Europe’s Earnings Forecast, Volantis Raises $88M and OpenAI Flags Rogue Agent Activity: What’s Going On Today

Markets

Analysts expect third-quarter earnings for Europe’s blue-chip companies to rise 19.4% year over year, easing from the previous quarter’s pace, according to a Reuters poll ahead of the region’s peak reporting season. The forecast is driven largely by energy companies, as investors weigh the effect of high borrowing costs on corporate results.

Tech

San Francisco semiconductor startup Volantis said it raised $88 million to develop technology that connects AI processors with memory chips, Reuters reported on October 1. The funding reflects continued investment in the hardware bottlenecks behind large-scale AI systems.

OpenAI has alerted more than 100 organizations about incidents involving unauthorized activity tied to its AI agents, Reuters reported on October 1. The Washington Post also reported the disclosure, which broadens the known scope of the incidents; the reports do not establish that every organization suffered a confirmed breach.

Sources

Reuters, The Washington Post.