Global stocks fell on Thursday as renewed concerns about the financial returns on artificial intelligence investments overshadowed strong technology earnings, while escalating tensions in the Gulf pushed oil prices toward a five-month high and heightened fears of a broader economic shock. MSCI’s All-Country World Index fell 0.4%, putting it on track for its biggest daily […] The post Global Stocks Fall as AI Spending Fears Return, Oil Surges to $112 on Gulf Tensions appeared first on Tekedia.

President Donald Trump has suggested that data center companies could win greater public support by offering communities a financial dividend as artificial intelligence infrastructure expands across the United States. The proposal comes amid growing concerns about electricity costs, water consumption, environmental effects, and the pressure that large technology facilities place on local resources. Data centers […] The post Trump Says Data Center Companies Can Win Local Support With a ‘Dividend’, as Meta Faces $25B Fine appeared first on Tekedia.

Taiwan Semiconductor Manufacturing Co. (TSMC) is exploring alternatives to rare-earth components used in its factory equipment as concerns grow that China’s export restrictions could disrupt production of the advanced semiconductors powering artificial intelligence, smartphones, data centers and defense systems. The world’s largest contract chipmaker has surveyed suppliers about replacing motors containing rare-earth materials with alternatives […] The post TSMC Seeks Rare-Earth-Free Factory Equipment as China’s Export Controls Threaten Chip Supply Chains appeared first on Tekedia.

Barclays plans to cut 5,000 jobs, equivalent to around 5% of its full-time workforce, as the British lender steps up efforts to reduce operating costs through artificial intelligence and technology-driven efficiencies. The bank disclosed the reductions in its third-quarter earnings materials, linking the cuts to “organizational simplification and technology change efficiency driven by AI.” Its […] The post Barclays to Cut 5,000 Jobs as AI Productivity Push Accelerates Banking Restructuring appeared first on Tekedia.

India’s rupee strengthened for an eighth consecutive session on Thursday, supported by foreign investment linked to Reliance Industries’ Jio Platforms’ record-breaking initial public offering (IPO) and recent regulatory measures aimed at stabilizing the currency. The rally has lifted the rupee away from near-record lows earlier this month, although rising oil prices and escalating Middle East […] The post Rupee Extends Eight-Day Rally as Jio’s $3.2 Billion IPO Boosts Foreign Inflows appeared first on Tekedia.

A recycled phone number can send your bank codes to a stranger. The NCC wants more companies to check The NCC wants more companies to check for recycled phone numbers. What the plan means and how to stop your own number from being recycled. TechCity

A PHP security update fixed two critical flaws on Oct. 21. Here is how to check your website A PHP security update on Oct. 21 fixed two critical flaws. How to check your PHP version, which versions are safe and what to ask your host. TechCity

IBM shares climbed in extended trading on Wednesday after the technology company reported third-quarter earnings and revenue above analysts’ expectations, supported by growth in software and infrastructure and an improved outlook for free cash flow. The results offered evidence that demand for enterprise software and artificial intelligence services is helping IBM expand its business, although […] The post IBM Shares Rise After Third-Quarter Earnings Beat Estimates as AI Demand Supports Software Growth appeared first on Tekedia.

Meta Platforms’ personal artificial intelligence agent, Muse, has attracted more than 10 million users since its September launch, with shopping emerging as its most popular use case and offering the company an early route to monetizing its expanding AI investments. Chief Executive Mark Zuckerberg disclosed the figures on Wednesday during Meta’s third-quarter earnings call, saying […] The post Meta’s Muse AI Agent Surpasses 10 Million Users as Shopping Drives Adoption appeared first on Tekedia.

Meta Platforms is moving to strengthen Mark Zuckerberg’s long-term control of the company through a new class of non-voting shares, reinforcing its founder-led governance structure as the Facebook and Instagram owner commits tens of billions of dollars to artificial intelligence infrastructure. The company disclosed the proposed Class C common stock in its third-quarter earnings report, […] The post Meta Creates New Share Class to Preserve Zuckerberg’s Control as AI Spending Surges appeared first on Tekedia.

Artificial intelligence is increasingly reshaping the global economy, raising important questions about employment, productivity and the responsibilities of companies developing powerful new technologies. Citadel founder Ken Griffin has warned that AI will threaten white-collar jobs, even as he suggests that his own firms are positioned differently. Meanwhile, Anthropic chief executive Dario Amodei has defended the […] The post Ken Griffin Warns AI Will Eliminate White-Collar Jobs as Anthropic’s Dario Amodei Defends the Race to the Top appeared first on Tekedia.

While stablecoins offer rapid finality for cross-border payments in Africa, high conversion costs, thin local liquidity, and strict compliance hurdles at the off-ramp undermine their potential savings.

Meta Platforms has been ordered to pay $25 billion in a New Mexico lawsuit over allegations that Facebook misled users about its handling of personal data and failed to adequately prevent misinformation on the platform, exposing the social media giant to a potentially record-setting financial penalty. The ruling follows a jury verdict last month that […] The post Cambridge Analytica Privacy and Misinformation Case: Meta Ordered to Pay $25bn in New Mexico appeared first on Tekedia.

BlackRock has launched another exchange-traded fund focused on artificial intelligence, expanding its range of investment products tied to the technology even as market volatility and uneven adoption challenge investors’ enthusiasm for the AI trade. The world’s largest asset manager said on Wednesday that its iShares Future Robotics and Related Technologies ETF (RBTX) would invest in […] The post BlackRock Launches Robotics ETF as Investors Reassess AI Investment Risks appeared first on Tekedia.

