Top stories for the morning: Trump quarrels with Canada, Anthropic has a deal with Google, Korea has a record in Korea

US President Donald Trump has escalated relations with Canada, halting trade talks in the wake of the Ronald Reagan "fake" voiceover ad scandal. Intel reported revenue and profit growth with multi-billion dollar US support and investment from Nvidia, while OpenAI continues to expand with the purchase of Mac AI developer Sky. These and other topics are covered in our review of key events for the morning of October 24.

U.S. President Donald Trump has announced the termination of trade talks with Canada after the Ontario government launched an anti-duty ad campaign in the United States using the voice of Ronald Reagan, the Financial Times reports. Trump called Canada's actions "egregious" and said "all negotiations with Canada are being terminated."

Ontario Premier Doug Ford admitted that it was his government that initiated the campaign targeting American Republicans. He explained that he wanted to "bring Reagan's words to the people of the United States." The Reagan Foundation said the video distorts the original 1987 address and was used without authorization.

The breakdown in talks threatens $1.3 trillion in trade between the countries and heightens tensions amid Trump's upcoming visit to Asia. Canadian Prime Minister Mark Carney has previously tried to restore relations with the White House, but the conflict with Ontario has again exacerbated the situation, the FT notes.

OpenAI has announced the purchase of Software Applications Incorporated, a small startup that created Sky artificial intelligence for Apple computers, CNBC reports. The product allows Mac users to manage tasks, write text and code, and interact with applications using natural language.

All 12 Software Applications employees will move to OpenAI. The details of the deal were not disclosed. According to ChatGPT CEO Nick Turley, the Sky integration will accelerate the realization of the idea of embedding AI directly into users' everyday tools.

Founded in 2023, the company had previously raised $6.5 million in investment, including being backed by a fund linked to OpenAI head Sam Altman. The deal was OpenAI's next move after buying Statsig for $1.1 billion and former Apple designer Jony Ive's startup io for more than $6 billion.

Intel reported revenue of $13.65 billion for the third quarter, beating analysts' forecasts and showing a recovery in demand for x86 processors for PCs, CNBC writes. The company's shares rose nearly 8% after the report was released. Net income totaled $4.1 billion versus a loss a year earlier, helped by $5.7 billion in revenue from the U.S. government as part of an $8.9 billion deal.

The company confirmed that the U.S. has become its key partner in rebuilding its semiconductor manufacturing, and that it has received a $5 billion investment from Nvidia - the parties intend to integrate Intel's central processing units (CPUs) with Nvidia's graphics processing units (GPUs).

PC processor sales reached $8.5 billion (+3%), but the data center business declined by 1%. The manufacturing division (foundry) showed $4.2 bln in revenue, remaining without external customers. Intel's workforce shrank to 88,400 from 124,100 a year earlier.

AI startup Anthropic and Google have announced a massive partnership that will give the company access to one million of Google's specialized TPU processors. This is Anthropic's largest contract to date, valued at tens of billions of dollars, CNBC writes. The capacity will provide more than one gigawatt of computing resources for AI by 2026.

The startup, founded by former OpenAI researchers, follows a sustainable growth strategy and uses a multi-cloud architecture: Claude's models run on Google's TPU, Amazon's Trainium, and Nvidia's GPU. This approach allows for flexible load balancing and lower computational cost.

Anthropic is experiencing explosive growth, with annual revenue approaching $7 billion and over 300,000 companies using Claude's products. Amazon remains the main cloud partner with an $8 billion investment, while Google holds a 10% stake in Anthropic, investing $3 billion.

South Korea's Kospi index jumped 2.5 percent to an all-time high after news of upcoming talks between U.S. President Donald Trump and Chinese President Xi Jinping next week, CNBC reported .

Trump's visit will begin with Malaysia, then he will visit Japan and South Korea, speaking at the APEC summit.

Japan's Nikkei 225 was adding 1.6% at its peak for the day, despite the release of statistics on the country's inflation accelerating to 2.9% in Ma - the first time since Ma.

- Japan's broad Topix index rose by 0.9%. Benchmark Nikkei 225 - by 1.6%.

- In South Korea, the Kospi index rose 2.5 percent and the Kosdaq climbed 1.3 percent.

- Australia's S&P/ASX 200 was down 0.15 percent.

- Futures on the Nasdaq 100 were adding 0.3 percent, the S&P 500 was up 0.2 percent and the Dow Jones Industrial Average was up 0.14 percent.

This article was AI-translated and verified by a human editor