SpaceX, OpenAI, ByteDance… These mega-unicorns that are snubbing the stock market - marketscreener.com

Published: October 20, 2026 at 1:45p.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. ByteDance, Alibaba and Tencent have ordered more than three million of Nvidia’s new RTX PRO 5500 graphics cards with a collective sticker price of over US$35 billion, two people familiar with the matter said, in a rush for a less powerful but export-compliant chip amid U. S. restrictions on trade with China. US-based chipmaker Nvidia has told customers and partners it cannot guarantee that it can fill the orders because demand from Chinese technology companies far exceeds planned production, the two sources and a third person familiar with the matter said. They requested anonymity because they are not authorized to speak to the media. The RTX PRO 5500 is a workstation chip, designed for powerful professional computers rather than the large data-center clusters that use Nvidia’s most advanced AI processors. But it is among the most powerful Nvidia chips that are still available to Chinese buyers. Nvidia’s Blackwell-based B300 data-center chip is not allowed to be sold to Chinese buyers under U. S.

Amazon Web Services vice president for forward-deployed engineering, Asa Kalavade, said the company is looking for a specific skill set. Forward-deployed engineers are one of the hottest jobs in AI. Finding them isn't easy. "These are unicorns," Asa Kalavade, vice president of forward-deployed engineering at Amazon Web Services, told Business Insider. Like its rivals, Amazon has made a big bet on the future of FDEs. In June, AWS announced a $1 billion investment to create a dedicated AWS FDE organization. Popularized by Palantir, FDEs are often embedded with companies to integrate AI into their workflows and to build more customized solutions. Anthropic, OpenAI, and Microsoft have announced major initiatives in recent months to compete for the lucrative enterprise AI business. Forrester estimates that between May and July alone, the three companies and Amazon pledged roughly $9 billion to FDE-related ventures. "FDE hiring is sort of the rage in town these days," Kalavade said. "Everybody wants to be an FDE. "Amazon is being selective as it builds the team, Kalavade said, initially focusing on engineers who can hit the ground running.

Horror takes on many different forms. Slashers, ghosts and monsters have plagued our screens for decades. But some of the most terrifying stories aren’t fiction; they’re walking around us every day. Recent horror has started to show us this part of the world that we tend to ignore, rather than shying away and focusing on fictional creatures. New films like Obsession and Send Help have touched on the idea, with commentary touching on power dynamics and bodily control.

Finance Minister Francois-Philippe Champagne announced during question period in the House of Commons that the federal budget will be unveiled on Nov. 5. OTTAWA - Finance Minister François-Philippe Champagne will table the federal budget on Nov. 5, he announced in the House of Commons on Tuesday. “This plan will unlock investment, create high-paying jobs across our nation, and strengthen our economy and our country for generations to come,” Champagne declared as he unveiled the date. The fall budget, which provides Canadians with the federal government’s economic blueprint, will be the second under Prime Minister Mark Carney. Last month, Carney said his government is on track to balance its operating budget by 2027-28, one year earlier than he first promised. Finance and National Revenue Minister Francois-Philippe Champagne looks on as Prime Minister Mark Carney responds to a question during an announcement on Parliament Hill in Ottawa, Tuesday, April 14, 2026.

Trade WarUpdated: October 20, 2026 at 3:46p.m. EDTPublished: October 20, 2026 at 3:32p.m. EDTPresident Donald Trump speaks in the Oval Office of the White House on Tuesday, Oct. 20, 2026, in Washington. (AP Photo/Jacquelyn Martin) A lawsuit challenging U. S. President Donald Trump’s tariffs targeting Canada has been filed in the United States Court of International Trade. The lawsuit, filed Tuesday by the non-profit Liberty Justice Center on behalf of U. S. food importer Gellert Global Group, argues Trump’s use of a Depression-era trade statute exceeds his power as president. Trump used Section 338 of the Tariff Act of 1930 to slap an array of Canadian goods with a 50 per cent levy after trade talks broke down in August. The same statute was used the following month to ban the import of other Canadian goods, including motorcycles and some alcohol and dairy products. Liberty Justice Center CEO Sara Albrecht says in a news release that no president should have the power to pull a dormant statute off the shelf and use it to impose sweeping tariffs or import bans. The lawsuit asks the court to declare the tariffs unlawful and order a refund. Kelly Geraldine Malone, The Canadian Press

Published: October 20, 2026 at 3:44p.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. 3M lifted its 2026 profit forecast on Tuesday, a day after its expanded data centre partnership with Amazon signaled a growing focus on AI-linked offerings, sending the industrial conglomerate’s shares up nearly five per cent. Robust industrial activity in the U. S. as well as growing sales of chipmaking machines and materials as a result of the AI boom have helped the company offset uneven demand in some end markets affected by inflationary pressures.3M’s forecast raise comes on the back of strong sales to chipmakers and higher prices that supported margins, as major technology companies increasingly spend on building out their data center infrastructure to support AI ambitions. Latest updates on company news hereThe deal, announced on Monday, also allows Amazon’s unit to buy 3M stock worth US$521 million through the next seven years as it purchases more data center components.