If nearly three-quarters of the world streamed music all at once, it would produce an overwhelming flood of data.

Now, Meta’s new project aims to carry that vast amount of digital traffic through “glass strands” laid across 4,300 miles of deep ocean floor.

The tech giant is planning to achieve this ambitious task with Petal, its newly unveiled transatlantic subsea cable set to go live in 2029.

Elon Musk has made an investment in Skydance of roughly $1 billion, according to a person familiar with the matter who asked not to be named because they were not authorized to speak publicly.

David Ellison's father, billionaire and Oracle co-founder Larry Ellison, has a history with Musk.

The financial injection comes as the company looks to cut costs. Paramount closed its acquisition of Warner Bros. Discovery on Oct. 6, naming the combined entity Skydance. Co-CEOs David Ellison and Ynon Kreiz are tasked with merging two major film studios in Paramount and Warner Bros., two popular streaming platforms — Paramount+ and HBO Max — and a host of corporate functions to support a portfolio of TV networks and two news divisions.

Skydance has said it expects to see $6 billion in cost savings over three years, though it faces a debt burden of nearly $80 billion.

Today’s blog looks at some technology breakthroughs that may have long-term impact on the broadband industry.

First Sub-1 Nanometer Chip. IBM announced a new chip in June that packs almost 100 billion transistors in a chip the size of a fingernail. IBM’s new chip is a landmark moment in computing and pushes transistor technology beyond the nanometer era to the scale of atoms.

The new chip features a transistor architecture of 0.7 nanometers (or 7 angstroms). The company says the new chip, with dimensions of 10 millimeters by 15 millimeters is 70% more energy efficient, and has a 50% improvement in performance over the industry’s best current chips. The company predicts the new chip technology will become standard in commercial devices within a decade.

Most smartphone traffic already runs over WiFi, and Musk is planning a terrestrial network. Telcos may keep carrying the traffic while losing the customer.

During SpaceX’s Q3 2026 earnings call, Elon Musk made a comment that should concern mobile operators.

“We will also have direct-to-cell, high-bandwidth direct-to-cell capability, and we will be building out our terrestrial network.”

He was not describing Starlink as a satellite-only mobile service. He was describing a future network that combines space and ground infrastructure, with broad connectivity anywhere SpaceX is allowed to operate.

The root cause of Elon Musk’s ascent to de facto defense secretary is the federal government’s practice of contracting out the work it had formerly done itself. 

This week, The Wall Street Journal reported that the decision to block Ukraine from the high-speed Starlink satellite alerts that enabled it to intercept Russian missiles and drones was made by SpaceX owner Elon Musk, either in conjunction with President Trump or in advance of Trump’s support for the action. Whichever version is more correct, Musk is either making or carrying out a fundamental shift in U.S. foreign and military policy—something that no private citizen has ever done in our 250-year history. 

Winchester made rifles, but it didn’t order the army to use them against native tribes. Boeing made the B-29s, but it didn’t order them to destroy Hiroshima and Nagasaki. Once the army purchased the Winchesters, and the Air Force, the B-29s, their manufacturers weren’t at the table or in the room where government leaders decided where, when, how—and in the case of Ukraine and Russia, why—they would or wouldn’t be deployed. They weren’t part of the kind of fundamental reorientation of foreign policy that Trump has wrought, in which his narcissistic and thuggish impulses have eclipsed the democratic affinities by which the U.S., at its all too intermittent best, has dealt with other nations.  

This month, that has meant Musk has played a key role in attempting to turn the tide in Russia’s favor in its war on Ukraine. This reductio ad absurdum of contracting out is also the result, of course, of the mind-meld between Trump and Musk, who, as New York Times columnist Jamelle Bouie pointed out last week, is every bit as racist, xenophobic, and self-interested as our president. 

Meta must pay $25 billion to New Mexico after a jury found the tech giant guilty of nearly 44 million violations of state consumer protection laws.

The largest fine to ever hit Meta came after New Mexico Attorney General Raúl Torrez declined to join an $18 billion settlement Meta reached earlier this year with attorneys general in nearly all states.

In his opinion Wednesday, US district court judge Francis J. Mathew said there was no “bright line rule” for determining the appropriate penalty for Meta’s repeated and willful deception of users since 2010 about their “control of data, third-party data misuse, misinformation, hate speech, and equal enforcement.”

New Mexico had asked the court to impose even higher fines, up to $40 billion. The entire state of 2 million people were harmed by Meta’s conduct, Torrez argued, and it seemed dubious that Meta would make meaningful changes unless the penalty impacted Meta’s stock price.

Tesla published its third-quarter 2026 financial results this afternoon. Earlier in October, it reported its sales and deliveries for the three-month period, selling fewer cars than in the same quarter in 2025, yet it still beat analyst projections. Now we can see how those sales translate to the bottom line. Tesla brought in $28 billion in revenue in Q3, almost the same as in 2025.

