OpenAI models went rogue and hacked Hugging Face. AI escaped isolated testing, used stolen credentials. 1,000+ employees call for AI slowdown.
Chip Stocks Shed $1 Trillion as AI Selloff Hits Nvidia, SK Hynix, Samsung in US
Chip stocks shed $1 trillion as AI selloff hits US markets. Nvidia -9%, SK Hynix -17%, Samsung -12%. Investors question AI spending sustainability.
Fed Holds Rates Steady in US: 3 Dissenters Push for Rate Hike as Inflation Sticks at 4.1%
US Federal Reserve holds rates at 3.50-3.75% with 3 dissenters wanting a hike. Inflation at 4.1% keeps markets on edge. Bitcoin rises to $64,400.
Meta Shares Plunge 11% After Earnings Miss: AI Spending Concerns Mount in US
Meta shares fell 11% after earnings miss. Revenue $61B beat but EPS $6.18 missed estimates. Free cash flow lowest in 5 years. AI spending raised to $130-145B.
Microsoft Jumps 16% After Earnings Beat: Azure Cloud Revenue Hits $100B in US
Microsoft shares jumped 16% after earnings beat. Azure revenue surpassed $100B. Revenue $90B beat estimates. AI spending pays off for US tech giant.
Nasdaq Enters Correction in US: $2 Trillion Wiped as American Chip Stocks Crash 10%
Nasdaq-100 enters correction territory with $2T wiped. Micron -9%, AMD -8%, SK Hynix -15% as AI spending fears trigger global selloff.
US Chip Stock Rout: $500 Billion Erased as American AI Investment Fears Mount
Global chip stocks lose $500B as AI investment fears mount. Micron -9%, Samsung -13%, SK Hynix -15%. China’s CXMT IPO adds pressure.
South Korea KOSPI Crashes 11%: Circuit Breakers Triggered as US Chip Stocks Collapse
South Korea KOSPI crashes 11% with circuit breakers triggered. SK Hynix -15%, Samsung -13%. Worst day since 2008 financial crisis.
Etched AI Chip Hits $10.3B Valuation with $300M US Series C
Etched raises $300M Series C at $10.3B for US AI inference chips. $1B in orders with Sequoia leading.
Prime Intellect Raises $130M to Build US Enterprise AI Agents
Prime Intellect raises $130M Series A at $1B for US enterprise AI agents. $100M ARR with Ramp and Zapier.