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Popsmith Passed $1M. Its Final Community Raise Is Closing
Popsmith has surpassed its $1 million fundraising goal and is now officially oversubscribed, and its StartEngine campaign may close early.
The business behind the popper: over $20 million in lifetime revenue, $9 million projected 2026 revenue, a 45% repeat purchase rate, a growing consumables subscription business, and a launch in Williams Sonoma stores nationwide.
This is Popsmith's second and final planned equity crowdfunding raise. $350 investment minimum, under 5 minutes to complete. All investors also receive 25% off Popsmith purchases for life.
If you're considering an investment, don't wait until the deadline.
The GPU Daily · #112 · covering Monday 2 November
The physical layer of AI, every day. Here's what moved on Monday 2 November 2026.
Dominion says 54.9GW of data centre capacity sits in contracting stages.
Over 12GW is already under electric service agreements. A contracting stage is a promise on paper. A service agreement is a promise with a utility's name on it.
Capacity isn't real until it's delivered.
Separately, Mitsubishi Electric is to buy PCI Energy products for $1.4B. PCI's platform manages about 60% of US power generation.
In this issue
Top story · MARKET MOVES
South Korea · ▲ Bullish · 29 Oct 00:00 UTC · Company/PR
Samsung posted KRW 107.4 trillion in Q3 2026 operating profit, the first tech company past KRW 100 trillion in a quarter. Memory set an all-time record on AI server demand and supplied nearly all of it: the Device products Division earned KRW 106.5 trillion. Capex hit KRW 29 trillion, up KRW 19.8 trillion year on year, and Samsung guides full-year 2026 spend to roughly KRW 84.4 trillion.
Earlier: Samsung posted record profit as AI boom lifts chip demand (30 October)
MARKET MOVES · 3
US · ▼ Bearish · 2 Nov 17:00 UTC · Newsroom
Earlier: Anthropic's IPO filing showed an $80.7bn loss and cloud marketplace risk (26 October)
Taiwan · ▼ Bearish · 2 Nov 17:00 UTC · Newsroom
Earlier: US sell-offs pose a challenge for Taiwan's TAIEX (1 November)
Global · ▲ Bullish · 2 Nov 13:50 UTC · Trade press
Solar debt financing drove the rise, totalling $20.4 billion across 80 deals, up 61% from the year-earlier period, while venture funding fell 31%.
NEOCLOUD · 7
China · ◆ Neutral · 2 Nov 14:26 UTC · Trade press
The five bids for the 20,480-card lot ranged from 11.60 to 11.70 billion yuan before tax, and Sichuan Huakun Zhenyu won the largest share at 6,144 cards.
UK, Indonesia · ▲ Bullish · 2 Nov 16:51 UTC · Company/PR
Behavox signed an $8 million commitment for dedicated GPU capacity in the UK, while Starling is training a transactional model on Civo's UK sovereign cloud.
Why this matters: The Behavox commitment may show demand for dedicated, sovereign GPU capacity in the UK at a size a neocloud can sell.
US · ◆ Neutral · 2 Nov 18:30 UTC · Newsroom
Earlier: CoreWeave, Meta and Oracle face debt test as $4.9tn flows into data centres (17 October)
US · ◆ Neutral · 2 Nov 22:49 UTC · Company/PR
Global · ◆ Neutral · 30 Oct 00:00 UTC · Company/PR
Teams compete in simulation until 13 December, with the top 10 moving to a real Franka robot arm, and the first 50 teams to submit receive $100 in Nebius GPU credits each.
Why this matters: The competition may draw developers onto Nebius GPUs for robotics simulation workloads.
Global · ◆ Neutral · 2 Nov 13:05 UTC · Company/PR
MARA operates 1.9 GW of energised capacity across nearly 20 sites on four continents, with a stated path to about 4.8 GW.
Global · ◆ Neutral · 2 Nov 00:00 UTC · Company/PR
Attacks were up 6% on H1 2025 but down from 2.25 million in H2 2025, with 83% lasting under one minute.
SOFTWARE & AI · 20
Global · ◆ Neutral · 2 Nov 14:00 UTC · Newsroom
China, US · ◆ Neutral · 2 Nov 18:17 UTC · Trade press
DeepSeek metered 71.43 trillion tokens in the week, 36.90% of a platform record 193.59 trillion, while MiniMax's paid listing settled at about a sixth of its free peak.
Why this matters: Token share on a routing platform may show where inference demand is moving among Chinese models.
