News
Market news, earnings recaps, and daily moves in AI and semiconductor stocks.
FTC opens probe into Anthropic, OpenAI and other AI labs as Anthropic prepares its IPO
The FTC confirmed it is investigating AI developers including Anthropic and OpenAI over consumer risks. Executives could be compelled to testify as Anthropic prepares to list.
Meta's (META) Muse is on track to reach 5 million U.S. downloads faster than ChatGPT
Sensor Tower estimates Muse passed 5 million downloads in three weeks. Its report also shows how much of Meta's own ad space went into the push.
DeepSeek open-sourced programming tools for Huawei chips, taking aim at Nvidia's (NVDA) CUDA
DeepSeek released software for Huawei's Ascend chips, including a language the company says is simpler to program than Nvidia's CUDA. The tools are meant to reduce developers' reliance on CUDA.
HPE lands a $1.2 billion Vultr order for AMD (AMD) Helios racks and raises its networking outlook
HPE landed its first order for AMD Helios AI racks, worth $1.2 billion from Vultr, and raised its networking forecast. The release leaves out how many racks Vultr is buying.
Trump was set to pick first projects for Korea's $200 billion US fund, with $54 billion eyed for Alaska LNG
Trump named Alaska LNG and eight US nuclear reactors for Korea's $200 billion US investment fund, but Seoul has agreed only to a Texas gas plant. Any payment comes no sooner than 45 business days after Korea is notified.
Robinhood (HOOD) plans weekend stock trading and AI agents that can place trades inside the app
Robinhood plans weekend trading for a selected list of stocks and ETFs, pending regulatory review. Its new AI agents come with their own account and limits.
Army names 10 counter-drone suppliers worth up to $4.15 billion, including DroneShield and L3Harris (LHX)
The Army named 10 companies to a new round of counter-drone contracts, with ceilings up to $500 million each. Officials cited a bigger total, and the announcement lists no funding at award.
Thomson Reuters (TRI) wins AI copyright appeal against Ross Intelligence. The court's reasoning remains sealed
Ross Intelligence argued that training a legal search engine on Westlaw headnotes was fair use. An appeals court said no in what Reuters calls the first such ruling on AI training, and the court hasn't said why yet.
AI agents built on Alibaba (BABA) and DeepSeek models made false claims in most mock bids. Revising their strategies made it worse.
AI agents built on Alibaba, DeepSeek, and Moonshot AI models made false claims in most sessions of a simulated bidding contest, according to research reviewed by Reuters. China's own guidance lists bidding as a possible use for agents.
OpenAI reportedly seeks $30 billion at a $1.4 trillion valuation as its revenue run rate nears $70 billion
OpenAI is looking to raise at least $30 billion at about a $1.4 trillion valuation, Bloomberg reported. Its revenue run rate has jumped since July.
Trump's new America.gov runs on Alphabet's (GOOGL) Gemini and SpaceX's (SPCX) Grok
The White House's new America.gov chatbot answers questions from about 29,000 government websites. Officials named the two AI companies behind it, but not what the government is paying.
Japan's Resonac develops a 300mm silicon carbide wafer, following Wolfspeed (WOLF) and China's SICC
Resonac's new 300mm silicon carbide wafer has four times the area of today's standard size. It isn't the first, and it is not in commercial production yet.
Anthropic's $518 billion AI buildout: about 80% is reportedly locked in, even if the capacity goes unused
Anthropic must pay Google the difference if its compute spending falls short, Reuters reported, citing the IPO prospectus. Who else is locked in, and which deals can Anthropic cancel?
Korea's Daum plans limits on ChatGPT and other AI crawlers. Naver already restricts them.
Daum is preparing rules on how ChatGPT and other AI services can collect its content, the Korea Economic Daily reported. Naver already prohibits several major AI crawlers, but one analyst questions whether rules like these will be enough.
AMD agrees to buy Fei-Fei Li's World Labs for $8.2 billion in stock
AMD agreed to acquire World Labs, Fei-Fei Li's world-model startup, for about $8.2 billion in stock. Li will become AMD's chief scientist after closing, and the deal is AMD's second-largest after Xilinx.
Anthropic eyes $2 trillion-plus IPO valuation as prospectus reportedly shows $42 billion loss and massive compute commitments
Anthropic's IPO could value the company above $2 trillion, Reuters reported, citing a prospectus that shows a $42 billion loss for 2025. What drove that loss, and who would control Anthropic after the listing?
RTX's Raytheon wins AMRAAM contract worth up to $20.7 billion, with initial funding almost entirely from foreign buyers
The Air Force awarded Raytheon an AMRAAM missile contract worth up to $20.7 billion, with nearly all of the initial funding coming from foreign buyers. Industry executives warn Congress hasn't funded the full commitment, Reuters reported.
Palo Alto Networks (PANW) CFO sells $10.8 million in stock, more than seven times his previous largest sale
Palo Alto Networks CFO Dipak Golechha sold 27,500 shares under a trading plan he adopted in June. His previous six sales were far smaller.
Navitas (NVTS) selected by U.S. Army for 10 kV silicon carbide program, shares surge after hours
The U.S. Army picked Navitas for a prototype program to develop 10 kV silicon carbide power chips. Shares rose about 15% after hours, though the release gives no contract value.
NYC Council subpoenas Elon Musk's SpaceXAI (SPCX) to testify on AI safety
The New York City Council subpoenaed SpaceXAI to testify under oath at an Oct. 5 AI safety hearing. SpaceXAI was the only one of five AI companies that didn't respond to the council.
Nvidia (NVDA) CEO Jensen Huang calls AI distillation competition. Washington calls it theft.
Nvidia CEO Jensen Huang told CNBC that training on a rival's AI model is competition. Washington has threatened sanctions over the same practice.
Samsung Electro-Mechanics (009150) plans $5 billion substrate expansion
Samsung Electro-Mechanics will spend 6.78 trillion won ($4.98 billion) on new chip substrate lines in Korea and Vietnam. Korean reports name the customer paying the largest share in advance.
Korea's Pintel (291810) nears Kosdaq delisting after a 30% one-day drop
Pintel was ordered off the Kosdaq after its market value stayed below the exchange's 20 billion won minimum. The same court has since called that rule invalid for two other companies, but hasn't ruled on Pintel's challenge.
SpaceX's (SPCX) Starship reaches orbit for the first time and deploys 26 Starlink V3 satellites
SpaceX's Starship reached orbit for the first time on its 14th flight and deployed all 26 Starlink V3 satellites, despite one engine shutting down during its first burn. SpaceX then ended the flight hours early.