Daily Recap: Business — 26 October 2026

Business news turns on the cost of the AI buildout, as companies race to secure capital, chips and networks while investors and executives weigh who can survive the spending cycle. At the same time, that pressure is reshaping workforces, market sentiment and the path to public ma...

Meta is preparing a fundraising push of up to $95 billion to finance artificial intelligence and data-centre expansion, underscoring the scale of spending big tech now contemplates. The planned stock-related offerings, expected to begin as early as next year, would help fund more computing capacity as competition for AI infrastructure intensifies.

Anthropic files for an initial public offering with the SEC, opening the way for one of the most closely watched AI stock listings. The registration outlines the company’s business, safety and risk factors, along with founder-control provisions, as investors assess how leading AI developers plan to govern growth and commercialize powerful models.

Microsoft is offering voluntary buyouts to about 60,000 employees, roughly a quarter of its workforce, as it tries to contain costs while pouring money into artificial intelligence. The move highlights how even highly profitable technology groups are reshaping staffing and spending priorities to support a capital-intensive AI push.

SpaceX has signed an equipment-financing lease worth about $40 billion with Apollo Global Management to fund Nvidia AI chips and related data-centre gear. The arrangement, with delivery and leasing slated for 2027, shows how large borrowers are using structured financing to lock in hardware needed for future AI computing demand.

Elon Musk warns that more than 200 specialist AI cloud providers could fail as debt financing tightens and lenders demand clearer revenue prospects. His comments point to a likely shakeout among so-called neocloud companies, especially those that depend mainly on renting AI data-centre capacity without broader, durable income streams.

Tata Communications plans to invest up to about $450 million in a 10,000-kilometre fibre network built to support AI-era traffic across India. The project is meant to connect major data-centre hubs with high-speed, low-latency links and then tie into the company’s broader global backbone, expanding the physical plumbing behind AI services.

Seoul shares fall as investors turn cautious ahead of major chip earnings and the Federal Reserve’s policy decision. The decline in the KOSPI reflects how closely regional markets remain tied to semiconductor performance and global rate expectations, especially as technology valuations hinge on both earnings momentum and financing conditions.

EasyJet will equip its Airbus fleet with SpaceX’s Starlink inflight Wi-Fi, with installations starting in 2027 and a broader rollout targeted by early 2028. The agreement extends Starlink’s commercial aviation reach and shows how satellite connectivity is becoming a more routine upgrade for airlines seeking faster onboard internet service.