OpenAI Revenue Misses $68B, Tech Stocks Fall

Key Takeaways

• <ul><li>OpenAI's annualized revenue reached $50 billion at the end of September, missing the $68 billion figure reported the previous month and the $70 billion previously projected.</li><li>Nvidia fell nearly 3 percent despite approaching $6 trillion in market capitalization, while Microsoft, AMD and Amazon also declined on AI revenue concerns.</li><li>SoftBank lost more than 4 percent in Tokyo as tech stocks sold off across Asia.</li><li>The MSCI Asia Pacific index dropped 0.2 percent, the Nikkei 225 fell 0.4 percent and the Hang Seng slipped 0.3 percent on Friday.</li><li>Oil prices fell around 0.7 percent after Donald Trump ruled out a strike on Iran before the November midterm elections.</li><li>Federal Reserve officials signaled another interest rate hike could come before year end.</li><li>Halton Regional Police in Ontario are using AI tools from GovWorx and SARA AI for hiring and 911 call handling, drawing 1,400 applicants to a recent posting.</li><li>McKinsey's Eric Kutcher said AI boosts individual worker productivity more than organizational productivity.</li><li>An AP-NORC poll found 62 percent of Americans think AI is developing too quickly and 71 percent want government regulation.</li><li>Mastercard partnered with SoFi Tech Solutions and Orbi to connect crypto balances to everyday card spending.</li></ul>

Asian stocks mixed as AI revenue worries and oil price drop shake markets

Asian stocks ended the week on a mixed note on Friday. Tech stocks fell after reports that OpenAI expects $50 billion in annualized revenue, much lower than the $70 billion previously expected. Nvidia dropped nearly 3 percent while Microsoft, AMD and Amazon also fell. Oil prices dipped after Donald Trump ruled out a pre-election strike on Iran. Fed officials also signaled another interest rate hike may come before year end.

Asian stocks slip as AI fears persist and oil prices fall

Asian stocks moved lower on Friday with the MSCI Asia Pacific index down 0.2 percent. The Nikkei 225 in Japan fell 0.4 percent and the Hang Seng in Hong Kong dropped 0.3 percent. The Shanghai Composite rose 0.2 percent. Traders remained cautious about AI investment concerns but took comfort from falling oil prices. The drop followed Donald Trump ruling out a strike on Iran before the midterm elections.

Asian stocks struggle as OpenAI revenue miss hits AI sector

Asian stocks struggled on Friday after US tech shares sold off overnight. OpenAI's annualized revenue reached $50 billion at the end of September, missing the $68 billion figure reported the previous month. Japan's Hang Seng Index dropped 1.2 percent while China's Shenzhen Component slid 2.1 percent. Hong Kong's Hang Seng Index rose 1.1 percent as bargain hunters stepped in. Oil prices also pulled back after Donald Trump said he would not attack Iran before the November midterm elections.

Asian stocks mixed as AI boom concerns and Iran tensions shake markets

Asian stocks headed into the weekend on a mixed note on Friday. Tech stocks were weighed by concerns about the AI investment boom after OpenAI projected $50 billion in annualized revenue, far less than the $70 billion flagged earlier. Nvidia closed in on $6 trillion market capitalization but later fell nearly 3 percent. SoftBank lost more than 4 percent in Tokyo. Oil prices fell around 0.7 percent after Donald Trump ruled out hitting Iran before the midterm elections. Fed officials also signaled another rate hike could come before year end.

Halton police in Ontario turn to AI for hiring and training 911 call takers

Halton Regional Police in Ontario say they are using artificial intelligence in the recruitment and training of 911 call takers and dispatchers. The move aims to modernize how the police service hires and prepares emergency staff. The Canadian Press reported on the initiative. The article did not provide further details about the specific AI tools or timeline.

Halton police use new AI tool for hiring and 911 training

Halton police in Canada are using a new AI training tool from GovWorx. It helps screen job candidates and creates realistic 911 call scenarios with background noises. The force also uses SARA AI to handle non-emergency calls so staff can focus on real emergencies. A recent job posting drew 1,400 applicants.

