Wall Street’s technology shares suffered their steepest sell-off in months on Thursday as disappointing investor reactions to high-profile earnings reports revived concerns about the cost of the artificial intelligence boom and its potential to reward investors. The Nasdaq Composite fell 2.60%, losing 694 points to close at 26,008.86, its largest daily percentage decline since early […] The post Nasdaq Slides 2.6% as Meta’s AI Spending Raises Fresh Doubts Over Tech Rally appeared first on Tekedia.

Global technology stocks stabilized on Friday after a sharp sell-off driven by concerns over the enormous financing requirements of artificial intelligence, while renewed geopolitical tensions pushed oil prices to a five-month high and kept investors on edge. Asian markets provided some relief after Wall Street’s losses, although European equities remained under pressure. The STOXX Europe […] The post Global Tech Sell-Off Eases as AI Funding Fears Rattle Markets, Oil Surges to $114 appeared first on Tekedia.

Tesla and SpaceX CEO Elon Musk has said that advances in artificial intelligence, robotics, and space exploration could fundamentally transform the global economy. According to Musk such rapid development could potentially make conventional money irrelevant as technological abundance reduces the need for traditional financial systems. The billionaire entrepreneur shared the outlook during a conversation with […] The post Elon Musk Predicts AI And Robots Could Make Traditional Money Obsolete appeared first on Tekedia.

Japan’s core consumer inflation accelerated above the Bank of Japan’s 2% target in September for the first time in nine months, strengthening expectations that the central bank will continue raising interest rates as energy costs, yen weakness and demand linked to artificial intelligence add to price pressures. Government data released on Friday showed that the […] The post Japan Inflation Returns Above 2% Target, Strengthening Case for Further BOJ Rate Hikes appeared first on Tekedia.

Chinese automaker Chery plans to manufacture 70% of the vehicles it exports outside China by 2030, accelerating a shift towards local production as the company expands into international markets and seeks to strengthen its position against established global carmakers. Executive Vice President Zhang Guibing said on Friday that vehicles manufactured overseas accounted for about 48% […] The post Chery Targets 70% Overseas Vehicle Production by 2030 as Chinese Carmakers Expand Globally appeared first on Tekedia.

Florida Attorney General James Uthmeier has proposed legislation requiring social media platforms to impose stricter limits on teenagers’ use of their services, days after a judge rejected the state’s attempt to force Meta Platforms to overhaul Instagram and Facebook for young users. The proposed Safe Screens Act would introduce new obligations for app stores, social […] The post Florida Proposes Law to Restrict Teen Social Media Use and AI Chatbots After Court Rejects Meta Order appeared first on Tekedia.

Major banks in the United States are tightening restrictions on third-party artificial intelligence agents after concerns that automated systems have performed unauthorized actions while accessing financial accounts. The development highlights growing tensions between the rapid adoption of AI technology and the need to protect customers, financial information, and banking infrastructure from emerging digital risks. AI […] The post Major US Banks Restrict Access for Third-Party AI Agents After Unauthorized Actions appeared first on Tekedia.

China has approved AI developers DeepSeek and MiniMax to make their artificial intelligence models available globally, according to a social media account affiliated with state broadcaster CCTV, highlighting Beijing’s effort to expand the international reach of its AI industry while tightening oversight of technologies considered sensitive to national security. A post published on Thursday by […] The post China Approves DeepSeek and MiniMax AI Models for Global Use Amid Proposed Export Controls appeared first on Tekedia.

Binance founder Changpeng Zhao, has pushed back against growing concerns that artificial intelligence could threaten the security of cryptocurrencies, noting that the fears are overstated. CZ acknowledged that AI could cause significant damage to the cryptocurrency industry without directly breaking Bitcoin’s cryptographic protections. He pointed to phishing attacks, social engineering and the misuse of leaked […] The post AI Hacking Panic Over Crypto is Misplaced, Binance Founder Changpeng Zhao Argues appeared first on Tekedia.

Google CEO Sundar Pichai has said the company remains far from achieving fully autonomous artificial intelligence capable of recursively improving itself, even as its researchers increasingly use AI agents to help develop more advanced models. Speaking on the Big Technology Podcast this week, Pichai described an early stage of recursive self-improvement (RSI), in which AI […] The post Google’s Pichai Says Fully Self-Improving AI Remains Years Away as Models Help Build Successors appeared first on Tekedia.

Jio Platforms, the telecommunications and digital services business controlled by Indian billionaire Mukesh Ambani, attracted more than $16 billion in potential demand by the final day of bidding for its $3.2 billion initial public offering, signaling strong investor appetite for one of India’s most closely watched stock market listings. Public subscriptions exceeded seven times the […] The post Jio Platforms IPO Demand Tops $16bn as Mukesh Ambani’s $3.2bn Offering Draws Strong Bids appeared first on Tekedia.

Meta Platforms has reached an agreement with CEO Mark Zuckerberg to keep him in California after he warned the company he was considering leaving the state over a proposed one-time tax on billionaires. The arrangement, outlined in a regulatory filing, gives Zuckerberg access to newly created non-voting shares he can sell to cover a potential […] The post Meta Reaches Deal to Keep Zuckerberg in California Over Proposed Billionaire Tax appeared first on Tekedia.

Meta Platforms delivered a strong third-quarter performance, reporting $64.6 billion in revenue for the period ended September 30, 2026. The company posted a 26 percent increase from the same quarter last year, well ahead of analyst expectations of about $63.4 billion. The results were driven almost entirely by advertising, which generated $63.1 billion, also up […] The post Meta Reports $64.6 Billion in Q3 Revenue, Beating Expectations Despite Major Legal Charge appeared first on Tekedia.

