydin Kilic stated during the earnings call that both parties are negotiating terms regarding deposits, termination rights, and other factors that may affect financing costs, and an advisor from a lender visited the site last week. HIVE expects to seek financing for the Boden project after signing the lease, possibly through corporate bonds.The data center also requires extensive renovations. HIVE plans to transform it into a facility capable of accommodating up to 10,000 Nvidia GB300 GPUs, utilizing liquid cooling to handle high-density computer racks. Although the facility has 32 megawatts of power access, the proposed client will receive about 25 megawatts of usable computing power, with the remaining power used for data center operations. Kilic noted that the site has evolved from supporting Ethereum GPU computing facilities.This expansion is part of HIVE's broader effort to move away from Bitcoin mining. In June, HIVE signed a three-year large-scale AI computing agreement with Bell Canada and Cohere, covering 2,304 Nvidia GPUs. HIVE currently reports $185 million in contracted GPU cloud annual recurring revenue, of which only $40 million is operational. The company's goal is to achieve approximately $700 million in annualized high-performance computing revenue by the end of 2028.

Michael Wilson of Morgan Stanley stated that the adjustment of the S&P 500 index may be nearing its end, and U.S. stocks may be building momentum for a year-end rebound.Wilson indicated that this U.S. benchmark stock index is approaching its downside target range of 7,100-7,300 points and is expected to rebound from this range. Wilson wrote: "Rather than waiting for a perfect bottom, we recommend increasing exposure to quality cyclical stocks in the coming weeks, as these stocks have seen significant valuation adjustments while demonstrating strong earnings per share performance."

Marble Imaging, a remote sensing company based in Bremen, Germany, has secured 6 million euros in extended seed funding led by Cherry Ventures, bringing the total to 11.3 million euros, which will accelerate the construction of Germany's first commercial very high-resolution satellite constellation.

Market news reports that Google will invest $17 billion to build its first data center in Wyoming.

Arthur Hayes announced on the X platform that the FLOP development testnet (Devnet) is now open to builders. Developers can access the test FLOP, browse blocks, and invoke verified inference services through their proxies.Hayes reminds that the tokens on the development testnet have no value, do not generate rewards or airdrop weight, and the chain may reset. There are currently no FLOP tokens, users should never share their mnemonic phrases, and should verify information through official links.

According to DeFiLlama data, in the protocol revenue ranking over the past 24 hours, Titan Builder ranked first with $22.83 million, while Tether and Circle ranked second and third with $16.99 million and $6.76 million, respectively.

According to Bloomberg, informed sources revealed that Blackstone Group plans to sell the office portion of the Tokyo Garden Terrace Kioicho complex for approximately 300 billion yen (about 1.9 billion USD) and is currently negotiating with potential buyers. Blackstone is also considering packaging some of the trust beneficiary rights of the property as digital securities to sell to individual investors in smaller shares. Blackstone Group has not commented on this matter.The complex is located in Chiyoda, Tokyo, and includes office buildings, hotels, residences, and commercial facilities. Blackstone acquired the complex in 2024 for about 400 billion yen, setting the record for the largest real estate investment by foreign investors in Japan at that time. The proposed sale involves only part of the property, and the related transaction and digital securities issuance plans have not yet been finalized.

According to CoinDesk, Ethereum developers have fixed a vulnerability in the Glamsterdam upgrade that could allow operators to withdraw ETH intended for new validators from the staking service. The fix changed the handling rules for validator deposits and was merged on Monday, after developers had rejected the modification a week earlier.Researcher avsetsin discovered that if an operator first registers as a builder with a specific public key, and the staking service subsequently deposits ETH using the same key to activate the validator, the draft rules would credit both deposits to the builder. Avsetsin stated that this is a conditional code discovery and not a confirmed real-time exploit; existing checks can prevent the attack, and there are currently no reports of losses. The new rules treat deposits as sorted by withdrawal receipts, ensuring that validator deposits still belong to the validators.Glamsterdam has been running on the Sepolia testnet, but the launch on the Hoodi testnet has been delayed, with a new date to be determined before the mainnet launch.