Earlier: OpenRouter metered a record 188 trillion tokens, 81% from Chinese models (26 October)
US · ▼ Bearish · 2 Nov 16:23 UTC · Trade press
US · ◆ Neutral · 2 Nov 16:45 UTC · Company/PR
GPT-6.1 Terra is generally available on Amazon Bedrock with token prices at least 50% lower than GPT-6.1 Sol, and Amazon ECS now supports NVIDIA Multi-Process Service GPU sharing.
Why this matters: The price cut and ECS GPU sharing may raise utilisation of existing GPU fleets, though the price figures are company-stated.
Earlier: GPT-6.1 Terra becomes generally available on Amazon Bedrock (26 October)
China · ◆ Neutral · 2 Nov 04:32 UTC · Trade press
Qwen is integrated into Siri, Writing Tools and Visual Intelligence, with a wider release planned with iOS 27.3 in December.
Earlier: Apple Intelligence entered China in beta later this month, Cook confirms (16 October)
China · ▲ Bullish · 2 Nov 07:00 UTC · Trade press
Why this matters: If inference is now the larger share of China's AI data volume, compute demand may tilt further toward serving models rather than training them.
US · ◆ Neutral · 2 Nov 22:14 UTC · Trade press
Anthropic's warning centres on AI reaching the point where it trains itself and accelerates its own capabilities.
Why this matters: If the warning holds, it could raise the compute demand expected from frontier training runs.
China · ▲ Bullish · 2 Nov 02:11 UTC · Trade press
Daily token calls passed 175 trillion as of June, more than 1,000 times the early-2024 level, according to CCID.
China · ▲ Bullish · 2 Nov 04:32 UTC · Trade press
Meituan released LongCat-2.5 on 2 November with 1.6 trillion total parameters and roughly 48 billion activated per token, targeting sustained agentic coding tasks. It is optimised for W4A4 inference on domestic compute, Pandaily reported.
Why this matters: A model of this size, with about 48 billion parameters active per token, may add to inference demand on Chinese GPU clusters.
Earlier: Meituan ships LongCat-2.5-Preview, 1.6T MoE multimodal agent with 1M context (28 September)
US · ◆ Neutral · 2 Nov 13:57 UTC · Trade press
The desktop change rolls out to select users first, and ChatGPT and Codex will draw tokens from the same allowance pool after the transition.
US · ◆ Neutral · 2 Nov 23:13 UTC · Trade press
The one-year-old startup is now valued at $300 million.
Why this matters: The round may pull demand toward managed training tools that need less in-house ML staff.
China · ◆ Neutral · 2 Nov 04:32 UTC · Trade press
The Beijing robot-training data startup closed the round in Q3 with investors including SAIC Motor, Baidu and CITIC Goldstone, disclosed on 2 November.
US · ▲ Bullish · 2 Nov 20:45 UTC · Company/PR
Haiku 5.5 completes the Claude 5.5 family in Kiro on GovCloud, alongside Opus 5.5 and Sonnet 5.5, with a 1M-token context window.
Global · ◆ Neutral · 2 Nov 16:30 UTC · Company/PR
In a Langflow test, Foundry surfaced 32 findings with zero hallucinated citations, against 15 from a single-shot baseline using the same model.
US · ◆ Neutral · 2 Nov 21:48 UTC · Company/PR
Copilot Cowork was built by a nine-person team that shipped 1,211 code updates in a single day during development.
Why this matters: The item describes engineering process rather than compute, so infrastructure buyers may not act on it.
Global · ◆ Neutral · 2 Nov 14:00 UTC · Company/PR
Zone Builder now receives about 700 DNS record changes per second, and some zones hold more than 20 million records.
Indonesia · ◆ Neutral · 2 Nov 10:25 UTC · Company/PR
Telkom's Enterprise & Business Service Director Veranita Yosephine told the Danantara Technology Innovation Investment Forum in Jakarta on 27 October that data readiness and talent are the two key prerequisites.
Earlier: Telkom Indonesia lays out national AI adoption plan at Danantara forum (14 October)
Global · ◆ Neutral · 2 Nov 12:00 UTC · Company/PR
The plugins connect coding agents to Runway's generative media API via MCP, without storing an API key in the plugin.
Global · ◆ Neutral · 2 Nov 00:00 UTC · Company/PR
The plugin uses OpenAI models including GPT-6 Astra and the Decisions API to check up to 200 rules before review.
