Latest in Tech Spending Billions
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Forget DeepSeek. Zuckerberg says Meta will spend hundreds of billions on AI.
Meta’s CEO says its consumer AI offering “is going to be one of the most transformative products that we’ve made.”MarketWatch - 4h -
Meta to Increase Spending to $65 Billion This Year in A.I. Push
Much of the capital investment, a big jump from 2024, will fund expansion of Meta’s data centers, which provide the computing power needed by A.I. products and algorithms.The New York Times - 2d -
Steinbrenner: 'Difficult' to spend like Dodgers
Yankees owner Hal Steinbrenner said it is "difficult" for other teams to keep up with the Dodgers' offseason spending.ESPN - 11h -
World’s largest sovereign wealth fund reports record $222 billion annual profit on tech rally
Norway’s sovereign wealth fund reported its full-year earnings on Wednesday.CNBC - 18h -
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A Judge Temporarily Blocked Trump’s Spending Freeze
Also, the U.S. urged its citizens to leave Congo. Here’s the latest at the end of Tuesday.The New York Times - 1d -
How the Trump Administration Is Scrutinizing Federal Spending
A sweeping directive from the Office of Management and Budget requires federal agencies to subject hundreds of grant programs to ideological litmus tests.The New York Times - 1d -
Democrats to hold ‘emergency’ meeting on Trump’s spending freeze
House Democratic leaders have arranged an “emergency” meeting of the full caucus on Wednesday in response to President Trump’s decision to freeze a large chunk of federal spending. The meeting, ...The Hill - 1d -
MAGA’s Big Tech Divide
The journalist James Pogue explicates the strange tensions between big tech and the new right.The New York Times - 1d -
Denmark to spend billions more on Arctic security
The move comes after President Donald Trump said he wants to acquire Greenland, an autonomous Danish territory.BBC News - 2d -
Tech stocks slump as China’s DeepSeek stokes fears over AI spending
Nvidia loses almost $600bn in market value on worries US groups are facing a ‘Sputnik moment’Financial Times - 2d -
Transfer spending up on last year with week to go
Manchester City are responsible for more than half of all money spent so far in this January transfer window - with one week until deadline day.BBC News - 2d -
Big tech is spending billions on AI. How much time will Wall Street allow for the payoff?
Earnings Watch: Meta, Apple, Microsoft and Tesla report quarterly results, as analysts start to focus more on AI results. Earnings are also due from Starbucks and Boeing.MarketWatch - 3d -
Americans spend $900 billion a year on goods from Mexico and Canada. Tariffs could affect these prices the most.
Americans buy $900 billion a year in food, cars, TVs, toys, appliances and other goods from Mexico and Canada. The cost of these products could rise if President Trump carries out his threat to ...MarketWatch - 4d -
A look at Trump's NATO spending targets
Presented by Lockheed Martin — The U.S. spends around 3 percent of economic output on defense {beacon} Defense &National Security Defense &National Security The Big Story Unpacking Trump's push ...The Hill - 5d -
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 yearCNBC - 5d -
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 - 5d -
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 - 5d -
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 - 5d -
From Musk to Nadella: Trump's $500 billion AI project stirs drama among the biggest names in tech
Some of the biggest names in technology have clashed after President Donald Trump unveiled his $500 billion private AI investment project.CNBC - 6d -
Tech Leaders Pledge Up to $500 Billion in AI Investment in U.S.
OpenAI, Oracle and SoftBank unveiled AI infrastructure plans at White House.The Wall Street Journal - Jan. 21 -
Stirewalt: Will Trump invest his political capital or spend it?
Do you feel like “sunlight is pouring over the entire world?” It probably depends on whether you voted for the man who offered those sentiments about his own reascendance to the presidency this ...The Hill - Jan. 21 -
Biden to Spend a Last Day as President in Charleston
President Biden will spend his final full day in office in Charleston, S.C., where five years ago he revived his flailing campaign.The New York Times - Jan. 19 -
Severance spending at top UK universities surges
FT analysis shows drop-off in overseas enrolments pushed redundancy payouts up by more than a fifth in 2024Financial Times - Jan. 19 -
5 ways to spend less money in 2025
Economic issues are straining people's finances, but these tactics can help you free up cash and spend less money.CBS News - Jan. 17 -
Treasury Says Pandemic Spending Saved Jobs
Treasury Secretary Janet Yellen said the Biden administration’s stimulus checks reduced major downside risks.Inc. - Jan. 15 -
How a Driving Instructor to the Stars Spends Her Sundays
Shanti Gooljar grabs some coffee before eight hours of heart-racing driving lessons around New York City. She caps off her day by having dinner with her son.The New York Times - Jan. 11 -
Reeves faces 'difficult decisions' on tax and spending
The warning from a former Bank of England official comes in the wake of rising UK borrowing costs.BBC News - Jan. 10 -
Why are the A's spending big this winter as they relocate to Sacramento?
Brent Rooker's $60 million extension marks the latest expenditure for the typically thrifty A's.Yahoo Sports - Jan. 9 -
AI Startup Anthropic Plans to Raise $2 Billion at a $60 Billion Valuation
The new funding round, led by Lightspeed Venture Partners, sees the company at more than triple its 2024 valuation of $18 million.Inc. - Jan. 8 -
Business leaders court Trump as UAE billionaire promises to spend $20 billion on U.S. data centers
President-elect Donald Trump drew another expression of support on Tuesday, as a billionaire businessman from the United Arab Emirates, Hussain Sajwani, promised to spend at least $20 billion in ...MarketWatch - Jan. 7 -
Sources: A's keep spending with Rooker extension
Designated hitter Brent Rooker and the Athletics are in agreement on a five-year, $60 million contract extension, sources told ESPN, continuing a winter of uncharacteristic spending with a ...ESPN - Jan. 7 -
Microsoft Says AI Will Lead To Job Losses, Invests $80 Billion In The Tech
Microsoft has doubled down on its plan to invest $80 billion into artificial technologies in 2025, while at the same time admitting that advancements to the technology will lead to job losses. This ...GameSpot - Jan. 6 -
Some Baseball Teams Won’t Spend Money, and It’s a Problem
Six clubs, including two that made the playoffs last season, have yet to invest in a free agent.The New York Times - Jan. 6 -
Microsoft expects to spend $80 billion on AI-enabled data centers in fiscal 2025
Over half of Microsoft's $80 billion in spending will take place in the U.S., Microsoft Vice Chair and President Brad Smith wrote in a Friday blog post.CNBC - Jan. 4 -
Europe readies for scattergun defence-spend bonanza
Sickly economies and budgetary pressures likely to hit proposals and any increase will be thinly spreadFinancial Times - Jan. 4 -
Tech breakthroughs of 2024
Welcome to The Hill's Technology newsletter {beacon} Technology Technology The Big Story How tech breakthroughs are changing health The health and technology sectors intersected in fresh ways in ...The Hill - Jan. 3 -
Microsoft expects to spend $80 billion on AI-enabled data centers over next 12 months
Microsoft plans to spend $80 billion in fiscal 2025 on the construction of data centers that can handle artificial intelligence workloads, the company said in a Friday blog post.NBC News - Jan. 3
