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AI chat firm GameOn couple arrested for defrauding investors of over $60M to finance wedding and more

Authorities arrested GameOn Technology founder Alex Beckman and attorney Valerie Lau Beckman (a married couple) for allegedly defrauding investors of $60 million.

VentureBeat - 2d

Meta Spending to Soar on AI, Massive Data Center

The social-media giant plans to spend between $60 billion and $65 billion, the latest sign of tech companies’ accelerating investments into artificial intelligence.

The Wall Street Journal - 2d

Zuckerberg sets Meta's AI targets for the year, expects to spend $60 billion on growth

Meta CEO Mark Zuckerberg announced the company plans to invest around $60 billion to $65 billion in capital expenditures this year

CNBC - 2d

$60 billion in one year: Mark Zuckerberg touts Meta's AI investments

Meta CEO Mark Zuckerberg announced Friday that the company plans to build a massive data center in Louisiana to power its newest AI model, Llama 4, which is set to launch this year.

NBC News - 2d

Meta's increased AI spending helps both of our two chipmakers, but one especially

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

CNBC - 2d

Zuckerberg wants to spend billions more on AI. Meta investors like that idea.

Mark Zuckerberg says Meta is targeting $60 billion to $65 billion in capital expenditures this year. One analyst thinks up to $33 billion of that could go toward GPUs.

MarketWatch - 2d

Meta nearly doubling spending with eye toward AI

Meta CEO Mark Zuckerberg announced Friday the social media company will nearly double its spending this year as it focuses on artificial intelligence (AI) development. Meta is planning to invest ...

The Hill - 2d

‘A difficult position’: global investors’ verdict on Reeves at Davos

UK chancellor used meetings at Swiss gathering to try and repair relations with business leaders

Financial Times - 3d

‘Neo-Nazi Madness’: Meta’s Top AI Lawyer on Why He Fired the Company

In an exclusive interview with WIRED, celebrated intellectual property lawyer Mark Lemley elaborates on why he quit and what he makes of the AI copyright battlefield.

Wired - 3d

European banks to reward investors with bumper €123bn in payouts

Dividends have exceeded pre-crisis levels while lenders have topped up returns with buybacks

Financial Times - 3d

Early Facebook investor Jim Breyer says Zuckerberg has been 'revitalized' by Meta's AI push

Venture capitalist and early Facebook investor Jim Breyer said Meta CEO Mark Zuckerberg has been energized by his company's recent push into AI.

CNBC - 4d

U.S. investors liked the Stargate AI news. Asian investors loved it.

SoftBank shares surged — on five times the previous day’s volume — on Wednesday after the Japanese investment group landed a starring role in an U.S. artificial intelligence infrastructure buildout ...

MarketWatch - 4d

Investors cautious as Trump signals new tariffs

The US president said he is considering imposing new tariffs on Canada and Mexico from 1 February.

BBC News - 5d

Bond funds are offering a ‘double whammy’ for investors

Many of these funds are trading at deep discounts and may have tempting distribution yields

MarketWatch - Jan. 18

Investors better hope inflation and intangibles never meet

Unlike physical assets, those we cannot see have never been tested by rising prices

Financial Times - Jan. 17

Investors urge Walmart not to "give into bullying" on diversity

Some Walmart shareholders say the retailer hasn't offered a good business case for canceling its diversity, equity and inclusion programs.

CBS News - Jan. 16

Investor interest in defense grows

Yahoo News - Jan. 16

What do bond yields mean for equity investors?

Some stocks avoid ripples in the fixed income market

Financial Times - Jan. 16

British activist investor seeks to disrupt Singapore takeover

Palliser Capital accuses OCBC of treating insurer’s minority shareholders unfairly as activist campaigns pick up in Asia

Financial Times - Jan. 15

Footloose CFOs need not scare off investors

A clutch of finance chiefs are heading out the door, but this is all part of the rough and tumble of corporate life

Financial Times - Jan. 13

Zuckerberg approved Meta’s use of ‘pirated’ books to train AI models, authors claim

Sarah Silverman and others file court case claiming CEO approved use of dataset despite warnings. Business live – latest updates Mark Zuckerberg approved Meta’s use of “pirated” versions of ...

The Guardian - Jan. 10

Meta Secretly Trained Its AI on a Notorious Piracy Database, Newly Unredacted Court Docs Reveal

One of the most important AI copyright legal battles just took a major turn.

Wired - Jan. 9

Meta’s factchecking partners brace for layoffs

Meta has provided over $100m for certified organizations to conduct factchecks on its platforms since 2016. Mark Zuckerberg’s decision to end factchecking on Facebook and Instagram in the US ...

The Guardian - Jan. 8

Meta's fact-checking flip

Welcome to The Hill's Technology newsletter {beacon} Technology Technology The Big Story Why Meta ditching fact-checking is so significant Meta is rolling out a series of changes to its content ...

The Hill - Jan. 7

Meta hosts AI chatbots imitating 'Hitler,' 'Jesus Christ' and Taylor Swift

In less than six months users have created and successfully published chatbots on Meta’s platforms that violate its rules.

NBC News - Jan. 7

Do Facts Meta on Facebook?

Mark Zuckerberg removes fact-checking on his platforms.

BBC News - Jan. 7

Western investors ‘stupid’ to shun arms industry, says Nato official

Rob Bauer calls on banks, pension funds and rating agencies to change outdated policies in face of rising threats

Financial Times - Jan. 7

Indian investors rush into highly valued defence stocks

Asset managers have launched specialist funds as push for domestic armaments sends share prices soaring

Financial Times - Jan. 7

China rushes to reassure investors as equities and renminbi fall

CSI 300 down 4.2% this year and currency slides to 15-month low as Donald Trump’s return weighs on markets

Financial Times - Jan. 6

Investors can use these new services to branch out for good or bad in 2025

Also: Hindenburg’s report on Carvana, the Moneyist’s most popular articles, and stocks that appear to be better bargains even after beating the S&P 500 in 2024.

MarketWatch - Jan. 4

This investor imagined the landscape in 2035. He expects U.S. stocks to struggle.

It’s one thing to try to forecast a decade of returns, though many firms including JPMorgan and Vanguard regularly produce such forecasts.

MarketWatch - Jan. 4

Meta shuts down its AI character accounts that users called 'creepy and unnecessary'

Since late 2023, around a dozen AI Instagram and Facebook accounts created by their social media parent company Meta quietly existed on the platforms.

NBC News - Jan. 3

Meta is killing off its own AI-powered Instagram and Facebook profiles

Instagram profile of ‘proud Black queer momma’, created by Meta, said her development team included no Black people. Meta is deleting Facebook and Instagram profiles of AI characters the company ...

The Guardian - Jan. 3

Meta Deleted Its Controversial AI Profiles. Here’s Why.

Meta still has plans to use AI to drive engagement on its platforms, though.

Inc. - Jan. 3

How Meta’s latest research proves you can use generative AI to understand user intent

By thinking about recommendation as a generative problem, you can tackle it from new angles and use LLMs to better understand user intent.

VentureBeat - Jan. 3

Lululemon longtime bear is still telling investors to sell the stock

Lululemon Athletica Inc.’s stock slid 2.6% Thursday, after analyst firm Jefferies said it’s still recommending that investors sell the yoga-gear maker’s shares after they hit a second valuation ...

MarketWatch - Jan. 3