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Kite Realty Group Trust Q3 2026 Earnings Call Summary

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  • AI data centers have a bigger problem than water

    Host Ejaaz Ahamadeen argues that concerns about AI data centers' water use are overstated, noting that facilities now recycle the same water and that the author of an earlier viral claim later corrected herself. Citing a SemiAnalysis review, he says one or two In-N-Out restaurants use more water than Elon Musk's Colossus 2, one of the largest AI data centers. He says electricity demand is the more valid concern and points to Microsoft and, he believes, Meta pledging to cover and subsidize local electricity bills if they rise. He predicts the hyperscalers will simply pay those costs, though he says he will believe the pledges when he sees them.

    Yahoo Finance·data centersartificial intelligenceelectricity
  • Sam Altman Says It's 'Fucking Annoying' His RAM Comments Were Taken Out of Context

    OpenAI CEO Sam Altman said it was 'fucking annoying' that his comments about computer memory were taken out of context after Elon Musk mocked them. Altman had said it was 'quite terrible' for the world's limited DRAM supply to sit in home computers used 5% of the time, and he said he has long argued for more memory production. He briefly renamed his X account 'Ram Altman' in response to users' jokes. The remarks come amid a global memory shortage driven by AI data center demand, with contract prices for 16GB DDR5 chips reportedly rising from $8.70 in October 2025 to $48 in September 2026, an increase of more than 550%.

    Decrypt·Sam AltmanOpenAIdata centers
  • Blockchain is ‘perfect solution’ for AI agent trust, VeChain CEO says

    VeChain co-founder and CEO Sunny Lu said AI agents could drive blockchain's next adoption cycle, since autonomous agents would need systems to verify their identities and reputations, calling blockchain 'the perfect solution'. He spoke on Cointelegraph's Chain Reaction show while promoting VeWorld.ai, an agent-building platform that uses VeChain's blockchain. In his vision, agents would carry digital 'passports' within a decentralized credibility system that tracks their reputations and those of their creators, with smart contracts settling transactions between agents or with people. Lu also argued that agent-building tools could let non-developers turn their expertise into businesses, comparing this to mobile app stores, while Animoca Brands chairman Yat Siu warned that users risk building strategies around services they do not control.

    Cointelegraph·▲ VET/USDTblockchaincryptoartificial intelligence
  • Apple cuts staff AI usage in scramble to rein in costs

    Apple has restricted employees' AI use to cut costs. According to Bloomberg, daily usage caps for engineering staff were reduced from $300 (£223) to $200, and the company is reportedly considering lowering the engineering cap to $100 and cutting non-technical staff's daily budgets from $100 to $25. Apple joins other companies that have curbed AI spending, including Revolut, Accenture, Uber, Tesla, Microsoft and Meta, amid concerns about costs and productivity. The limits apply to 'tokens', units of AI consumption, even as Apple pushes staff to use more AI to boost productivity. The changes are among the first by CEO John Ternus, who succeeded Tim Cook in September, and the trend has raised concerns about the planned IPOs of Anthropic and OpenAI, with investors saying Anthropic may list at a valuation of $1.5tn or less, below earlier hopes of $2tn. Apple did not comment.

    Yahoo Finance·• AAPLAppleartificial intelligenceAnthropic
  • Chinese AI lab Moonshot turned to Europe for Nvidia Blackwell access amid U.S. China curbs, sources tell CNBC

    Moonshot AI, a Chinese AI lab that the White House said accessed Nvidia's Blackwell chips via a facility in Thailand, has reportedly sought access to such chips through data centers in Europe, according to CNBC sources. Talks this year reportedly covered renting capacity from non-Chinese neocloud operators, including clusters of 8,000 or more Blackwell GPUs for inference and possibly training. One source said Moonshot was proposed to pay 30% to 50% more upfront than a non-Chinese customer. U.S. export controls restrict shipments of Nvidia's most advanced chips to China, but remote access through overseas cloud services is not broadly regulated, and the Remote Access Security Act passed the House in January but has not cleared the Senate. The Financial Times reported that Nvidia told cloud providers to sell at least 51% of their services to non-Chinese customers. Moonshot and Nvidia did not respond to requests for comment.

    CNBC·▼ NVDANVDAsemiconductorsChina
  • TSMC’s AI Opportunity Is Expanding. Here’s the Question That Matters for Its Stock Price

    TSMC posted its third straight earnings beat, with third-quarter EPS of $4.60 against a $4.46 consensus and revenue of $46.72 billion, up 41.2% in dollar terms. It guided fourth-quarter revenue to $52.3 billion to $54.3 billion. Even so, shares fell 10.97% over the past month and closed at $406.13. CFO Wendell Huang said that if the company executes well, revenue growth will outpace capex growth. The 24/7 Wall St. price target is $516.16, implying 27.09% upside, with a bull case of $536.47 and a bear case of $432.68, and the article flags margin dilution from overseas fabs as a risk, with gross margin down 1.3 points sequentially and guided margins of 65% to 67%.

    Yahoo Finance·▲ NVDATSMCearningssemiconductors

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