Thursday, 29 October 2026
- Wall Street is punishing AI spending... and Amazon is the latest to feel it
Amazon earned $1.89 a share against forecasts of $1.96 to $1.97, on revenue of $201.9 billion against the $202.2 billion expected.
- Nasdaq falls 1.6% as Alphabet's AI spending worries spread across the tech sector
The Nasdaq fell 1.6% on Thursday as a sell-off in Alphabet, the Google parent, spread through chipmakers, software and the wider market.
- Kalshi raises $1 billion as valuation surges to $40 billion
Kalshi, the New York-based event-contract exchange, has raised $1 billion in a funding round that values the company at $40 billion.
- Jensen Huang reportedly surveilled over suspected Chinese intelligence contact
American officials concluded that Nvidia chief executive Jensen Huang had a "close relationship" with a Chinese businesswoman suspected of sharing intelligence…
- Cohere nears $5 billion Series E at sharp valuation jump
Cohere, the Toronto-founded company that builds large language models and enterprise AI tools for governments and regulated businesses, has reached the initial…
- Marvell shares slide on report of Lumentum takeover talks
Marvell Technology shares fell 11% after Bloomberg reported the chipmaker is in advanced talks to acquire Lumentum, potentially in an all-stock transaction…
- Ex-Tesla Autopilot chief slams camera-only driving as faith, not physics
Sterling Anderson, GM's chief product officer, has delivered the bluntest rebuke yet of Tesla's camera-only approach to self-driving system.
- Intel leak points to stripped-down Moon Lake chip for 2028
Intel is reportedly developing an entry-level processor family codenamed Moon Lake, according to a leak reported by TweakTown and attributed to hardware leaker…
- Forget the fuss: Microsoft's results were robust, so is today's dip a buying opportunity?
Shares in Microsoft were down 1% on Thursday, caught in the sell-off that followed Alphabet's shock third-quarter update, even though its own first-quarter…
- Mistral AI releases Large 4 model for cybersecurity defenders
Mistral AI, the French artificial intelligence startup, released its Large 4 model to the public on Thursday.
- ServiceNow shares plunge on earnings-driven AI fears
ServiceNow shares sank 24% on Thursday, putting the enterprise cloud software company on course for its worst trading day on record.
- Mintive raises seed round backed by Karpathy and Jeff Dean
Mintive, an early-stage startup building identity and governance infrastructure for enterprise AI agents, has raised $11 million total, including a newly…
- Nvidia opens up multilingual voice transcription model
Nvidia has released Nemotron 3.5 Transcribe, a free, open-weight model that transcribes audio in up to 40 languages and translates 31 of them to and from…
- Startup &Truth launches with $70 million to automate proving code is bug-free
&Truth, a startup that aims to verify code in any programming language, launched publicly on Thursday with $70 million of funding.
- Alphabet shares down 12% after Search slowdown triggers sell-off
The fall has wiped about $420 billion off the company's value.