Sources: Meta cuts its annual distribution of stock options by ~5% for most of its staff, equating to tens of thousands of employees, after a ~10% cut in 2025
Most employees will receive 5% less in equity rewards as Mark Zuckerberg slashes costs to fund huge AI spending
US tech stocks and bitcoin rally after three days of selling; Nasdaq Composite closed up 2.18%, Broadcom 7.22%, Strategy 26.11%, and bitcoin rebounded to ~$70K
Nasdaq climbs after sell-off fuelled by worries over vast AI spending — US technology stocks and bitcoin rallied strongly …
Meta reports Reality Labs Q4 revenue of $955M, vs. $940.8M est., and a $6.02B operating loss, vs. $5.67B est.; Reality Labs now has $75B+ in losses since 2020
stock down ahead of Q4 results, AI spending biggest worry
Meta reports Reality Labs Q4 revenue of $955M vs. $940.8M est. and a $6.02B operating loss vs. $5.67B est.; Reality Labs now has $75B+ in losses since late 2020
stock down ahead of Q4 results, AI spending biggest worryAli Merchant /Investing.com:Meta Earnings Preview: Big AI Bets and Reality Labs Drag on OutlookForums:r/technology:Meta's Reality Labs posts $6...
The Groq deal shows the challenges Nvidia faces as options to deploy its cash flood narrow; its annual free cash flow has risen from $4.2B in 2020 to $80B+ now
Blowout AI spending fills chip maker's coffers, but Groq deal shows that company needs to think creatively
The Groq deal shows the challenges Nvidia faces as options to deploy its cash flood narrow; its annual free cash flow has risen from $4.2B in 2020 to $80B+ now
Blowout AI spending fills chip maker's coffers, but Groq deal shows that company needs to think creatively
Amazon, Microsoft, and Google pledged a combined $67.5B in Indian investments since October, 80% of those in December, as part of an AI spending frenzy in India
Pranshu Verma / Washington Post :
Amazon, Microsoft, and Google pledged a combined $67.5B in Indian investments since October, 80% of those in December, as part of an AI spending frenzy in India
Amazon, Microsoft and Google have pledged a combined $67.5 billion in Indian investments since October. Eighty percent of those commitments came this month.
South Korea, the EU, the UK, Saudi Arabia, the UAE, and others aim to build “sovereign AI”; Gartner expects $1.5T in AI spending in 2025, up 50% from 2024
Jiyoung Sohn / Wall Street Journal :
AMD CEO Lisa Su says AMD's annual revenue growth will average more than 35% and AI data center revenue growth will average 80% over the next three to five years
Lineup confirms 2026 release for Zen 6, coming with expanded AI features Samantha Subin / CNBC : AMD stock soars 10% on strong growth projections as CEO Su calls AI spending ‘the right gamble’ Kara Gr...