Automotive revenues were $20.6 billion, a 3 percent decrease year over year. Perhaps more troubling is the decline in revenue from solar panels and storage batteries—this line of business had been growing, but for Q3 revenue fell 16 percent year over year to $2.9 billion. Services and other revenues, though, which include parts and Supercharger use, grew by a third to $4.6 billion.

But the company—like the rest of us—has seen its expenses go up. 

Construction on the regional expansion of Sherburne’s municipal open-access fiber network is advancing across neighboring Chenango County borders. The project, branded Sherburne Connect, originated as an early municipal fiber deployment operated in coordination with the village’s century-old public electric utility, Sherburne Electric.

Broadband is no longer a luxury good, it is essential infrastructure. It’s how Americans work, learn, access health care, and participate in economic life, and it demands the same policy durability we expect for our roads, water, and power.

And for the past several years, the story of American broadband has been told via federal investment, and that work deserves real credit. These dollars have helped cut unserved and underserved locations from about 12 million in 2022 to roughly 4 million today. That is incredible progress towards universal access.

But federal programs are time limited. BEAD, for example, is a one-time investment built for deployment costs, not the ongoing funding, upgrades, and affordability support universal access requires. In fact, research has shown that 1 million to more than 2 million locations will still lack broadband after federal funds are spent. That’s not indicative of programmatic failure, but the realities of infrastructure: new homes get built, networks age, and technology evolves.

California regulators are locked in a fierce battle with AT&T over state residents' access to life-saving emergency communications. Officials have accused the telecom giant of actively misleading the public as the state considers stricter rules to make wireless coverage maps more accurate, and providers more accountable for reliability failures.

A telehealth hub is a location that has been established to provide a place to give the public easy access to healthcare. Today’s blog will focus on telehealth hubs in eastern North Carolina, but there are numerous other efforts being launched across the country. ECU Health is a non-profit academic health care system that serves more than 1.4 million people across 29 counties in eastern North Carolina. Formerly known as Vidant Health, the system partners with East Carolina University’s Brody School of Medicine.

ECU Health launched its Health Hub initiative in May 2023 as a way to bring healthcare closer to where people live. The Health Hub effort is concentrated in Pitt, Martin, Edgecombe, and Beaufort Counties, which are the most underserved areas in terms of local health care in the ECU Health footprint. These counties also still have poor broadband and cellular coverage, making it a challenge for residents to use telehealth.

The Prosecution Office gave Meta 48 hours to respond as to whether it will comply with the recommendations, reports Laís Martins.

With days left before the second and decisive round of Brazil’s presidential election, the country’s Federal Prosecution Office on Wednesday issued urgent recommendations and demanded answers from Meta regarding content moderation actions by the platform, alleging that previous answers sent by the company were generic and insufficient. The Prosecution Office gave Meta 48 hours to respond as to whether it will comply with the recommendations.

The decision comes after a series of content moderation failures by the company over the past few weeks, amid Brazil’s most tightest electoral race in recent years, which pits incumbent President Luiz Inácio Lula da Silva against Senator Flávio Bolsonaro, the son of former president Jair Bolsonaro.

In this period, Meta took down a page of a media entity that produced a viral video on scandals surrounding Flávio, temporarily disabled Lula’s campaign page from running political ads, and disabled its Muse AI agent from generating images in support of Lula, while authorizing images related to Flávio.

In 1996, Grateful Dead lyricist John Perry Barlow wrote ‘A Declaration of the Independence of Cyberspace.’ The age of AI demands we reimagine it, writes Amelia Rose Barlow.

When I was a little girl, my father took me with him to watch the future arrive.

I was eight, sitting in a vast Silicon Valley conference hall filled with rows of gray monitors glowing with a fluorescent premonition. It was the 1994 off-the-record unveiling of Netscape for about 150 select advisers and early adopters. Most of the world did not yet know the web existed. That day, I spent my first time online researching white rabbits and fell down a hole of hyperlinks. Forty minutes later, I surfaced, frozen and frightened, not of the technology, but of how untethered I felt from my own body and the wilds of Wyoming that had forged me and four generations of my family before. Could anyone have imagined where we would be three decades later, in the age of artificial intelligence?

My father, John Perry Barlow, was as astonished as I was, and he ran with it. He had grown up on the two “frontiers” of wilderness and culture as a Wyoming cattleman and a Grateful Dead lyricist, and could recognize a third emerging.

In February 1996, after the passage of the Communications Decency Act, a landmark law that brought federal censorship to the internet for the first time, he wrote “A Declaration of the Independence of Cyberspace”: “We are creating a world that all may enter without privilege or prejudice accorded by race, economic power, military force, or station of birth.”

This year marks the 30th anniversary of his declaration and the 250th anniversary of the one that inspired it. Both my dad and the Founding Fathers understood something crucial: declarations are powerful social technologies. They are called for at thresholds: when things begin falling apart and what comes next has not yet arrived and the future remains radically unknown.

