When are we going to stop counting out Mark Zuckerberg? As concerns over AI mounted over the summer, Meta was one of the companies hit hardest. Investors were particularly skeptical about the firm’s massive capex-spending plans, especially since Meta was seen as more concentrated on AI than fellow hyperscalers like Microsoft. But the roaring success
AI agents have quickly become Silicon Valley’s latest obsession. Now comes the harder part of figuring out how they’ll make money. The attention comes amid Meta’s recent launch of Muse, which has brought fresh attention to a new generation of AI software designed to shop online, book travel, and complete tasks on users’ behalf. Goldman
For months, Wall Street debated whether AI spending had become too much, too fast. Now, after calls by some of the industry’s biggest names to slow frontier AI development, investors are asking whether AI spending could slow, too. “Does a “pacing slowdown” necessarily imply a spending slowdown? We don’t think so,” Bernstein analysts wrote Monday,
Tech leaders like Dario Amodei, Sam Altman, and Elon Musk are calling for a slowdown in the development of AI, and investors on Monday appeared to be taking the notion seriously. Stocks linked to the AI boom tumbled as investors processed the implications of frontier labs hitting the brakes. The Philadelphia Semiconductor Index fell as
Nvidia will officially cap off tech earnings season today after the closing bell. It’s been a tumultuous several weeks for the AI trade and mega-cap tech more broadly, with investors reacting sharply to results on both ends of the spectrum. On one side you had Alphabet and Tesla, which drew investor ire after ramping up
Michael Burry has fired another shot at AI kingmaker Nvidia. The investor, who rose to fame in “The Big Short,” took aim at the Jensen Huang-led chipmaker in a new Substack post on Tuesday. This time, he flagged what he sees as “serious competition” for the GPU firm, pointing to reports about Etched, an AI
