OpenAI reportedly missed revenue targets. Shares of Oracle and these chip stocks are falling

OpenAI reportedly missed revenue targets. Shares of Oracle and these chip stocks are falling

Shares of companies tied to artificial intelligence infrastructure fell Tuesday after a report that OpenAI has fallen short of internal growth expectations, raising fresh questions about whether the pace of spending across the sector is sustainable. Oracle, which has a $300 billion, five-year partnership to supply computing power to OpenAI for AI operations, dropped more…

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Meta is reportedly launching a smartwatch in 2026

Meta is reportedly launching a smartwatch in 2026

Meta is preparing a new push into the wearables market by reviving its long-rumoured smartwatch project. According to The Information, the initiative (internally codenamed “Malibu 2”) is slated for release later this year. The device is expected to integrate Meta AI alongside standard health-tracking features, positioning it as a direct competitor to the Apple Watch…

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Africa: Flutterwave Acquires Mono in Deal Reportedly Valued Up to m

Africa: Flutterwave Acquires Mono in Deal Reportedly Valued Up to $40m

Flutterwave has acquired Nigerian open banking startup Mono in an all-stock transaction valued between $25 million and $40 million, according to people familiar with the deal. The acquisition brings together two fintech infrastructure companies operating at scale in Africa. Flutterwave runs one of the continent’s largest payments networks, while Mono provides APIs that allow businesses…

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Bondi Beach suspects reportedly trained in the Philippines, where there’s a decades-old Islamist insurgency

Bondi Beach suspects reportedly trained in the Philippines, where there’s a decades-old Islamist insurgency

The father and son suspects in the terror attack on Jewish people gathered for a Hanukkah event in Bondi Beach, Australia, spent most of November in the Philippines, police said Tuesday. Australia’s Prime Minister Anthony Albanese said, meanwhile, that the attack was “motivated by ISIS ideology.” New South Wales Police Commissioner Mal Lanyon told reporters…

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