IMF chief Kristalina Georgieva says U.S. growth cannot quickly close the budget gap as federal debt exceeds $40 trillion and interest costs reach $1.05 trillion.
Replit CEO Amjad Masad said the coding platform ended its Anthropic relationship and will favor OpenAI, citing cost, partnership terms, and model performance.
Meta’s commercial terms taking effect October 30 appear to authorize crawling linked business websites, raising concerns that publishers’ content could train AI without payment.
AI stocks faced a broad selloff as hot inflation data, rising rates and doubts over data-center returns pushed investors to scrutinize spending and valuations.
Blackstone has assembled a multibillion-dollar AI strategy spanning data centers, Google TPU infrastructure, chip financing and investments in leading AI companies.
Nscale is seeking up to $3 billion in an IPO while delays at its flagship Norway data center intensify investor scrutiny of its $35 billion valuation.
Anthropic’s unnamed early backer forecasts a post-IPO valuation of up to $2.4 trillion, ahead of SpaceX, before the AI company files its S-1.
Anthropic told prospective investors its third-quarter revenue reached $16.8 billion, a 45% increase that strengthens the AI company’s case ahead of a planned IPO.
Apple plans to launch Apple Intelligence in mainland China in December after regulatory delays, using Alibaba-backed models tailored to local requirements.
CoreWeave shares fell as much as 18% while CEO Mike Intrator defended accelerated infrastructure spending, a $104 billion backlog, and the company’s debt-funded growth strategy.
YouTube Music is rolling out labels for songs made with generative AI, giving listeners details about AI’s role in composition, vocals, or production.
Epic Games has released a preview of a redesigned launcher that it says starts faster than Steam, supports Linux, and was built with AI assistance.
Michael Saylor criticized MSCI over a possible index removal while defending Strategy’s Bitcoin treasury model and forecasting a return above $100,000.
JPMorgan missed earnings expectations while several major banks posted strong third-quarter profits, as executives said higher rates and inflation threaten momentum but IPO activity remains delayed.
Brent crude traded at $107.29 per barrel on Oct. 13, 2026, down from the prior day but up 68.45% from a year earlier.
