Global markets are extending their sell-off as concerns mount over AI stock valuations and Federal Reserve rate cut uncertainty. The tech-heavy Nasdaq dropped 2.3% while Asian markets followed with significant losses. Michael Burry’s decision to close his hedge fund adds to the growing apprehension
SoftBank Group shares plunged over 8% on Friday, marking the third straight day of declines. The selloff comes after the Japanese investment giant disclosed it sold its entire stake in Nvidia for $5.83 billion in October.
Intel just confirmed two major developments that signal a serious competitive response to AMD. Both AVX10.2 support in Nova Lake and XeSS Frame Generation for Meteor Lake iGPUs are back on track after recent uncertainty.
Philippe Laffont of Coatue Management delivered a stark warning about the state of U.S. IPOs at CNBC’s Delivering Alpha conference. He argued the market has fundamentally broken down compared to decades past, creating unfair conditions for everyday investors.
Two months after 300 South Korean nationals were detained in a Georgia immigration raid, some have returned to work at Hyundai’s electric vehicle manufacturing site. The workers were originally detained for expired visas or working on visa waivers. Construction has now resumed on the battery plant w
Despite widespread fears about AI replacing workers, new research from Bank of America Institute finds minimal evidence of job displacement. The data shows a weak correlation between AI adoption and employment changes, with some sectors even showing positive relationships. The findings suggest we’re
Firefox users are pushing back hard against Mozilla’s new AI Window feature before it even launches. Community forums show overwhelming opposition to AI integration, with many demanding simple ways to turn it all off completely.
Amazon has officially rebranded its Project Kuiper satellite internet constellation to Amazon Leo. The company is now signing up corporate customers and plans to launch service in 2026 with over 3,200 satellites in low Earth orbit.
Cisco is acquiring NeuralFabric, a small Seattle-area AI startup founded by Microsoft veterans. The deal aims to strengthen Cisco’s enterprise AI offerings with NeuralFabric’s distributed systems expertise.
The creator of PUBG is planning a massive 100v100 FPS game as part of a three-title roadmap. His studio’s first release, a survival roguelike using AI generation, launches November 20 in early access.
