# Daily Fintech News — October 13, 2026 > Daily brief on markets, macro, banking, chips and AI infrastructure. Published October 13, 2026 at 7:00 PM ET by Daily Fintech News. Canonical HTML: https://dailyfintechnews.com/brief/fintech/2026-10-13 **Entities covered:** Nvidia, Microsoft, Anthropic, Data center, Japan --- ## 1. Nvidia in talks to acquire open-model startup Reflection AI *Section: AI · Source: FT · Tickers: $NVDA* Nvidia is in talks to buy Reflection AI, a US startup building 'open' AI models. The Trump administration hopes the company can become a homegrown rival to cheap Chinese alternatives such as DeepSeek. - $NVDA close: $224.63 (-0.75%) Permalink: https://dailyfintechnews.com/brief/fintech/2026-10-13#item-1 ## 2. Chip stocks slide after Broadcom chief's 'casino' comment *Section: Markets · Source: FT · Tickers: $AVGO* Chip shares fell, with Samsung and SK Hynix dragging the Kospi sharply lower, after Broadcom's boss likened the AI investment frenzy to a 'casino,' deepening investor worries over the scale of AI spending. - $AVGO close: $353.76 (-0.27%) Permalink: https://dailyfintechnews.com/brief/fintech/2026-10-13#item-2 ## 3. Microsoft nears first record in nearly a year as AI rally builds *Section: Markets · Source: Bloomberg · Tickers: $MSFT* Microsoft is on course for its first record high in almost a year as a renewed, AI-driven rally lifts megacap technology shares. - $MSFT close: $547.12 (+1.10%) Permalink: https://dailyfintechnews.com/brief/fintech/2026-10-13#item-3 ## 4. Anthropic to build its first data center in Japan *Section: AI Infrastructure · Source: The Information* Anthropic plans to build its first data center in Japan as it keeps sprinting to expand global compute capacity for its AI models. Permalink: https://dailyfintechnews.com/brief/fintech/2026-10-13#item-4 ## 5. Neocloud Prime Intellect acquires startup to speed up inference *Section: AI · Source: The Information* AI cloud provider Prime Intellect acquired a startup to accelerate AI inference, deepening its position in the race to supply AI compute. Permalink: https://dailyfintechnews.com/brief/fintech/2026-10-13#item-5 ## 6. Applied Intuition fields offers at $30 billion valuation *Section: Funding · Source: The Information* Autonomous-vehicle software maker Applied Intuition is fielding investor offers at roughly a $30 billion valuation, a sharp markup for the AI-focused startup. Permalink: https://dailyfintechnews.com/brief/fintech/2026-10-13#item-6 --- ## Questions this brief answers **How much is Nvidia paying to acquire open-model startup Reflection AI?** Nvidia is in talks to buy Reflection AI, a US startup building 'open' AI models. The Trump administration hopes the company can become a homegrown rival to cheap Chinese alternatives such as DeepSeek. **Why did Chip stocks slide after fall?** Chip shares fell, with Samsung and SK Hynix dragging the Kospi sharply lower, after Broadcom's boss likened the AI investment frenzy to a 'casino,' deepening investor worries over the scale of AI spending. **Why did Microsoft shares rise?** Microsoft is on course for its first record high in almost a year as a renewed, AI-driven rally lifts megacap technology shares. **What did Anthropic announce on October 13, 2026?** Anthropic plans to build its first data center in Japan as it keeps sprinting to expand global compute capacity for its AI models. **What did Neocloud Prime Intellect acquires announce on October 13, 2026?** AI cloud provider Prime Intellect acquired a startup to accelerate AI inference, deepening its position in the race to supply AI compute. **How much did Applied Intuition fields offers raise, and at what valuation?** Autonomous-vehicle software maker Applied Intuition is fielding investor offers at roughly a $30 billion valuation, a sharp markup for the AI-focused startup. --- ## More from Daily Fintech News - Previous brief: [October 12, 2026 — Quantum-Computing Company IonQ to Buy Cybersecurity Firm Elisity for Up to $1.3 Billion](https://dailyfintechnews.com/brief/fintech/2026-10-12) - Also covers Anthropic, Japan, Microsoft: [August 26, 2026 — Nvidia Crushes Q2, Guides Q3 to $108B](https://dailyfintechnews.com/brief/fintech/2026-08-26) - Also covers Anthropic, Data center, Japan: [August 31, 2026 — Tesla rose 5%, its best day since early July, ahead of Cybercab launch event](https://dailyfintechnews.com/brief/fintech/2026-08-31) - Also covers Anthropic, Data center, Microsoft: [September 8, 2026 — Palantir names Nebius its preferred sovereign AI infrastructure partner](https://dailyfintechnews.com/brief/fintech/2026-09-08) - [All briefs](https://dailyfintechnews.com/brief/fintech) *Source: Daily Fintech News (https://dailyfintechnews.com). Attribution with a link to the brief URL is appreciated when quoted.*