Shares in Musk's SpaceX plunge as tech and AI stocks fall

🔮 Alongside the immediate impacts of the US mid-term elections, some investors have become concerned that AI shares could be in a bubble that is due a correction.

🔮 Analysts at Gartner predict by 2030, 80% of neocloud firms will "cease independent operations", while Forrester's experts expect at least three of them to be imminently acquired "as finances get shaky".

🔮 In May, Meta was among the social companies that avoided a trial by settling a case brought by a Kentucky school district that claimed their product design had led to a youth mental health crisis.

🔮 - Published TikTok and its parent company ByteDance will pay the US state of Alabama $100m (£754.5m) and make a series of changes to restrict usage by children in the state as part of a lawsuit settlement.

🔮 - Published OpenAI said Friday it had alerted "dozens" of global institutions that their websites may have been impacted by its AI agents acting improperly.

🔮 - Published The boss of Snapchat-parent Snap Inc says the firm would be "willing to implement" time limits for teens, following a call from Meta for it to take action.

🔮 An AI researcher who left Anthropic told the BBC that "if we don't slow down at the current rate of progress, there is a strong chance that we could all die in the immediate future".

🔮 Coxon, a 27-year-old who worked at OpenAI before joining its chief rival Anthropic, said on Tuesday that people building artificial intelligence (AI) believed the technology could destroy humanity.

🔮 Ben Wood, chief analyst at technology research firm FDM CCS Insight, said it was likely Ternus's promotion was timed specifically "to coincide with what will be arguably one of the biggest iPhone launches for many years".

🔮 Alongside the immediate impacts of the US mid-term elections, some investors have become concerned that AI shares could be in a bubble that is due a correction.

🔮 - Published Halloween shoppers in the US seeking sweet relief this spooky season have instead been shocked by the high price of seasonal treats, as cost of living pressures continue to bite. Demetrio Beltres, a 33-year-old financial adviser searching for Halloween bargains for trick or treaters said he was spending more than his usual $15 (£11) to $20 this year because prices were much higher. "I'm trying to spend at least $20 to $30 just to make sure that I get the kids something," he said, while browsing the rows of colour options at a Target in Manhattan. A lot of people are finding they are in the same boat as Demetrio this year. Stephen Zagor, adjunct associate professor at Columbia Business School, said people have only so much to spend, and when everyday essentials are costing more, people may feel less inclined to make this the most extravagant Halloween.

🔮 On Thursday, Intel's finance chief David Zinsner said the firm did not expect positive cash flow this year, and forecast lower-than-expected revenue for its fourth quarter.

🔮 While last month the committee signalled there could be one more rate rise this year, Warsh would not be drawn out on where he thinks they will go in six weeks' time.

🔮 - Published DoorDash will acquire grocery delivery firm Instacart in a $17bn (£12.8bn) deal, creating a behemoth that will bring more meals, quick-need purchases and big weekly shops directly to customers.

🔮 L'Oreal, which owns other popular brands including Maybelline and La Roche-Posay, announced on Thursday that sales in the three months to September rose by 7.7%, above analyst expectations.

🔮 A US district judge dismissed the case after Ann Altman had refused to attend an independent medical examination, adding she was warned a failure to do so would result in the case being thrown out. Ann Altman had claimed the OpenAI founder had regularly sexually abused her between 1997 and 2006.

🔮 The question is: what is he able to do with just a few weeks to go before election day - and will it work?

🔮 - Published Homes are being built today that could become uninsurable in the future due to the risk of flooding, the boss of insurance giant Aviva has said.

🔮 Sharma told reporters that any financial damages won by the province would go towards rebuilding the secondary school.