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Thursday, 29 October 2026
AIFinancial TimesJust broke

Alphabet's stock falls 12%+, wiping a record $500B from its market cap

Alphabet's stock falls 12%+, wiping a record $500B from its market cap, after reporting negative cash flow amid its AI spending; the Nasdaq falls 1.4%+

TL;DRAlphabet's stock crashed 12% after missing earnings targets due to heavy AI spending.

Why it matters: Signals investor doubts about AI ROI; shows search monetization pressure from AI competition.

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200 stories
51m

Accelerate agentic AI with NVIDIA Nemotron models on Amazon EKS

NVIDIA's new 120B AI model runs faster on Amazon's cloud infrastructure for complex tasks.

17m

Dulo, a startup co-founded by Google veteran Sebastian Thrun

Sebastian Thrun's startup Dulo raised $130M to build AI models for hardware design.

18m

Solving for AI’s power problem

Data centers need so much power that electricity supply might become AI's limiting factor.

32m

Alphabet discloses $1T+ in purchase commitments, future leases

Alphabet's unfulfilled cloud contracts jumped $23B to $98.5B, signaling strong demand.

35m

BattMan aims to turbocharge US batteries without robbin' critical

US battery consortium BattMan seeks partners to reduce reliance on critical minerals.

41m

Ex-Palantir execs launch Dream with $17M from a16z

Former Palantir executives raised $17M to build AI models for construction planning.

41m

Toast Accused by FTC of Misleading Customers on Subscriptions

FTC sues Toast for tricking customers into hard-to-cancel paid subscriptions.

42m

SuperMe raises $20M for its network of AI expert profiles

Startup raises $20M to create AI chatbots mimicking famous tech experts.

45m

Nvidia CEO Reportedly Targeted By Suspected Chinese Informant

Nvidia's CEO had ties to someone suspected of passing information to China.

47m

Airbnb spent $12.6M+ since 2025

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