Daily Global Technology Digest | Tuesday, October 27, 2026 It’s Tuesday, October 27, 2026, and the AI boom is entering a new phase, one defined by staggering financial commitments, mounting infrastructure costs, and a growing divide between companies building frontier models and those racing to supply the computing power behind them. Today’s headlines lead with

Technology investor Paul Kedrosky says the AI bubble may sit in private markets, not public stocks. He estimates upcoming listings could carry combined valuations of $4 trillion to $6 trillion, near the Nasdaq dotcom peak. Anthropic filed an S-1 Monday for a Nasdaq listing as ANT, reporting first half revenue of $16.3 billion and a $693 million operating loss.

Revenue rose 23.7% to ₹46,230 crore; Kingfisher volumes increased 44%.

Datavault AI shares fell almost 40% after the company warned investors not to rely on financial results going back to the third quarter of 2025. In a Form 8-K filed with the U.S. Securities and Exchange Commission, management and the audit committee concluded on Oct. 20 that four sets of financial statements should not be relied upon. The affected periods ended Sept. 30, 2025, March 31, 2026, and June 30, 2026; the 2025 annual report is also affected. The warning covers related earnings releases, press statements, and investor presentations. The accounting issue centers on a $150 million equity agreement Datavault signed with Scilex Holding in September 2025. Scilex agreed to buy 15 million Datavault shares and a prefunded warrant covering more than 263.9 million shares, with payment in bitcoin. Scilex used an offchain transfer to credit 1,309.04 bitcoin to the Datavault account at Biconomy Pte. Ltd. Datavault sold 491.431 bitcoin back to Scilex for about $40.5 million in cash between September 2025 and January 2026. In June 2026, Datavault sought to withdraw bitcoin from the Biconomy account to an external wallet. The withdrawal remained incomplete when Datavault filed the Form 8-K. Datavault concluded that the bitcoin had never qualified for recognition as its own digital asset. It will instead recognize the holdings as a subscription receivable due from Scilex, reducing shareholder equity. The filing projects restatements will reduce total assets by $8.1 million at Sept. 30, 2025; $92.2 million at Dec. 31, 2025; $57.1 million at March 31, 2026; and $49.0 million at June 30, 2026. Datavault will reverse previously recognized cryptocurrency gains and losses. Management is reconsidering going-concern assessments for 2025 and the first quarter of 2026. The earlier assessments treated the bitcoin as available liquidity. Management is revisiting them because the bitcoin will leave the balance sheet and collection from Scilex is uncertain. Datavault has not set a timetable for filing the restatements. The company said the review remains preliminary and unaudited and cautioned that additional errors could emerge. Management has not completed its assessment of whether the issues indicate a material weakness in internal controls. The filing flags a possible delay in the third-quarter 2026 report and Nasdaq listing compliance as a risk. Benzinga Pro data showed Datavault shares trading at 8 cents, down 38.10%, at publication on Tuesday.

Datavault AI shares fell nearly 40% after the company warned investors not to rely on financial results dating back to Q3 2025. In a Form 8-K filed with the U.S. Securities and Exchange Commission, management and the audit committee said they reached the nonreliance conclusion on Oct. 20. The conclusion covers four sets of financial statements for quarterly periods ended Sept. 30, 2025; March 31, 2026; and June 30, 2026, plus the 2025 annual report. It also extends to associated earnings announcements, press statements and investor presentations. The issue centers on a $150 million equity agreement Datavault signed with Scilex Holding in September 2025. Scilex agreed to buy 15 million Datavault shares and a prefunded warrant covering more than 263.9 million shares, paying in bitcoin. Scilex used an offchain transfer to credit 1,309.04 bitcoin to Datavault's account at Biconomy Pte. Ltd. Datavault sold 491.431 bitcoin back to Scilex for about $40.5 million in cash between September 2025 and January 2026. Datavault sought to withdraw bitcoin from the Biconomy account to an external wallet in June 2026. The withdrawal was still incomplete when Datavault filed the Form 8-K. Its review concluded the bitcoin never qualified for recognition as Datavault's own digital asset. Datavault will instead recognize the holdings as a subscription receivable due from Scilex, reducing stockholders' equity. Restatements are projected to cut total assets by $8.1 million at Sept. 30, 2025; $92.2 million at Dec. 31, 2025; $57.1 million at March 31, 2026; and $49.0 million at June 30, 2026. Datavault will reverse previously recognized cryptocurrency gains and losses. Management is reconsidering going-concern assessments for 2025 and Q1 2026. The prior assessments treated the bitcoin as available liquidity. The reassessment reflects the bitcoin leaving the balance sheet and uncertainty over collection from Scilex. Datavault has not set a timetable for filing the restatements. It said the review is preliminary and unaudited and warned additional errors could emerge. Management has not completed its assessment of whether the issues point to a material weakness in internal controls. The filing cites a possible delay in the Q3 2026 report and Nasdaq listing compliance as a risk. Benzinga Pro data showed Datavault shares at 8 cents, down 38.10%, at publication on Tuesday.

HSBC reported third-quarter revenue of $18.6 billion, missing expectations, and its shares fell 5.4% to a near six-month low. The FTSE 250 rose 0.93%, bucking the trend.

Aave V4 active loans passed $500 million and more than doubled over the past two months, the protocol reported. This metric tracks outstanding borrows on V4 and signals stronger borrowing demand. It does not represent total deposits or available liquidity.

Revenue rose to Rs 31,997.55 crore from Rs 26,704.17 crore a year earlier.

Kaiko data shows USDC now accounts for 56% of stablecoin trading against the euro, up from 10% in January 2024. The shift followed major exchanges restricting USDT services for EEA users under MiCA. USDC euro order books are about 40% deeper than those for USDT, Kaiko said. Tether remains larger globally, with supply roughly 2.5 times USDC.