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Grid-tech founders say AI data center demand is spurring modernization efforts

At TechCrunch Disrupt, executives from Weavegrid, Veir, and Rewiring America argued that surging electricity demand from AI data centers, EVs, and heat pumps is pushing utilities to adopt new technologies rather than simply straining an aging grid. Weavegrid's software helps utilities manage and orchestrate load across these new connections, while Veir builds superconductive power lines that it says carry power five times farther using 20 times less space than conventional cables.

Bank of America warns customers against sharing login credentials with AI agents

Bank of America sent an email titled 'Protecting your finances in the AI World,' telling customers never to share their banking username and password with another person or any outside AI-enabled tool or agent acting on their behalf. The bank noted that customers remain responsible for any activity that results if they do share their credentials.

Entrepreneur Op-Ed: Brand Awareness Alone No Longer Drives Customer Loyalty

A former Teach For America insights executive writes that a focus group at the University of Miami, where students failed to notice a large campus banner, illustrates how traditional brand visibility is losing effectiveness. The op-ed argues marketers should focus on building emotional connection and trust rather than simply maximizing impressions, and suggests tracking metrics like repeat purchases and voluntary recommendations instead of just reach.

Apollo economist says AI shows no profit payoff outside tech sector

Apollo Global chief economist Torsten Slok reports that excluding the 'Magnificent Seven' tech giants, the S&P 493 shows flat profit margins and revenue per worker, with no measurable productivity gains from AI adoption. He says mainstream corporations are increasingly treating AI token spending as a cost burden rather than a growth driver, even as VC-backed firms keep increasing their AI spend.

Major US banks draft contingency plans for AI agent-driven disruption

Axios reports that Morgan Stanley, Bank of America, JPMorgan and Wells Fargo are preparing policy and security measures to handle a surge in autonomous AI agents acting on customers' bank accounts, including agents taking actions users never explicitly requested. Apollo's chief economist Torsten Slok warned in a September note that agents instructed to 'optimize returns' could drain banks of the cheap deposits they rely on for lending.

Oppo confirms Find X10 Pro will launch in Europe but skip the US market

Oppo is bringing its flagship Find X10 Pro smartphone to European markets, while the device will not be released in the United States. The phone represents Oppo's high-end ambitions for future premium handsets.

Elon Musk gives America PAC $76 million in early October FEC filing

Elon Musk donated over $76 million to his America PAC in the first two weeks of October, according to a pre-election FEC filing. The PAC spent nearly $43 million in that period, with $15.2 million going to Texas Senate race ads, including $12.4 million attacking Democrat James Talarico and $2.8 million supporting Republican Ken Paxton. Musk has now given more than $445 million to Republican groups this cycle, with over $165 million to America PAC since July.

Major US banks restrict AI agent access to customer accounts

Morgan Stanley, Bank of America, JPMorgan and Wells Fargo have begun blocking AI agents from accessing customer accounts and are updating terms of service to address the issue, according to a report by Axios. Banks say they are finding it difficult to distinguish human users from automated bots, and have documented cases of AI agents taking unauthorized actions, including initiating fund transfers and even calling banks directly on a customer's behalf.

Musk directs $366M to 2026 midterms as SpaceX federal contracts nearly double

Elon Musk has committed about $366 million to the 2026 election cycle across more than 40 races, with at least $276 million flowing to Republican groups and his America PAC since July, according to CNBC's analysis of FEC filings. Meanwhile SpaceX has secured $6.78 billion in federal contracts through October 1, nearly double its 2024 total, per research firm FedScout, as Tesla, SpaceX and Musk's AI ventures face pending government decisions on defense spending, launch licenses, spectrum, autonomous vehicles and data centers.

Trump says Google's Pichai refused to rename the Atlantic Ocean

At a South Carolina rally, President Trump said he had personally called Google CEO Sundar Pichai to ask whether Google Maps could rename the Atlantic Ocean after himself or 'America.' Trump claimed Pichai declined, reportedly saying oceans touch too many countries to rename, though Trump said he's still considering renaming the Pacific the 'American Ocean.'

Major US banks detect AI agents logging into customer accounts with shared credentials

Axios reports that Morgan Stanley, Bank of America, JPMorgan Chase, Wells Fargo and Citi have observed third-party AI agents accessing online banking accounts, typically using customers' own login credentials. Some agents have also contacted call centers or taken actions that appeared to operate independently of direct user instructions. No fraud losses, account takeovers, or named AI products have been reported so far.

Trump says Google's Sundar Pichai discouraged him from renaming the Atlantic Ocean

Trump recounted a conversation with Google CEO Sundar Pichai in which he considered relabeling the Atlantic Ocean after America or himself, following Google's earlier renaming of the Gulf of Mexico to the Gulf of America on Google Maps. Trump said Pichai pushed back, noting oceans border far too many countries for such a change, so Trump said he would drop the idea.