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Tuesday, 13 October 2026

AI spending keeps the world growing, as chip shares fall and power grids run short

302 stories · 12 beats · 4 signals

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Money pouring into AI computers High ↑
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Seen in 4 of the 12 beats
  • Finance

    The IMF says spending on chips and data centres kept the world economy growing through the oil shock. Then South Korea's main share index fell more than 6%, and SK Hynix, which makes memory chips for AI, fell more than 8%.

  • Climate

    PJM, the biggest US power grid, expects data centres to need about 29 gigawatts by 2030, and asked to cut their power first in a shortage. The US regulator said no: only the states may decide whose power goes off.

  • Tech

    Microsoft, Intel and AMD all showed chips built to answer AI questions more cheaply, not to build bigger AI models.

  • Gaming

    Money spent on game consoles fell 12% from July to September, the steepest drop in two years. Polygon, a games news site, says a shortage of memory chips has pushed console prices up.

AI doing work people used to do Building ↑
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Seen in 2 of the 12 beats
  • Finance

    Kroger, a big US grocery chain, will cut 3,000 office jobs, more than a third of its office staff. US finance, information and professional firms produce 16% more than in 2022 with 2% fewer staff.

  • Gaming

    Epic Games, which cut more than 1,000 jobs in March, told the team on its delayed Disney game to stop writing code by hand. AI is to write the code and make the art.

Governments short of money Building ↑
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Seen in 3 of the 12 beats
  • Finance

    The IMF says government deficits around the world are the biggest since Covid. That is the gap between what governments spend and what they collect.

  • Money

    The IFS, a UK research group, says the chancellor must find about 35 billion pounds to keep his spending promises. English county councils expect their debts for special school support to reach 10 billion pounds by 2028.

  • Climate

    UK ministers plan to take hundreds of millions of pounds from grants for heat pumps, which heat homes with electricity, to help pay for defence.

Emergency oil stores running down High ↑
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Seen in 3 of the 12 beats
  • Climate

    In March, the rich countries in the IEA agreed to release 400 million barrels of emergency oil, and an internal document says about 326 million have gone out. The IEA has now asked each country whether it can release more diesel, and how soon.

  • Finance

    The IMF warns that emergency oil stocks are shrinking. A barrel of oil rose to about $106 on Monday after attacks on Saudi Arabia.

  • Money

    The UK will make rules for sellers of heating oil, the fuel 1.5 million homes burn, after its price nearly doubled in a year. There is no price cap and no start date yet.

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