IDC Frontier, a SoftBank subsidiary, disclosed a ransomware attack on its IDCF Cloud service that disrupted 495 companies and government clients in eastern Japan, with the threat actor claiming to have encrypted 3.6 petabytes of data.
OpenAI told investors it reached roughly $50 billion in annualized revenue at the end of September, below the $68 billion figure widely reported last month, sending shares of Nvidia, Oracle, and CoreWeave lower on Thursday.
Vice President Vance announced Thursday that Microsoft has been suspended from the federal PERM permanent labor certification program, barring its foreign workers from applying for employer-sponsored green cards after the administration accused the company of abusing the process.
Amazon confirmed it cut fewer than 1,000 white-collar workers from its Stores unit on Wednesday, even as the company ran its Prime Big Deal Days promotional event. The reductions follow a larger round of 30,000 job cuts that began last year.
Research firm New Constructs has valued Anthropic at $150 billion and labeled its planned Nasdaq listing the "most ridiculous IPO of 2026," citing a $42 billion net loss in 2025 and growing competition from open-source AI models.
The FCC announced it will vote on auctioning 25MHz of prime spectrum to support direct-to-device satellite services, a proposal that could benefit SpaceX and Amazon as both companies race to expand satellite-based smartphone connectivity.
SpaceX is seeking $40 billion in financing to buy additional Nvidia GPUs, as the FCC simultaneously announced plans to auction 25 megahertz of prime satellite spectrum that could benefit both SpaceX and Amazon's growing direct-to-device businesses.
Amazon confirmed it cut fewer than 1,000 white-collar workers from its Stores unit on Wednesday, even as the company ran its Prime Big Deal Days promotional event. The reductions follow a larger round of 30,000 job cuts that began last year.
Research firm New Constructs has valued Anthropic at $150 billion and labeled its planned Nasdaq listing the "most ridiculous IPO of 2026," citing a $42 billion net loss in 2025 and growing competition from open-source AI models.
SpaceX is seeking $40 billion in financing to buy additional Nvidia GPUs, as the FCC simultaneously announced plans to auction 25 megahertz of prime satellite spectrum that could benefit both SpaceX and Amazon's growing direct-to-device businesses.
OpenAI told investors it reached roughly $50 billion in annualized revenue at the end of September, below the $68 billion figure widely reported last month, sending shares of Nvidia, Oracle, and CoreWeave lower on Thursday.
Meta's Muse personal AI agent has reached 6.6 million installs since its September 8 launch and expanded to iPad on Wednesday, with new small-business and retail connectors added alongside the tablet release.
Finnish regulators have ordered Google to suspend construction on two data centers in Muhos and Kajaani pending environmental impact assessments, complicating the company's $15 billion AI infrastructure plan for the country.
Written for readers who already know the basics — markets, AI, and the policy decisions that shape both.