Big Red’s grand AI punt keeps shredding its own valuation

Oracle’s market value has been sliding like a greased ferret since 10 September, when it trumpeted its $300bn deal with OpenAI and watched roughly $315bn vanish in the process.

Thiel and other mega-rich investors dump their stakes amid fraying nerves

Panic spread through trading floors after venture capitalist and Trump cheerleader Peter Thiel flogged all the Nvidia shares he held.

Long-time believer wanders toward Alphabet

Warren Buffett’s Berkshire Hathaway has just done the unthinkable and taken a $4.3 billion bite out of Alphabet while casually trimming its once worshipful stake in the Fruity Cargo Cult Apple.

Manages to confuse everyone with one tiny edit

Someone at the Fruity Cargo Cult Apple has been tinkering with its Apple Intelligence pages again, and the result is the usual delightfully shambolic mess.

BNY and Walmart claim their digital workers are more than flashy demos.

For all the noise about AI agents changing everything, most have looked like expensive toys waiting for a job. Now, a few early adopters say the graft is paying off.

Claude maker throws silly money at US data centres

Anthropic has decided that the only way to keep its AI toys from coughing is to pour $50 billion into new infrastructure across the US.

Outshines iPhone biz as server demand roars ahead

Contract manufacturing giant Foxconn has posted a 17 per cent surge in third-quarter profits, with AI servers doing the heavy lifting while iPhones took a backseat.

New DRAM and NAND combo 

Memory outfit SK hynix is cooking up a fresh batch of silicon aimed at shoving more AI grunt into mobile gear and other edge kit.

Santa Clara projects sit idle as AI boom slams into an energy wall

Two massive data centre projects in Santa Clara, California, in the heart of Nvidia’s glorious green empire, are sitting empty as the city’s grid buckles under demand from the AI gold rush.

Delays bite despite a flood of new deals.

CoreWeave, one of the biggest outfits flogging cloud computing to AI outfits, saw its revenue more than double in the third quarter as it cosied up to some of the biggest beasts in the AI jungle.