FirstFT: Big Tech lines up $300bn of AI spending

Also in today’s newsletter, Trump promises to crack down on private equity tax loophole and Iran rules out US talks

Topics

Spending up on last year as Man City go big in transfer window

Premier League clubs spent around £370m in the winter transfer window with Manchester City spending almost as much as the other 19 top-flight teams combined.
BBC News - 3d
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 - Jan. 27
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 - Jan. 26
Beyond Big Tech: 20 stocks to ride the AI trend

Vanguard’s chief economist suggested investors increase stock-market exposure to ride expected improvements from artificial intelligence but cautioned that technology stocks are “very highly valued.”
MarketWatch - Jan. 25
Tech giants are putting $500bn into 'Stargate' to build up AI in US

Trump has extolled the project as an important investment, but Elon Musk is throwing shade on it.
BBC News - Jan. 22
FirstFT: Trump kicks off big infrastructure shifts with AI project and green rollbacks

Also in today’s newsletter, ByteDance’s $12bn AI plans, and Alex Soros has Lunch with the FT
Financial Times - Jan. 22
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
MAGA Influencers Take Their Victory Lap, With Big Tech Picking Up the Tab

At parties throughout Washington over the long Inauguration weekend, creators and strategists who take credit for Donald Trump’s victory toasted their success on the dimes of TikTok, Google, and ...
Wired - Jan. 20

More in World

US job creation slowed in January; UK can’t say ‘job done’ fighting inflation, say’s BoE’s Pill – business live

Rolling coverage of the latest economic and financial news, as UK economic picture darkens…and house prices hit record high. Hong Kong’s appeal to the WTO ( see earlier post ) comes as Donald ...
The Guardian - 13m
USAID Turmoil Threatens Key Aid Supplies to Gaza, Officials Say

Washington has funded roughly a third of the aid sent to the enclave since the war began. With most agency workers set to be put on leave, officials say that those supplies are under threat.
The New York Times - 16m
Manchester City draw Chelsea in WCL, FA Cup, Postecoglou defiant: football news – live

FA Cup: 10 things to look out for this weekend Fixtures | Tables | And you can send Dom a mail On Marcus Rashford, Ruben Amorim had this to say on him on Thursday. . “As a journalist or ...
The Guardian - 21m
Maro Itoje reveals he turned down big-money French offers to put England first

‘My time in an England shirt was not quite done yet’ RFU rules players in France as ineligible for selection Maro Itoje has revealed that he turned down lucrative offers from French club rugby ...
The Guardian - 24m
Greenland could hold referendum on independence from Denmark – Europe live

Greenlandic parliament calls for snap election for 11 March as ruling party, Siumut, proposes accelerating independence process. German chancellor Olaf Scholz said on Friday that US president ...
The Guardian - 35m