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.
Read more at The New York Times
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Faced by Trump’s Interest in Greenland, Denmark Will Increase Military Spending in Arctic
The prime minister does a European tour while announcing more spending on security around the island, following President Trump’s stated desire to have Greenland, a semiautonomous Danish territory, ...The New York Times - 11h -
Chip Roy says he's not at GOP retreat, 'spending $2K to hear more excuses for increasing deficits'
Rep. Chip Roy (R-Texas) confirmed he was not in attendance at the Florida retreat for House Republicans while taking a shot at those who were present. “It is being reported I am not at the ...The Hill - 12h -
Denmark increasing military spending amid Trump Greenland acquisition talk
Denmark this week announced a $2 billion security package for Greenland, making another large commitment to the defense of the Arctic nation as President Trump repeatedly calls to acquire the ...The Hill - 14h -
SoftBank-backed TravelPerk doubles valuation to $2.7 billion, plans fintech push
Corporate travel platform TravelPerk raised $200 million from investors including Atomico and EQT in a funding round valuing the startup at $2.7 billion.CNBC - 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 - 1d -
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 - 1d -
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 - 1d -
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 - 2d -
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 - 3d -
BBC reporter spends a year undercover to expose far-right group
I'm a BBC journalist, but for the past year I've been going undercover in a far-right group.BBC News - 3d -
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 - 4d -
$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 - 4d -
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 - 4d -
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 - 4d -
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 - 4d -
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 - 4d -
Saudi Arabia Says It Will Increase U.S. Trade and Investment by $600 Billion
The Saudi media reported that Crown Prince Mohammed bin Salman had spoken with President Trump, who made the kingdom the first stop on his first overseas presidential trip in 2017.The New York Times - 5d -
Game Developers Fear AI Threats as Studios Push Initiatives
A new survey reveals how deeply AI technology has penetrated the video game business, and how many workers hate it.Inc. - 5d -
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 - 6d -
Behind Trump's AI initiative worth billions
President Trump announced a private sector investment to build data centers in the United States that will support artificial intelligence. CBS MoneyWatch correspondent Kelly O'Grady reports.CBS News - 6d -
Trump highlights partnership investing $500 billion in AI
President Donald Trump is talking up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBankABC News - 6d -
TikTok-owner ByteDance plans to spend $12bn on AI chips in 2025
Chinese owner of video app seeks growth from AI as its social media business comes under pressure in USFinancial Times - Jan. 22 -
Trump announces $500 billion AI infrastructure project
President Trump announced a $500 billion investment into artificial intelligence infrastructure on his first full day in office. His announcement was made alongside the heads of three leading ...CBS News - Jan. 21 -
Meta pushes back on claims that it's boosting Trump on Facebook and Instagram
Meta is countering claims that it boosted President Donald Trump and his administration on Facebook and Instagram as it came into office Monday.NBC News - Jan. 21 -
Increased December Consumer Spending Bodes Well for 2025 Growth
New data shows retail and restaurant spending rose again last month, suggesting consumers unhappy about higher post-pandemic prices are still buying, especially when they can get a good deal.Inc. - Jan. 16 -
German defence minister says military spending must keep increasing
Yahoo News - Jan. 13 -
UK pledges huge increase in computing capacity to build AI industry
Labour to expand sovereign computing power in response to report by British venture capitalistFinancial Times - Jan. 12 -
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 -
'I can't spend another five years in my caravan'
A Doncaster mum suffers her second major flood in five years.BBC News - Jan. 7 -
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 -
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 -
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 -
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 -
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 -
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
More from The New York Times
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Elon Musk’s X Partners With Visa to Provide Financial Services
The social media company said it would start a peer-to-peer payments service, moving to expand the app’s abilities.The New York Times - 11h -
In Seattle, a Meeting of 5,444 Mathematical Minds
Participants at this year’s Joint Mathematics Meetings explored everything from the role of A.I. to the hyperbolic design of a patchwork denim skirt.The New York Times - 12h -
How Google Maps Plans to Handle the ‘Gulf of America’
Google said it would follow the Trump administration in renaming the Gulf of Mexico once the new name is updated in government sources.The New York Times - 1d -
Elon Musk, Video Game King? Well, Maybe Not.
Gaming is a big part of the billionaire’s public persona. But other players are questioning whether he has the time or the skill to be as accomplished as he claims.The New York Times - 2d -
How Chinese A.I. Start-Up DeepSeek Is Competing With OpenAI and Google
The company built a cheaper, competitive chatbot with fewer high-end computer chips than U.S. behemoths like Google and OpenAI, showing the limits of chip export control.The New York Times - 1d
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DeepSeek says it built its chatbot cheap. What does that mean for AI's energy needs and the climate?
Chinese artificial intelligence startup DeepSeek stunned markets and AI experts with its claim that it built its immensely popular chatbot at a fraction of the cost of those made by American tech ...ABC News - 1h -
Elon Musk Is Running the Twitter Playbook on the Federal Government
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Elon Musk Lackeys Have Taken Over the Office of Personnel Management
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Sony’s blockchain lab launches Soneium Conquest to onboard creators and devs
Sony Block Solutions Labs is launching Soneium Conquest as a way to onboard creators, developers, and newcomers to its Soneium blockchain.VentureBeat - 7h