The market has been on a downhill streak, with the S&P 500 experiencing its fourth straight losing session. The tech sector, particularly those listed on the Nasdaq, is leading the decline. Investors are growing anxious about the rapid pace of spending on artificial intelligence infrastructure. A r
Oracle's stock took a big hit recently. It dropped the most since January. Why? The company is spending a lot on AI and data centers. This spending is growing fast. But it's not turning into cloud profits as quickly as investors hoped. In the last quarter, Oracle spent about $12 billion on capital
AI is advancing fast, but not everyone is handling the risks well. That's what Dario Amodei, the CEO of Anthropic, shared at a recent event. He's optimistic about the tech but worried about the money side. Some companies are spending too much, too fast. This could lead to problems, even if the tech
Crypto prices are feeling the heat lately. Bitcoin and Ethereum, the big names in the crypto world, have been dropping. Bitcoin is now below $92, 200, which is the lowest it's been since April. It's lost over 14% in just two weeks, wiping out all the gains it made this year. Ethereum isn't faring mu
Meta, the company behind Facebook, is spending a ton of money on AI. The CEO, Mark Zuckerberg, said they will spend between $70 billion and $72 billion this year. That's a lot more than they thought they would spend before. Investors are not happy about this. They think Meta is spending too much mon
Big tech companies are throwing tons of money at AI, but investors are starting to have doubts. This became clear when Meta and Microsoft, two major players in the AI game, saw their stock prices take a hit after their latest earnings reports. Meta announced plans to spend between $70 billion and $
Meta, the company behind Facebook, has been putting a lot of money into AI. They just upped their spending plan for the year. But not everyone is happy about it. Some experts on Wall Street are worried. They think Meta is spending too much, too fast. They're not sure if this AI stuff will pay off.
U. S. factories are in a tough spot. For the sixth month in a row, manufacturing has shrunk. The main culprit? Tariffs. These import taxes are making it hard for factories to do their job. Some say things are worse now than during the Great Recession. The Institute for Supply Management (ISM) share
The year 2025 is set to see a massive surge in spending on generative AI (GenAI), with predictions reaching $644 billion. This is a staggering 76. 4% increase from 2024. Despite this, many companies are still in the dark about how GenAI can truly benefit their operations or boost profits. This situa
Imagine a world where big tech companies are racing to outspend each other. Well, that's exactly what's happening. Amazon is leading the charge. They are spending over $100 billion and still plan to spend even more. This is largely to build more data centres . There is a good reason for this. T
