Friday 9 October 2026
Top stories today:
Microsoft, Adobe suspended from U.S. skilled-worker residency
Elon Musk, Jensen Huang, Lisa Su awarded National Medal of Science
OpenAI annualized revenue neared $50B in Sep., below reported $70B
Appleās touch-screen MacBook, OLED iPad mini to debut on Oct. 27
Arena raises $200M at $3.1B valuation, launches Alignment Index
0. Data & Calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
No major events today.
Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations):
1. Microsoft, Adobe, Infosys suspended from U.S. skilled-worker residency program over alleged fraud
Microsoft shares closed -1.4% Thu.:
JD Vance accused Microsoft of abusing the H-1B program.
A small-town newspaper ad is used to show no one is responding to a job opening, Vance said.
U.S. workers are replaced with āforeign indentured servants,ā he said.
80% of Microsoftās ~6K H-1B applications last fiscal year were āto extend or change the status of existing Microsoft employees,ā the company said.
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3. Elon Musk, Jensen Huang, Lisa Su awarded National Medal of Science by Trump
Satya Nadella and Michael Dell were awarded the National Medal of Technology and Innovation during the White House summit.
The ceremony came hours after Microsoft was suspended from the PREM program.
āAnyoneā using āArtificial Intelligenceā would be an āENEMY,ā Trump separately posted online, calling āSuper Intelligenceā the preferred term.
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5. OpenAI annualized revenue neared $50B in Sep., well below reported $70B
Investors āgrossing upā OpenAIās revenue to compare it with Anthropic reportedly led to the $70B figure.
Anthropic includes sales through cloud partners in its revenue, while OpenAI does not.
NVIDIA, Oracle, CoreWeave, and other AI stocks fell Thu. after the lower OpenAI revenue figure was reported.
By 2026-end, OpenAI is now reportedly expecting $70B in annualized revenue.
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7. Appleās touch-screen MacBook, OLED iPad mini said to debut at Oct. 27 event
A 14ā MacBook Pro and iMac with M6 chips are also expected.
Meanwhile, Apple announced an Oct. 13 āWelcome homeā event, where a āHomePad,ā new Apple TV, and LG-branded home accessories are expected.
