Alphabet shares plunge over 13%, erasing $500 billion, as ad sales miss reignites AI fears
Alphabet's weak search and advertising results stoked investor fears that AI is eroding its core business and drove a record one-day market cap wipeout.
Bloomberg · +14 outlets
Microsoft raises $25 billion in first US investment-grade bond sale in nearly a decade
The jumbo offering drew about $115 billion in demand, showing investors are still funding Big Tech's AI infrastructure buildout even as AI-related debt piles up
Bloomberg · +14 outlets
Kalshi criminally charged by Utah over allegedly illegal online gambling promotion
The prediction market faces 14 state charges as regulators and courts increasingly scrutinize event-based betting platforms.
The Verge · +14 outlets
Marvell in advanced talks to buy Nvidia-backed Lumentum in AI optics megadeal
The deal would give Marvell control of a key data center optics supplier valued at about $83 billion as AI infrastructure demand grows.
Bloomberg · +4 outlets
Meta pressed by Senate Democrats over privacy and safety risks of AI glasses
Lawmakers are scrutinizing smart glasses over non-consensual recording and data collection used to train AI systems.
Bloomberg · +13 outlets
Canada and Nvidia back Cohere in funding round at over $20 billion valuation
The AI model maker's valuation roughly tripled from a year earlier, underscoring continued investor appetite for enterprise AI.
Bloomberg · +14 outlets
Thrive Holdings to acquire ADT in $7.6 billion all-cash deal taking it private
The deal, expected to close in Q1 2027, marks another large take-private transaction in the security services sector.
The Verge · +14 outlets
Investors may have absorbed all the AI-related bonds they can handle, analysts warn
Surging AI-linked debt issuance is testing market capacity, prompting banks and funds to hedge data center exposure.
Bloomberg.com · +14 outlets
Wendy's receives $1.4 billion bid from Nelson Peltz to take chain private
The offer comes amid broader struggles for fast-food burger chains facing weak traffic and margin pressure.
Forbes · +8 outlets
Jio Platforms surges over 27% in market debut, making Ambani group India's most valuable
The blockbuster listing breaks a long streak of disappointing Indian mega-IPOs and boosts Reliance's conglomerate valuation.
Bloomberg · +13 outlets
Data centers could push US power sector carbon pollution up 42% by 2030, analysis finds
The projected jump, driven by fossil fuel buildout for data center electricity demand, complicates the AI industry's climate commitments.
The Verge · +5 outlets
Trump administration keeps hosting podcasters at White House despite host burnout
The White House is sustaining its podcast outreach strategy for midterms even as some of the most popular political hosts show signs of fatigue.
Bloomberg · +4 outlets
FTC and eight states sue Toast over allegedly misleading subscription enrollment
The suit alleges the restaurant tech company falsely told customers they could try products free before enrolling them in subscriptions.
Bloomberg · +2 outlets
Nvidia CEO Jensen Huang says ties to Singapore firm under spying probe were 'normal'
Huang's comments follow a report that an executive of Megaspeed International is under investigation, raising questions about chip export channels.
Bloomberg · +14 outlets
Microsoft AI restructuring points to a smaller workforce ahead
Exit offers and Nadella's recent remarks signal that AI adoption is set to fundamentally reshape Microsoft's headcount.
The Verge · +7 outlets
Google adds file generation and editing for Docs, Sheets, and PDFs inside Gemini chats
The feature, available to all Gemini users, deepens Google's push to embed its AI assistant across productivity workflows.
The Verge · +13 outlets
Aurora says driverless trucks on track for 2027 after missing earlier goals
The autonomous trucking company is shifting to a driver-as-a-service model as it pushes toward profitability.
Bloomberg · +1 outlets
Anthropic's IPO plan comes with a warning that it will need much more cash
The filing raises questions about the AI lab's capital needs and the timing of a listing amid market volatility.
Bloomberg