Local AI
15 hours agoNews Editor

How to Run AI Models Locally, What Hardware You Need, and Where Cloud Still Wins

Decrypt has published a detailed guide on running open-weight AI models directly on a personal computer, arguing that the gap between the best open models and top closed systems has narrowed to about four months on average. The article says users can now run a growing number of models on hardware they may already own, using free tools such as Ollama and LM Studio. The guide frames local deployment around three main tradeoffs: privacy, cost, and customization. Running a model on-device keeps conversations on the user’s machine instead of sending prompts to a company server, and it avoids the roughly $20-per-month subscription common among paid chatbot services. It also gives users access to models released under licenses such as MIT and Apache 2.0, which can allow commercial use, modification, and derivative work depending on the model. Decrypt also breaks down the practical limits. Smaller or quantized models may fit on systems with 8GB of VRAM, while heavier users may need 24GB or more, or machines built around large unified memory pools. The piece walks through installation steps for LM Studio and Ollama, notes support for local APIs and MCP servers, and points out that cloud services still hold the edge for the largest models and the hardest benchmarks.

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How to Run AI Models Locally, What Hardware You Need, and Where Cloud Still Wins
Nomura
15 hours agoNews Editor

Nomura says the midterm vote won’t stop the tech selloff; only a Fed pause can

Nomura strategist Naka Matsuzawa says investors are putting too much weight on the U.S. midterm elections as a possible turning point for global technology stocks. In his Oct. 30 macro strategy weekly, he argued that the election outcome is far less important than many in the market assume, and that the only catalyst with the potential to truly end the sector’s decline is a halt to Federal Reserve rate hikes. Matsuzawa expects U.S. equities to trade soft in the week of the Nov. 2 vote, with bonds stronger, the dollar weaker and the yen firmer. He says the pressure on tech is tied less to election uncertainty and more to two deeper forces: strain on the outlook for AI investment and persistent credit concerns. He also argues that the recent rebound in semiconductor shares lacks both breadth and durability, making it unlikely to lift the broader global tech complex. The report also points to cross-asset signals. Matsuzawa says easing credit worries this week were more likely driven by lower U.S. rate-hike expectations than by improved confidence in tech companies’ financing capacity. He adds that if the next U.S. jobs report comes in stronger than expected, it could revive Fed tightening expectations and reignite credit stress. On currencies, he says dollar and yen moves are still being shaped heavily by credit sentiment.

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Nomura says the midterm vote won’t stop the tech selloff; only a Fed pause can
Policy Regulation
14 hours agoNews Editor

Crypto super PACs spend about $170 million ahead of U.S. midterm elections

Crypto-linked super PACs have poured roughly $170 million into U.S. congressional races ahead of the Nov. 3 midterm elections, according to CoinDesk. The spending has leaned heavily toward Republican candidates even as recent polling and prediction-market data suggest Democrats are more likely to expand their influence in Congress. Fairshake and affiliated groups, backed by Coinbase, Andreessen Horowitz (a16z) and Ripple Labs, have spent about $154 million so far and are still holding roughly $56 million for the next election cycle. The Digital Freedom Fund, supported by the Winklevoss brothers, spent more than $8 million this month, with a focus on blocking Democratic Senate candidates in Ohio, Texas and Iowa. Fellowship Fund, which has close ties to Cantor Fitzgerald and Tether, has mainly backed Republicans while also giving a combined $600,000 to three incumbent Democratic lawmakers. CoinDesk said Fairshake alone spent nearly $56 million to oppose former Democratic Sen. Sherrod Brown and nearly $11 million to support Nebraska Republican Sen. Pete Ricketts. Prediction market Kalshi currently assigns Democrats about a 70% chance of controlling both chambers of Congress. Even if Republican candidates backed by the crypto industry win, major legislation on crypto market structure and taxation would still need Democratic support to clear the Senate’s usual 60-vote procedural threshold.

