AI and Tech News, 28 Oct 2026: SK Hynix, Nvidia-Meta, Oracle

Here are the twenty-one biggest technology and AI stories of the day, from SK Hynix's record quarter and Nvidia's $3B bet on Meta to a wave of chip and fintech earnings.

1. SK Hynix Posts Record Quarterly Revenue Above 100 Trillion Won as HBM Demand Soars

Revenue rose 328% from a year earlier to 104.6 trillion won and operating profit jumped 632% to 83.3 trillion won, with HBM4 expected to overtake HBM3E this quarter.

2. Nvidia Will Invest $3B in Meta's Stock Offering and Expand Work on Muse Models

Meta also raised its common stock offering to $25B from $22.5B, and plans to deploy more Nvidia Vera Rubin systems to improve training and inference for its Muse models.

3. Oracle Builds ChatGPT and Codex Into Its Business Apps and Adds Google TPUs to Its Cloud

Announced at Oracle AI World, the deal brings OpenAI tools to Fusion Applications and NetSuite, while Oracle Cloud adds Google TPUs and Cerebras systems alongside Nvidia hardware.

4. OpenAI Reportedly Plans to Buy Google's AI Chips, Not Just Rent Them

The Information reported the plan, citing a person familiar with the matter, and OpenAI is hiring a TPU compiler engineer. OpenAI declined to comment and no financial terms were disclosed.

5. Apple Launches a 14-Inch MacBook Pro and an iMac With the New M6 Chip

The MacBook Pro starts at $1,999 and the iMac at $1,499. Preorders open on Wednesday in 35 countries and regions, and both go on sale on November 6.

6. Google DeepMind Unveils Genie 4, a World Model That Generates Its Own Audio

The research preview, rolling out first to Google AI Ultra subscribers, keeps scenes consistent for up to two minutes, double Genie 3, and lets users change worlds with text prompts.

7. Anthropic Gives Every Level of US Government 40% Off Claude

The expanded GSA deal covers Claude Enterprise, Claude for Government and the Claude API, extends to state, local, tribal and territorial governments, and replaces the $1 offer ending October 31.

8. Anthropic Buys Mithril, a One-Person Startup Developing Rare Disease Drugs With Claude

Founder Cody Tranbarger used Claude to run experiments across 11 outside labs on muscular dystrophy treatments, and he will continue the research at Anthropic. The work is still preclinical.

9. Robotics Startup Physical Intelligence Is Reportedly in Talks to Raise $1B at About $20B

Bloomberg reports that existing backers Avenir and Lux Capital are negotiating to lead the round, which would nearly double the valuation of the robot software startup.

10. General Motors Will Move Its Stock Listing From the NYSE to Nasdaq on November 17

The ticker stays GM and shareholders don't need to do anything. GM tied the switch to its technology strategy, and the move makes it eligible for the Nasdaq-100 index.

11. Nvidia Vera Rubin Systems Become Generally Available on Oracle Cloud

Vera Rubin NVL72 racks and Nvidia's Vera CPUs are now available on Oracle Cloud Infrastructure, and the two companies plan to expand Oracle's AI superclusters to multi-gigawatt scale.

12. Tech Stocks Lift the Nasdaq 1.18% as the Fed Meeting Begins

The Nasdaq closed at 26,477.81 and the S&P 500 rose 0.60%, while the Dow was nearly flat ahead of the Fed's decision and this week's Big Tech earnings.

13. Visa's Revenue Grows 13% to $12.1B, but Shares Slip on a Cautious 2027 Outlook

Adjusted earnings of $3.48 a share topped estimates. Visa forecast low-double-digit revenue growth for fiscal 2027, and its shares fell in after-hours trading.

14. PayPal Raises Its Profit Forecast Even as Quarterly Revenue Misses Estimates

Adjusted earnings of $1.45 a share beat the $1.31 forecast, while revenue of $8.58B fell short. PayPal now expects full-year adjusted earnings of about $5.60 a share.

15. NXP Shares Fall About 8% After a Fourth-Quarter Forecast Slightly Below Estimates

The chipmaker's third-quarter revenue rose 19% to $3.79B, but its guidance midpoint of about $3.85B came in just under analysts' expectations.

16. Seagate's Revenue Jumps 61% to $4.2B, Yet Shares Drop About 8% After Hours

The hard drive maker beat estimates and guided to about $4.8B in revenue next quarter, above forecasts, after its stock had already fallen sharply over the past month.

17. Teradyne's Revenue Rises About 70% on AI Chip Testing, but Its Shares Slip

Revenue of $1.306B and adjusted earnings of $2.29 a share beat estimates, yet the stock fell about 6% after hours following a big rally this year.

18. Robinhood Shares Drop About 7% as Revenue Narrowly Misses Forecasts

Revenue rose 12% to $1.42B, just below the $1.43B consensus, while adjusted earnings of $0.60 a share beat estimates. Operating expenses climbed 16%.

19. Enphase Shares Tumble After a Weak Fourth-Quarter Forecast

The solar company expects $225M to $255M in revenue, well below the roughly $300M analysts expected, blaming higher interest rates and the end of a federal tax credit.

20. OpenAI Is Sued Over ChatGPT's Alleged Role in a Woman's Death After She Stopped Her Seizure Medication

Her parents allege GPT-4o helped their 31-year-old daughter taper off her epilepsy drug. OpenAI called the case heartbreaking and said it involved an older version of ChatGPT.

21. Infisical Raises $40M at a $600M Valuation to Secure AI Agents' Credentials

Elad Gil led the Series B. The startup's Agent Vault lets AI agents reach sensitive systems without ever seeing the underlying passwords or keys.