The Budget Hawk Atop a Tech Giant's $64 Billion Spending Spree

Amy Hood is at the center of Microsoft’s bet-the-company dive into AI.

Tech - The Wall Street Journal - 4 hours ago

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 - Yesterday

Debt rule to change to fund major projects

Government claims the move contrasts with former PM Liz Truss's controversial mini-Budget.

Europe’s Big Tech Hawks Brace for a Post-Biden Future

European ambitions to rein in the US tech giants depend on the outcome of the election—and the fate of antitrust firebrand Lina Khan.

Tech - Wired - 2 days ago

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

Companies curb UK advertising spending ahead of the Budget

Marketing budgets fail to grow for the first time in 14 quarters, trade body finds

Business - Financial Times - October 16

UK Budget as it happened: Rachel Reeves raises tax, spending and borrowing

Taxes rise as chancellor delivers the first Labour budget since 2010

Business - Financial Times - 2 days ago

The Papers on the Budget: 'Spending power' and 'nightmare on Downing Street'

Reactions to the Budget, which saw large rises in both tax and public spending, lead the papers.

U.K. Budget Makes a Big Bet on Spending for Growth

The Labour Party is betting that extra spending on public services and more investment will eventually revitalize the country’s stagnant economy.

Business - The New York Times - Yesterday

Wall Street frets over Big Tech’s $200bn AI spending splurge

The four biggest US internet groups this week showed glimpses of benefits but warned of increased spending

Business - Financial Times - 14 hours ago

Google becomes the latest tech giant to strike a nuclear-power deal for AI

Amazon, Microsoft and Oracle all have nuclear arrangements of their own as tech companies seek clean-energy solutions for AI’s massive power needs.

Business - MarketWatch - October 14

Tech giants press Congress to codify AI Safety Institute

A coalition of more than 60 tech companies and industry groups, including Amazon, Anthropic, Google, Meta, Microsoft and OpenAI, urged congressional leaders Tuesday to pass legislation permanently ...

Politics - The Hill - October 22

The couple who took on Google and cost the tech giant £2bn

Shivaun Raff and her husband, Adam, describe their long court battle with technology giant Google.

Chancellor to change debt rules to release billions for infrastructure spending

Rachel Reeves tells the BBC the change will allow the government to borrow more money - but cuts are still expected in her first Budget next week.

Outside spending eclipses $1 billion in the presidential race, setting a new record

Outside groups have poured a record-breaking $1.1 billion into the presidential race with less than two weeks to go before Election Day.

Harris, Trump and Allies Spend Over a Half-Billion Dollars in 16 Days

Donald Trump has now raised $1 billion since announcing his run for president. And he has Elon Musk’s $119 million. But Kamala Harris has a huge cash advantage.

Top stories - The New York Times - October 25

A Psychologist Explains Why Americans Spend Billions to Scare Themselves Silly on Halloween

Why do Americans shell out north of $12 billion on Halloween? A psychologist explains the appeal of scaring ourselves silly.

Business - Inc. - October 25

Reeves aims to close £40bn funding gap as she plans tax rises in Budget

Figure is significantly more than the £22bn fiscal hole the government previously identified

Business - Financial Times - October 15

Taxes, spending and borrowing all higher as the new Labour government seeks to 'rebuild' the UK

British Treasury chief Rachel Reeves says taxes will rise by $52 billion to plug a hole in the public finances and provide new funding for the U.K.‘s cash-starved public services, as she announced ...

World - ABC News - 2 days ago

EU should spend 20% of budget on security and climate disasters, report says

Finland’s former president reports on cost of Europe’s preparedness for multiple crises

Business - Financial Times - 2 days ago

Chris Mason: A change-making Budget and a moment of jeopardy

The government's fate will depend on whether it can make things better, says political editor Chris Mason.

Rachel Reeves goes back to the future with a tax and spend budget

Chancellor heeds calls long made on the left for spending to match other European countries with rise of £70bn a year. Autumn budget live – latest updates Budget 2024: key points at a ...

World - The Guardian - 2 days ago

Holiday spending tips to avoid impulse buys and stay on budget

A recent study reveals Gen Z and Millennials are most likely to make impulse buys during the holidays than Gen X and Baby Boomers. Jill Schlesinger joins "CBS Mornings Plus" with tips to make ...

Rachel Reeves defiant after historic tax and spend Budget

Verdict of markets will be critical for UK chancellor’s plans to increase government borrowing

Business - Financial Times - 18 hours ago

Israeli budget hikes military spending, VAT, cuts social services

World - Yahoo News - 12 hours ago

Wall Street Giants to Make $50 Billion Bet on AI and Power Projects

KKR and Energy Capital Partners plan to invest in development of data centers and the power infrastructure to support them.

Tech - The Wall Street Journal - 2 days ago

Italy to Tap Banks, Insurers for €3.5 Billion in Budget Plan

World - Yahoo News - October 15

Reeves Faces Cabinet Unease Over £40 Billion Hunt for Budget

World - Yahoo News - October 16

UK Budget: Labour Party to Raise Taxes by 40 Billion Pounds

Rachel Reeves, the finance minister, announced substantial tax increases in her first budget as she sought to strengthen public finances and services.

Business - The New York Times - 2 days ago

UK regulator warns of big fines, service suspensions for tech giants ahead of new safety rules

Technology giants could face "significant" fines if they don't comply with the U.K.'s internet safety regulations, the British media regulator Ofcom warned Thursday.

Business - CNBC - October 17

Small but mighty: H2O.ai’s new AI models challenge tech giants in document analysis

H2O.ai has released efficient vision-language models for document AI, challenging tech giants with superior performance in OCR and text recognition tasks.

Tech - VentureBeat - October 18

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 - 2 days ago

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