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Meta Says It Plans to Spend Billions More on A.I.
Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.The New York Times - Tech -
Microsoft to Invest $1.7 Billion in AI Infrastructure in Indonesia
The U.S. tech giant said the investment will build on plans to build the company’s first data center region in Indonesia and mark its single biggest investment in Southeast Asia’s largest economy.The Wall Street Journal - Tech - Microsoft -
What Is TikTok Worth? Some Say $20 Billion, Others Say $100 Billion
The answer depends partly on whether TikTok bundles the U.S. and international businesses, and if it includes its coveted algorithm.The Wall Street Journal - Tech - Tiktok -
Schemes targeting seniors account for $3.4 billion in reported losses, FBI says
Reports of elder fraud crimes increased by 14% in 2023, according to a new federal report.CBS News - Politics -
Microsoft will invest $1.7 billion in AI and cloud infrastructure in Indonesia
Microsoft will invest $1.7 billion over the next four years in new cloud and artificial intelligence infrastructure in Indonesia — the single largest investment in Microsoft’s 29-year history in the countryABC News - Tech - Microsoft -
Amazon Reports $143.3 Billion in Revenue for First Quarter of 2024
The company also reported that profit more than tripled, to $10.4 billion, topping Wall Street expectations.The New York Times - Tech -
AMD says it will sell $4 billion in AI chips this year; stock drops on in-line forecast
AMD sells AI chips that compete with Nvidia, but it makes most of its money from PC chips.CNBC - Business -
Donald Trump is $1.8 billion richer after getting DJT stock bonus
Trump's ownership stake in Trump Media & Technology group now stands at $5.7 billion, buoyed by a rise in the stock's price.CBS News - Top stories - Donald Trump -
Micron Gets $6.1 Billion to Build Three New Facilities
The government grant will fuel up to $125 billion in investment by Micron in New York and Idaho over the next 20 years, U.S. officials said.The Wall Street Journal - Tech -
NBC Prepares $2.5-Billion-a-Year Bid to Pluck NBA Rights From TNT
The league is in advanced stages of a new round of media-rights deals. Disney’s payments would increase under a proposed deal.The Wall Street Journal - Business - NBA -
$1.3 billion Powerball win draws attention to a little-known immigrant culture in the U.S.
A 46-year-old immigrant's Powerball win has raised awareness about Iu Mien people, a southeast Asian ethnic group with a sizeable community in Oregon.NBC News - Top stories -
DJT: Trump receives 36 million shares of Trump Media worth $1.8 billion as earnout bonus
The shares were part of a contractual "earnout bonus" that Trump's eponymous media company agreed to shortly before it went public in March.CNBC - Business - Donald Trump -
Over $1 billion in unclaimed tax refunds is set to expire in just over 2 weeks, IRS says—here’s how to claim yours
The IRS says it's holding onto over $1 billion in unclaimed tax refunds. Filers have until May 17 to claim their potential portion. How to get started.CNBC - Business -
Binance co-founder Zhao set to keep on growing his $33 billion fortune even as he heads to prison for four months
Binance founder Changpeng Zhao expected to see his $33 billion personal fortune continue to climb while he's in prison.CNBC - Business