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AI-linked stocks slid on October 22 as Meta's new share class and rising spending raised fresh doubts about who pays for the AI buildout. Nvidia fell about 4% and the Nasdaq lost 2.6%.
OpenAI is closing in on an up to $30 billion round at a $1.25 trillion valuation led by UAE investors and Coatue, CNBC reports. The price is lower than what OpenAI reportedly wanted weeks ago, and the Gu
Meta is creating a non-voting Class C stock as AI spending pushes its free cash flow negative. The new shares give it a way to raise money without touching Mark Zuckerberg's control.
China has proposed restricting or banning exports of 40 technologies, including 23 AI technologies such as advanced large models and AI agents for sensitive environments, citing national security as its
CoreWeave's credit default swap spreads have surged past 1,000 basis points, pricing in a more than 60% chance of default within five years. The distress signals growing investor anxiety over the massive
Some investors are reportedly weighing a valuation of about $1.5 trillion for Anthropic's planned November IPO, down from roughly $2 trillion, after the company reported $16.8 billion in third-quarter re
