Microsoft to lay off thousands in July, but don't worry, AI's getting $80 billion
A different kind of AI/worker displacement
Investment articles
Meta invests $14.8 billion in Scale AI to accelerate superintelligence ambitions
Scale AI's CEO Alexandr Wang will lead a newly formed research lab at Meta
IBM pledges to invest $150 billion in US manufacturing over the next five years
$30 billion will fund US production of IBM's mainframe and quantum computers
CEO Andy Jassy outlines Amazon's future as "the world's largest startup"
Amazon claims to have made over 375 changes to its bureaucracy, based on suggestions from employees
Pat Gelsinger warns TSMC's $100 billion investment will not restore US semiconductor dominance
"If you don't have R&D in the US., you will not have semiconductor leadership in the US."
Americans lost a record $12.5 billion to fraud in 2024, with investment scams leading the losses
If it seems too good to be true, it usually is
Microsoft scales back AI data center expansion amid AI spending boom
Satya Nadella warns of AI's high costs and low returns (so far)
Apple announces $500 billion investment in US manufacturing amid Trump tariff concerns
It will fund a new server factory in Houston and 20,000 additional jobs
Europe enters the AI race with $207 billion InvestAI initiative
The AI battle is just heating up
Amazon, Google, Microsoft, and Meta push AI spending to new heights, set to surpass $320 billion this year
The race for AI dominance - but, how much is too much?
SoftBank seems ready to invest (more) billions in OpenAI
The Japanese conglomerate could become OpenAI's largest investor
Fujifilm to invest $640 million to boost semiconductor materials production
It's expanding operations in the US, Japan, South Korea, and possibly India
Lenovo to establish major PC and server factory in Saudi Arabia with $2 billion investment
The project also gives Saudi Arabia a boost as it seeks to diversify its economy
Toyota invests $44.3 million in Japanese startup to mass-produce rockets
The move is a reflection of the company's ambitious vision of mobility
Nvidia, AMD, and Intel invest in Ayar Labs to enable futuristic light-based chips
Ultra-low latency and crazy efficiency
Nvidia challenger Tenstorrent completes $700 million funding round backed by Jeff Bezos, other high-profile investors
CEO Jim Keller is a strong advocate of open source
MicroStrategy doubles down on crypto, now sits on nearly 280K Bitcoins
As new record is reached, is a $100,000 Bitcoin valuation possible?
Big Tech doubles down on AI, $200 billion gamble raises concerns on Wall Street
ROI? Who said anything about ROI?
Microsoft faces scrutiny over AI spending as Copilot adoption lags
There's a "wall of worry" around Microsoft's earnings
OpenAI's Sam Altman dismissed as "podcasting bro" by TSMC over $7 trillion proposal
Altman has been on an AI world tour over the past year
Intel explores $5 billion investment offer from Apollo amid market decline
Just after Qualcomm's takeover offer
Biden's IRA and CHIPS Act: 40% of investments now delayed or in limbo
At least $84 billion worth of projects are currently on hold
Intel made a billion dollar blunder when it declined to invest in OpenAI
The decision was made several years ago
Big Tech needs to generate $600 billion in annual revenue to justify AI hardware expenditure
The big picture: The tech industry is riding a new high amid a frenzy fueled by AI. Big Tech companies have been plowing huge sums to build out the necessary infrastructure to meet what they perceive demand will be for these products in the coming years. One analyst warns however that the industry needs to stop and consider whether the actual revenue generated by AI will be enough to support these investments.
Is there a sustainable model for AI factories?
Navigating the heavy freight of AI data processing