Global · ◆ Neutral · 2 Nov 14:00 UTC · Company/PR
Fraudulent charges exceeded $100,000 in a single day in some incidents, reaching $1 million before access was revoked.
HARDWARE · 8
Global · ▲ Bullish · 2 Nov 16:52 UTC · Trade press
The in-row CDU can coordinate up to 32 units, with mass production targeted for Q4 2026, alongside a 300 kW air-assisted liquid cooling platform already in production.
South Korea · ◆ Neutral · 29 Oct 00:00 UTC · Company/PR
Samsung's zHBM uses Wafer-on-Wafer stacking and Hybrid Copper Bonding to place memory on the compute die, with a Distributed I/O architecture targeting higher bandwidth at lower energy per bit.
US · ◆ Neutral · 2 Nov 16:00 UTC · Company/PR
AI Transit connects workloads in NeoClouds, sovereign AI clouds and enterprise AI factories to existing Cisco SD-WAN fabrics, with Armada, Cirrascale and Latitude named as early deployers.
Why this matters: Neoclouds may find enterprise networking policy a buying criterion as customers route AI traffic through existing SD-WAN estates.
Taiwan · ▲ Bullish · 2 Nov 17:00 UTC · Newsroom
China · ◆ Neutral · 2 Nov 13:30 UTC · Trade press
The EDA tools provider plans to acquire a majority stake in a domestic start-up, supporting Huawei's semiconductor ambitions.
Taiwan · ◆ Neutral · 2 Nov 17:00 UTC · Newsroom
China · ◆ Neutral · 2 Nov 06:54 UTC · Trade press
China Telecom Research Institute, YOFC and ZTE sent 800 Gb/s per wavelength both ways over one 1,007.48 km hollow-core fibre, 128 Tb/s in total.
Global · ◆ Neutral · 2 Nov 18:00 UTC · Company/PR
HYPERSCALER · 5
US · ▲ Bullish · 2 Nov 18:30 UTC · Trade press
China · ▲ Bullish · 2 Nov 06:55 UTC · Trade press
Tencent Cloud unveiled WAND-Vega and a contact-centre voice agent, with WAND serving over 2,000 firms and producing 4.5 million images and 3 million seconds of video daily.
US · ▲ Bullish · 2 Nov 17:51 UTC · Company/PR
The companies announced on 2 November an expanded co-selling arrangement to connect distributed data and infrastructure for AI workloads on Azure.
Why this matters: The deal may give enterprise AI traffic a sold-through network path into Azure, though no capacity figures were given.
Global · ◆ Neutral · 30 Oct 08:00 UTC · Company/PR
Quick Sight Reader users in regions where Amazon Quick is available are upgraded at no extra per-user cost.
US · ◆ Neutral · 2 Nov 21:30 UTC · Company/PR
Apple published its fourth-quarter fiscal 2026 results in a newsroom release.
DATA CENTRE · 8
China · ◆ Neutral · 2 Nov 14:13 UTC · Trade press
The system pairs solid-state transformers with battery storage, converting 10 kV medium voltage to an 800 V DC bus at 98.5% efficiency in the Galaxy AI campus in Ulanqab.
US · ◆ Neutral · 2 Nov 15:45 UTC
US · ◆ Neutral · 1 Nov 21:55 UTC · Trade press
Axios reports OpenAI's chief global affairs officer Chris Lehane is preparing the campaign after the midterms.
Finland · ◆ Neutral · 30 Oct 08:52 UTC · Company/PR
The office opened 28 October, and Linesight cites Finland's growing data centre market as the driver.
Global · ◆ Neutral · 2 Nov 06:00 UTC · Company/PR
OVHcloud reports a group average PUE of 1.24 for fiscal 2025, and claims its Smart Dry Cooler cuts cooling power by up to 50% and water use by up to 30%, company-stated.
Germany · ◆ Neutral · 2 Nov 07:27 UTC · Company/PR
Dohse takes the role from 2 November 2026, as Portus builds 5.5 MW MUC2 in Munich and a 12.8 MW Hamburg facility.
Global · ◆ Neutral · 2 Nov 17:26 UTC · Company/PR
AWS describes a planned failover test where DNS still resolved to the primary Region 45 minutes in, and recovery took more than twice the 5-hour target.
Global · ◆ Neutral · 2 Nov 14:30 UTC
ENERGY & POWER · 18
US · ▲ Bullish · 2 Nov 16:01 UTC · Trade press
Dominion reported third-quarter net income of $1.16 billion, with over 12 GW of data centre capacity now under electric service agreements.
