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 much better, trading around $3, 000 and hitting a four-month low at $2,...
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 money without seeing enough results. This made the company's stock price...
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 $72 billion on AI next year, which is a lot more than they had initial...
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. Two of these experts even said Meta's stock isn't a good buy right n...
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) shared some grim news. Their survey showed that manufacturing is still in ...
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 situation is expected to continue into 2026. The rapid increase in spendi...
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. These companies are competing to be the best at AI. However,...
Thursday was a rough day for tech investors as stocks related to AI took a nosedive. The culprits? Microsoft and Meta, two giants in the tech world, both signaled that they'll need to spend big on AI in the future. This news didn't sit well with investors, who had been hoping for more growth. Microsoft admitted it can't keep up with the demand for AI data centers. T...