Tech selloff: Nasdaq sinks over 3% as AI cash burn fears hit Intel, Amazon
Wall Street closed sharply lower after disappointing Intel and Amazon earnings stoked investor doubts about the return on massive AI infrastructure spending.
CNBC · +14 outlets
Meta outlook cut to negative by S&P over AI spending and cash flow worries
S&P Global Ratings revised Meta's AA- outlook to negative, citing capital expenditures and free cash flow concerns, as Meta's AI build-out weighs on its balance
The Next Web · +14 outlets
Apple Intelligence launches in China with iOS 27.3 in December, using Alibaba's Qwen
Apple confirmed its first Apple Intelligence features in China will arrive with iOS 27.3 and a developer beta next week, with Alibaba's Qwen model powering Siri
The Next Web · +14 outlets
Big Tech's AI build-out commitments top $3 trillion, led by Alphabet and Meta
Alphabet, Meta, Microsoft, Amazon and Oracle have committed more than $3 trillion to future data centers, leases, equipment and energy, raising questions about
The Next Web · +13 outlets
Meta settles social media addiction case with teen, avoiding trial as Snap remains sole defendant
Meta settled claims from a second plaintiff days before trial in a case testing whether social media causes depression and eating disorders, leaving Snap as the
Engadget · +14 outlets
Intel stock suffers worst day since the 1970s, erasing $12B from US government stake
Intel's gloomy PC outlook wiped about $12 billion off the value of the US government's stake and dragged down semiconductor shares broadly.
CNBC · +1 outlets
Apple becomes world's most valuable company again, overtaking Nvidia
Apple reclaimed the top market capitalization spot as iPhone demand held up while chip stocks, including Nvidia, sold off on AI spending fears.
Bloomberg.com · +14 outlets
OpenAI, Google, Microsoft and Anthropic back new standard letting publishers opt out of AI scraping
The companies said they will adopt a standard publishers can use to signal they do not want their content scraped for AI training.
The Verge · +9 outlets
Microsoft offers buyouts to 60,000 employees in major workforce move
Microsoft's broad buyout offer signals a shift toward fewer workers and more automation and equipment as it leans into AI.
Cleveland.com · +14 outlets
Anthropic's Claude Code extension on Cursor backdoored for nearly 12 hours in supply chain attack
Malicious code in a tainted Anthropic Claude extension reached thousands of developer machines, though a flaw prevented the attacker from fully compromising som
Ars Technica · +9 outlets
Amazon sets up supplier financing facility to borrow up to $80B against AI hardware
The facility, usable from 2027 to late 2028, comes as Amazon's spending commitments reached $883 billion and it posted a $42.4 billion free cash outflow in the
The Next Web · +6 outlets
Reddit stock plunges 29% on weak guidance and plan to require login for content
Reddit shares fell on soft Q4 sales guidance and its move to test requiring users to log in to view content as Google search traffic declines.
CNBC · +14 outlets
Google's Project Suncatcher satellite returns first AI response from space
Google booted up Tensor Processing Units on its prototype satellite, letting an onboard Gemma 4 model generate the first response from orbit.
The Verge · +14 outlets
New York bans AI chatbots from posing as human or building emotional dependency with children
Governor Kathy Hochul signed a law barring chatbots from pretending to be human, encouraging self-harm or holding sexual conversations with minors.
The Next Web · +14 outlets
House Democrats criticize Justice Department's support of OpenAI in copyright suit
Lawmakers pushed back on the DOJ's backing of OpenAI in the New York Times copyright litigation.
The New York Times
OpenAI to limit weapons information for teens on ChatGPT in violence-prevention push
OpenAI is restricting how ChatGPT responds to teen queries about weapons as part of broader safety efforts.
Reuters · +3 outlets
Nvidia pulls RTX 5080 from its store after RTX 5090 removal as street prices hit 2.2X MSRP
Nvidia quietly removed the RTX 5080 listing, following the 5090, as retail GPU prices climb to more than double their suggested price amid a memory shortage.
Tom's Hardware
Anthropic expected to receive high junk credit rating after IPO, FT report says
A high junk rating would make it costlier for Anthropic to raise funds for its heavy AI spending.
TechCrunch