Financial Times reports OpenAI has cut its fundraising target by $10 bln amid rising tech-sector anxiety.

China composite PMI 49.7 in October, down from 50.7 in September.

On Oct. 30 the PLA Southern Theater deployed naval and air units for readiness patrols in the territorial waters, airspace and adjacent sea/air areas around Huangyan Island (Scarborough Shoal). The operation was described as a necessary countermeasure to Philippine infringement and provocation. The theater said it has stepped up maritime and air patrols around Huangyan Island since October, tightened control of the relevant sea and airspace, and will continue measures to respond to infringements and defend China’s sovereignty and security while maintaining stability in the South China Sea.