10-29
Samsung posts record profit as shares fall nearly 5% amid AI chip shortage warning
Samsung's semiconductor division contributed 106.5 trillion won. The company warned that a memory chip supply shortage will worsen in 2027.
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10-28
Jio Platforms shares soar 27% on historic debut, close at Rs1,418 with Rs13 lakh crore market cap
Reliance Industries’ digital arm ends its blockbuster listing day with a 27% gain over the issue price of Rs 1,119, emerging as India’s second-most valuable listed company after its parent.
10-27
AI’s Taiwan problem: Why Anthropic is worried about its chip supply
Anthropic’s IPO filing warns that dependence on Taiwan Semiconductor Manufacturing Company and limited capacity for advanced chips could constrain its computing supply
10-20
Who gets a share of AI wealth? Anthropic and Musk have different answers
Anthropic will dedicate 5 per cent of its shares to a public-benefit fund, while Elon Musk has pledged SpaceX shares to American children, offering two different ways to distribute technology wealth
10-16
Investors weigh lower valuation for Anthropic's $2 trillion planned IPO
Anthropic's planned initial public offering is being assessed at a lower valuation than previously expected, with some investors discussing a figure of about $1.5 trillion, Reuters reported. That compares with the roughly $2 trillion valuation anticipated earlier. The company told prospective investors that third-quarter revenue rose 45% sequentially to $16.8 billion. It has also committed to $518 billion in AI-related spending.
10-15
South Korea's KOSPI tumbles 7.6% as AI spending doubts collide with persistent US inflation
South Korea's KOSPI fell 7.57 per cent to a six-month low, with Samsung Electronics and SK Hynix leading the declines. US consumer prices rose 3.7 per cent year on year in September, above expectations, hardening views that inflation is sticky and keeping the prospect of further Federal Reserve rate hikes alive. Those rate concerns weighed on technology valuations, while doubts grew over the sustainability of returns on AI investment. Foreign investors net sold about $2.68 billion of South Korean shares on the day.
10-14
US inflation rises to 3.7% in September, core CPI beats estimates
US consumer inflation climbed to its highest level in four months, while core CPI rose to 2.6 per cent year-on-year, exceeding market expectations and strengthening the case for a cautious Federal Reserve.
10-10
Trump shares Ukraine deescalation proposals with Putin, Kremlin says
Moscow says Putin received Washington’s proposals with understanding as US, Ukrainian and European officials meet in Miami to explore a way out of the deadlock.
9-29
Anthropic says AI could reshape the economy beyond electricity and the internet as it reports a $42 billion 2025 loss
Anthropic said in its IPO prospectus that 2025 revenue rose 12-fold to nearly $4.6 billion, while net loss totaled $42 billion and operating loss exceeded $8 billion. The filing also shows the company plans to take on $518 billion in cloud, computing and infrastructure obligations in the coming years. Anthropic’s IPO valuation could top $2 trillion.
