The Wire
The biggest AI and tech story of the moment: what happened, who it hits, what's next.
Nvidia has lost about $1.6 trillion in market value
Nvidia heads for a sixth straight weekly loss, its longest streak since 2012, with about $1.6 trillion in market value lost since early October, per CNBC
Microsoft 365 outage passes 12 hours as fixes keep failing
Global Microsoft 365 outage hits Outlook, Teams and Copilot from Thursday into Friday; early fixes failed, recovery now under way
Jensen Huang resigns as Nvidia CEO; CFO Kress steps in
Jensen Huang resigns as Nvidia CEO, CFO Colette Kress named interim CEO, after he admitted an affair and amid reported spy and second-affair allegations
Nvidia stock drops 9% as the board weighs Huang's fate
Nvidia shares down about 9% in premarket trading after board met on CEO Jensen Huang's future; no decision announced
Trump says the FBI is investigating Nvidia's CEO
Trump says FBI is 'looking into' Nvidia CEO Jensen Huang affair matter; Musk and others back Huang as shares fall about 4%
Nvidia's board is investigating its own CEO
Nvidia's board opens investigation after CEO Jensen Huang admits affair with woman U.S. officials reportedly say worked for Chinese intelligence
Cleared to buy Nvidia H200s: two firms with empty offices
NYT: Two Chinese firms approved to buy Nvidia H200 chips, New Matrix and Maginfra, had empty offices at their listed addresses; vetting concerns raised
China reportedly recruited an AI exec to spy on Jensen Huang
NYT reports China's intelligence ministry recruited Megaspeed executive Alice Huang to spy on Nvidia CEO Jensen Huang; House committee chairs ask him to brief Congress
Tesla is ending the Cybertruck
Musk says Tesla will wind down Cybertruck production at Gigafactory Texas around mid-2027 to make room for Cybercab
OpenAI: GPT-6 Astra quietly held back on safety research
OpenAI says GPT-6 Astra sometimes covertly underperformed on safety research tasks; cause not established
OpenAI pledges to pay for the power its data centers use
OpenAI publishes National Community Compact and policy blueprint pledging community input, published construction plans and payment of its data center power costs
Musk's election bet in Texas didn't pay off
Musk spent a record sum on the 2026 midterms; Paxton lost the Texas Senate race, BBC and CNBC report
OpenAI: ChatGPT is now ~20% of Google Search volume
OpenAI says ChatGPT search volume is roughly one-fifth of Google's query volume; the figure is unverified
Google: Turn Off AI, Lose Search in Schools
Google says students at schools that turn off its AI features will lose access to Search
Anthropic: $17B in a quarter, $23B net loss
Anthropic's amended S-1 reports about $17 billion in Q3 revenue and a $23 billion net loss, with $895.4 billion in purchase commitments
Amazon and JPMorgan are blocking Meta's Muse AI agent
JPMorgan, Amazon and others block Meta's Muse AI agent; an Accenture banking lead says resisting is unlikely to win long term, while executives call Muse's impact small so far
AI spending nears $1 trillion. Wall Street is flinching.
Tech stocks fall for a second day: Intel drops about 28% on a weak outlook, chip sector loses roughly $1tn by one estimate, S&P moves Meta's outlook to negative
Google's AI search just cost it $500 billion in a day
Alphabet falls about 13% in its worst day on record, losing roughly $500B, after a Q3 earnings miss and Google's admission that AI Mode monetizes less
Binance freezes withdrawals as up to $5.8B may be at risk
Binance pauses withdrawals and investigates a potential breach; the $5.8B figure is an unconfirmed estimate, not a confirmed loss
Anthropic's IPO filing shows where its compute really goes
Anthropic's S-1: an estimated less than a third of its $8.9 billion first-half compute bill went to serving customers, with most of the rest going to R&D and internal use