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Nvidia (NVDA) and Meta (META) Back Open Models: OpenAI and Anthropic’s Model Moats Are at Stake
Insider Monkey8d agoneutral
Nvidia (NVDA) and Meta (META) Back Open Models: OpenAI and Anthropic’s Model Moats Are at Stake

Nvidia Corporation (NASDAQ:NVDA), Meta Platforms Inc. (NASDAQ:META), OpenAI and Alphabet Inc (NASDAQ:GOOGL) now appear on the same policy letter supporting open-weight AI. Anthropic does not. The letter published on July 24 asks U.S. policymakers to avoid broad restrictions on models whose weights can be downloaded, modified and run privately. OpenAI and Alphabet Inc (NASDAQ:GOOGL) joined […]

Which Tech Giant Will Blink First on AI Spending?
The Wall Street Journal8d agoneutral
Which Tech Giant Will Blink First on AI Spending?

Investors are practically begging AI’s big spenders to blink. Markets are making the option of pulling in the reins—or at least keeping capital spending steady—tantalizing. Google parent Alphabet’s stock fell almost 7% after it reported quarterly earnings last week that included a $10 billion hike in capital spending to around $200 billion this year.

Meta Earnings On Deck. How High Will Zuckerberg's AI Spending Go?
Investor's Business Daily8d agoneutral
Meta Earnings On Deck. How High Will Zuckerberg's AI Spending Go?

Meta Platforms is set to publish its second-quarter results late Wednesday. For Meta stock, all eyes will be on the tech giant's capital expenditures and Chief Executive Mark Zuckerberg's strategy for that AI spending. "In the wake of (Google's results), the market will be expecting Meta to raise its 2026 capital expenditures outlook from (the prior) $125 billion-$145 billion, and is also expecting Meta to preview a 'significant' increase in capex spend for 2027," Evercore ISI analyst Mark Mahaney said in a client note Sunday.

Alphabet Did Exactly What I Hoped It Would And I’m Loading Up
24/7 Wall St.8d agoneutral
Alphabet Did Exactly What I Hoped It Would And I’m Loading Up

I keep buying Alphabet (NASDAQ:GOOGL), and last weeks earnings gave me another reason to add. For three years I have been asking one question about this position: is the AI spend actually turning into revenue that scales? Q2 answered it plainly. Google Cloud grew 82% year over year to $24.77 billion. That is a fourth ... Alphabet Did Exactly What I Hoped It Would And I’m Loading Up

Visa Is Slashing 2,600 Jobs as It Adapts to Changing Payments Industry
The Wall Street Journal8d agoneutral
Visa Is Slashing 2,600 Jobs as It Adapts to Changing Payments Industry

Visa is cutting 2,600 jobs, or about 7% of its workforce, as it works to adapt to the rapidly changing payments industry. “To capture the opportunities ahead and best position Visa to lead this transformation, we must continue evolving how we work,” he wrote in a memo viewed by The Wall Street Journal. Visa joins other large companies seeking to streamline operations and improve efficiency with AI.

Pitchbook8d agoneutral
Investors dig in to $12.5B data center bond deal for BlackRock-sponsored Sopaipilla

BlackRock-sponsored Sopaipilla Investor LLC on July 27 placed $12.547 billion of 7.534% amortizing notes due Nov. 30, 2048 at T+287.5, in line with early whispers for the deal, which went out to investors last week. Proceeds back a massive 960-megawatt data center campus in El Paso, Texas (under an 80:20 joint venture with a Meta Platforms affiliate). That pricing level — which didn’t budge from initial whispers last week in the T+287.5 area — reflected concessions to investors to clear that amo

Bloomberg8d agoneutral
Nasdaq 100 Heads for Correction as AI Worries Rattle Investors

(Bloomberg) -- The Nasdaq 100 Index is on track to enter a correction as worries about the eventual payoffs from artificial intelligence investments sour sentiment in the technology giants that have powered most of this year’s stock-market advance. Most Read from BloombergNvidia’s $750 Billion in Deals Reignite Circular AI FearsChip Rout Deepens on Circular Funding, China Competition FearsCitadel Securities Sees Warsh Delivering Surprise Fed HikeDeepSeek Suspends Fundraising After Viral US-China

Meta and BlackRock Partner on $14 Billion Texas Data Centre Development
InvestorsHub8d agoneutral
Meta and BlackRock Partner on $14 Billion Texas Data Centre Development

Meta Platforms (NASDAQ:META) and BlackRock (NYSE:BLK) have agreed to form a joint venture to develop and own a major data centre campus in El Paso, Texas, in a project with an estimated total development cost of approximately $14 billion. The agreement brings together Meta’s expanding artificial intelligence infrastructure plans with BlackRock’s infrastructure investment capabilities.

If You Invested $20,000 in Meta 5 Years Ago, How Much Could You Have Now?
SmartAsset8d agoneutral
If You Invested $20,000 in Meta 5 Years Ago, How Much Could You Have Now?

A $20,000 investment in Meta five years ago would be worth much more today, but the result did not come from a steady rise in the stock price. During 2022, the value of that investment fell, and some investors may have chosen to sell while others continued to hold their shares without knowing whether the […] The post If You Invested $20,000 in Meta 5 Years Ago, How Much Could You Have Now? appeared first on SmartReads by SmartAsset.