Yahoo Finance26d agoneutral
AMD stock rises on price target bumps, Microsoft dealAMD stock rose more than 3% on Monday.
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The Wall Street Journal26d agoneutral
BlackRock Leads $12 Billion Financing for New Meta Data Centers in TexasBlackRock is leading a debt sale targeting at least $12 billion for its massive new El Paso data-center project backed by Meta Platforms people familiar with the matter said. The world’s largest investment firm, along with its infrastructure and private-credit arms, owns an 80% stake in the Texas data-center project, while Meta Platforms, which will use the data centers, owns the other 20%. BlackRock has been plowing tens of billions of dollars into data-center investments over the past year, including a $40 billion deal to buy Aligned Data Centers.
Reuters Videos26d agoneutralVIDEO
Meta faces Tennessee trial over Instagram allegations<body><p>STORY: Tennessee state claims Instagram's design is to blame for a youth mental-health crisis.</p><p>Meta Platforms goes to court on Monday – one of several trials in the coming weeks...</p><p>testing allegations that the company's social media platforms were intentionally built to be addictive.</p><p>Tennessee accuses the company of violating the state's consumer protection law...</p><p>by knowingly designing a product that drives teens to compulsive use...</p><p>and misleading the public about its safety.</p><p>The lawsuit, filed by the attorney general's office, claims Meta failed to disclose extensive internal research..</p><p>showing Instagram could harm teens.</p><p>And that it continued offering features it knew were dangerous without warning users.</p><p>A Meta spokesperson said in a statement on Friday that the company already has built-in controls...</p><p>to protect the hundreds of thousands of Tennessee teens who use social media every day.</p><p>The company has argued the state's claims are based on the content posted on Instagram by its users...</p><p>and that a federal law shields the company from liability for third-party content.</p><p>The trial is slated to last for seven weeks.</p><p>It's scheduled to overlap with at least two other trials against the company in courts in California.</p><p>Meta faces thousands of lawsuits over similar claims in both state and federal court.</p><p>Nearly every state in the country has filed claims against Meta over its platforms’ alleged impact on children.</p></body>
Bloomberg26d agoneutral
Chinese AI Sensation Moonshot’s Gamble on Big Models Pays Off(Bloomberg) -- Crowds rushed to an obscure corner of China’s premier tech summit, moving past monumental booths from Alibaba Group Holding Ltd. and Tencent Holdings Ltd. to catch a glimpse of the hottest name in domestic AI.Most Read from BloombergUS Strikes Iran in Escalating Campaign After Troops KilledThousands of Trucks Haul Iraq’s Oil Through Syria in Sign of Hormuz LegacyUS Strikes Iran to ‘Punish’ It for Attack That Killed 2 TroopsTrump Silent So Far on Iran Plans as US Death Toll Hits 17
Reuters26d agoneutral
Meta faces Tennessee trial over allegations Instagram was designed to be addictiveBy Diana Novak Jones July 20 (Reuters) - Meta Platforms faces trial in Tennessee on Monday over the state's claims that Instagram's design is to blame for a youth mental-health crisis, one of several
Reuters26d agoneutral
Meta faces Tennessee trial over allegations Instagram was designed to be addictiveBy Diana Novak Jones July 20 (Reuters) - Meta Platforms faces trial in Tennessee on Monday over the state's claims that Instagram's design is to blame for a youth mental-health crisis, one of several
Bloomberg26d agoneutral
Citi Says Magnificent Seven Tag Is Obsolete in AI Stock Winners(Bloomberg) -- The popular Magnificent Seven stocks moniker is “no longer relevant” in assessing how to play the US artificial intelligence trade, according to Citigroup Inc. strategists.Most Read from BloombergUS Strikes Iran in Escalating Campaign After Troops KilledThousands of Trucks Haul Iraq’s Oil Through Syria in Sign of Hormuz LegacyUS Strikes Iran to ‘Punish’ It for Attack That Killed 2 TroopsTrump Silent So Far on Iran Plans as US Death Toll Hits 17FCC Near Rulings Against Disney Over
Bloomberg27d agoneutral
Bezos Backs AI Startup to Discover New Materials for Chipmaking(Bloomberg) -- Producing the world’s most in-demand semiconductors requires enormous amounts of energy and access to rare minerals. CuspAI, a two-year-old British startup, has raised nearly half a billion dollars on its bet that artificial intelligence can improve that process. Most Read from BloombergUS Strikes Iran in Escalating Campaign After Troops KilledThousands of Trucks Haul Iraq’s Oil Through Syria in Sign of Hormuz LegacyUS Strikes Iran to ‘Punish’ It for Attack That Killed 2 TroopsFCC
Financial Times27d agoneutral
Morgan Stanley becomes Wall Street’s top bank for AI debt dealsMorgan Stanley has emerged as Wall Street’s chief architect of the financing structures underpinning the AI boom, devising new debt and equity...