US · ▲ Bullish · 2 Nov 16:53 UTC · Trade press
PCI's platform manages about 60% of US power generation, with the deal expected to close by the end of 2026.
US · ◆ Neutral · 2 Nov 15:00 UTC · Company/PR
Earlier: Georgia commissioner warns OpenAI's 3,200MW power deal may shift costs (23 October)
US · ◆ Neutral · 2 Nov 21:12 UTC · Trade press
POWER Magazine argues that rising data centre, manufacturing and electrification demand exposes transmission constraints and interconnection delays that new generation alone does not resolve.
India · ◆ Neutral · 30 Oct 00:00 UTC · Trade press
A CSIS survey of utilities in Tamil Nadu and Odisha finds that India's DISCOMs held $83 billion in accumulated losses as of March 2024, with 59.7 million smart metres deployed against a 250 million target.
Poland · ◆ Neutral · 2 Nov 15:37 UTC · Trade press
The application covers cooling water pipelines and tunnel boring launch pits for three Westinghouse AP1000 reactors at Lubiatowo-Kopalino, with full capacity now expected by 2038.
Earlier: Westinghouse began long-lead procurement for Poland's first AP1000 plant (14 October)
UK · ◆ Neutral · 2 Nov 16:59 UTC · Trade press
The UK battery storage owner's share price rose 10% on the announcement.
Australia · ◆ Neutral · 2 Nov 08:19 UTC · Trade press
The commercial LR7-72WVD module is rated 660 W to 690 W with efficiency above 25.54%, shown at All Energy Australia on 28-29 October.
New Zealand, Japan · ◆ Neutral · 2 Nov 17:01 UTC · Trade press
The New Zealand developer's NZ$174 million finance covers 28 solar and battery projects, with Obayashi taking a 90% stake in a new holding company.
Why this matters: New Zealand solar and battery build-out may matter little to GPU capacity planning.
China · ◆ Neutral · 2 Nov 14:37 UTC · Trade press
The first pour of about 6,626 cubic metres of concrete started on 31 October, marking main construction for the third phase of the six-unit site.
US · ◆ Neutral · 2 Nov 08:30 UTC · Trade press
Micron Technology gave Boise $2.5 million to extend the city's geothermal heating system to a housing development with more than 300 units, a project costing about $140 million.
Singapore · ◆ Neutral · 2 Nov 15:31 UTC · Trade press
The containerised PV system packs 235 to 250 kW into a 40-foot high-cube container and can be deployed by two workers in under three hours, company-stated.
Uganda, Russia · ◆ Neutral · 2 Nov 13:03 UTC · Trade press
Rosatom and Uganda's Ministry of Energy signed an agreement at the Russia-Africa Summit to set up a working group, which will negotiate engineering surveys for the Nakasongola plant.
Belgium · ◆ Neutral · 2 Nov 11:37 UTC · Trade press
Noak, a spin-off from imec and Hasselt University, raised €5 million ($5.6 million) in seed funding to scale perovskite-silicon tandem solar technology.
Australia · ◆ Neutral · 2 Nov 04:20 UTC · Trade press
Australia · ◆ Neutral · 2 Nov 02:22 UTC · Trade press
ACEnergy submitted a 250 MW Victorian battery project under the same national environmental process.
Australia · ◆ Neutral · 2 Nov 02:13 UTC · Trade press
Norway · ◆ Neutral · 2 Nov 10:20 UTC · Trade press
The two projects off Karmøy will install four 18.5 MW turbines producing 300 GWh a year, enough for roughly 15,000 households.
REGULATION & POLICY · 5
US · ▼ Bearish · 2 Nov 12:42 UTC · Trade press
President Trump's 26 August emergency executive order banned imports of certain foreign-made power equipment, prompting public comment and private concern across the energy storage industry.
US · ◆ Neutral · 2 Nov 19:19 UTC · Trade press
US · ◆ Neutral · 2 Nov 13:00 UTC · Trade press
China · ◆ Neutral · 2 Nov 02:20 UTC · Trade press
The draft requires physician review of AI-assisted medical decisions and sets liability rules across the AI value chain, as China's Ministry of Justice prepares national legislation.
Armenia · ◆ Neutral · 2 Nov 13:44 UTC · Trade press
The subsidies run for up to seven years on storage used only to store energy from solar plants or panels, and took effect last week.
