Homechevron_rightArchiveschevron_rightBusiness and Economy

Archives

Explore Stories by Date

21 Oct 2026

Meta Launches $95 Billion Stock Offering to Fuel Massive AI Infrastructure Push

Meta announced a $95 billion stock offering to fund its aggressive AI expansion, backed by chipmakers Nvidia, AMD, and Broadcom as cornerstone investors. The move comes as the company projects capital expenditures up to $145 billion this year and commits $825 billion for future AI infrastructure investments.

63 Sources

Southeast Asia's AI Adoption Soars to 243 Million Users as Digital Economy Hits $368 Billion

Southeast Asia's digital economy surged 17% to $368 billion in 2026, powered by generative AI adoption reaching 243 million users—58% of the working population. The e-Conomy SEA report by Google, Temasek and Bain & Company reveals AI is scaling four times faster than mobile internet, transforming e-commerce, travel and advertising while projecting the region will exceed $1 trillion by 2035.

3 Sources

OpenAI Takes ChatGPT Ads Global With Expansion to 26 New Countries Amid Revenue Push

OpenAI announced a major global expansion of its ChatGPT Ads program to 26 additional countries, bringing total availability to 89 nations. The move comes as the company's advertising business hit $1 billion in annualized revenue and over 100,000 advertisers have launched campaigns, signaling OpenAI's aggressive push to diversify revenue streams ahead of a potential IPO.

4 Sources

Super Micro Computer Shares Surge 12.9% as Revenue Guidance Jumps $4 Billion on Booming AI Demand

Super Micro Computer shocked Wall Street by raising its Q1 fiscal 2027 revenue guidance to $18.5-$19.5 billion, up from $14.5-$15.5 billion. The AI server maker's preliminary financial results beat analyst expectations by 26.7% as strong demand for AI platforms drove the dramatic upward revision. SMCI shares jumped 12.9% in premarket trading following the announcement.

9 Sources

Ken Griffin Says Investors Almost Certainly in AI Bubble as Corporate Value Extraction Struggles

Citadel founder Ken Griffin declared investors are almost certainly in an AI bubble at the Future of Global Markets Conference, citing uneven corporate value extraction from AI models. Despite warning of GPU pricing risks and mounting debt, Griffin expects survivors to lead markets for decades, drawing parallels to the dot-com bubble.

4 Sources

India AI Market Could Add $100 Billion Through IPOs Over Next Five Years, Goldman Sachs Predicts

Goldman Sachs projects India's listed AI market could gain $50-100 billion in market capitalization from AI IPOs over the next two to five years. The investment bank identified 84 private AI firms valued at $55 billion, with 25-50% expected to go public. Private equity funding for Indian AI startups tripled to $5 billion in 2025, signaling accelerated investor interest in the sector.

2 Sources

ECB Says AI Investments and Greener Economy Help Euro Zone Navigate Energy Shock Despite Oil Surge

The European Central Bank reports the euro zone economy has demonstrated unexpected resilience against this year's energy shock. ECB economists attribute this economic stability to reduced fossil fuel dependence, a 0.5% GDP fiscal impulse, and an AI investment boom driving technology exports. However, they caution these tailwinds may prove temporary as geopolitical tensions persist.

3 Sources

Zoom Advances Channel-First Strategy With AI Monetization and Partner Program Enhancements

Zoom announced major updates to its partner program at Zoomtopia Partner Connect, reinforcing its channel-first strategy after two years of transformation. With 90% of top customer experience deals now flowing through partners and help tickets down 46% year-over-year, the company is expanding AI monetization opportunities and introducing simplified incentives to accelerate partner growth.

2 Sources

State of Observability 2026: 55% Can't Control AI Costs as Agentic AI Adoption Surges

Cisco's State of Observability 2026 report surveyed 2,050 ITOps and engineering professionals across 10 countries, revealing 55% struggle to control AI expenses and 83% fear unintended consequences of AI agents. Organizations face financial predictability challenges as agentic AI adoption accelerates.

4 Sources

SpaceX Locks in $40 Billion GPU Financing Deal with Apollo to Power AI Infrastructure Expansion

SpaceX secured a $40 billion financing deal with Apollo Global Management to lease AI chips and data center equipment over five years. The agreement marks the largest committed GPU financing as SpaceX's Super Intelligence business now generates $7.6 billion in quarterly revenue, surpassing its traditional space operations.

27 Sources

20 Oct 2026

Salesforce to Acquire Braze for $5.66 Billion to Strengthen AI Marketing Capabilities

Salesforce announced plans to acquire customer engagement platform Braze for approximately $5.66 billion in cash, paying $47.50 per share—a 58% premium. The deal brings Braze's real-time messaging, AI-powered personalization, and multichannel marketing automation into Salesforce's Marketing Cloud, strengthening its position as businesses increasingly turn to AI solutions amid concerns about a SaaSpocalypse threatening legacy software models.

4 Sources

HSBC CEO Warns AI Boom Won't Make Every Data Center a Good Bet as Spending Nears $7 Trillion

HSBC CEO Georges Elhedery cautioned investors to be selective when financing data centers despite calling AI transformational. He emphasized the importance of evaluating contract pricing and tenant quality as global data center spending could reach $7 trillion by 2030, while hyperscalers raise trillions in debt.

2 Sources

San Francisco Centre Mall's AI Data Center Proposal Divides Downtown Revival Hopes

Maryland-based KG Growth Partners has proposed converting San Francisco Centre into a mixed-use AI facility, dedicating one-third to technology operations while preserving public-facing spaces. The plan emerges as Mayor Daniel Lurie implements a 45-day moratorium on new data centers, with struggling local businesses questioning whether the project will restore desperately needed foot traffic to downtown's most visible vacancy.

3 Sources

OVHcloud to Launch First AI Model in 2027 With 110 MW of Available Cloud Capacity

French cloud computing company OVHcloud announced plans to launch its first AI model in early 2027, built using a mixture-of-experts design on Jupiter supercomputer. CEO Octave Klaba revealed that 110 MW of the company's 250 MW connected capacity remains available for new clients, positioning OVHcloud as a potential European challenger to Mistral AI.

2 Sources

Power Infrastructure Emerges as the Biggest Bottleneck Choking AI Data Centers Growth

Goldman Sachs identifies power infrastructure as the primary constraint on AI expansion, projecting 170% surge in global data center power demand by 2030. Microsoft's withdrawal from a major UK AI project highlights how grid connection delays are forcing tech giants to rethink their AI race strategy.

6 Sources

Get all updates into your inbox 💌, Stay Up-to-date for Free 🥳