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Monday, October 12, 2026 · 10 stories
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TSMC is expected to report a 65% surge in third-quarter net profit to T$746.3 billion ($23.4 billion) on Thursday. This marks the company's sixth consecutive quarter of record earnings driven by AI chip demand. Shares gained 63% this year.
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Amazon is in talks to acquire AI startup Decart for around $7 billion. The company previously valued Decart at nearly $4 billion in May and recently raised $300 million with Nvidia joining as a new investor. This potential acquisition highlights intense competition for talent and technology in the current market landscape.
IMF Managing Director Kristalina Georgieva states AI infrastructure investment keeps global growth near 3% despite energy pressures. She estimates this spending could lift advanced Asian economy growth by 0.5 to 1 percentage point and emerging Asian markets by 0.2 to 0.8 percentage point.
Elon Musk vows to price Starlink affordably in India days before Reliance Jio launches its record $106 billion IPO. Musk accused Ambani and the Indian government of stalling Starlink to favor Jio, calling Ambani Prime Minister Ambani on X. Starlink signed agreements with Bharti Airtel and Reliance Jio in March 2025, receiving its licence in June 2025.
Moonshot AI executives negotiate a settlement with former Recurrent.ai investors for a dispute worth over $700 million before its planned Hong Kong IPO targeting $3 billion to $5 billion in the first quarter of 2027.
Dropbox launches Dropbox Protect in Singapore, making the city-state the second market worldwide to receive its cross-cloud content governance product after Japan. The web-based application gives information technology and security teams a centralized view of file access across Dropbox, Google Drive and Microsoft 365. The company did not disclose pricing or name Singapore customers using the service.
NTT Docomo ended Japan's remaining 3G data service this March, effectively killing the gara-kei flip phone market. This move affects half a million people and over 400 phone models, following au and SoftBank ending 3G in 2022 and 2024. The shift impacts car navigation and vending machines while an aging population moves toward smartphones.
A wallet earned $1.28 million on the new Papertrade exchange by manipulating ETH prices on Hyperliquid during its Saturday launch. The trader opened large positions and traded roughly $231 million worth of ETH, causing price shifts that Papertrade's 1,000x leverage amplified.
Bitcoin trades near $84,050 after rising above $84,000, shrugging off $681 million in ETF outflows last week, the largest since June. Analysts cite $82,000 as key support and point to Oct. 14 U.S. inflation data as the next major catalyst for the market.
Daiichi Kosho disclosed that malware at contractor Nippon Columbia exposed 8.6 million customer and employee records. The incident affects chains like Big Echo and MEGA BIG, impacting 93,000 employees and 8,631,000 customers with names, genders, and contact details. Daiichi Kosho states no confirmed theft occurred but advises caution regarding unsolicited communications.