An options trader works on the floor of the New York Stock Exchange on 7 January 2026. An options trader works on the floor of the New York Stock Exchange on 7 January 2026. The latest shudder for stocks in the AI industry pulled markets lower worldwide on Thursday, while oil prices hit their highest levels since May on worries about the war with Iran . The S&P 500 fell 1.2% for its worst day since July, while the Nasdaq composite tumbled 2.6%. The weakness for tech stocks was so overwhelming that it masked strength for the rest of the US market, in which the majority of stocks actually rose.

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Meta's Ad Sales Are Suffering Now That Europeans Can Pick Less Personalization An earnings briefing on Wednesday revealed ad revenue has slowed since the European Union introduced the Less Personalized Ads models at the beginning of this year. Meta's advertising growth in Europe is slowing now that residents have the option for less of their personal data to influence what advertisements they see. Advertising revenue in Europe continued to decelerate in the three months through September, the company said on Wednesday, underperforming its global figures. In the region, advertising revenue grew 18 percent year-on-year, slowing from the previous two quarters and lagging the 33 percent growth seen in the US and Canada. Though Meta did not explicitly blame the introduction of the Less Personalized Ads model on Wednesday, chief financial officer Susan Li had previously warned "we're seeing the impact of less personalized ads offering in Europe now that it's fully rolled out, and that may be an additional headwind," in July's second quarter results follow-up call.

Wall Street has projected Tesla to report $27.9bn in revenues. Wall Street has projected Tesla to report $27.9bn in revenues. Musk says'there's a lot of merit' to potential merger that would require approval of 50% of all Tesla shareholders, but he declined to elaborate Investors were paying close attention to Tesla's third-quarter earnings call on Wednesday afternoon, after chief executive Elon Musk floated the idea of merging the car company with his rocket and AI company, SpaceX. But they didn't glean further information after the company announced there would be no questions on the matter. "With regard to a potential merger with SpaceX, I think I said everything that should be said yesterday," Musk, the CEO of both companies, said on Tesla's earnings call.

Between crushing layoffs, ballooning budgets, and bland end products, video game makers need to stop chasing AAA glory. Grand Theft Auto finally arrives in November . A staggering 13 years and two console generations after the release of its predecessor, the long-awaited sequel has effectively become one of gaming's holy grails--a title that some thought they'd never actually see, its development cycle so legendarily long that there's a dedicated " we got [x] before " meme. The latest criminal opus lets players control Jason and Lucia, a modern-day Bonnie and Clyde, and bears all the hallmarks of Rockstar's incredible attention to detail. Leonida, the open-world setting based on Florida, looks almost impossibly vast yet meticulously detailed, with its own weather systems and hundreds of animal species roaming around.

CXMT said it had made good progress on new DRAM architecture that would boost chip memory density. CXMT said it had made good progress on new DRAM architecture that would boost chip memory density. Tue 13 Oct 2026 05.48 EDTFirst published on Tue 13 Oct 2026 04.01 EDT Shares in semiconductor companies fell on Tuesday after the boss of Broadcom compared many AI investors to "casino" gamblers, and the Chinese memory chip maker CXMT said it had made good progress on a new chip architecture. Japan's Nikkei fell 1.8% and the Taiwan exchange lost almost 2%, with the country's chip maker TSMC down by a similar amount. Samsung Electronics shares dropped 7.4% on the South Korean exchange, while the memory chip maker SK Hynix was down 10%.

Say More Look Up Mashable's Best: E-readers, robovacs, laptops, earbuds, smart home and more Mashable @Home Trending Now Mashable Selects Top creators, ranked Gift Ideas For Everyone On Your List Creator Playbook In My Bag AI at School Safety Net All Series Matt Binder joined Mashable's tech vertical in 2018, where he covers social media, tech policy, cybersecurity, online scams, cryptocurrency, AI, creator news, weird tech, and other related tech beats. OpenAI says it will make $50 billion this year. That's less than investors expected. According to a new report from the Financial Times, OpenAI has informed investors that the company is expected to make $50 billion in revenue for the year. That's a lot of money, but it's also a full $20 billion less than earlier projections from just last month, which predicted the company would earn $70 billion in annual revenue.

Forecasts of annual revenues by leading AI players are closely watched by markets as an indicator of overall demand for the tech, which is attracting huge investment. Forecasts of annual revenues by leading AI players are closely watched by markets as an indicator of overall demand for the tech, which is attracting huge investment. Questions raised over AI growth as ChatGPT maker forecasts this year's revenue at $50bn, way below the $70bn signalled before Fri 9 Oct 2026 04.06 EDTFirst published on Fri 9 Oct 2026 04.04 EDT OpenAI has revealed that it is making about $20bn less in projected revenue than it had recently indicated to investors, raising questions about the break-neck growth rate in demand for AI. The ChatGPT-maker company has told investors that its revenues for this year would reach $50bn (£37bn), a projection based on sales up to the end of September. However, this is significantly less than the $70bn that it had signalled in information provided to investors last month, which was widely reported.

Anthropic's draft IPO prospectus has now started circulating in the media (after its confidential June SEC filing) and revealed some significant risks, Reuters reported. The first of those is fiscal, as the company reported an operating loss of 8 billion last year (on a 42 billion net loss), despite a 12-fold revenue increase from the year before to 4.6 billion. The other is a veritable first for a company prospectus, with Anthropic stating that its AI tech may pose "existential risks to humanity." Despite an estimated 2 trillion valuation ahead of its IPO, Anthropic hasn't been a money-spinning operation so far. The company plans to spend 518 billion on data center infrastructure over the coming years despite its meager 2025 revenue.

Annual spending on artificial intelligence infrastructure may reach as much as $1.5 trillion by 2031, consulting firm Bain & Co. said in its annual global technology report. The global artificial intelligence industry needs to earn $6 trillion in annual revenue by 2031 to justify the capital being deployed to build data centers around the world, Bain & Co. said. Existing consumer and enterprise AI services may generate as much as $1.8 trillion of that sum, leaving $4.2 trillion in new revenue that needs to be created, the consulting firm said Tuesday in its annual global technology report. The shortfall likely will come from nascent segments ranging from autonomous machines to robotics, as well as emerging fields such as drug discovery, mental health and energy generation, it said. "What the industry needs is a wave of innovation that will dwarf what mobile and cloud unlocked," said David Crawford, the report's lead author and chair of Bain's Global Technology, Media, and Telecommunications practice.