Latest in AI Investments Are Booming, but Venture Firm Profits Are at a Historic Low
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AI Investments Are Booming, but Venture-Firm Profits Are at a Historic Low
Investors hope the Trump administration will make tech acquisition deals easier.Tech - The Wall Street Journal - 6 hours ago -
How Arm could be the unexpected winner of the AI investment boom
Shares in the British chip designer, which is controlled by SoftBank, have trebled in price over the past year. But its ambitions go much furtherBusiness - Financial Times - October 30 -
Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI
Amazon reported a boost in its quarterly profits Thursday and exceeded revenue estimatesTech - ABC News - October 31 -
Alibaba’s stock turns lower as investments to meet AI demand hurt profitability
Alibaba’s stock knee-jerked up after earnings then reversed lower, as revenue missed expectations and ’aggressive’ investments on AI capabilities weighed on profitability.Business - MarketWatch - 2 days ago -
Nvidia supplier SK Hynix posts record quarterly profit as AI boom drives demand
Revenue for the third quarter grew about 94% year-on-year.Business - CNBC - October 24 -
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Play Ventures raises $140M second fund to invest in games and consumer startups
Play Ventures, a global venture capital firm specializing in early-stage gaming, has raised $140 million for its third gaming fund.Tech - VentureBeat - 3 hours ago -
Iberdrola Profit Lifted by Record Investments
Spain’s energy giant Iberdrola posted a 50% rise in net profit for the first nine months of the year helped by record-high investments in its U.S. and U.K. networks.Business - The Wall Street Journal - October 23 -
Meet the Top 269 Investment Firms for Founders
Here are the private equity firms, venture capital firms, and lenders that help founder-led companies grow.Business - Inc. - October 29 -
Wegovy's creator invested £6bn in this town. So why is it not booming?
Europe's most valuable company has invested billions in Kalundborg on Denmark's coast - but it has many problems.Top stories - BBC News - November 3 -
Donald Trump Jr to join venture capital firm rather than father’s administration
President-elect’s eldest son says he will join ‘anti-ESG’ firm 1789 Capital, which focuses on conservative investments. US politics – live updates Donald Trump Jr, the eldest son of ...World - The Guardian - 6 days ago -
StanChart to double investment in wealth management as profits rise
Wealth business had record quarter as revenues rose 32%Business - Financial Times - October 30 -
Mubadala and KKR among groups that have held talks with UK data firm 9fin
Investment valuing market information provider at about $500mn would be the sector’s latest high-profile dealBusiness - Financial Times - November 1 -
Investment firm stole $658 million in a Ponzi scheme targeting conservatives and immigrants
Using celebrity endorsers like Bill O’Reilly and buying ads targeting conservatives and immigrants, a New Jersey real-estate investment company promised huge returns but stole millions.Business - MarketWatch - 4 days ago -
BP's Profit Hits Four-Year Low on Commodity Market Weakness
BP’s profit tumbled in the third quarter, although less than expected, as weak oil prices and refining margins continue to weigh on the energy sector.Business - The Wall Street Journal - October 29 -
Microsoft Cloud revenue rises on AI boom but softer outlook weighs on shares
Warnings of slowing Azure growth and rising data centre costs damp initial optimism on tech giant’s quarterly earningsBusiness - Financial Times - October 31 -
How Samsung fell behind in the AI boom leading to a $126 billion wipeout
Samsung Electronics has fallen behind long-time rival SK Hynix in the area of high-bandwith memory.Business - CNBC - November 8 -
U.S. to Curb AI Investment in China Soon
Some technologies and financial commitments will be blocked, based on President Biden’s 2023 executive order to keep American expertise from helping the Chinese military.Business - Inc. - October 22 -
Deutsche Bank's Investment Bank Performance, Provision Releases Lift Profit
Deutsche Bank reported a better-than-expected rise in its third-quarter profit on growth in its investment-banking division and the partial release of provisions linked to litigation over its ...Business - The Wall Street Journal - October 23 -
Microsoft CFO says OpenAI investment will cut into profit this quarter
