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Apple Plans New Satellite iPhone Features

Apple Plans New Satellite iPhone Features

Rumble buys German AI firm Northern Data, OpenAI seeks Chips Act expansion, Senate advances shutdown deal, BBC boss resign over Trump edit.

Memorandum
November 10, 2025

Welcome back to your daily memorandum talking tech, business, AI, markets, and more. 🗞️

In today’s edition we are tackling the following:

🛰️ Apple is developing new iPhone features powered by advanced satellite connectivity.
💰 Rumble acquires German AI firm Northern Data for $767M total.
🏛️ OpenAI asks Trump administration to expand Chips Act for data centers.
⏩ The Senate advances a deal to end the ongoing government shutdown.
🚪 BBC boss and news head resign after Trump documentary editing criticism.

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TECHNOLOGY

Apple is developing new iPhone features powered by advanced satellite connectivity (TechCrunch)
^_More:^_Bloomberg^_,^_MacRumors^_.
- Apple plans to expand satellite capabilities beyond emergency texting, adding maps, messaging photos, and app integration.
- Upcoming features may enable navigation, communication, and 5G connectivity even without cellular or Wi-Fi networks.
- Basic functions will remain free, while advanced options may require carrier payments and Globalstar infrastructure upgrades.
Rumble acquires German AI firm Northern Data for $767M total (Reuters)
^_More:^_CNA^_,^{_{Investing.com}}^_.
- Video platform Rumble will acquire German AI cloud company Northern Data in an all-stock transaction worth $766.86 million.
- Northern Data shareholders will receive 2.0281 Rumble Class A shares per share and own 30.4% of Rumble post-deal.
- The deal includes a $150 million GPU leasing agreement with Tether and $200 million in tax liability support.
OpenAI asks Trump administration to expand Chips Act for data centers (TechCrunch)
^_More:^_Reuters^_,^_Yahoo!^_,^{_{Tom’s Hardware}}^_.
- OpenAI requested the government expand the Chips Act's 35% tax credit to cover AI data centers and infrastructure.
- The letter argues broadening coverage will lower capital costs, reduce investment risks, and unlock private funding for AI buildout.
- OpenAI also wants accelerated permitting processes and a strategic reserve of raw materials needed for AI infrastructure construction.

BUSINESS

The Senate advances a deal to end the ongoing government shutdown (AP)
^_More:^_Politico^_,^{_{The NY Times}}^_,^{_{Al Jazeera}}^_.
- The Senate voted 60–40 to begin passing compromise legislation to reopen the federal government.
- Moderate Democrats agreed to move forward despite no guarantee of extending Affordable Care Act subsidies.
- The deal would restore federal workers’ pay, reverse Trump-era firings, and fund government operations until January.
Elon Musk secured his massive $1T Tesla pay package successfully (TechCrunch)
^_More:^_Reuters^_,^{_{The NY Times}}^_,^_CNN^_.
- Tesla shareholders approved Musk’s $1 trillion compensation plan, reinforcing his power and control over the company.
- The package ties Musk’s rewards to ambitious goals like market value, profits, and massive product milestones.
- During the meeting, Musk teased future plans, including Cybercab production and a long-delayed Roadster 2 launch.
BBC boss and news head resign after Trump documentary editing criticism (Reuters)
^_More:^_CNA^_,^_BBC^_.
- BBC boss Tim Davie and news chief Deborah Turness resigned following accusations of bias and editorial failings.
- Controversy erupted after BBC's Panorama edited Trump's speech clips together appearing to show him encouraging the Capitol riot.
- Both leaders defended BBC's journalism standards while acknowledging mistakes and denying allegations of institutional bias in news coverage.

