Hot Inflation Hits Tech Stocks & Asian Markets Extend AI Sell-Off - Tech News (Oct 15, 2026)

Support The Automated Daily directly: Buy me a coffee: buymeacoffee.com/theautomateddaily Please support this podcast by checking out our sponsors: - Discover the Future of AI Audio with ElevenLabs - https://try.elevenlabs.io/tad - SurveyMonkey, Using AI to surface insights faster and reduce manual analysis time - https://get.surveymonkey.com/tad - KrispCall: Agentic Cloud Telephony - https://try.krispcall.com/tad Today's topics: Hot Inflation Hits Tech Stocks - Hotter-than-expected US inflation data pushed the Nasdaq down 1.9%, hitting AI infrastructure stocks like Nvidia, Broadcom, AMD, Oracle and CoreWeave over fears of higher interest rates and data center financing costs. Asian Markets Extend AI Sell-Off - South Korea's Kospi plunged 7.9% and Japan's Nikkei 225 fell about 5% as the technology and semiconductor sell-off spread, driven by concerns about the debt funding AI data centers. TSMC Posts Record Quarterly Profit - TSMC reported record quarterly profit of 763 billion New Taiwan dollars, up 69% year over year, showing strong demand for advanced AI chips despite the market downturn. Anthropic Revenue Hits $16.8 Billion - Anthropic reportedly told institutional investors its third-quarter revenue rose 45% to $16.8 billion, highlighting huge frontier AI demand alongside questions about slowing growth. Ramp Index Shows Slowing AI Adoption - Ramp's October 2026 AI Index suggests business AI adoption may be nearing its peak, with Anthropic leading paid adoption, OpenAI gaining share, and falling token prices slowing spend growth. GPU Prices as AGI Signal - A widely shared argument says true AGI would push H100 GPU rental prices from about $3.50 to $30 or more per hour, making compute pricing a market signal for AI replacing human labor. Ukraine Starlink Dispute and Restoration - Ukraine accused the US of weakening its military response and urged Elon Musk to restore Starlink, as officials now say high-speed Starlink operation for battlefield units is being restored. Netflix Cuts 1,000 Jobs - Netflix is laying off about 6% of its global workforce, roughly 1,000 jobs, its largest cut since 2022, citing slowing growth and weaker engagement, with product, tech, legal and HR hit hardest. YouTube Explores Audiobooks - YouTube is reportedly in talks with publishers about adding audiobooks, a move that could challenge Audible and Spotify in digital audio. Inside GTA VI's Development - Bloomberg details Rockstar Games' eight-year development of Grand Theft Auto