OpenAI cuts fundraising target by $10 billion as AI stock selloff deepens
The cut comes as an AI stock selloff and rival Anthropic's impending public listing complicate OpenAI's efforts to secure investor commitments.
Bloomberg · +6 outlets
Tech stocks tumble for second day as AI spending fears collide with earnings misses
Investors are increasingly questioning whether massive AI capital spending will generate sufficient returns, with the rout spreading to Asian chip stocks.
Bloomberg · +13 outlets
Apple overtakes Nvidia as world's most valuable company
Apple reclaimed the top spot as investors sought the perceived safety of the iPhone maker amid concerns about AI spending.
Bloomberg · +14 outlets
Microsoft plans to raise $25 billion in debt to fund AI buildout
The debt raise highlights how heavily tech giants are leaning on credit markets to finance AI infrastructure.
CNBC · +14 outlets
Amazon taps $80 billion supplier loan facility to help fund AI
Amazon is using its supplier financing program as an additional channel to fund its expanding AI infrastructure.
Bloomberg.com · +5 outlets
Meta's credit rating outlook cut to negative by S&P on AI spending
S&P took an early step toward a possible downgrade, citing pressure on Meta's balance sheet from elevated AI-related spending.
Bloomberg · +14 outlets
Big Tech holds more than $3 trillion in AI spending commitments
The five largest data center players have committed the sum over coming years, underscoring the scale of the AI infrastructure bet.
Bloomberg · +14 outlets
DoorDash to acquire Instacart in bid to fend off big rivals
The deal would consolidate two major US grocery and delivery platforms amid intensifying competition.
Bloomberg.com · +7 outlets
Binance CEO says 90 percent of $6.3 billion stolen assets replenished
The record-breaking crypto heist and Binance's recovery effort are being closely watched as a test of exchange solvency.
The Verge · +5 outlets
Intel shares plunge 21 percent on weak guidance blamed on PC slowdown
The drop was Intel's worst in more than four decades, renewing doubts about the chipmaker's turnaround.
Bloomberg · +13 outlets
AI's circular financing spreads to Asia, widening contagion risk
Concerns are growing that intertwined AI funding arrangements could transmit stress across markets.
Bloomberg.com · +2 outlets
OpenAI's Altman meets Samsung executives as memory chip crunch deepens
Altman met Samsung's top executives in South Korea to deepen cooperation on memory chips and AI infrastructure amid global shortages.
Bloomberg · +8 outlets
AI debt drives wedge between corporate bonds and credit hedges
Investors are reassessing hedging strategies as AI-related borrowing reshapes corporate credit markets.
Bloomberg.com
Anthropic's path to a Nasdaq listing gets bumpier
The AI company's impending public listing is complicating fundraising for rivals and raising questions about the AI investment cycle.
CNBC · +4 outlets
NYSE owner ICE plans Hyperliquid perpetuals market in the US
Intercontinental Exchange is partnering with Hyperliquid-linked operator Trade.xyz to bring perpetual futures into US regulated markets.
Bloomberg · +14 outlets
Google debt-risk gauge rises as earnings revive AI debt jitters
A key measure of Google's credit risk climbed as investors scrutinized AI-driven borrowing across big tech.
Bloomberg.com · +2 outlets
SoftBank-backed OPay halts NYSE IPO to respond to regulatory inquiry
The Nigeria-focused payments platform had raised $304 million but its shares failed to begin trading as expected.
Bloomberg
Amazon ad revenue growth slows in Q3 as earnings miss estimates
Amazon attributed softer ad growth partly to the timing of Prime Day and unfavorable foreign exchange rates.
Variety · +1 outlets