MARKETS

S&P	6,805.25	+0.76%
NASDAQ	25,500.00	+1.33%
Dow	47,198.00	+0.24%
10-Year	4.0930%	+0.00%
Bitcoin	$106,224.43	+4.44%
Gold	$4,082.00	+1.80%

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WORLD

South Africa secures $925M World Bank loan for struggling cities (Bloomberg)
- The World Bank approved a $925 million loan for South Africa to support a six-year urban revival program.
- The loan will help South Africa's National Treasury reward cities meeting operational and financial performance targets with additional funding.
- This marks the World Bank's first program-for-results operation implemented in South Africa for urban development and city services.
South Korea’s Kospi leads Asia recovery rally after AI-fueled rout (CNBC)
^_More:^_MSN^_.
- Asian markets rebounded Monday after last week’s AI-related selloff, with investors reacting to stronger-than-expected China inflation data.
- South Korea’s Kospi surged nearly 3%, driven by banking and insurance stocks, while Japan’s Nikkei gained almost 1%.
- Bank of Japan minutes hinted at a possible rate hike soon, though inflation uncertainty remains a concern.
AI-trained graduates replace costly advisers at Indian wealth management firm (Bloomberg)
- Indian wealth firm Dezerv is hiring dozens of college graduates instead of expensive seasoned private bankers.
- The company plans to train new graduates using artificial intelligence in a business traditionally dominated by personal relationships.
- This AI-driven approach contrasts with industry trends where talent wars are pushing relationship manager salaries to record highs.

FUTURISM

Elon Musk uses Grok AI to explore themes of love and emotion (TechCrunch)
^_More:^_Yahoo!^_,^{_{New York Post}}^_.
- After Tesla’s $1 trillion pay approval, Elon Musk shared AI-generated videos using his Grok Imagine tool.
- One video depicted an AI woman saying “I will always love you,” sparking mixed reactions across X.
- Critics, including author Joyce Carol Oates, mocked Musk’s posts for lacking warmth, humanity, and genuine personal connection.
People with ADHD, autism, dyslexia say AI helps workplace success (CNBC)
- Neurodiverse professionals with ADHD, autism, and dyslexia find AI tools create a more level workplace playing field.
- A UK study found neurodiverse workers were 25% more satisfied with AI assistants than neurotypical respondents.
- Professionals like Pega's Tara DeZao say AI tools significantly help manage ADHD challenges in business environments.
China grants exemptions to export curbs on Nexperia chips for civilian use (Reuters)
^_More:^_BBC^_,^_MSN^_.
- China granted export exemptions for Nexperia's civilian chip applications helping relieve supply shortages for global carmakers and suppliers.
- The exemptions follow Dutch government control of Chinese-owned Nexperia over concerns about moving European production to China.
- China urges the EU to pressure Netherlands to reverse Nexperia seizure while maintaining it protects global chip supply chains.
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CONTENT

Jen Abel discusses the enterprise sales playbook for startup founders (Lenny's Podcast)
- Jen Abel, GM of Enterprise at State Affairs, shares strategies for founders scaling from $1M to $10M ARR.
- She explains why tier-one logos like Stripe and Tesla make better early customers than mid-market companies.
- Abel discusses vision-casting over problem-solving, using services for enterprise access, and hiring first salespeople with the right profile.
David Paffenholz shares strategies for finding and closing great engineering talent (Y Combinator)
- Juicebox CEO David Paffenholz explains hiring is fundamentally about selling your startup rather than just interviewing candidates.
- He shares strategies for early-stage founders to find, pitch, and close top engineering talent from Big Tech.
- Key topics include crafting effective outreach, interviewing techniques, competing with established companies, and hiring recruiters.
Amjad Masad & Adam D'Angelo discuss how far we are from AGI (a16z)
- Adam D'Angelo predicts remote work automation within 5 years while Amjad Masad argues brute-forcing intelligence without understanding.
- The founders disagree on LLM limitations, AGI timelines, and AI creating a missing middle in the job market.
- They discuss coding agents running over 20 hours, the sovereign individual thesis, and users managing multiple AI tools.

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