Samsung Electronics said on Oct 8 it expects third-quarter operating profit to reach 107.4 trillion won, nearly nine times higher than a year earlier and slightly above market expectations. The company forecast revenue rising 127% to 195 trillion won. Samsung said booming AI chip demand drove strong memory-chip sales, and it and Micron expect the supply-demand imbalance to persist into 2028. It also flagged longer-term risks including rising costs, competition from China and potential U.S. semiconductor tariffs.

Moonshot AI has completed its final round of private fundraising at a valuation of about US$50 billion and is aiming for an IPO in Hong Kong in the first quarter of 2027, with a potential raise of up to US$5 billion. The company is expected to lift annual recurring revenue to US$2 billion by December from the current US$1 billion. Its valuation was US$31.5 billion in a previous round this summer.

Anthropic’s IPO filing says the company will use a “Founder LLC” structure in which its seven cofounders control 50.1% of the voting power through a single share of Class F stock, allowing them to steer board elections and other major decisions. The filing also lists 2025 compensation showing CEO Dario Amodei at nearly US$18 million and president Daniela Amodei at US$16.4 million. The governance design is framed as a way to keep AI safety and the public interest ahead of investor returns.

Muse is a multitasking AI assistant that is capable of performing tasks on behalf of a user. Read more at straitstimes.com.

Grab shares slid to a more than three-year low of $2.74 after the company announced an acquisition of Atome Financial. The company also unveiled a plan to buy back about $900 million of shares over the next 12 months, but the announcement did not lift the stock. Chief executive Anthony Tan and president Alex Hungate then bought more than $30.86 million of Grab shares combined. After the purchases were disclosed, Grab shares closed up 8.9% the next day.

The Federal Reserve raised interest rates on Sept 16 for the first time in more than three years and said more tightening is likely as it battles persistently high inflation. U.S. stocks finished lower, with the Dow Jones Industrial Average down 631.33 points and the S&P 500 off 33.59 points. In tech, semiconductor shares rose 0.6%, while Boeing fell 3.7% after the company flagged delays in stabilizing 737 MAX production.

OpenAI CEO Sam Altman said in an interview published on Sept 12 that the company will not go public in 2026, pointing to concerns about artificial intelligence safety. Earlier reporting had said OpenAI was weighing whether to delay a potentially trillion-dollar IPO until 2027. Altman’s comments take a 2026 listing off the table, as industry leaders increasingly emphasize safety in AI development.

Strong jobs data released on Sept. 4 showed higher labor force participation, with the unemployment rate steady at 4.1%. Markets raised the implied probability of a 25-basis-point Federal Reserve rate hike in September to 58.4% from 49.4%. The Dow Jones Industrial Average fell 272.51 points, or 0.51%, while trading volume totaled 13.14 billion shares, below the 20-day average.

Fed Governor Christopher Waller said he would support keeping rates steady if data show inflation pressures are easing. After his remarks, markets cut the implied chance of a September rate hike to 50.4% from 63.2%. Economic data were broadly upbeat, with jobless claims low and the services sector accelerating. The Dow closed up 624.16 points, or 1.18%, at 53,686.11.