Meta beats on Q3, raises AI capex outlook and creates new class of nonvoting stock
Meta's capital spending outlook of $135 billion to $145 billion and a nonvoting share class deepen its AI bet while the company also disclosed a $9.89 billion c
Bloomberg · +14 outlets
Tesla reports flat Q3 revenue, says customers can add own cars to robotaxi fleet next year
Tesla earned $1.7 billion on $28.0 billion in revenue as Musk again pitched a SpaceX merger and unsupervised robotaxi ambitions.
The Verge · +14 outlets
Japan banks and airlines take services offline to patch critical PHP flaws
Two AI-discovered vulnerabilities in the widely used PHP language triggered outages at sites including 4chan, DeviantArt and Wikipedia, prompting emergency patc
Bloomberg · +13 outlets
DeepSeek raises about $15 billion in one of China's largest ever funding rounds
The Chinese AI lab's latest round signals ambitions to compete directly with leading US model developers.
Bloomberg · +14 outlets
SoftBank market value halves from June peak as AI investor fears grow
Higher borrowing costs are fueling doubts about the sustainability of SoftBank's massive AI investments.
Bloomberg · +2 outlets
Anthropic S1 reportedly shows $80 billion loss this year
The reported figure, first noted by the WSJ, highlights the scale of losses at leading AI labs as spending surges.
Bloomberg.com · +13 outlets
Comcast plans significant job cuts in cable, broadband and wireless restructuring
The reorganization targets Comcast's core connectivity businesses amid ongoing subscriber pressure.
Bloomberg · +12 outlets
New Mexico AG's $25 billion Meta penalty approaches double state's annual revenue
Meta disclosed a $9.89 billion charge tied to the child safety settlement reached with US attorneys general.
Bloomberg · +8 outlets
Venture Capitalists Push Up AI Startup Valuations with Tranched, Two-Step Rounds
Venture capitalists are using tranched, two-step rounds to win allocations, pushing AI valuations to unusual heights.
Bloomberg · +4 outlets
Data centers could erase decades of US air quality gains, report warns
Texas has become a focal point for pollution concerns as new and proposed data centers demand large amounts of power.
The Verge · +13 outlets
Nokia Q3 profit beats estimates as data center networking demand surges
AI infrastructure investment is lifting demand for the Finnish vendor's data center equipment.
Bloomberg · +12 outlets
SAP cloud growth beats forecast, signaling resilient software demand
The German software maker reported stronger-than-expected cloud growth despite the AI boom.
Bloomberg · +6 outlets
Whop valued at $5.1 billion in Sequoia-led funding round
The creator monetization platform's new valuation underscores investor appetite for the creator economy.
Bloomberg.com · +6 outlets
Nvidia-backed Pigment raises $250 million to challenge Microsoft in planning software
The business planning platform is targeting enterprise software incumbents with AI-native tooling.
Bloomberg.com · +5 outlets
EA lays off 3% of staff, shuts BioWare in studios restructuring
The videogame giant's first major move since going private includes folding BioWare talent into Respawn and DICE for a new Star Wars Battlefront.
Variety · +14 outlets
US stock futures slip as tech earnings rally fades
Super Micro's preliminary sales had earlier lifted AI-linked shares, but momentum cooled in premarket trading.
Bloomberg.com · +14 outlets
Kinder Morgan commits $4.2 billion to West Texas gas pipeline for data center
The pipeline will haul fuel across West Texas and the Panhandle to power a data center complex.
Bloomberg · +1 outlets
Noetix Robotics files confidentially for Hong Kong IPO
The CATL-backed robotics firm could raise several hundred million dollars in the listing.
Bloomberg · +1 outlets