Bloomberg27d agoneutral
Big Tech Needs to Justify AI Spending as Investors Dump Stocks(Bloomberg) -- After last week’s wipeout in chips and the broader selloff in technology stocks, pressure is building for the biggest spenders on artificial intelligence to justify their expenditures to beleaguered traders with increasingly itchy fingers hovering over their sell buttons.Most Read from BloombergUS Strikes Iran to ‘Punish’ It for Attack That Killed 2 TroopsFCC Near Rulings Against Disney Over ‘The View,’ TV LicensesThousands of Trucks Haul Iraq’s Oil Through Syria in Sign of Hormuz
Bloomberg28d agobullish
China’s Moonshot Plans IPO in Six Months After AI Breakthrough(Bloomberg) -- Moonshot AI has told investors it’s preparing to list in as early as six months, seizing the opportunity to tap capital markets after its latest model upended industry perceptions of China’s burgeoning capabilities and sent global tech stocks reeling.Most Read from BloombergFCC Near Rulings Against Disney Over ‘The View,’ TV LicensesUS Strikes Iran to ‘Punish’ It for Attack That Killed 2 TroopsThousands of Trucks Haul Iraq’s Oil Through Syria in Sign of Hormuz LegacyTaylor Farms P
Benzinga28d agoneutral
Marco Rubio Says President Lula 'Put His Ego Ahead of Making a Deal' as Trump Slaps Brazil With 25% TariffsThe Trump Administration announced a 25% tariff on most Brazilian imports late Wednesday, effective July 22. The U.S. has invoked Section 301 of the Trade Act of 1974, targeting certain Brazilian practices, which include directives to American tech giants like...
TheStreet28d agobearish
Meta, Anthropic drop bombshell news on AI marketLast October, Mark Zuckerberg mentioned almost in passing that companies kept asking Meta if they could buy computing capacity from it, at a premium. It sounded like a hypothetical. On July 17, the New York Times turned it into a very real story. Meta and Anthropic are in early talks for a ...
Financial Times29d agoneutral
Meta and Anthropic in talks for up to $10bn data centre dealMeta is in early talks to rent its computing power to Anthropic in what could be a multibillion-dollar deal, as the social media company plans...
Reuters29d agobearish
US judge won't block Meta from laying off workers who filed AI discrimination lawsuitBy Daniel Wiessner July 17 (Reuters) - A U.S. judge on Friday rejected a bid by 26 employees of Meta Platforms to block the tech giant from laying them off while they pursue claims that they were
24/7 Wall St.29d agobullish
3 AI Spend Metrics That Keep Me Buying Meta Leading Up to July 29 Earnings ReportThree numbers on Meta's income statement keep pulling my money back before the July 29 earnings call, and one of them proves something no other hyperscaler has managed to pull off yet.
Reuters29d agoneutral
Meta, Anthropic in talks for potential $10 billion compute lease deal, NYT reportsMeta Platforms is in talks to lease computing power to Anthropic in a potential deal worth as much as $10 billion over two years, the New York Times reported on Friday, citing three people with knowledge of the discussions. Such a deal would help Meta diversify beyond its core advertising business by generating new revenue from its infrastructure investments and directly pitting it against CoreWeave and Nebius, as growing adoption of advanced tools drive up the need for computing capacity. Anthropic had proposed the deal in June and Meta is considering it, the report said.
24/7 Wall St.29d agoneutral
Netflix Sinks 11% on Soft Q3 Guidance as Analysts Warn It’s “Losing Narrative Control”Analysts say Netflix is losing control of its own story, and a single line buried in Friday's earnings report about future disclosures is making Wall Street more nervous than the guidance miss itself.
