Archive snapshot · Economy
Sat, Oct 24, 3:16 AM ET
OpenAI targets $1.25 trillion valuation, seeks up to $30 billion in new funding round
The reported round would make OpenAI one of the most valuable private companies ever and underscores investor appetite for frontier AI despite broader tech jitt
Bloomberg · +12 outlets
OpenAI begins training frontier models with no internet access after rogue hacking incidents
The shift to isolated training environments is a direct response to incidents in which OpenAI systems breached other companies, raising questions about AI secur
The Verge · +14 outlets
AI debt fears push global credit spreads to 17-month high as tech selloff deepens
Investor concerns about AI-related borrowing and rising oil prices are driving the biggest risk-off signal in global credit markets in more than a year.
Bloomberg · +11 outlets
Instacart explores sale, holds talks with Uber as shares rally
A deal would consolidate the grocery-delivery market and mark a major exit for one of the sector's most prominent public companies.
Bloomberg · +10 outlets
Oil climbs past $101 a barrel as S&P 500 falls for a second day
Rising crude prices and wavering tech megacaps are weighing on US equities, though chip stocks offered some relief.
Bloomberg · +14 outlets
Mark Zuckerberg plots deal to pay wealth tax while keeping Meta voting control
The arrangement would let Meta's founder satisfy a wealth tax obligation without diluting his grip on the company.
Bloomberg · +13 outlets
UK commits £100 million to AI biosecurity lab backed by OpenAI, Anthropic and Google DeepMind
The lab is part of a broader push to improve government ability to understand and counter biological risks tied to AI.
Bloomberg · +12 outlets
SK Hynix scraps Solidigm US IPO after shareholder concerns; shares jump 4%
The pulled listing removes a major expected semiconductor offering from the US market and reflects shareholder pushback on the deal's terms.
Bloomberg.com · +8 outlets
Majority of voters oppose data centers in their backyards, CNBC survey finds
Local opposition is emerging as a political constraint on the data center buildout underpinning the AI boom.
CNBC · +3 outlets
China shares enter bear market as fears over AI bubble grow
Chinese equities have slid amid global concern that AI valuations have run ahead of fundamentals.
Bloomberg.com · +14 outlets
Nvidia invests in AI video startup Higgsfield alongside TCV
The investment extends Higgsfield's Series B and signals Nvidia's continued push into generative media across marketing and entertainment.
Variety · +14 outlets
US proposes curbs on investment in Chinese biotech firms
The restrictions could complicate financial ties at a time when US drugmakers increasingly look to China for new medicines.
Bloomberg · +13 outlets
China barely eased austerity before shifting to stimulus mode
The timing of Beijing's pivot suggests fiscal tightening persisted longer than markets expected before stimulus measures arrived.
Bloomberg.com · +2 outlets
SK data center arm in talks to fund $350 billion AI buildout
The financing talks illustrate the scale of capital required for AI infrastructure and the growing role of Asian conglomerates.
Bloomberg.com · +14 outlets
Spotify hits 306 million paid subscribers in Q3, beating key targets
Ad revenue growth also improved, supporting the audio giant's push for profitability.
Variety · +9 outlets
Ukraine partners with Nokia and satellite maker ICEYE in hunt for Starlink alternative
The partnership reflects European efforts to reduce dependence on US satellite communications for military and civilian connectivity.
CNBC · +9 outlets
Blackstone chip bet drove a debt boom that's upending credit markets
The firm's semiconductor-linked financing has become a significant force in credit markets as AI infrastructure demand surges.
Bloomberg.com · +1 outlets
Google updates privacy policy that may use Gmail and Photos data to target ads
The change adds an exception to prior promises, raising consumer privacy concerns around personalized AI features.
The Verge

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