Marc Sabatini

Oracle filed to raise $20 billion in stock and bonds, Anthropic disclosed $33.24 billion in nine-month revenue ahead of its IPO, and Marvell announced an all-stock deal valuing Lumentum at $115 billion — all on the same Monday morning.

3 DAYS AGO

S&P Global Ratings revised Meta Platforms' credit outlook from stable to negative, pointing to the company's $135–$145 billion capital expenditure forecast and its first-ever quarter of negative free cash flow of $2.12 billion.

5 DAYS AGO

Intel shares plunged 21% after the chipmaker's fourth-quarter guidance missed estimates by a wide margin, blaming a PC market slowdown and the fallout from a fatal fab explosion in Israel. Separately, Microsoft announced plans to raise $25 billion in bonds to fund its AI infrastructure buildout.

6 DAYS AGO

SK Hynix posted record third-quarter revenue of 104.62 trillion won and operating profit of 83.33 trillion won, surging 632.1% year on year, as demand for AI high-bandwidth memory continues to drive the South Korean chipmaker's results.

8 DAYS AGO

SpaceX has closed $40 billion in debt financing to acquire Nvidia GPUs, with the chips expected to arrive in the first and second quarters of 2027. Elon Musk warned that more than 200 neocloud companies face failure as AI debt markets tighten.

10 DAYS AGO

A UEFI bootkit named BlackX, attributed with medium confidence to Chinese state-sponsored group APT41, exploited the Baton Drop vulnerability to bypass Secure Boot on fully patched Windows systems in a 2026 espionage campaign targeting Central Asian diplomatic agencies.

10 DAYS AGO

Apple's iPhone Duo foldable launched globally on Friday, drawing scalpers offering $448 premiums outside the Beijing flagship store as supply constraints fueled early demand in the world's largest foldable phone market.

12 DAYS AGO

SpaceX's Starshield terminals in Ukraine remained speed-limited as of Friday, Oct. 23, with President Zelenskyy and other officials contradicting President Trump's claims that service had been restored since Oct. 14.

13 DAYS AGO

The Treasury Department has proposed expanding the Outbound Investment Security Program to restrict U.S. investments in AI, quantum technologies, and high-performance computing flowing to China, Russia, and North Korea.

13 DAYS AGO

Etsy is banning the sale of AI-generated recipes, patterns, and instructional guides on its marketplace, citing buyer confusion over AI content as one of the top barriers to shopping on its platform.

13 DAYS AGO

ABC affiliates say Disney's decision to air Super Bowl LXI across Disney+, ESPN2, ESPNU, NFL Network, and other platforms could cut broadcast-associated advertising revenue by as much as 35%, reigniting tensions over streaming and broadcast exclusivity.

13 DAYS AGO

Generative AI adoption in Southeast Asia has reached 243 million users in under three years, driven by enterprise applications in e-commerce, advertising, and customer service rather than consumer subscriptions, according to a new report by Google, Temasek, and Bain & Company.

14 DAYS AGO

Elon Musk has pledged to give every child in America a share of SpaceX next year, likely through the Trump Account program — but Treasury rules would bar recipients from selling the stock for up to five years, regardless of the company's financial condition.

16 DAYS AGO

Anthropic is in talks with U.K. neocloud Nscale for a second deal worth around $45 billion to lease computing capacity at a 460-megawatt data center in West Virginia, a person familiar with the matter said.

16 DAYS AGO

Economists and labor researchers warn that women face disproportionate exposure to AI-driven job losses, citing their concentration in clerical and administrative roles — a pattern echoed by the automation of telephone switchboards, which eliminated an estimated 75,000 jobs held overwhelmingly by women.

17 DAYS AGO

Elon Musk has settled two Austin, Texas lawsuits alleging his 2024 $1 million-per-day voter sweepstakes was fraudulent, with settlement terms kept confidential. The suits claimed winners were not chosen randomly and that the promotion was designed to harvest personal data.

19 DAYS AGO

E.l.f. Beauty CFO Mandy Fields says the company is directing most of a roughly $50 million tariff refund toward marketing, while selectively keeping prices low only for the 10% of products that saw meaningful sales gains after rollbacks.

20 DAYS AGO

Director of National Intelligence Jay Clayton warned Friday that AI-related foreign espionage is a reality for both U.S. companies and the government, pointing to the federal case against a former OpenAI employee accused of installing a recording device in an executive conference room.

20 DAYS AGO