Business & Industry

Business and Industry covers the commercial adoption of artificial intelligence across corporate sectors and economic markets. Truncated covers enterprise deployments, industry investments, market trends, workforce impacts and regulatory compliance.

Thursday 5 November

Tech stocks are suffering their biggest selloff since Covid, as investors see premature end to AI datacenter boom

AI-generated summary Tech stocks experienced their largest selloff since March 2020 on Thursday as investors worried about the future of the artificial intelligence datacenter boom following U.S. midterm election results. Major companies including Meta, Microsoft, and Nvidia declined during the trading session, while analyst Dan Ives wrote that capital expenditure growth could peak next year rather than later in the decade.

Also covered by marketwatch.com bloomberg.com NBC News
+3 moreLos Angeles Times BBC News TNW | Insider

The midterms weren’t the rebuke of AI money many expected

AI-generated summary Leading the Future and other political action committees supported candidates in the midterm elections who achieved high success rates. Fast Company analyzed election data showing that over eighty-six percent of candidates backed by Leading the Future won or led their races.

Also covered by semafor.com
Earlier: The midterms were a gut punch for tech. Here's why it's not a knockout. · Assessing the Impact of the Midterm Elections on US Tech Policy

NVIDIA's Vendor Financing Deals Are Not A Ponzi Scheme As It Is Slated To "Take Out $420 Billion" By Putting In $250 Billion, Says Tech Venture Capitalist Gene Munster

AI-generated summary Technology venture capitalist Gene Munster asserts that NVIDIA vendor financing deals are entirely logical rather than a Ponzi scheme. Gene Munster states that NVIDIA will put in 250 billion dollars and take out 420 billion dollars through the initiative.

Perplexity’s new AI coworkers can take over your workload, but they don’t come cheap

AI-generated summary Perplexity launched Teammates on Thursday, introducing personal AI agents for work that are available first to Max subscribers on the web. CEO Aravind Srinivas says native mobile and desktop apps are coming, while free and Pro users must upgrade to Max for $200 per month.

Also covered by The Verge Engadget The Decoder

Kihan launches Constitutional Computing to bring enforceable authority to enterprise AI agents

AI-generated summary Kihan launched Constitutional Computing to bring enforceable authority to enterprise AI agents by establishing an independent authorization system outside the AI itself. The company is developing its first product, Inktomi, to evaluate actions against signed rules and provide verifiable permits before execution.