Archive snapshot · Economy
Wed, Oct 28, 3:16 AM ET
Anthropic Files for IPO as First Frontier AI Lab to List, Warning It Needs Much More Cash
Anthropic's filing marks the first frontier AI lab to seek a public listing, with the company warning it will need substantially more capital and remaining sile
Bloomberg.com · +14 outlets
OpenAI Plans to Buy Google AI Chips as Part of Its Infrastructure Build-Out
The move would diversify OpenAI's chip supply beyond Nvidia and deepen its ties with Google as it races to scale AI compute.
Bloomberg · +14 outlets
Ambani's Jio Surges in Debut After India's Record $3.1 Billion IPO
Jio Platforms raised a record $3.1 billion in India's largest IPO and rose as much as 23% on debut.
Bloomberg · +3 outlets
SK Hynix Profit Jumps Sevenfold, Plans $45 Billion Return to Shareholders
SK Hynix's earnings beat and record shareholder payout reinforced investor confidence in the AI infrastructure build-out that is driving memory chip demand.
Bloomberg · +7 outlets
Banks Eye $21 Billion of Bonds for Broadcom Chip-Financing Deal
The bond sale illustrates how debt markets are increasingly funding the AI hardware build-out.
Bloomberg · +12 outlets
SpaceX and Tesla Boards Weigh a Merger, With Tesla Shareholders Key
The two companies are weighing a combination that would require approval from Tesla's public shareholders.
Bloomberg.com · +14 outlets
Robotics Startup Physical Intelligence in Talks at Roughly $20 Billion Valuation
The deal would make the robot software startup one of the most valuable private AI companies.
Bloomberg · +14 outlets
New Mexico Judge Orders Meta to Pay $25 Billion in Child Safety Case
The New Mexico order dwarfs the earlier multistate settlement and could shape how states pursue platform liability cases.
The Verge · +13 outlets
SpaceX Agrees to $40 Billion Chip-Financing Deal With Apollo
The Apollo deal is among the largest private credit financings tied to AI hardware.
Reuters · +13 outlets
Nvidia-Backed Zankore Launches $3.1 Billion GPU Loan
The financing adds to a wave of capital flowing into Asian AI infrastructure, with Nvidia backing the borrower.
Bloomberg · +9 outlets
Instagram Tests Videos Up to 90 Minutes and Launches on Apple TV, Still Without Creator Ad Share
The test of longer video and an Apple TV app expands Instagram's entertainment ambitions, but creators still receive no share of ad revenue.
Variety · +14 outlets
Lula Wins Brazil's Presidential Election in Surprise Comeback
The leftist president's comeback victory upended expectations and rattled Brazilian markets.
Bloomberg.com · +14 outlets
China AI Hardware Firms Face Earnings Test After Stock Selloff
Chinese hardware makers face high expectations after a sharp sector selloff.
Bloomberg · +14 outlets
Apple Prepares Touch-Screen MacBook Pro at Likely $2,899 Price
The planned touch-screen MacBook Pro follows Apple's bet that consumers will pay a premium for new form factors.
Bloomberg · +4 outlets
BlackRock's Rieder Works Weekend Deals in AI Debt Rush
Debt financing for AI data centers and hardware has become a major channel for institutional investors.
Bloomberg · +2 outlets
South Korea's Economy Beats Forecasts on AI-Driven Chip Boom
Semiconductor demand powered stronger-than-expected growth in South Korea.
Bloomberg · +13 outlets
Polymarket Faces Renewed CFTC Probe Over US Access to Offshore Platform
The renewed probe focuses on US users' access to the platform's offshore venue.
CNBC
French Bond Rout Overshadows ECB Succession
Political risk in France is driving investors to price in wider spreads and is complicating ECB succession talks.
Bloomberg.com

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