Micron’s AI Sales Surge, DoorDash Adds 3,000 Jobs and FTC Probes AI Labs: What’s Going On Today

Markets

Micron beat Wall Street’s quarterly earnings expectations and issued strong guidance, with data-center revenue increasing elevenfold as demand for AI memory chips surged, CNBC reported on September 30. Reuters separately reported that the company’s next-quarter revenue forecast exceeded estimates and that its customer backlog had grown.

US stocks ended the quarter mixed on Wednesday: the Nasdaq rose while the S&P 500 dipped after inflation data, though both indexes recorded a second consecutive quarterly gain, Reuters reported. The market close follows the August PCE report, which showed a 0.3% monthly increase.

Tech

DoorDash said it will create 3,000 jobs in India over the next two years through a new global technology hub in Hyderabad, according to Reuters and NDTV Profit, both reporting on September 30.

The US Federal Trade Commission has opened an industry-wide inquiry into Anthropic, OpenAI and other AI companies to examine potential risks from their chatbots and AI agents, Reuters reported. Moneycontrol also reported the probe on September 30.

Sources

Reuters, CNBC, NDTV Profit and Moneycontrol. Figures and developments are attributed to the outlets reporting them.