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Crypto super PACs spend about $170 million ahead of U.S. midterm elections
Westlake University
14 hours agoNews Editor

Westlake University launches world model research center focused on physical intelligence

Westlake University has set up the Westlake World Model Research Center at its Yungu campus in Hangzhou, according to a Techub News item published on Oct. 31 Beijing time. The center will focus on world models and physical intelligence. Professor Yu Kaicheng will serve as director, while Academician Jin Yaochu has been named chief scientist. The center traces back to work started three years ago by Westlake University’s autonomous intelligence lab, AutoLab, which had already been building around world models. That effort also led to the incubation of Awomo, also referred to as Westlake Digital Intelligence. The company is positioned around foundation models for the physical world and has raised more than 100 million yuan across seed and angel rounds. The report said world models are designed to help AI understand physical laws, predict environmental changes, and anticipate the consequences of actions. It also noted that Li Feifei and Yann LeCun have recently moved into the field, while Google DeepMind released Genie4, combining a world model with a reasoning model. The original report was attributed to QbitAI.

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Westlake University launches world model research center focused on physical intelligence
Policy Regulation
15 hours agoNews Editor

Crypto PACs spent nearly $170 million ahead of the U.S. midterms, with the biggest groups leaning Republican

Crypto industry political action committees ramped up spending in the final weeks before the Nov. 3 U.S. midterm elections, with the three main groups together deploying nearly $170 million and broadly favoring Republican candidates. Fairshake and its affiliated organizations accounted for $154 million of that total and still held $56 million for the next election cycle. Digital Freedom Fund, backed mainly by the Winklevoss twins, spent more than $8 million this month to try to block Democratic Senate wins in Ohio, Texas, and Iowa. Fellowship Fund, which has close ties to Tether, first spent $3.8 million on Republican candidates and later directed $600,000 to Democratic candidates, including $300,000 for New York Representative Ritchie Torres. Even with that Republican tilt, the industry has framed its political spending as bipartisan and focused on backing candidates seen as friendly to crypto. Fairshake’s main financial backers include Coinbase, Andreessen Horowitz (a16z), and Ripple Labs, according to CoinDesk.

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Crypto PACs spent nearly $170 million ahead of the U.S. midterms, with the biggest groups leaning Republican
Hyperliquid
15 hours agoNews Editor

Hyperliquid total withdrawals top $100 billion

Hyperliquid’s cumulative withdrawals have moved past the $100 billion mark, according to data cited by HyperliquidNews and reported by Odaily. A related screenshot showed the metric at $100.47 billion. The update appeared in Odaily’s 7x24 news feed on Nov. 1, 2026. No additional details were provided in the brief. The report focused specifically on the platform’s total withdrawal figure and cited the screenshot as the basis for the latest reading.

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Hyperliquid total withdrawals top $100 billion
Cambio
14 hours agoNews Editor

Cambio launches ChatGPT plugin for crypto swap quotes and tracking

AI-native crypto exchange Cambio has rolled out a ChatGPT plugin that lets users request swap quotes for specific amounts, check which token is used to pay network fees, and track the status of an exchange inside a chat. The plugin is informational only and cannot execute swaps or move funds. Cambio says its service supports more than 100 tokens across over 25 networks, including Bitcoin, Ethereum, and Solana. Users can also describe their swap requests in natural language on the Cambio website or through its Telegram bot, receive a single quote, and complete the exchange without creating an account. According to Cambio data, users swapped more than $100,000 through the platform in October 2026. Since late August, total volume has exceeded $150,000. The update was reported by CryptoPotato and carried by Techub News.

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Cambio launches ChatGPT plugin for crypto swap quotes and tracking
Hyperliquid
14 hours agoNews Editor

Hyperliquid cumulative withdrawals top $100 billion

Hyperliquid’s cumulative withdrawals have exceeded $100 billion, according to Hyperliquid News. The figure refers to the total amount withdrawn from the decentralized derivatives trading platform since it began operating. It does not represent a single day’s outflow, and it should not be read as net outflows from the platform. The disclosure points only to the platform’s historical aggregate withdrawal volume as stated by the cited source.

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Hyperliquid cumulative withdrawals top $100 billion
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