Alphabet suffered its worst market-cap loss in history after disappointing earnings and ballooning AI capital expenditures rattled investors, sending tech stocks into a tailspin.
The tape The Journal. · Oct 30
“And yesterday, Alphabet, Google's parent company, lost $500 billion in value. It's worst day ever in the stock market.”
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Bankless · Inside the $6 Billion Binance Hack | Ari RedbordOct 30
North Korea's Lazarus Group allegedly stole $6 billion from Binance in a single night after rehearsing attack code on hot wallets, though stablecoin issuers managed to freeze $2.4 billion within hours.
The Journal. · Is AI Running Out of Money to Borrow?Oct 30
Anthropic has raised a record $63 billion loan package backed by Broadcom to purchase AI chips, even as its S-1 IPO filing cautions that advanced AI systems could pose existential threats to humanity.