Reading between the lines of SpaceX’s earnings call One of the things I particularly like about SpaceX, especially now that it is a public company, is that its executives sometimes move beyond carefully crafted corporate statements and provide surprisingly candid answers that offer genuine insight into where the company may be heading next. In this case, the earnings call was broadcast live on X, allowing viewers to assess not only what was said but also the body language of its leaders, particularly President Gwynne Shotwell and Elon Musk.

I found their responses to an excellent question from Kutgun Maral, CFA of Evercore particularly interesting (minute 56:45 in the X webcast linked below). Maral asked how SpaceX’s spectrum portfolio could compete with incumbent US mobile operators and what the traffic mix between satellite and terrestrial networks might look like.

The Trump administration’s campaign to compel hundreds of billions of dollars of new military appropriations out of Congress has been stalled in the Senate for months.

The Trump administration’s campaign to compel hundreds of billions of dollars of new military appropriations out of Congress, citing new materiel needs downstream of its unsanctioned Iran War, has been stalled in the Senate for months. But one unexpected winner has emerged from the congressional stalemate over defense spending: an obscure investment office in the Pentagon known as the Economic Defense Unit (EDU).  

Earlier this year, Deputy Secretary of Defense Stephen Feinberg stood up the EDU and appointed George Kollitides, a one-time executive at Feinberg’s former private equity firm, Cerberus Capital Management, who recently was the subject of a ProPublica investigation for his role in steering a $350 million Department of Defense contract to a consulting firm where he was a partner until just weeks ago. The office was created by way of a memo from the deputy secretary, and has been operating without congressional authorization for months, taking center stage in the administration’s multi-billion-dollar effort to prop up domestic military and energy supply chains. Those deals have been heavily scrutinized for the ways they’ve favored well-connected Wall Street firms and have been set up to benefit the president and his inner circle.   

Elon Musk has invested approximately $1 billion in the newly formed media company Skydance, according to a new report from Semafor. News of the investment comes a few weeks after Paramount completed its $110 billion acquisition of Warner Bros. Discovery to create the combined company.

Co-CEOs David Ellison and Ynon Kreiz are tasked with bringing together two major streaming platforms, Paramount+ and HBO Max, along with a portfolio of networks, including CBS, CNN, MTV, TBS, Comedy Central, and Food Network, under a single corporate umbrella.

Semafor reports that Musk’s investment was made around the same time as equity contributions from other Skydance investors, including board member Laurene Powell Jobs. The investment will provide a much needed financial boost as the company seeks to cut costs and lift its stock price, the report notes.

Skydance has already committed to reducing costs by $6 billion over the next three years.

AT&T recently announced a joint venture with Global Infrastructure Partners (“GIP”), a part of BlackRock, and the Canada Pension Plan Investment Board to build new fiber passings. AT&T will own 50% of the joint venture, with the equity investors owning the other 50%.

It gets a little convoluted, but one of the assets that AT&T is bringing to the table is the fiber assets it recently purchased from Lumen. Those assets were placed into a new company, Forged Fiber 37, which will be rolled into the new joint venture with GIP. AT&T also currently operates the Gigapower joint venture with GIP.

The new joint venture brings big advantages to AT&T.

A decision by Elon Musk led to restrictions on Ukraine's use of SpaceX's satellite communications network, people familiar with the matter told CBS News.

The satellite service, which is used for drone operations, hitting certain targets and protecting sites in Ukraine, was slowed significantly last week.

Musk held multiple conversations with administration officials leading up to the order, the sources said. He wanted clarity on the president's thinking on the matter. Musk has expressed distaste with his company being seen as profiting from the continued war between Russia and Ukraine.

Meta has been ordered by a judge in New Mexico to pay $25 billion to the state after a jury found that the social media company deceived consumers for years about its data privacy policies. 

Judge Francis Mathew handed down the amount, which New Mexico Attorney General Raúl Torrez described as "one of the largest, if not the single largest state verdict against a company in American history." 

"This judgment should be a signal, an unambiguous message, to Silicon Valley," Torrez said in a news conference.

A jury found that the social media company had deceived consumers for years about its data privacy policies.

According to reports, Elon Musk ordered the slowdown of Ukraine's Starshield defense systems. Nick Schifrin reports, and Amna Nawaz discusses how the world's richest man gained such power over U.S. security interests with Charles Galbreath, a retired Air Force colonel who focused on space operations during his 30-year military career and is now at the Air Force Association’s Mitchell Institute.

Nick Schifrin:

And yet the war grinds on in Russia's battlefield of choice, Ukrainian cities. Today, a drone carved through Kiev apartments, killing two people.

And Ukrainian officials tell me their ability to intercept Russia's jet-powered drones, including those that hit Kyiv today, is still hampered because of limits on the speed their interceptors can fly, limits recently imposed, Geoff, by SpaceX.

Geoff Bennett:

And, Nick, what more have you learned about the curtailing of the Starlink and Starshield services in Ukraine?

Nick Schifrin:

The bottom line is, limitations, as I just said, are still there.

U.S. Ambassador to the EU Andrew Puzder told the Financial Times that European companies would face “devastating” retaliation from Washington if Brussels moves forward with plans to restrict American competitors’ access to parts of the European market.