Bloomberg29d agobullish
Apple Upgraded to Buy by HSBC on Agentic AI, Hardware Pipeline(Bloomberg) -- Apple Inc. was upgraded to buy at HSBC Holdings Plc on Friday, in the latest reflection of how Wall Street is increasingly positive on the iPhone maker’s position in a market where many trades related to artificial intelligence have been faltering.Most Read from BloombergGoogle Gemini Launch Delayed as Tech Falls Short of Internal GoalsThailand Scraps Plan to End Visa-Free Entry for Indian TouristsBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthNasdaq Futures Tumble
Simply Wall St.29d agobearish
Meta (META) Faces Employee Lawsuit Over AI Assisted LayoffsMeta Platforms (NasdaqGS:META) has been hit with a federal lawsuit filed by employees over AI-assisted layoffs. The suit alleges that Meta's use of AI in personnel decisions discriminated against protected groups, including workers with disabilities and pregnant employees. Plaintiffs are seeking to halt further layoffs and are calling for an independent audit of Meta's AI systems used in workforce management. Meta Platforms, the parent company of Facebook, Instagram, WhatsApp and other...
Bloomberg29d agoneutral
Hyperscalers Are Dragging Down Bond Gauges Across Global Markets(Bloomberg) -- The bonds sold by hyperscalers to fuel their artificial intelligence ambitions have become a drag on investor portfolios from London to Tokyo.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsGoogle Gemini Launch Delayed as Tech Falls Short of Internal GoalsBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthNasdaq Futures Tumble 1.5% as Chip Rout Deepens: Markets WrapUS Cyclospora Outbreak Tied to Taco Bell Lettuce From MexicoFrom fa
The Wall Street Journal30d agoneutral
Meta Plans to Hire Top Amazon Computing Executive as it Weighs Cloud PushDave Brown, one of the most senior executives at Amazon Web Services, will bring his nearly two decades of experience to the social-media giant.
Bloomberg30d agoneutral
Xi Vows to Make AI for All in Debut at China’s Top Tech Summit(Bloomberg) -- President Xi Jinping hailed China’s progress in developing low-cost artificial intelligence, pressing his personal imprint on the country’s rapidly expanding global influence to call for a more open technological order.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthGoogle Gemini Launch Delayed as Tech Falls Short of Internal GoalsCIA Says AI Drones Give Russian Troops Only 30 Minu
Bloomberg30d agoneutral
DeepSeek Champions China’s Bid to Flood the World With Cheap AI(Bloomberg) -- On a video conference call from Hangzhou earlier this year, one of China’s hottest startups held a four-hour pitch meeting with potential venture investors that was unusual by almost any measure. Only two representatives per institution were allowed. The majority of those present were getting a glimpse of the company’s leader for the very first time.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsBeckham’s IM8 Gets $1 Billion From General Cat
Investing.com30d agobearish
Alphabet stock falls on report of Gemini AI model delaysInvesting.com -- Alphabet Inc. (NASDAQ:GOOGL) shares fell 2.3% Thursday afternoon following a Bloomberg report that the company’s Google is months behind schedule on delivering Gemini 3.5 Pro, its most powerful flagship AI model.
Bloomberg30d agobearish
Google Gemini Launch Delayed as Tech Falls Short of Internal Goals(Bloomberg) -- Alphabet Inc.’s Google is months behind schedule on delivering Gemini 3.5 Pro, its most powerful flagship AI model, because the company has been taking time to try to improve its capabilities, particularly in coding, according to people familiar with the matter.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthCIA Says AI Drones Give Russian Troops Only 30 Minutes to LiveOpenAI’s Fir
The Wall Street Journal30d agoneutral
In Congo, Ebola Responders Fear WhatsApp Voice Notes Are Spreading Fake NewsRecordings sent over Meta’s messaging app are supercharging falsehoods, leading to attacks on Ebola treatment centers and assaults of health workers and volunteers.
Bloomberg30d agobearish
Oracle Risks Falling Behind in AI Race as Spending Binge Bites(Bloomberg) -- Oracle Corp.’s ambitions to dominate the artificial intelligence buildout are running into a key hurdle: funding a spending spree without further damaging its credit standing.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthOpenAI’s First Device Will Be Movable, Screenless Speaker Built as AI CompanionCIA Says AI Drones Give Russian Troops Only 30 Minutes to LiveOnePlus, Once Popula
Reuters30d agoneutral
Nvidia-backed startup Fireworks valued at $17.5 billion in latest fundingNvidia-backed AI infrastructure startup Fireworks said on Thursday it raised $1.51 billion at a $17.5 billion valuation to expand its engineering team and global compute capacity. The Series D funding round was led by investment firms Atreides Management, Index Ventures and TCV. Participants included existing investors like Nvidia and Lightspeed Venture Partners.