OpenAI has trimmed its latest fundraising target from $30 billion to $20 billion after securing about $11 billion, according to sources told the Financial Times. Investors have moved away from data-center stocks, and the hedge fund Situational Awareness collapsed over weak risk controls. S&P Global cut Meta's credit outlook to negative, citing negative cash flow and uncertain spending. Pimco CEO Emmanuel Roman says AI infrastructure financing could reach $10 trillion over five years, while Hong Kong summit executives warned capital and power grids may lag.
Oracle
3 stories since 29 October 2026, newest first
3 November 2026
31 October 2026
Alphabet shares fell about 12 percent on Thursday, their worst day on record, erasing roughly $500 billion in market value after its third-quarter report. Negative free cash flow of $9.1 billion and capital spending of $51.4 billion weighed on the stock, and Google search revenue growth slowed to 12 percent. Amazon's free cash flow also turned negative for a second straight quarter, and the Nasdaq fell 2.9 percent on Friday. Alphabet, Amazon, Meta and Microsoft have outlined plans to spend more than $740 billion on capital expenditure this year. Apple reported its best-ever fiscal year, with iPhone revenue up 17.5 percent, but shares fell in premarket trading on Tuesday as it warned of higher memory costs.
29 October 2026
Microsoft announced a reduction of its full‑year capital expenditure target to $170 billion, down from $175 billion, while reporting $18.6 billion in free cash flow that beat expectations. Alphabet disclosed a negative free cash flow of over $9 billion for the third quarter, causing its shares to tumble between 8% and 10% in after‑hours trading. In the same period, Azure revenue grew 48% and Google Cloud revenue topped $30 billion, surpassing forecasts. Both firms face AI‑related spending pressures, with Alphabet revealing $98.5 billion in contingent AI commitments.