Meta launches share offerings worth about US$35 billion amid AI spending
Chip suppliers Nvidia, AMD and Broadcom have expressed nonbinding interest in buying up to US$5 billion of the common stock, Meta said.
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Instacart weighs possible sale as Uber leaves talks, reports say
The grocery delivery company’s shares rose 9.2% after reports of discussions with potential buyers, including DoorDash.
Musk invests roughly US$1 billion in Skydance, reports say
The reported investment comes as the media group targets US$6 billion in savings over three years following its Warner Bros. Discovery takeover.
Huang makes case for Nvidia chips as collateral for loans
Nvidia’s CEO says software improvements and versatility can keep its AI accelerators productive for eight years or longer.
Meta’s future commitments total about US$825 billion as AI expansion continues
Bloomberg’s tally of regulatory disclosures includes US$454.5 billion in contracts that cannot be canceled and US$355.7 billion in leases not yet underway.
Barclays expects around 5,000 job cuts by end of 2026
The British lender reported a 12% rise in quarterly pre-tax profit, but weaker fixed income trading left earnings below analysts’ forecasts.
Tesla reports 43% profit decline amid higher AI and robotics spending
Optimus manufacturing has started in California, while Tesla is targeting initial Cybercab deliveries to customers by the end of 2026.
Ken Griffin warns of AI bubble but sees opportunities for entrepreneurs
Griffin said businesses have had uneven success getting value from AI models, even as developers prepare for further investment.
Astarta shares hit lowest level in more than two years
Trading in the Ukrainian agricultural group's stock was suspended after a 19.14% daily fall in Warsaw. Further losses followed on Oct. 21.
Dangote reports purchase of 25 percent stake in Kenya Pipeline Company
The Nigerian industrialist also has a $16 billion refinery project at Kenya’s Lamu port, with capacity of 700,000 barrels per day.
