Marvell to acquire Lumentum for $115 billion in all-stock AI connectivity deal
The all-stock acquisition is one of the largest AI infrastructure deals yet, consolidating optical networking capacity as hyperscalers race to build out data ce
WSJ · +14 outlets
Apple beats Wall Street expectations on higher prices, but narrowing margins cloud outlook
Apple's first quarterly report under CEO John Ternus showed record Services revenue of $31.6 billion alongside tightening profit margins and slowing services gr
Bloomberg · +13 outlets
Anthropic files amended IPO prospectus with third-quarter financials
The AI model maker's move toward a listing comes as the IPO window stays largely closed to other private companies.
CNBC · +13 outlets
Disney plans thousands of layoffs, asking managers to target 20 percent cost savings
The entertainment giant is moving toward significant job cuts as it looks to reduce annual costs.
Bloomberg · +14 outlets
Binance says hackers used fake job interviews in $6.3 billion heist; withdrawals resume
The exchange's detailed postmortem attributes the record crypto theft to social engineering and malware, a day after withdrawals resumed.
Bloomberg · +14 outlets
Google turns off Search entirely in schools that reject its AI features
Google is disabling Search access in districts that decline Gemini and related AI tools, escalating a fight over AI in classrooms.
The Verge · +14 outlets
OpenAI says ChatGPT search queries now equal 20 percent of Google's volume
OpenAI is framing ChatGPT as a growing challenger to Google's core search business as it pushes deeper into the query market.
The Verge · +14 outlets
Meta draws $58 billion in demand for US leg of cross-border bond
The bond sale tests investor appetite for Big Tech debt as skepticism grows over the scale of AI capital spending.
Bloomberg · +1 outlets
Service tied to OpenAI and Anthropic agent hacks blames human error
Israeli security firm Irregular Security said time pressure and human error, not model flaws, caused cyberattacks involving top AI agents.
Bloomberg · +8 outlets
AI inference startup Fal raises funding at a $16 billion valuation
Bessemer led a $1.3 billion round for the startup, which hosts image, video and audio models for creators and developers, doubling its valuation.
Bloomberg · +8 outlets
Palantir outlook signals potential slowdown in AI-fueled sales growth
The company's quarterly guidance pointed to decelerating growth despite its role as a key US military AI contractor.
Bloomberg · +6 outlets
Apple releases iOS 27.3 and watchOS 27.3 betas with always-on Watch AI listening, China AI, Health app
The developer betas introduce Siri Recap ambient listening on Apple Watch, a revamped Health app and Apple's China AI platform.
Bloomberg · +14 outlets
Shopify shares plunge as revenue misses for the first time since 2022
The e-commerce platform's quarterly revenue fell short of analyst expectations, its first miss in four years.
Bloomberg · +9 outlets
Goldman's Molavi says 60 percent of S&P 500 sits in bear market territory
The observation highlights unusually narrow market leadership even with the index near record highs.
Bloomberg · +2 outlets
Goldman restricts traders and bankers from using some AI tools
The bank's curbs on employee AI access have drawn internal complaints as financial firms weigh productivity against risk controls.
Bloomberg · +14 outlets
Sam Altman signs energy and investment deals in the UAE
The OpenAI CEO tied the agreements to his view that AI will transform the economics of energy.
Bloomberg.com · +8 outlets
Match Group drops after sales and profit outlook miss estimates
The dating app owner posted weaker-than-expected revenue and guided to adjusted earnings below Wall Street forecasts.
Bloomberg
Trump says he may become 'Mr. Veto' if Democrats win midterms
The president's remark came as candidates made final appeals to voters on Election Day.
Bloomberg.com