Alphabet sheds about $500B in market value in its worst trading day ever as AI spending fears grip Wall Street
Alphabet's earnings miss and rising AI-related capital spending spooked investors, dragging its shares to a six-month low and reigniting debate about an AI bubb
CNBC · +13 outlets
Amazon posts $42.4B negative free cash flow and misses Q3 estimates, despite AWS growing 39%
Amazon's heavy AI infrastructure spending overshadowed its fastest cloud growth in five years, sending shares down sharply and adding to a broad tech selloff.
CNBC · +15 outlets
Intel shares plunge about 21% as chipmaker blames PC slowdown and memory shortage for weak guidance
Intel's fourth-quarter revenue forecast fell below analyst expectations as a memory chip shortage and supply problems weighed on its PC and data center business
CNBC · +8 outlets
Binance confirms at least $6.3B impact from hack, suspected to be largest in crypto history
Analytics firms attributed the attack to North Korean unit TraderTraitor, and Binance froze withdrawals while saying affected customers would be reimbursed.
Gizmodo · +12 outlets
Reddit will require users to log in for most content, citing falling Google search traffic
Reddit CEO Steve Huffman said Google's AI Mode does not drive traffic, prompting a shift away from the open web to protect its audience and business.
Engadget · +14 outlets
Nvidia CEO Jensen Huang says ties to company under spying probe were normal; report says he was espionage target
The disclosure follows reports that Huang was targeted by an alleged Chinese spy, adding scrutiny to Nvidia's China ties.
CNET · +14 outlets
Microsoft plans to raise at least $25B in debt to fund AI buildout
Microsoft's strong credit rating and positive free cash flow let it tap bond markets while peers like Meta, Alphabet and Amazon burn cash on AI.
CNBC · +8 outlets
Nvidia in talks to provide credit support for Nscale's deal with Anthropic
The reported arrangement is part of a broader debate over whether Nvidia's web of AI investments is smart strategy or bubble risk.
Reuters · +14 outlets
Foxconn targets owning 50% of the global AI server market within a couple of years
Foxconn's chairman said AI demand remains strong as the company eyes US expansion and a larger share of AI server production.
CNBC · +9 outlets
General Motors to pay $220M to settle multi-state lawsuit over selling drivers' data
The settlement with 35 attorneys general requires GM to obtain drivers' express consent before collecting or sharing driving and location data.
Engadget · +7 outlets
ServiceNow shares plunge 27% in worst day ever after earnings revive AI disruption fears
Underwhelming third-quarter results stoked investor worries that AI could disrupt enterprise software vendors.
CNBC · +10 outlets
Waymo partners with Toyota to supply robotaxis for Japan and the UK
Waymo will begin testing self-driving Toyota bZ4X vehicles in Japan next year as part of a broader automaker partnership.
TechCrunch · +7 outlets
Reddit is moving to a logged-in-only experience
Reddit is announcing a huge shift: It's going to start requiring users to log in.
The Verge · +14 outlets
Google expands AI Mode ads to more countries, adding sponsored links into AI queries
The move could make AI Mode profitable but is expected to further reduce traffic to online publishers.
Engadget · +14 outlets
Andy Jassy says AWS will be a $1 trillion business and Amazon could have two $1T units within a decade
Jassy said AWS must keep spending heavily on capex to become the first $1 trillion revenue business, as the cloud unit adds an AI accelerator every 14 seconds.
TechCrunch · +14 outlets
Apple expected to ship up to 1.5 million OLED touchscreen MacBook Pros in 2027, TrendForce says
The report sizes Apple's impact on the OLED notebook market following its first touchscreen MacBook Pro launch.
9to5Mac · +14 outlets
DHS breach exposed personal data of more than 41,000 employees, hacktivists claim credit
A hacker group said the leak was payback for government surveillance, exposing sensitive data on Homeland Security staff.
CNET
Researchers find bugs in five AI developer tools, with OpenAI and Microsoft flaws still unpatched
Embedded browsers in the tools are at the heart of the vulnerabilities, some of which remain unfixed.
The Register