Microsoft has invested over $13 billion in OpenAI, a bet that's weighing on the company's profitability.Business - CNBC - October 31 -
Japan's SoftBank returns to profit after gains at Vision Fund and other investments
Japanese technology conglomerate SoftBank Group swung back to profitability in the July-September quarter, boosted by its Vision Fund investmentsTech - ABC News - 6 days ago -
This Texas city has the lowest cost of living in the U.S.: There is 'investment in the area keeps home prices low,' expert says
Realtor.com ranked the cities with the lowest cost of living by examining regional price parities data by the Bureau of Economic Analysis.Business - CNBC - October 27 -
U.S. Factory Towns Laid Low by the ‘China Shock’ Are Benefiting From New Investments
Communities that suffered the worst of plant closings in recent decades are now gaining an outsize share of fresh investment and new jobs.Business - The New York Times - November 1 -
U.S. proposals to curb AI, semiconductor investment into China under final review
The proposals are part of the Joe Biden administration's efforts to restrict the flow of U.S. capital, technology and expertise into China.Business - CNBC - October 22 -
The show’s not over: 2024 sees big boost to AI investment
AI investment continues to show resiliency, driving deal volumes to 1,245 in Q3, 24, a level not seen since Q1, 22.Tech - VentureBeat - November 1 -
AI is changing our money and investing habits — and it’s just the beginning
Financial markets will need much stronger firewalls if regulators hope to control AI’s impact.Business - MarketWatch - Yesterday -
Why the US Government Banned Investments in Some Chinese AI Startups
The Biden administration chose to target only companies developing frontier AI models in China. But Trump could take a more sweeping approach.Tech - Wired - 5 hours ago -
AI boom thrusts Europe between power-hungry data centers and environmental goals
The growth in demand for AI could come at a cost to Europe's decarbonization goals as the specialized chips used by firms like Nvidia are expected to result in a rise in energy use of already ...Business - CNBC - October 29 -
We're hiking our price target on an industrial whose earnings benefit from AI data center boom
Given Eaton stock's year-to-date outperformance, it's not too surprising to see some profit taking on the mixed print.Business - CNBC - October 31 -
Musk’s $1mn-a-day voter giveaway could violate US law, DoJ warns
Billionaire Trump backer has targeted swing states with contest ahead of presidential electionBusiness - Financial Times - October 24 -
SK Hynix Profit Momentum Continues on AI-Chip Demand
SK Hynix posted record earnings in the third quarter as it continued to ride strong demand for powerful computing chips to support artificial-intelligence applications.Tech - The Wall Street Journal - October 23 -
Tencent posts better-than-expected 47% profit surge as games, AI tools shine
Chinese gaming and social media giant Tencent on Wednesday reported profit above analysts' expectations, while revenue missed slightly.Business - CNBC - 5 days ago -
Deutsche Bank shares shed 3% as lender's swing back to profit fails to impress
The partial release of 440 million euros of litigation provisions in the third quarter helped boost profit, Deutsche Bank said.Business - CNBC - October 23 -
Rupert Murdoch’s Dow Jones and New York Post sue AI firm for ‘illegal copying’
Publishers file suit against Perplexity AI, accusing startup of ‘brazen scheme’ and ‘freeriding on valuable content’. The media baron Rupert Murdoch’s Dow Jones and the New York Post filed a ...World - The Guardian - October 21 -
This Research Firm Explains How AI Agents May Change Everyone’s Jobs, and Soon
The next generation of AI agents could take on more complicated tasks and require little oversight, according to research and consulting firm Gartner.Business - Inc. - October 29 -
Inside the Collapse of Venture for America
The nonprofit promised 100,000 jobs by 2025. But it shut down with only a few thousand jobs created, and its final group of fellows are still owed money.Business - Inc. - November 4 -
Amazon CEO pledges AI investments will pay off as capital expenditures surge 81%
Amazon CEO Andy Jassy reassured shareholders that the company expects to make money on its generative AI investments.Business - CNBC - November 1 -
Tech giants are investing in 'sovereign AI' to help Europe cut its dependence on the U.S.
Tech giants are investing in the development of "sovereign" AI models in Europe to reduce the region's dependence on largely U.S.-controlled infrastructure.Business - CNBC - 3 days ago
