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Tesla Unveils AI5 Chip Built in the U.S., Musk Says It Won’t Replace Nvidia — Yet

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Tesla is ramping up its artificial intelligence ambitions with a powerful new chip — the AI5 — that will be produced at Samsung’s Texas facility and TSMC’s Arizona foundry, according to CEO Elon Musk. During the company’s Q3 earnings call, Musk revealed that Tesla aims for “excess production” of the AI5 chip, ensuring enough supply […]

Europe’s AI Powerhouse: SAP Secures 85% of 2026 Revenue as AI Deals Skyrocket

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While the global enterprise AI landscape is often dominated by U.S. giants like Microsoft and Salesforce, Europe’s SAP is rapidly emerging as a powerful contender — and it’s betting big on artificial intelligence. In a recent interview, SAP CEO Christian Klein revealed that AI is now the top driver behind new client contracts, fueling impressive […]

Alibaba Unveils $660 AI Glasses to Challenge Meta and Launches Its Own ChatGPT Rival

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Alibaba has officially entered the smart wearable race with the launch of its Quark AI Glasses and a new ChatGPT-style chatbot, signaling its strongest consumer-focused AI push yet. The tech giant announced that pre-orders for the Quark AI Glasses will begin on October 24 via Tmall, its flagship e-commerce platform. The initial pre-sale price is […]

Tesla Misses Earnings, Meta Slashes Jobs, and U.S. Tightens Oil Sanctions on Russia — Your Morning Market Brief

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1. Tesla Hits a Speed Bump All eyes were on Tesla yesterday as it kicked off the new earnings season among the “Magnificent Seven” tech giants. Despite a slight recovery in revenue after two declining quarters, earnings per share fell short of market expectations due to rising capital expenditures. During the company’s earnings call, Elon […]

Super Micro Stock Dips 6% After Missing Revenue Targets in Weak Preliminary Q1 Report

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Super Micro Computer Inc. saw its shares drop over 6% on Thursday after releasing weaker-than-expected preliminary results for the first quarter of fiscal year 2026. The AI server manufacturer announced it anticipates revenue of around $5 billion for the quarter, falling short of its earlier guidance range of $6 billion to $7 billion. The shortfall, […]

Disney Warns of Possible ESPN and ABC Blackout on YouTube TV as Contract Talks Near Deadline

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Streaming giant YouTube TV could lose access to major Disney-owned networks — including ESPN and ABC — by the end of the month if a new distribution deal isn’t finalized in time. Disney announced on Thursday that it will begin notifying YouTube TV subscribers about the potential blackout, as its current contract with the platform […]

Apple Rolls Out First U.S.-Built AI Servers from Texas, Marking a New Era in American Manufacturing

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Apple Inc. has officially begun shipping its first batch of American-made AI servers from a newly established facility in Houston, Texas, signaling a major step forward in its commitment to boost U.S.-based manufacturing and innovation. These advanced servers form a key part of Apple’s $600 billion investment initiative aimed at expanding local production, strengthening supplier […]

Microsoft’s AI Chief Draws Line: No Plans for Adult or Erotic Chatbots

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Mustafa Suleyman, the CEO of Microsoft AI, has firmly stated that the company will not develop artificial intelligence systems designed for erotic or adult-based interactions, signaling a clear distinction from its longtime collaborator OpenAI. “That’s simply not a service we’re going to offer,” Suleyman said during the Paley International Council Summit held in Menlo Park, […]

EU Accuses TikTok and Meta of Violating Transparency Rules Under Landmark Tech Law

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The European Commission, which serves as the executive branch of the European Union, announced on Friday that it has preliminarily found Meta and TikTok in breach of key transparency requirements set under the Digital Services Act (DSA) — the EU’s groundbreaking technology regulation. According to the Commission, the two U.S.-based tech giants failed to provide […]

Trump Ends Canada Trade Talks, Key Inflation Report Due, Target Job Cuts, and More Market Movers Today

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1. Trump Pulls the Plug on Canada Trade Talks President Donald Trump announced late Thursday that the United States is halting trade negotiations with Canada after controversy erupted over an Ontario government ad featuring the voice of former President Ronald Reagan. The ad criticized tariffs and their impact on Americans, but the Ronald Reagan Presidential […]