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Investors Cheer AI Spending Boom in Big Tech---Just Not at Meta
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How Wall Street Lenders Are Betting Big on the AI Boom
Investment giant Blackstone recently led a $7.5 billion deal backed by artificial-intelligence chips, the latest financing that looks to take advantage of the sector’s rapid growth.The Wall Street Journal - World -
Schumer’s slow-walk on AI ‘regulation’ is a nothing but a boon for Big Tech
, Sen. Schumer has burned another year and wasted another opportunity to advance the conversation, as the dangers of AI overreach and huge corporate concentration have grown more grave.The Hill - Politics -
China’s ‘AI-in-a-box’ products threaten Big Tech’s cloud growth strategies
Huawei leads trend of providing companies with means to power their own artificial intelligence apps rather than through public cloudFinancial Times - World - China -
‘An AI-fueled equity bubble’ will see big tech lead the charge in coming months
Big tech can once again be the market’s crown jewels says Capital EconomicsMarketWatch - Business -
Power demand from AI, EVs and Big Tech is now the energy sector’s No. 1 concern
If power systems fail, it’s lights out for the entire economy.MarketWatch - Business -
The sudden revival of GameStop mania comes just as the U.S. financial industry is racing to fix a big problem with the market's plumbing that roiled investors during the original meme-stock craze in 2021.
The sudden revival of GameStop mania comes just as the U.S. financial industry is racing to fix a big problem with the market’s plumbing that roiled investors during the original meme-stock craze in 2021.The Wall Street Journal - World -
Australian PM’s Support Rises After Big-Spending Budget
Yahoo News - World - Australia -
Lowe's Earnings Top Forecasts; Big-Ticket Spending Stays Weak
Do-it-yourself customers, who make up about 75% of Lowe’s customer base, cut back on higher-priced discretionary purchases.The Wall Street Journal - World -
Short seller alleges Oddity Tech is misleading investors
Oddity Tech has told investors that its business is online only, but short seller Ningi Research said it operates a fleet of stores in Israel.CNBC - Business -
Google, Meta, OpenAI pledge to develop AI safely at global summit
Yahoo News - World - Google
More from The Wall Street Journal
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Scarlett Johansson Rebukes OpenAI Over 'Eerily Similar' ChatGPT Voice
OpenAI’s “Sky” has been likened to the actress’s character in the 2013 film “Her.”The Wall Street Journal - Tech -
I Tried Microsoft's New AI-Focused PCs. Windows Is Exciting Again.
Microsoft CEO Satya Nadella told our columnist new efficient, powerful chips equip Windows Copilot+ laptops to compete with Apple’s MacBooks.The Wall Street Journal - Tech -
Elon Musk's Neuralink Gets FDA Green Light for Second Patient
The brain-chip startup has proposed solutions for a thread pullout problem experienced by its first participant, Noland Arbaugh.The Wall Street Journal - Tech - Elon Musk -
An Nvidia Co-Founder's Latest Bet: Making 'Quantum Valley' in New York
Curtis Priem is donating more than $75 million to help Rensselaer Polytechnic Institute become a hub for a cutting-edge technology.The Wall Street Journal - Tech - New York -
Facebook Parent's Plan to Win AI Race: Give Its Tech Away Free
Meta Platforms CEO Mark Zuckerberg has trained his “Eye of Sauron” on its artificial-intelligence strategy, which comes with risks.The Wall Street Journal - Tech - Facebook