Character.AI Files for Bankruptcy as Disney Agrees to Buy Assets for $20 Million
SAN FRANCISCO, California, Oct 13, 2026, ZEX PR WIRE — Artificial intelligence startup Character.AI has filed for Chapter 11 bankruptcy protection in the United States and agreed to sell certain assets to The Walt Disney Company for $20 million, marking a major turning point for the AI entertainment platform. The filing, announced Read more
Tencent’s $4.5 Billion Bond Sale Tests Investor Appetite as AI Spending Drives Borrowing Higher
SINGAPORE, Oct 13, 2026, ZEX PR WIRE — Chinese technology giant Tencent Holdings is preparing to raise at least $4.5 billion through a multitr tranche bond sale, drawing attention to how major technology companies are financing their expansion as artificial intelligence investment accelerates. The offering, taking place on October 13, 2026, includes Read more
Salesforce Shares Rise as Analyst Upgrade Revives Confidence in Enterprise Software Stocks
SAN FRANCISCO, California, Oct 13, 2026, ZEX PR WIRE — Salesforce shares advanced on October 12 after Bank of America Global Research upgraded the enterprise software company, offering a positive signal for investors evaluating the outlook for business technology stocks amid growing uncertainty over artificial intelligence spending. The shares rose approximately 3.5% Read more
Microsoft Unveils Maia 300 AI Chip as It Targets Lower Data Centre Costs
SAN FRANCISCO, California, Oct 13, 2026, ZEX PR WIRE — Microsoft has introduced Maia 300, the latest generation of its custom artificial intelligence accelerator, as the company seeks to reduce the cost of running AI services and lessen its dependence on external chip suppliers. Announced on October 12, 2026, the chip is Read more
Indian IT Stocks Rally as HCLTech Earnings Revive Confidence in Technology Services
MUMBAI, Maharashtra, Oct 13, 2026, ZEX PR WIRE — Indian technology stocks rallied on October 13 after stronger-than-expected quarterly results from HCLTech encouraged investors to reconsider valuations across the information technology services sector. The gains came despite continued global concerns about AI infrastructure spending, rising financing costs and the potential disruption of Read more
Omron’s $675 Million Onlogic Deal Signals New Push Into Industrial AI and Smart Manufacturing
NAGOYA, Japan, Oct 13, 2026, ZEX PR WIRE — Japanese automation company Omron has agreed to acquire US industrial computer manufacturer Onlogic and its parent company, Interlogic, for $675 million, strengthening its position in the growing market for physical artificial intelligence. Announced on October 13, 2026, the proposed acquisition is intended to Read more
IonQ Shares in Focus as $1.3 Billion Elisity Deal Expands Quantum Cybersecurity Ambitions
COLLEGE PARK, Maryland, Oct 13, 2026, ZEX PR WIRE — Quantum computing company IonQ announced plans on October 12, 2026, to acquire cybersecurity firm Elisity in an all-stock transaction valued at up to $1.3 billion, marking a major expansion of its efforts to combine quantum technology with enterprise security. The proposed acquisition is Read more
IMF Warns AI Investment Slowdown Could Trigger Broader Market Correction as Debt Risks Rise
WASHINGTON, D.C., Oct 13, 2026, ZEX PR WIRE — The International Monetary Fund has warned that a slowdown in artificial intelligence investment could trigger a wider financial market correction as technology companies increase borrowing to fund data centres, computing infrastructure and advanced AI development. In its Global Financial Stability Report released on Read more
Chinese Memory Chipmaker CXMT Puts Global Semiconductor Leaders Under Pressure as Competition Intensifies
SEOUL, South Korea, Oct 13, 2026, ZEX PR WIRE — Shares in major semiconductor companies came under pressure on October 13 as investors reassessed the competitive outlook for artificial intelligence hardware following reports of rapid progress by Chinese memory chipmaker ChangXin Memory Technologies (CXMT). The concerns contributed to a sharp decline in Read more
“Baku ID 2026” Innovation Festival Concludes
One of the region’s leading innovation festivals, “Baku ID 2026,” held at SABAH.city, has concluded. Baku, Absheron, Oct 13, 2026, ZEX PR WIRE — The two-day programme brought together prominent international speakers, including Balázs Hendrich (Representation of the Organization of Turkic States in Hungary), Khamis Said Abdalla (Ministry of Education and Vocational Read more

