CNBC’s Jim Cramer warns that Wall Street is facing pressure from both the government shutdown and what he calls the AI “blob.” The Nasdaq sank 1.9% Thursday, heading for its worst week since early April. Investors are worried about economic data gaps and uncontrolled AI infrastructure spending.
OpenAI’s CFO suggested government-backed loans for their massive AI infrastructure buildout, then quickly walked it back. Now Sam Altman is clarifying they don’t want taxpayer guarantees despite facing $1.4 trillion in commitments.
Snap Inc. is getting $400 million from Perplexity AI to power search inside Snapchat. The integration will bring AI-driven answers directly into chat conversations starting early 2026, potentially keeping 940 million monthly users from leaving the app for traditional search.
U.S. employers announced 153,074 job cuts in October, the highest level for that month in over 20 years. The DOGE initiative and AI adoption are driving structural changes across both public and private sectors.
Venture capitalist David Sacks, serving as Trump’s AI czar, declared there will be no federal bailouts for AI companies. His comments came after OpenAI CFO Sarah Friar discussed potential government “backstops” for infrastructure investments. The exchange highlights ongoing debates about government’
Zohran Mamdani’s decisive victory in the New York City mayoral election has billionaires scrambling for answers. Chamath Palihapitiya recently recirculated Peter Thiel’s 2020 warning that young people without economic stakes will turn against capitalism.
Square Enix is undergoing significant layoffs across its Western operations, potentially affecting over 100 employees in the UK and an unknown number in the US. The move is part of a broader strategy to consolidate development functions in Japan and aggressively adopt AI for quality assurance work.
Duolingo shares plummeted over 25% after forecasting bookings of $329.5M-$335.5M, missing estimates. Meanwhile, OpenAI’s CFO and CEO suggest government may need to backstop AI financing as adoption remains low.
Newly uncovered PlayStation Store assets reveal a “Cross-Buy” logo that suggests Sony might be planning buy-once, play-anywhere functionality between PS5 and PC. This would mirror Microsoft’s approach with Xbox and Windows. For gamers with multiple platforms, this could be a wallet-friendly game cha
Duolingo’s stock is in free fall despite reporting strong Q3 2025 earnings. The language learning platform saw 41% revenue growth and 50.5 million daily active users. So why is the stock down 24% this morning?
