Asian tech stocks plunged Wednesday as the global AI selloff deepened. Japan’s Nikkei dropped 4.7% while South Korea’s Kospi fell over 6%, erasing much of its October gains. The downturn reflects growing skepticism about AI valuations.
According to reports, Apple is testing a new budget Mac that would cost less than $1,000. The device would use an iPhone-class processor but still outperform early M1 Macs.
Deutsche Bank is exploring ways to hedge its massive exposure to data centers after lending billions to the AI infrastructure sector. The bank is considering shorting AI stocks and buying default protection as concerns grow about a potential bubble.
Nscale won £500 million from Nvidia and was tasked with building the UK’s biggest supercomputer. But court documents reveal a company plagued by internal conflicts and questionable claims. Their “acquisition” of Kontena never actually happened either.
Kabilio just closed one of Spain’s largest pre-Seed rounds with €4 million from Visionaries Club and Picus Capital. The AI platform is already helping nearly 100 accounting firms automate tedious tasks and boost productivity dramatically. They’re part of a broader European movement toward AI-powered
AMD just announced its Q3 2025 earnings with record $9.2 billion revenue, up 36% year-over-year. CEO Lisa Su confirmed the 2nm EPYC Venice “Zen 6” CPUs and Instinct MI400 AI accelerators are on track for 2026 launch, with early silicon already performing well in labs.
Hours after launching a revamped web interface for the App Store, Apple accidentally shipped the site with sourcemaps enabled. This allowed a GitHub user to extract and publish the complete front-end source code for educational purposes.
Apple is working on a more affordable MacBook that will use an iPhone processor instead of an M-series chip. The device, code-named J700, is expected to cost well under $1000 and launch in the first half of 2026. This would mark Apple’s first consumer Mac with an A-series chip since switching to App
The Rust Foundation is launching a $625,000 annual fund to support key maintainers. This comes as the TARmageddon vulnerability exposes serious supply chain risks in the ecosystem. Both developments highlight Rust’s growing pains as adoption surges.
Reddit won’t escape Australia’s sweeping social media ban for children under 16. The platform joins previously announced services like Facebook, TikTok, and Instagram on the restricted list starting December 10. Companies face penalties up to AU$49.5 million if they fail to prevent underage access.
