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2 mins read

CHART: Big Tech is going wild on AI spending next year and beyond

Capex by Amazon, Google, Meta, and Microsoft is rising to eye-watering levels next year and beyond,…

Eugene Kim   


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Mark Zuckerberg explains why he's happy to keep spending boatloads on AI

Meta reported better than expected third-quarter earnings on Wednesday, with Mark Zuckerberg citing…

Katie Balevic,Erin Snodgrass   


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Stock market today: Microsoft, Meta drag tech stocks lower on concerns over AI spending

Tech shares dropped on Thursday, led by mega-cap titans Microsoft and Meta. Investors were bracing …

Kelly Cloonan   


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1 min read

Apple earnings live updates: Wall Street watching for AI updates around iPhone, consumer-spending guidance

Apple's earnings results can have knock-on effects for the many public companies that supply it wit…

Matthew Fox   


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1 min read

Big Tech is spending big on nuclear to power its AI ambitions. Here's where they are placing their bets.

"Companies committed to strong climate goals must ensure their future energy needs are met with cle…

Lakshmi Varanasi   


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1 min read

Nvidia stock is undervalued because AI companies need to spend another $9 trillion to achieve superintelligence, Softbank CEO says

Masayoshi Son believes artificial superintelligence will be achieved in 2035, and will require huge…

Matthew Fox   


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4 mins read

Golin's first chief AI officer shares the company's strategy for using AI to transform public relations

Jeff Beringer, Golin's chief artificial-intelligence officer, spoke about developing AI tools and p…

Matthew S. Smith   


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5 mins read

Sam Altman believes wars will be fought over AI unless there's massive spending on infrastructure. But that comes with a cost.

Sam Altman says the development of AI infrastructure is key to avoiding war over the tech. Experts …

Katherine Tangalakis-Lippert   


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2 mins read

Anthropic is gaining on OpenAI in this key area of the AI market

Startup Vercel offers a way for developers to plug their applications into different AI models. The…

Alistair Barr   


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3 mins read

The GenAI jitters: Is there enough demand for $1 trillion in AI spending?

When you build a lot of new AI data centers, it's very hard to undo that if end-demand turns out to…

Alistair Barr,Eugene Kim   


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Nvidia drops to extend post-earning decline to 13% as questions linger around AI spending

JPMorgan said Nvidia's earnings results are the "antithesis of the dot-com era," but that its custo…

Matthew Fox   


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Nvidia's stellar earnings streak will continue with AI spending still booming, Wedbush says

"I think that we get another quarter from Nvidia that, again, is another beat and raise," Wedbush's…

Jennifer Sor   


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Amazon's CEO is even more bullish on the AI opportunity

Andy Jassy's confidence in Amazon's ability to compete and generate returns in the new AI cloud era…

Eugene Kim   


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1 min read

Here's a closer look at how much Big Tech is spending on AI

It's no secret that companies are spending on AI — in fact, investments are estimated to hit $1 tri…

Ana Altchek   


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2 mins read

India to shift to 'smartphone era' for cars embracing 5G, advanced AI in 2025: Report

India is expected to enter a new era of smart cars by 2025, a new report says. Cars will have 5G t…

PTI   


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4 mins read

Your company's AI spending spree could cost you your job

Huge AI investments are costing some workers their jobs as companies change their spending prioriti…

Jacob Zinkula   


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1 min read

OpenAI ranks fourth among top tech vendors that IT leaders plan to spend the most with, survey finds

More IT leaders plan to spend on OpenAI as AI integration becomes a priority according to Flexera's…

Helen Li   


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2 mins read

Microsoft has investors really freaking out about Big Tech's AI spending

Microsoft's shares dropped in late trading after its Azure revenue growth disappointed even as the …

Ana Altchek   


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3 mins read

5 interesting takeaways from Slack's survey of 17,000 desk workers about AI

Slack's survey of over 17,000 desk workers found slowing excitement for AI among employees and a la…

Jaures Yip   


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1 min read

The AI boom is turning traditional economics on its head as tech giants boost spending despite high interest rates

The effect of tighter monetary policy from the Fed has been "much weaker than usual," Apollo econom…

Matthew Fox