McKinsey expert says AI boosts worker productivity more than companies

McKinsey's Eric Kutcher said AI has boosted individual worker productivity more than the productivity of the organizations they work for. The comment highlights how AI tools can help people work smarter on a personal level. The finding points to a growing gap between individual gains and company-wide results.

Social media and AI set to shape holiday shopping decisions

Social media and AI are expected to play a big role in how people make holiday purchases. The trend shows how technology is changing the way shoppers decide what to buy during the busy season. The report comes from OPI, a business supplies industry news source.

Tech stocks rebound as AI trade worries ease

Tech stocks rebounded as jitters over the AI trade began to ease. Nvidia and Bitcoin were among notable movers in the market. The shift came as long-dated bonds climbed and Brent crude oil futures were watched closely. The update was based on S&P 500 sector heat maps.

VC Paul Kedrosky warns Oracle faces major AI bubble risks

VC Paul Kedrosky warned that Oracle is among the most vulnerable companies in the AI boom. He says four bubble risks are converging: technology, real estate, loose credit and government policy. Oracle has $125 billion in borrowings and $288 billion in future lease commitments. Its cloud revenue surged 121% to $7.4 billion last quarter.

New international standard ISO/IEC 27090 addresses AI cybersecurity threats

ISO and IEC are publishing ISO/IEC 27090, a standard designed to help organisations identify and mitigate security threats to AI systems throughout their lifecycle. It covers issues like data poisoning and model theft that conventional IT controls may not fully address. The standard complements existing cybersecurity practices rather than replacing them. As of 9 October 2026, it is still undergoing final publication steps.

Most Americans believe AI is developing too fast, poll finds

A new AP-NORC poll found that 62% of Americans think artificial intelligence is developing too quickly. 71% of U.S. adults say it is highly important for the government to regulate the technology. The poll also showed 64% believe AI will greatly impact the job market and 55% expect a major economic impact. The survey was conducted in September among 13,000 adults in the United States.

TypedBench tests accuracy and cost of AI decision models

TypedBench is a new benchmark for typed decision models that output calibrated probabilities over categorical, ordinal, or binary choices. It evaluates models across seven policy-labelled generators and nine evaluation suites, testing accuracy, calibration, wording sensitivity, and real-world decision cost. The study assessed a hosted model, an open encoder, and open decoders ranging from 0.8B to 9B parameters. Results showed that wording sensitivity and miscalibration can lead to costly decisions even when models follow stated policies.

Mastercard expands crypto and AI commerce with new partnerships

Mastercard formed a three-way partnership with SoFi Tech Solutions and Mexican fintech Orbi to connect crypto balances to everyday card spending. Mastercard's network serves as the fiat settlement rail for these transactions. The share price reached $574.76 with a 7-day return of 4.50% and a 90-day return of 9.12%. Analysts note strong revenue and net income growth driven by AI services and crypto rails.

Sources

• Asian stocks mixed amid AI concerns, oil dips after surge
• Asian stocks mixed amid AI concerns, oil dips after surge
• Asian Stocks struggle as OpenAI revenue miss hits AI sector, trade concerns loom
• Asian stocks mixed amid AI concerns, oil dips after surge
• Halton police in Ontario uses AI in hiring, training 911 call takers
• Halton police embrace AI in hiring, training 911 call takers
• McKinsey's Eric Kutcher sees AI aiding workers over firms
• Social media and AI to influence holiday purchasing decisions | OPI
• Tech rebounds as AI trade jitters ease: AlphaCheck
• Oracle Among AI Boom's Most Vulnerable as 4 Bubble Risks Converge, VC Paul Kedrosky Warns
• ISO/IEC 27090 sets out an international standard for AI cybersecurity addressing security threats to AI systems
• Most Americans think artificial intelligence is developing too fast, a new AP-NORC poll finds
• TypedBench: A Benchmark for Calibration, Framing Sensitivity, and Cost in System One Decision Models
• Mastercard (MA) Expands Crypto And AI Commerce, Is The Stock Still Undervalued?