Rumble Inc. has agreed to acquire AI infrastructure firm Northern Data AG in an all-share transaction valued at approximately $1.2 billion. Stablecoin issuer Tether committed to purchase up to $150 million in GPU services from the combined entity and pledged $100 million over two years to support Rumble Wallet adoption. Northern Data shareholders will receive 2.0281 Rumble shares for each share held and own roughly 30% of the merged company.

OpenAI has proposed to the White House Office of Science and Technology Policy that the existing 35% semiconductor manufacturing tax credit under the Chips Act be extended to AI data centers, server production, and electrical grid components. The company clarified it is not seeking a federal bailout despite earlier confusion from CFO remarks. The proposal follows OpenAI's $38 billion capacity agreement with Amazon Web Services.

Nvidia finalized a $2 billion AI processor agreement with Kazakhstan this week as the Central Asian nation accelerates its artificial intelligence infrastructure development. The deal comes as Nvidia shares declined over three consecutive trading days, erasing $450 billion from the company's market valuation amid broader technology sector concerns and policy commentary.

Senior U.S. officials blocked Nvidia from exporting advanced Blackwell AI chips to China on October 28, two days before President Trump's October 30 meeting with President Xi Jinping in Busan, South Korea. Secretary of State Marco Rubio and Commerce Secretary Howard Lutnick advised that the sale would strengthen China's AI infrastructure and harm U.S. strategic interests. Trump subsequently removed the chip issue from the summit agenda.

Bittensor's TAO token has risen 18% to $490, leading daily cryptocurrency gainers. The advance follows the October 29 launch of the world's first staked Bittensor Exchange Traded Product by Deutsche Digital Assets and Safello. TAO maintains a market capitalization of $4.69 billion, remaining the largest AI-focused token by this measure.

CleanSpark secured a 100-megawatt data center contract in Cheyenne, Wyoming, beating Microsoft in the competitive bidding process. CEO Matt Schultz credited the win to deployment speed, noting the firm built a 100 MW mining facility in six months compared to the three to six years typically required for AI data centers. The Las Vegas-based bitcoin miner now operates 1.03 gigawatts of active capacity and plans to expand AI-focused facilities across North America through a partnership with Submer.