Elon Musk has projected that SpaceX could generate between $500 billion and $1 trillion in annual recurring revenue (ARR) by the end of 2027. He said the ambitious growth target is driven by artificial intelligence (AI), satellite connectivity, and expanding computing infrastructure. The projection came during the company’s third-quarter (Q3) 2026 earnings call, where Musk […] The post Elon Musk Says SpaceX Could Generate $1 Trillion in Annual Revenue by The End of 2027 appeared first on Tekedia.

Elon Musk has confirmed that SpaceX and Tesla have established special committees to discuss a potential merger, bringing a long-running investor speculation closer to formal negotiations. Musk said on Tuesday that combining the two companies would be “a good idea,” but stressed that any agreement would depend on the independent directors overseeing the discussions. Shares […] The post Musk Says SpaceX-Tesla Merger Is a “Good Idea” as Investors Weigh $3.5 Trillion Tie-Up appeared first on Tekedia.

SpaceX reported a sharp increase in third-quarter revenue and earnings as its artificial intelligence business expanded rapidly, strengthening the case for Elon Musk’s effort to transform the rocket and satellite company into a major computing and AI infrastructure provider. Revenue rose 161% to $14.58 billion, beating analysts’ expectations of $12.72 billion, while adjusted earnings per […] The post SpaceX Revenue Surges 161% as AI Business Jumps Ninefold in Q3: Starlink is the Cash Cow appeared first on Tekedia.

Wall Street is preparing for an important day for the technology sector as investors turn their attention to quarterly earnings from Tesla and Meta Platforms. Both companies occupy influential positions in the global technology industry, but their financial results will be judged against different expectations, reflecting their business models, growth strategies, and exposure to artificial […] The post Wall Street Watches Tesla and Meta Earnings as Elon Musk Signals a Potential SpaceX Partnership appeared first on Tekedia.

Samsung Electronics and SK Hynix are upgrading their Chinese manufacturing facilities to produce more advanced memory chips, seeking to defend their market positions against a rapidly advancing domestic rival while capitalizing on surging demand from artificial intelligence infrastructure. The upgrades mark a difficult balancing act for the South Korean semiconductor manufacturers. Both companies need to […] The post Samsung, SK Hynix Upgrade China Chip Factories as YMTC Gains NAND Market Share appeared first on Tekedia.

US President Donald Trump has called on companies building data centers to provide financial benefits to the communities hosting them, saying that a local “dividend” could turn opposition to the energy-intensive developments into public support. In a post on Truth Social on Wednesday, Trump said he had observed data center projects that were initially unpopular […] The post Trump Calls for Data Center ‘Dividend’ to Win Over Communities as AI Backlash Grows appeared first on Tekedia.

Elon Musk has confirmed that SpaceX and Tesla have established special committees to explore a potential merger, giving the first official indication that the billionaire’s two companies are formally considering a combination that could unite electric vehicles, space infrastructure, artificial intelligence, chip manufacturing and robotics under one corporate structure. Musk said on Tuesday that combining […] The post Musk Confirms SpaceX and Tesla Merger Talks as AI Ambitions Expand Across Both Companies appeared first on Tekedia.

Asian stocks advanced on Wednesday, approaching their highest levels since last week’s sell-off as gains on Wall Street and encouraging early corporate earnings results supported investor sentiment. However, a sharp collapse in Australian data center operator NextDC underscored growing concerns about the artificial intelligence infrastructure boom’s capability to deliver returns commensurate with the capital being […] The post Asian Stocks Rally 1.1% as Earnings Lift Sentiment, NextDC Collapse Revives AI Investment Fears appeared first on Tekedia.

Germany’s housing market is facing renewed pressure as mortgage rates climb to their highest level since 2009, creating additional challenges for prospective homebuyers, property developers and the wider construction industry. Rising inflation and interest rate increases triggered by the Iran war have contributed to the deterioration in borrowing conditions, threatening to weaken housing demand and […] The post Germany’s Mortgage Rates Hit Their Highest Level Since 2009 as Iran War Fuels Inflation, and Volkswagen Recalls 72,700 EVs appeared first on Tekedia.

Ghana is working swiftly to implement formal cryptocurrency regulations by the end of December, underscoring a wider effort across Africa to manage a rapidly expanding digital asset market that currently lacks clear oversight. However, the initiative carries a notable paradox, as the central bank is developing a legal framework for a multi-billion-dollar industry before assembling […] The post DHL Group has unveiled plans to invest over EUR 300 million across Sub-Saharan Africa (SSA) appeared first on Tech In Africa.

Micron Technology has reached a labor-management agreement with a union representing workers at its Taichung operations in Taiwan, easing industrial tension at a critical manufacturing base as demand for memory chips used in artificial intelligence infrastructure continues to rise. Micron Memory Taiwan and the Taichung union said on Wednesday they had signed an agreement covering […] The post Micron Reaches Labor Deal in Taiwan as Separate Union Strike Threatens Memory Chip Supply appeared first on Tekedia.

OpenAI has disclosed two incidents in which its artificial intelligence agents weakened internal monitoring safeguards during coding tasks, raising questions about whether the systems designed to detect AI misbehavior can reliably withstand the autonomous models they are meant to supervise. The ChatGPT maker said Tuesday that one agent suppressed automatic security alerts while another removed […] The post OpenAI Says GPT-6 Agents Disabled Safety Monitors and Lied About It appeared first on Tekedia.