Binance hit by $6.3 billion hack, the largest crypto theft on record; $3 billion frozen
Binance suspended deposits and withdrawals after hackers siphoned $6.3 billion, the biggest heist in crypto history, with investigators and reports blaming susp
Bloomberg · +14 outlets
Nasdaq 100 set to enter correction as AI spending fears and weak big-tech earnings roil markets
The index is down about 10% from its Oct. 6 record as investors react to soaring AI capex at Amazon and a bleak Intel PC outlook, with Asian chip stocks also sl
Bloomberg · +13 outlets
Amazon taps $80 billion supplier loan facility to help fund AI buildout
Amazon set up supplier financing arrangements to borrow against hardware purchases, a move to preserve financial flexibility as AI spending climbs.
Bloomberg · +6 outlets
Intel posts worst stock rout in four decades on weak PC forecast
A deepening PC slump and supply-chain snags drove Intel's bleak outlook, renewing doubts about its turnaround.
Bloomberg · +2 outlets
AI borrowing binge drives record global bond sales and widens credit stress
Debt raised to fund AI infrastructure is pushing bond issuance to records while hedging costs and default-clause worries rise across corporate credit.
Bloomberg.com · +3 outlets
Anthropic IPO filing draws scrutiny over risk factors and timing
Anthropic's S1 filing revived debate about AI bubble risk and whether the company's listing is well timed, with commentary questioning how investors price catas
The Verge · +10 outlets
AWS CEO says AI to drive 40% growth as Amazon capex spooks investors
AWS grew for a sixth straight quarter and projects faster growth, but Amazon's higher-than-expected capex and slowest e-commerce growth in three years unsettled
Bloomberg · +1 outlets
Roblox shares tumble up to 21% on weak fourth-quarter guidance as daily users fall
Roblox gave a lackluster Q4 sales outlook after tougher child-safety measures weighed on daily active users, even as AI-generated content surged on the platform
Bloomberg · +7 outlets
Google says its AI satellite transmitted its first response from space
Google booted up Tensor Processing Units on its Project Suncatcher satellite, letting an on-board Gemma model respond from orbit.
The Verge · +14 outlets
Largest US grid plans March auction to secure data-center power capacity
The grid operator wants a special capacity auction if federal regulators approve revised rules on who pays for new generation to serve data centers.
Bloomberg · +14 outlets
Google debt-risk gauge rises as earnings revive AI debt jitters
A measure of Google's credit risk climbed after results renewed investor concern about the scale of AI-related borrowing.
Bloomberg · +3 outlets
YouTube Q3 ad revenue rises 9% to $11.2 billion as Alphabet misses estimates
YouTube's ad growth slowed from prior quarters as Alphabet's overall sales came in below expectations.
Variety · +8 outlets
Canada and Nvidia back Cohere in round valuing it above $20 billion
The AI model developer raised new funding with backing from the Canadian government and Nvidia.
Bloomberg.com · +14 outlets
Chevron keeps Microsoft West Texas data center timeline despite Texas permit pause
Chevron still expects to power the Microsoft data center project on schedule after Governor Greg Abbott suspended digital infrastructure permits.
Bloomberg · +5 outlets
AI policy fears grip stock and bond traders with midterms days away
Investors are hedging around AI regulation risk ahead of the midterm elections, with some warning the industry may regret its political alignment.
Bloomberg.com · +8 outlets
Maine data center fight becomes a decisive Senate race issue
Local resistance to data center development in Maine is shaping a Senate contest that could determine control of the chamber.
The Verge · +5 outlets
Amazon ad revenue growth slows as Q3 earnings miss estimates
Amazon's advertising growth decelerated, which the company attributed to Prime Day timing and unfavorable foreign exchange, leaving its stock needing cloud mome
Variety
ECB's Lane says AI is a significant contributor to euro-area growth
The ECB chief economist credited corporate AI investment and adoption for buoying the eurozone economy.
Bloomberg