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

Hunt accuses OBR of ‘political intervention’ over spending review

Former chancellor says watchdog’s plan to publish findings of review on Budget day is a ‘significant concern’

Business - Financial Times - 4 days ago

Big Tech loses some shine ahead of a big earnings week. But ‘where else are you going to get that type of growth potential?’

As most Magnificent Seven companies gear up for quarterly earnings reports this week, some analysts expect growth that’s either still pretty good for their size, or still hard to come by anywhere ...

Business - MarketWatch - 4 days ago

AI is supposed to be Hollywood's next big thing. What's taking so long?

As AI technology advances, industry observers expect to see more deals between tech companies and studios and talent. But major challenges remain.

Entertainment - Los Angeles Times - October 17

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 - Yesterday

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 - Yesterday

How this money manager’s one-of-a-kind fund beats the market without Nvidia and other tech stocks

Cambria Investment’s Faber tells MarketWatch how he makes shareholders money by owning high-quality, dividend-paying stocks that most investors overlook.

Business - MarketWatch - October 19

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

Uranium and utilities stocks can soar even higher as Big Tech goes nuclear

Microsoft and other tech giants including Oracle, Amazon.com, Apple and Alphabet need more electricity to energize their AI future.

Business - MarketWatch - October 19

Big Tech is driving a nuclear power revival, energy guru Dan Yergin says

As tech giants like Microsoft, Amazon and Google compete to take the lead in the AI revolution, data centers are consuming an ever-increasing amount of energy.

Business - CNBC - October 23

Jim Cramer explains why fossil fuels remain vital as the Big Tech boom continues

CNBC's Jim Cramer noted Big Tech's growing energy demands, with companies like Meta, Nvidia, Google and Microsoft building more and more data centers.

Business - CNBC - October 24

How to increase or cut your exposure to Nvidia and other hot Big Tech stocks

Also: Tesla’s killer quarter, stock-market warnings and more positive predictions, and some World Series numbers.

Business - MarketWatch - 6 days ago

Big 12 review says league games were not compromised by helmet communication issues after Texas Tech inquiry

The Big 12 has told its members to send in helmet communication equipment for encryption updates

Sports - CBS Sports - Yesterday

Jim Cramer identifies an interesting buy level for our worst performing Big Tech stock this year

The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.

Business - CNBC - Yesterday

Delayed and Canceled Products Show How Big Tech Can Fall Behind the Cutting Edge

Having years of technical know-how, staff with expertise, and billions of dollars available to invest doesn’t necessarily a good product make.

Business - Inc. - 4 hours ago

New Google AI Will Take Over Browsers: Report

The new product, code-named Project Jarvis, may reach users as soon as December, according to reports.

Business - Inc. - 4 days ago

U.S. Tech Firms to Invest More Than $8 Billion in U.K. Data Centers Amid AI Frenzy

Surging AI demand has led to a combined investment of $8.23 billion in U.K. data centers from four American tech companies.

Tech - The Wall Street Journal - October 14

Tech legend Marc Andreessen’s latest venture: Rallying Silicon Valley around Trump’s stances on crypto, AI and taxes

Entrepreneur and investor Marc Andreessen has set out in a new political direction this year.

Business - MarketWatch - October 16

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

Nvidia just dropped a new AI model that crushes OpenAI’s GPT-4—no big launch, just big results

Nvidia quietly launched a groundbreaking AI model that surpasses OpenAI’s GPT-4 and Anthropic’s Claude 3.5, signaling a major shift in the competitive landscape of artificial intelligence.

Tech - VentureBeat - October 17

We live in a treat culture – and gen Z is splurging on snacks | Arwa Mahdawi

When times are hard, people opt for affordable luxuries. So should you splash out on that highly Instagrammable $19 smoothie?. The last time I happened to find myself in Los Angeles (which is not a ...

World - The Guardian - October 16

This $350 Oura Ring 4 Tracks Your Sleep. Is It Worth the Splurge?

The $350 Oura Ring 4 looks sleek and cool, and it may be useful for data-hungry health enthusiasts. But it failed this sleep-deprived parent.

Tech - The New York Times - October 18

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