Elon Musk has invested approximately $1 billion in Skydance, the newly formed media company created following Paramount’s $110 billion acquisition of Warner Bros. Discovery, according to a report by Semafor. The investment adds another major financial backer to the company as it attempts to integrate a sprawling entertainment business, reduce costs, and improve its market […] The post Elon Musk Reportedly Invests $1bn in Skydance as Paramount Targets $6bn in Cost Cuts appeared first on Tekedia.

WordPress is introducing Ipsum, a new default WordPress theme designed around a clean, minimal blogging experience. Following the WordPress Twenty Twenty-Five theme, Ipsum represents a new direction for WordPress default themes, moving away from year-based naming towards distinctive names that reflect each theme’s design. If you are a blogger, website owner or WordPress developer looking […]

Digital entertainment has changed considerably over the past decade. People now watch films, play games, listen to music, and interact with online content through devices that fit in their pockets. Faster internet connections, improved software, and new payment technologies have made these activities easier to access. At the same time, businesses continue to introduce tools […] The post How Emerging Technologies Are Changing the Digital Entertainment Industry appeared first on Tekedia.

Enterprise consulting firms are aligning operational positioning with modern B2B strategies to support rapidly scaling international clients. These modernized consulting models help growing organizations navigate complex international regulatory hurdles and digital shifts. Scaling an enterprise across regional borders exposes operational friction points faster than traditional consulting models can fix them. When your organization expands into […] The post Strategic growth frameworks reshape modern business consulting practices appeared first on Tekedia.

Financial institutions face continuous operational adjustments as international lawmakers establish formal rules for digital assets. Operational teams must update compliance procedures to align with shifting legal standards across regional markets. Quick adaptation allows firms to maintain secure trading environments and protect institutional client accounts. Clear regulatory guidelines replace older enforcement actions across major financial jurisdictions […] The post How Regulatory Changes Are Shaping Cryptoasset Operations appeared first on Tekedia.

The AI4Elections hackathon has a ₦10 million prize pool for AI election tools. Here is who can apply Nigerians 18 and over can enter the AI4Elections hackathon until Nov. 12. Who can apply, what you must build and how the ₦10 million is split. TechCity

Norway’s $2.3 trillion sovereign wealth fund recorded a loss of nearly $30 billion in the third quarter as rising interest rates weakened returns on fixed-income investments, underscoring the pressure higher borrowing costs can place on even the world’s largest institutional investors. Norges Bank Investment Management (NBIM), which manages the fund, reported an accounting loss of […] The post Norway’s $2.3tn Wealth Fund Loses $30bn as Rising Bond Yields Hit Returns appeared first on Tekedia.

Indian IT services provider Tech Mahindra said on Thursday it has partnered with SpaceX’s AI division to help businesses modernize legacy applications, accelerate software development and deploy industry-specific artificial intelligence solutions. The collaboration will bring Grok Build into Tech Mahindra’s technology services, enabling the company to develop AI-powered solutions for clients across sectors including technology, […] The post India’s Tech Mahindra Partners With SpaceX’s AI Division to Modernize Legacy Software appeared first on Tekedia.

Uber is expanding its partnership with OpenAI to provide ChatGPT Work to its entire global workforce of approximately 30,000 employees, extending an initial pilot as the ride-hailing company explores how generative artificial intelligence can improve productivity across its operations. The expansion marks a significant increase from the 1,000 employees who participated in Uber’s initial trial […] The post Uber Expands OpenAI Partnership to Give 30,000 Employees Access to ChatGPT Work appeared first on Tekedia.

OpenAI’s internal AI safety monitoring system contained vulnerabilities that could have allowed AI agents to conceal hundreds of recent actions from oversight, according to an independent pilot review by nonprofit evaluators METR and Redwood Research, raising questions about existing safeguards’ ability to reliably track autonomous AI systems. The findings emerged from a three-week exercise designed […] The post OpenAI Safety Review Finds Vulnerabilities That Could Hide Hundreds of AI Agent Actions appeared first on Tekedia.

Palantir has sought to reassure European governments that its military artificial intelligence software cannot be remotely disabled by the company or the US government, as concerns grow over Europe’s reliance on American defense technology following disruptions to Ukraine’s Starlink services. Louis Mosley, Palantir’s executive vice president for the UK and Europe, told Reuters on Wednesday […] The post Palantir Assures Europe Its NATO AI System Has No Kill Switch Amid Fears of US Tech Dependence appeared first on Tekedia.

China’s benchmark CSI 300 index has entered bear-market territory, falling 20% from its June peak as persistent selling pressure exposes deeper concerns about corporate profitability, domestic demand and investor confidence in the world’s second-largest economy. The index, which tracks 300 of the largest companies listed in Shanghai and Shenzhen, has declined for 10 consecutive weeks […] The post China’s CSI 300 Enters Bear Market as Weak Profits and Investor Pessimism Deepen Sell-Off appeared first on Tekedia.

Saudi Arabia and state-owned oil giant Aramco are seeking partnerships with other countries to expand strategic oil stockpiles as the kingdom anticipates a significant increase in demand following the Iran war, highlighting efforts to strengthen supply security after months of disruption to its oil production. Aramco Chief Executive Amin Nasser told Al Arabiya Business TV […] The post Saudi Aramco Seeks International Partners to Expand Strategic Oil Reserves After Iran War appeared first on Tekedia.

Tesla has cut its 2026 capital expenditure forecast by about 20% after spending significantly less than Wall Street expected in the third quarter, generating an unexpected free cash flow surplus that has strengthened its balance sheet but raised questions about the pace of investment in artificial intelligence, robotaxis and humanoid robots. The electric vehicle maker […] The post Tesla Cuts 2026 Capex Forecast by $5bn as Cash Flow Beat Raises AI Investment Concerns appeared first on Tekedia.