Spending Ai - QuikReader

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

Enterprise AI moves from ‘experiment’ to ‘essential,’ spending jumps 130%

Wharton research shows dramatic surge in enterprise AI adoption, with spending up 130% and smaller companies leading in implementation rates.

Tech - VentureBeat - October 28

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

Amazon Shares Rise on Robust Demand, Surge in AI Infrastructure Spending

The tech company’s capital expenditures reached a quarterly record amid a big build-out of artificial-intelligence infrastructure.

Business - The Wall Street Journal - October 31

AI demand drives growth and higher spending at Amazon’s cloud business

Ecommerce company’s shares rise as it also gives an upbeat forecast for the holiday quarter

Business - Financial Times - October 31

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 - November 1

Nvidia's Sales Soar as AI Spending Boom Barrels Ahead

The AI chip giant gave a strong outlook, pointing to healthy demand for next-generation chips.

Business - The Wall Street Journal - 16 hours ago

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

Business spending on AI surged 500% this year to $13.8 billion, says Menlo Ventures

Enterprise spending on generative AI surged 500% this year, hitting $13.8 billion — up from just $2.3 billion in 2023, according to a new Menlo Ventures report.

Business - CNBC - 22 hours ago

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

Is the UK spending enough on defence?

And what Trump 2.0 could mean for Ukraine.

Spend $1,800 On Jewelry, Get A PS5

The holiday season is coming up, and if you're looking to spend a lot of money on jewelry, you could get a PlayStation 5 for "free." Premium jewelry brand Helzberg has announced a new and ...

Tech - GameSpot - November 12

Will DOGE put spending on the chopping block?

President-elect Donald J. Trump has tapped Elon Musk and Vivek Ramaswamy to head up a non-governmental Department of Government Efficiency to recommend what government programs should be cut, with ...

Politics - The Hill - 6 hours 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

Harris to spend election night at Howard University

Vice President Harris will spend election night at Howard University, her alma mater in Washington, D.C., a source familiar told The Hill. Harris primary home is in California, but she has chosen ...

Politics - The Hill - October 30

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.

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 - October 30

The NHS and education are big winners in Reeves’ spending plan

But some Whitehall departments including the Home Office face real terms cuts to their budgets

World - Financial Times - October 30

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.

Workers warned Budget tax rises will hit their wages

Economists say tax rises in the Budget will mean employers have less to give as pay rises.

Abortion-rights groups outspend opponents by more than 6 to 1 in ballot measure campaigns

The groups promoting abortion-rights amendments on the ballots in nine states have outraised their opponents by more than 6 to 1 and are spending far more on ads

Health - ABC News - October 31

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 - October 31

Rachel Reeves loosens UK welfare spending target

Ceiling rises 20% over 5-year period to £200bn to avoid ‘having to take short-term decisions’

World - Financial Times - November 2

How Harris and Trump are spending eve of Election Day

Vice President Kamala Harris and former President Donald Trump are spending the last hours of the 2024 presidential race making their final pitches at rallies in several battleground states. CBS ...

Where Harris and Trump will spend election night

Vice President Harris will spend election night at Howard University, her alma mater, while former President Trump will spend it at his Mar-a-Lago resort in Palm Beach, FL.

Politics - The Hill - November 5

Elon Musk to watch results with Donald Trump

The tech billionaire has aggressively campaigned for the Republican candidate in swing states across the country.

How Harris and Trump are spending election night

Election Day 2024 is finally underway, and Americans are waiting to learn who will be the next occupant of the Oval Office. CBS News' Nancy Cordes and Tony Dokoupil report on how Vice President ...

The Crypto Industry’s Spending on the Election Pays Off

The spending spree fueled a string of victories on Tuesday for congressional candidates who had expressed support for cryptocurrencies.

Business - The New York Times - November 8

Defence chief calls for more spending on military

Treasury minister Darren Jones says defence spending should rise to 2.5% of GDP, but avoids saying by when.

Why Are Cities Still Spending Big on Convention Centers?

Cities are spending more than ever to land the biggest events, but companies have long pulled back on spending for annual conferences and attendance has dwindled.

Business - The New York Times - November 11

'Soaring baby milk prices mean I feel punished for not breast feeding'

Parents say they feel penalised by the high cost of formula, which cannot be discounted under the law.

Harris campaign's spending comes under scrutiny

Vice President Harris’s campaign is seeing growing scrutiny over its spending strategy as Democrats continue to reckon with her devastating loss to President-elect Trump. Harris’s campaign blew ...

Politics - The Hill - 2 days ago

Infrastructure is destiny in the AI era

It’s increasingly clear that building more data centers and power plants will catalyze a reindustrialization of the U.S. that benefits the entire country.

Politics - The Hill - October 24

Latest in Spending Ai