The AI debt bill comes due: neocloud bonds trade like distress
The AI boom has a borrowing problem. For two years, the question was how much AI demand there was. Now it’s who c…
Artificial Intelligence
Kospi plunges 4% on AI jitters, yet SK seeks $350B for data centres
The AI build-out is still accelerating even as markets question how it will be paid for. Thursday showed both sides of t…
Profits up, headcount down: AI in banking has moved from pilot projects to the payroll.
Barclays will cut about 5,000 jobs, roughly 5% of its workforce, by the end of 2026, including about 1,000 already cut i…
China’s tech giants order $35B of Nvidia’s export-compliant chips
Washington banned Nvidia’s best chips from China, so China is buying the next best thing in bulk. ByteDance, Alib…
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…
AI IPO chill: Korea’s Elice crashes 30% on debut
The AI infrastructure trade just met reality. Seoul’s Elice, which builds AI cloud services and modular data centr…
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…
EU opens first AI Act probes into OpenAI, Anthropic over rogue agents
Brussels has started enforcing its AI rulebook, and the first two companies in its sights are OpenAI and Anthropic. Spea…
AI debt jitters wipe $1 trillion off top 20 AI and chip stocks
The AI boom just got its first real credit check, and the bond market isn’t impressed. A week-long global sell-of…
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…
Growth Without Jobs?: US, Mexico and Canada in 2026
The US economy will grow 2.3% in 2026, straight through a 41% oil price spike. In July it shed 23,000 jobs. The IMF thin…
State Street Admits It Underestimated the AI Boom’s Staying Power
Lori Heinel, the Global Chief Investment Officer (CIO) of State Street Global Advisors is currently attending and s…
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…
Cloudflare absorbs Deno team; Node.js creator’s runtime to wind down
Cloudflare is taking in the startup co-founded by Node.js creator Ryan Dahl, a longtime competitor, and the entire team …
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…
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 …
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 …
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…
JPMorgan pitches 11% yield on $5B AI chip loan, a record high
JPMorgan is marketing a $5 billion leveraged loan for Volta Infrastructure Holdings at a yield of about 11%. That is on…
AI-driven hackers hit all five of South Korea's biggest banks
South Korea’s financial sector is on high alert after an aggressive, multi-day cyberattack targeted five major com…