MarketCatalystAffirm launches as the exclusive pay-over-time provider at Walmart's Sam's Club in a multiyear deal. It goes live on SamsClub.com in the coming weeks, with in-club availability planned for 2027.
Maeil Business Newspaper reports Nvidia would invest about 2.6 trillion won and Tesla 1.1 trillion won in AI chip substrate lines in South Korea. Samsung Electro-Mechanics and Nvidia announced a multiyear supply partnership on Oct. 21.
Oracle ($ORCL) founder Larry Ellison expanded stock-backed borrowing to help finance his son David's $81 billion Warner Bros. Discovery takeover, abandoning plans to sell roughly $7.5 billion in Oracle shares, with Oracle, Tesla ($TSLA), SpaceX and Paramount Skydance shares pledged to secure loans from Citigroup ($C), JPMorgan ($JPM), UBS, HSBC and BNP Paribas.
Qualcomm ($QCOM) plans global job cuts beginning in November as CEO Cristiano Amon pushes a performance-focused restructuring amid weaker smartphone demand and a shift toward AI data centers.
Oracle reported rapid construction progress at its Project Jupiter AI data center campus in New Mexico and outlined new commitments on emissions, renewable energy and water, including a request for proposals for 2 GW of renewable power.
Nvidia secured new CPU business from AI cloud startup Modal, which said early tests showed Nvidia's Vera CPU doubled AI agent workloads versus its Intel and AMD chips. Modal will add Vera alongside its existing suppliers.