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    Home / News / BlackRock Eyes $20B AI Deal, Sora Tops App Store
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October 4, 2025 by Imelda
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BlackRock Eyes $20B AI Deal, Sora Tops App Store

**BlackRock Eyes $20 Billion AI Data Center Deal**

BlackRock, the global investment giant, is close to finalizing a massive $20 billion deal to buy Aligned Data Centers. This move is part of BlackRock’s strategy to tap into the rapidly growing demand for artificial intelligence infrastructure. As AI technology expands, data centers are becoming a crucial part of the digital economy, making them a hot target for investors.

**Nvidia CEO Frustrated Over Delays in UAE Chip Deal**

Nvidia’s CEO Jensen Huang is reportedly growing impatient over delays in a multibillion-dollar semiconductor deal with the United Arab Emirates. The agreement, first announced in May, has stalled due to U.S. government concerns. Commerce Secretary Howard Lutnick is pushing the UAE to make specific U.S.-based investments before moving forward with the chip project, creating tensions around international tech cooperation.

**OpenAI’s Sora App Tops App Store, Meta Stock Drops**

OpenAI’s new app, Sora, has quickly become the most downloaded app on Apple’s App Store. Sora is similar to TikTok but only features short videos made using AI tools by users. As its popularity skyrockets, Meta (the parent company of Facebook and Instagram) saw a dip in its stock price, likely due to rising competition. Meanwhile, ICEBlock, another popular app, was taken down by Apple after concerns from the U.S. Justice Department that it could endanger law enforcement operations.

**Walmart’s OnePay App Will Soon Support Bitcoin and Ethereum**

Walmart is expanding its presence in the financial tech world with its OnePay app. Soon, users will be able to buy, sell, and hold cryptocurrencies like Bitcoin and Ethereum directly through the app. This move places Walmart in the growing space of crypto-enabled retail finance and could make digital currencies more accessible to everyday consumers.

**Pfizer and Trump Admin Reach Last-Minute Drug Pricing Deal**

Pfizer and former President Trump’s administration reached a drug pricing agreement after intense last-minute negotiations. The deal reflects a long series of talks between Pfizer CEO Albert Bourla and Trump’s team about lowering medicine costs. This agreement was part of broader efforts to make prescription drugs more affordable in the U.S.

**Google Invests $4 Billion in Arkansas Data Center**

Google has announced plans to build a new $4 billion data center in Arkansas. The project will create hundreds of permanent jobs and thousands of construction roles in the region. This major investment reflects Google’s ongoing expansion of cloud computing capabilities and support for AI infrastructure across the U.S.

**Applied Materials Faces $710M Hit from New U.S. Export Rules**

Applied Materials expects to lose around $710 million in revenue due to new U.S. export restrictions. These rules, issued by the Bureau of Industry and Security, limit the company’s ability to ship certain technology products to customers in China without government approval. The changes are part of broader efforts to tighten tech exports amid U.S.-China tensions.

**Beauty Tech Group Boosts London Stock Exchange with Market Debut**

Beauty Tech Group saw its stock rise during its first day of trading on the London Stock Exchange. The company’s successful market debut is seen as a positive sign for London’s financial market, which has faced challenges attracting high-profile listings recently.

**Corning Set to Win Big from AI Data Center Growth**

Corning, best known for making Pyrex glassware, is emerging as a key player in the AI data center boom. Analysts say Corning’s decades-long investment in advanced glass and optical technology gives it an edge as demand grows for high-speed data connections in AI-driven systems.

**Brazilian Telecom Oi Denied U.S. Chapter 11 Bankruptcy Option**

Brazilian telecom provider Oi has been blocked from switching its current foreign bankruptcy protection status in the U.S. to Chapter 11 bankruptcy. The move would have allowed Oi more flexibility in restructuring its debts, but a U.S. court denied the request.

**Opendoor’s Popularity Doesn’t Fix Its Money Problems**

Opendoor, a real estate tech company known for buying and selling homes quickly, has become popular among retail investors online. Despite the hype, the company continues to lose money and faces questions about whether its business model can survive long-term.

**Cyberattack on Asahi Sparks Beer Shortage Fears in Japan**

Japan’s favorite beer brand, Asahi Group, is struggling to restore production after a cyberattack disrupted its operations. Four days after the attack, many of Asahi’s breweries remain offline, raising concerns that beer supplies could run low across the country if the issues continue.

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