Meta ordered to pay New Mexico $25B over Cambridge Analytica
The bill for Cambridge Analytica has arrived, nearly a decade later. New Mexico's Attorney General had sued Meta in…
Technology
Apple’s first foldable, the iPhone Duo, goes on sale at around $2,200
Apple is late to foldables, but it’s set to make the most money from them. For the price of Apple’s top fold…
SpaceX revenue soars 161%; Musk confirms Tesla merger committees
SpaceX just reported like an AI company. Q3 revenue jumped 161% to $14.58B, well past the $12.72B analysts expected. Ne…
Anthropic commits 5% of shares to fund tackling AI job loss
Anthropic is putting equity behind its worries about AI and jobs. The company plans to commit 5% of its shares to a new…
Japan pays up to $21B for two US chip fabs run by GlobalFoundries
Japan will fund up to $21 billion for two new chip factories in upstate New York, operated by GlobalFoundries. It is th…
TSMC posts a record $23.6B profit as AI demand overrides the chip sell-off
Chip stocks crash, TSMC’s profits don’t. The world’s biggest contract chipmaker grew net profit…
CoreWeave sinks 16% as its bond yield nears 15%
The AI boom has a borrowing problem, and on Wednesday the bond market started pricing it in. CoreWeave shares fell abou…
Bitcoins to Stablecoins part 2: Digital Money Has Only Three Doors
In Part 1, we followed digital money from Bitcoin's protest note to Visa's stablecoin. The story ended on an irony: cryp…
Nvidia eyes $25B Reflection AI: what happens if it buys successfully
Reflection AI was founded in 2024 by former DeepMind researchers Misha Laskin and Ioannis Antonoglou. It builds open-wei…
Data Centres Are Now War Targets?
Iran has put the Gulf's AI build-out back in the crosshairs. It has already hit these targets once this year, so the Gul…
Apple cuts iPhone 18 Pro orders up to 20% as $100 price hike bites
Apple cuts iPhone 18 Pro orders up to 20% as $100 price hike bites. Summary: Apple has reportedly told suppliers to cut…
Anthropic’s AI sent Philadelphia police a fake murder tip!
An Anthropic AI model filed a false homicide tip with Philadelphia police during automated testing. It’s the late…
OpenAI’s $20B revenue shortfall sparks Nasdaq’s worst day since August
A report that OpenAI’s revenue run-rate came in $20B below estimates rattled AI stocks. A second report of a $70B …
US freezes green-card pipeline for TCS, Infosys, Microsoft and five others
Washington has suspended eight tech and IT giants from the PERM labour-certification programme. That stalls the green-ca…
SpaceX spectrum grab sinks T-Mobile, AT&T and Verizon shares
SpaceX’s purchase of nationwide low-band spectrum moves Starlink closer to a direct-to-consumer phone service. Inv…
Samsung posts record ₩107.4T Q3 profit, first Korean firm past ₩100T
Samsung estimated Q3 operating profit at ₩107.4 trillion ($80.28B), the first time a Korean company has topped ₩100 …
Elon's Fourth Carrier: SpaceX Spectrum Deal Rattles US Telecom
SpaceX has bought its way into the mobile business. Late Thursday in the US (overnight in India), SpaceX agreed to buy …
Intelligence, now on clearance sale: GPT-6 goes free, Haiku cut 90%
OpenAI put GPT-6 in front of every ChatGPT user on the same day Anthropic slashed small-model prices to match. The AI p…
OpenAI's Jason Kwon Admits Response to Australian Government Breach Fell Short
OpenAI has conceded it got the cleanup wrong. Chief Strategy Officer Jason Kwon told Australian lawmakers on 6 October 2…
SpaceX Seeks $40 Billion in Debt to Buy Nvidia Chips, Despite a $100 Billion Cash Pile
SpaceX has more cash than most countries' central banks hold in reserve. It wants to borrow $40 billion anyway. SpaceX …
Finland Halts Work at Two Google Data Centre Sites
Google's largest single investment in Europe has run into a very Finnish problem: the paperwork came after the chainsaws…
C.H. Robinson buys RXO for $5.8B, betting AI can squeeze $300M in savings
The largest North American truck broker is getting bigger, and it says AI will pay for the deal. C.H. Robinson agreed t…
Schneider Electric bets $22.6B on PTC in its biggest deal ever
Schneider Electric agreed to buy PTC for $205 per share in cash, valuing its equity at about $22.6 billion. This move wh…
Onsemi cuts Synaptics deal to $5.7B, and both stocks jump
onsemi amends its Synaptics takeover to an all-cash $123/share deal worth $5.7B, down from $7B, after a rival bid. Both …
Micron's $54bn Quarter: Memory Is AI's New Choke Point
Micron's revenue nearly quintupled in a year as AI data centres soak up every memory chip it can make. Prices are rising…