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  • Dow Drops 800 Points, Oracle AI Hype Fizzles, Pine Labs Rallies, OpenAI Expands, “Thinking Machines” Eyes $50B

Dow Drops 800 Points, Oracle AI Hype Fizzles, Pine Labs Rallies, OpenAI Expands, “Thinking Machines” Eyes $50B

Todya's tech news stories.

Author

Kristoffer Lindström
November 14, 2025

TECH BRIEF

Good morning from Front Research — here’s your rundown of today’s tech stories.

  • US stock markets plunge as hopes for quick Fed rate cuts fade.

  • Wall Street sentiment cools on AI and Oracle’s massive datacenter investments.

  • Pine Labs surges in its Nasdaq debut after a $440M IPO.

  • OpenAI introduces group chat for ChatGPT and releases GPT-5.1 for developers.

  • “Thinking Machines” enters funding talks at a $50 billion valuation.

Here’s the brief.

US Stock Markets Tumble on Rate Cut Skepticism
Equity markets saw a major selloff, with the Dow dropping over 800 points and the Nasdaq and S&P 500 also sharply lower, as investors scaled back expectations for imminent Federal Reserve rate cuts. Tech stocks led the decline, illustrating growing market caution over the path forward for growth sectors.

Wall Street Cools on AI, Oracle’s Buildout Draws Scrutiny
Fresh skepticism has emerged among investors about the extent and pace of Oracle’s AI-focused data center expansion. As sentiment around AI exuberance slows, Oracle’s strategy is under renewed pressure, with financial markets questioning if infrastructure spending is scaling ahead of real demand.

Pine Labs Surges in Trading Debut
Indian fintech Pine Labs jumped in early trading following its $440 million listing, marking a standout IPO for Asian tech this year. The strong debut signals confidence in digital payments and commerce infrastructure despite global fintech market headwinds.

OpenAI Adds Group Chat and Rolls Out GPT-5.1
OpenAI has launched group chat capabilities for ChatGPT, enabling real-time collaboration between multiple users in a shared AI workspace. The company also released GPT-5.1 for developers, touting upgrades in context retention and processing speed.

“Thinking Machines” in Talks for $50B Funding Round
AI startup “Thinking Machines,” led by Mira Murati, is in advanced discussions to raise funding at a $50 billion valuation—a testament to enduring investor appetite for foundational AI platforms, even as the wider market sentiment for AI moderates.

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