Disney to Spend $60 Million a Year on Character.AI Talent After Its Own Layoffs as AI Startup Faces Bankruptcy
Disney plans to spend $60 million annually on 66 Character.AI employees despite recent layoffs as its AI strategy expands.
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Alphabet Is Poised to Be an AI Winner, Analyst Says
Alphabet stock dipped on Tuesday. BNP Paribas keeps an Outperform rating & $420 price forecast, citing long-term AI & Cloud growth.
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UK Watchdog Proposes Strategic Market Tag for Microsoft, Puts Excel and Copilot AI Under Competition Scrutiny
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Google Just Put AI in Space. It Had to Hitch a Ride on Elon Musk’s Rocket.
Google launched its Project Suncatcher test satellite with four AI chips to orbit via SpaceX Falcon 9, testing whether AI chips can survive harsh space conditions. Meanwhile, Elon Musk has filed plans with the FCC for a million data center satellites to address AI's massive power consumption bottleneck. Altucher argues Musk is two decades ahead of competitors and identifies a small supplier providing critical data networking infrastructure as a potential key beneficiary.
Stock Market Today, Oct. 16: Apple Edges Higher on iPhone Duo Preorder Surge
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The Nasdaq 100 fell 1.5% at midday Friday as memory chips and AI-debt names sold off, while Fed Chair Warsh declined to rule out an October hike after hot CPI and PPI. WTI held near $96, the 10-year yield hovered around 5.1%, gold bounced toward $4,200 and bitcoin traded near $81,300.
9 Of 11 Sectors Rise In Friday Trading As Cyclicals Lead
Nine of 11 sectors are higher in Friday’s regular session, with cyclical sectors holding the top three positions. The leaders are separated rather than clustered, with no single gap clearly standing apart from the other breaks across the table.