Latest in Meta and Microsoft Won’t Stop Spending on AI

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Meta and Microsoft Won’t Stop Spending on AI

Both tech giants reported strong third quarters but their stocks fell anyway.
Business - Inc. - October 31
AI agents’ momentum won’t stop in 2025

Interest in AI agents is high, and as enterprises get more comfortable with agents, 2025 may be the year AI agents finally go into production.
Tech - VentureBeat - November 14
Meta sees AI spending accelerating as earnings top forecasts

Mark Zuckerberg cites the potential for ‘strong’ returns in coming years on heavy investments in new technology
Business - Financial Times - October 31
Meta misses on user growth, warns of 2025 jump in AI spending

Meta reported weaker-than-expected user numbers and warned of a significant acceleration in its infrastructure expenses in 2025 in its third-quarter earnings.
Business - CNBC - October 30
Even Mark Zuckerberg seems surprised by Meta's pace of spending on AI

Meta CEO Mark Zuckerberg explained on the earnings call how the speed of Meta's AI technology buildout led the company to lift guidance for capex.
Business - CNBC - October 31
Apple, Meta and Amazon must show the stock market that AI spending is paying off

Big-tech bellwethers facing scrutiny on whether they are meeting competitive challenges.
Business - MarketWatch - October 30
Microsoft reports quarterly sales up 16% to $65.6 billion as investors ask if AI spending worth it

Microsoft on Wednesday reported its quarterly sales grew 16% to $65.6 billion as the company sought to assure investors its huge spending on artificial intelligence is paying off
Tech - ABC News - October 30
Why Meta and Snap are spending billions on AR glasses

Meta CEO Mark Zuckerberg and Snap CEO Evan Spiegel are betting big that augmented-reality glasses will replace the smartphone.
Business - CNBC - October 24
Cramer’s week ahead: Earnings from Alphabet, Meta, Apple, Microsoft and Amazon

CNBC's Jim Cramer on Friday urged investors to keep a level head during next week's busy slate of corporate earnings and influential economic reports.
Business - CNBC - October 25
Why AI won’t make you a better writer

Don’t let anything, least of all AI, cheat you out of what is creatively possible. Go forth and write your own story.
Tech - VentureBeat - November 14
Investors Want to See a Payout on Microsoft’s AI Efforts

As the tech giant readies a report of what’s forecast as its slowest quarterly growth in a year, shareholders want to see genuine demand for the AI applications it’s spent billions to develop.
Business - Inc. - October 28
Meta Earnings Show Revenue Increase, Even as Spending Spree Continues

The Silicon Valley company, which owns Facebook, Instagram and WhatsApp, said it does not plan to slow down its investments anytime soon.
Business - The New York Times - October 31
The N.B.A.’s Oldest Stars Won’t Stop Fighting. Treasure This Era.

LeBron James, Kevin Durant and Stephen Curry have packed two lifetimes in their careers, a columnist for The Athletic writes.
Sports - The New York Times - October 30
Samsung falls short of expectations as chipmaker fails to reap AI benefits

Third-quarter operating profit far lower than analyst consensus and trails domestic rival SK Hynix
World - Financial Times - October 31
Donald Trump and the autocrats' playbook

‘This is a man who should be nowhere near power’
World - Financial Times - October 31
UK Labour’s Budget borrows big, taxes more

Chancellor Rachel Reeves announced a £40bn tax increase and a sharp rise in borrowing
World - Financial Times - October 31
Bank of Japan holds rates but signals normalisation still on track

Political uncertainty following election upset raises risks of abrupt policy shifts, warn analysts
World - Financial Times - October 31
FirstFT: US consumers continue to spend, spend, spend

Also in today’s newsletter, North Korea fires its longest-ever test missile, and the activists ready to challenge the election result
World - Financial Times - October 31
Making sense of sentiment

And Trump equity trades
World - Financial Times - October 31
Stellantis hit by sales slide in US and Europe

Fiat, Jeep and Peugeot owner suffers 27% drop in third-quarter sales but signals improvement to US inventory
World - Financial Times - October 31
Meta just beat Google and Apple in the race to put powerful AI on phones

Meta has launched compressed AI models that run directly on smartphones, making artificial intelligence faster and more private while using less memory than cloud-based alternatives.
Tech - VentureBeat - October 24
Meta AI to Use Reuters Content to Answer User Questions in Real Time

Meta AI didn’t share whether it would use Reuters content to train its large-language model.
Business - Inc. - October 27
Meta’s Llama Used to Develop AI Model for China’s Military

Researchers connected to the People’s Liberation Army created a chatbot model based on Meta’s Large-Language Model AI.
Business - Inc. - November 1
Meta’s plan for nuclear-powered AI data centre thwarted by rare bees

Environmental issue disrupts search for energy deals amid a Big Tech race over artificial intelligence
Business - Financial Times - November 4
Meta unveils AI tools to give robots a human touch in physical world

Meta unveils three tools and benchmarks to enhance robot touch perception, dexterity, and human-robot collaboration in real-world settings.
Tech - VentureBeat - November 2
China’s Baidu joins Meta in race to make AI-integrated smart glasses

Launch comes as Chinese internet groups jostle for dominance in hardware
Business - Financial Times - November 13
Meta ‘hackathon’ devises ways to use AI system in UK public services

Meta asked over 200 programmers in Europe to devise ways of using Llama AI system. Meta’s push to deploy its artificial intelligence system inside Britain’s public sector took a step forward on ...
World - The Guardian - 2 days ago
Meta Poaches Salesforce Exec to Build AI Business Tools

The goal of the newly formed team at Meta ‘is to make cutting-edge AI accessible to every business.’
Business - Inc. - Yesterday
Microsoft says Russia trying to smear Harris with deepfake video, AI

Russia is attempting to “undermine” Vice President Harris’s campaign using artificial intelligence (AI) generated videos while China has begun targeting a series of GOP congressional candidates ...
Politics - The Hill - October 23
Google’s AI-Fueled Results Bode Well for Rivals Amazon and Microsoft

Sales gains in its cloud business point to growing, sustained demand for AI-juiced computing power.
Business - Inc. - October 30
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 earnings
Business - Financial Times - October 31
Microsoft Shares Slip as Forecast Sparks Concern About AI and Cloud Revenue

The company’s projection points to less growth than anticipated, causing concern about the payoff for its massive AI investment.
Business - The Wall Street Journal - October 31
Analysts tout an 'underappreciated growth driver' at Microsoft that can benefit from AI

RBC analysts cheered Microsoft stock on Tuesday. But, this time it's for more than just the company's cloud computing business and AI ambitions.
Business - CNBC - November 5
Microsoft brings AI to the farm and factory floor, partnering with industry giants

Microsoft collaborates with Siemens, Bayer, and Rockwell Automation to launch industry-specific AI models designed to boost efficiency in manufacturing, agriculture, and finance through tailored AI ...
Tech - VentureBeat - November 13
Microsoft pitches AI 'agents' that can perform tasks on their own at Ignite 2024

Microsoft CEO Satya Nadella told customers at a conference in Chicago on Tuesday that the company is teaching a new set of artificial intelligence tools how to “act on our behalf across our work ...
Tech - ABC News - 2 days ago

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