The Next Hollywood Trailer May Talk Back: Tech CEO Predicts Interactive Technology Could Change How Audiences Experience Movies

Shares of software companies are trading lower amid a rotation out of technology and AI-related stocks. Rising inflation concerns and elevated oil prices are fueling expectations for further Fed tightening, while elevated borrowing costs could weigh on demand, valuations and debt metrics.

Mizuho Maintains Outperform on Datadog, Raises Price Target to $330

Consumer Tech (Oct 12-16): Big Banks Reports Earnings, Anthropic Revenue Jumps 45% & More

TSMC reported third-quarter revenue of $46.7 billion, up 16.2% sequentially and above the high end of its guidance as AI chip demand grows.ASML raised the lower end of its 2026 sales outlook after strong third-quarter results, as accelerating AI investment pushed customers to expand equipment plans.

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.

UK Watchdog Proposes Strategic Market Tag for Microsoft, Puts Excel and Copilot AI Under Competition Scrutiny

The U.K.'s competition regulator has proposed designating Microsoft as having a Strategic Market Status (SMS).

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.