Meta, the company behind Facebook, is set to spend a staggering $60 billion to $65 billion this year on building AI infrastructure. That's a lot of money! CEO Mark Zuckerberg thinks 2023 will be a big year for AI, and he's putting his company's cash where his mouth is. This investment will include
President Trump's new AI project, Stargate, is creating a buzz among tech stocks. This $500-billion venture, joining forces between OpenAI, Oracle, and SoftBank, aims to beef up the U. S. 's AI infrastructure. Since the announcement, Oracle's shares have surged by nearly 15%, and Microsoft's by 3%.
In a recent move, President Trump signed an executive order backing the growth of the cryptocurrency industry. The order calls for a new plan to regulate this business sector, where Trump has personal investments. The order suggests creating a working group to develop comprehensive regulatory and le
President Donald Trump's latest venture into the crypto world has sparked a mix of excitement and concern. Just days before his inauguration, he launched a memecoin called $TRUMP. In a short time, it skyrocketed, making him a crypto billionaire overnight. However, the hype around this coin has raise
Newly elected US President Donald Trump kicked off his term with a bang. He announced a $100 billion plan to fund artificial intelligence (AI) infrastructure. The plan had some big tech players on board, like OpenAI, SoftBank Group Corp. , and Oracle Corp. But there was a surprise name in the mix—MG
China's financial regulators have introduced a series of measures to encourage big state-owned funds and insurers to buy more stocks. The aim is to support a struggling stock market. On Thursday, the chairman of the China Securities Regulatory Commission, Wu Qing, announced that large insurance comp
At the World Economic Forum, President Trump sent a clear message to global leaders: invest in American manufacturing and enjoy low taxes, or face tariffs. He touted his administration's actions and promised changes based on what he saw as his mandate from the American public. Trump also suggested t
Stocks are soaring, with the S&P 500 reaching its highest point ever. This uptick follows a drop in the 10-year Treasury yield, which has been fueling the market's growth. However, on Wednesday, the yield slightly increased, going back up to 4. 6%. The dollar also hit a two-week low, causing some fr
During a visit to Washington, D. C. , just before President Donald Trump's inauguration, Stellantis Chairman John Elkann revealed the company's fresh plans for the U. S. These include creating 1, 500 new jobs and reopening a plant in Illinois to manufacture a new midsize pickup truck by 2027. Additi
President Donald Trump is set to announce a massive investment in artificial intelligence (AI), worth up to $500 billion. This project, called Stargate, is a partnership between tech giants OpenAI, Oracle, and SoftBank. The goal? To build the infrastructure needed for AI development, starting in Tex
