FORGOTTEN HISTORY: 6 - Caught on Camera

AI Chip Stocks Lose $1 Trillion as Intel and Broadcom CEOs Warn of a Looming Funding Crisis

Semiconductor shares have fallen sharply as investors question AI spending returns, while industry executives warn that expensive borrowing and tighter financing could delay infrastructure projects.

International Business Times UK · Oct 16

CoreWeave investor explains how the loss-making AI ‘neocloud’ provider will claw its way out of debt

The critics are wrong, according to Evan Schlossman, principal at Neostellar Capital Corp., which holds a stake in CoreWeave.

Fortune · Oct 16

World Bank has a $19 billion gameplan to expand its critical minerals business in five years

World Bank President Ajay Banga has set a target to quintuple the lender’s critical minerals business over five years, with financing projected to rise to $19 billion in FY26-FY30 from $3.6 billion in the previous five years. The bank has identified 20 countries for partnerships to build local industries and…

The Economic Times · Oct 16

US Market: Fed's Goolsbee says latest US inflation data is discouraging

Federal Reserve Bank of Chicago President Austan Goolsbee called the latest US consumer and producer inflation data discouraging, raising concerns about persistent price pressures. While temporary factors such as tariffs and geopolitical conflicts could ease, he warned that demand driven by the rapid expansion of AI data centres could require…

The Economic Times · Oct 16

Low-cost jobs will be taken over by AI, most worried about outsourced ones: Workday CEO

Workday Chairman and Chief Executive Officer Aneel Bhusri told reporters at the Workday Rising Summit that AI will not lead to jobs moving out of the US or first-world countries, but may do the opposite.

The Economic Times · Oct 16

Stocks rebound after tech sell-off and Indonesia shares sink on market downgrade warning

Asian shares have mostly rebounded after Wall Street gains, a day after a tech sell-off dragged stocks lower

The Independent UK · Oct 16

How GoDaddy is changing the way Indian SMBs use AI

Online presence for enterprises have become vital, and thankfully with the advent of AI, easier as well. While creating a website, branding, logos, and finding the right potential customers was a matter of expertise in yesteryears, it can now be done without having the relevant skills and/or resources. GoDaddy, as…

The Economic Times · Oct 16

Global hedge funds suffer steep losses as AI trade unwinds, Asia funds hit hardest

Global hedge funds suffered steep losses as investors unwound artificial intelligence-related trades amid inflation concerns and expectations of higher interest rates. Asia-focused stock pickers were hit hardest, losing 6.8% in early October, while global fundamental long-short funds fell 2.9% through October 15, according to Goldman Sachs data cited by Reuters.

The Economic Times · Oct 16

Global Market: China's wealthy rush to unwind offshore trusts as tax deadline looms

China’s wealthy individuals are restructuring offshore trusts, selling investments and reassessing residency amid a new 20% tax on overseas trust income. With an October 22 declaration deadline approaching, uncertainty over enforcement and liabilities is prompting asset sales, borrowing and delayed investments as Beijing tightens scrutiny of offshore wealth.

The Economic Times · Oct 16

Global Market: South Korean shares rebound, but head for biggest weekly loss in 18 years

South Korea’s KOSPI rebounded 2.36% on bargain hunting after a steep selloff, but remained on track for its biggest weekly decline since October 2008. Concerns over AI investment sustainability and continued foreign selling weighed on investor sentiment.

The Economic Times · Oct 16