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Feds accuse crypto founder of stealing $10 million from NFT investors, spending it on Miami condo and DJ hobby | Fortune 0
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- August 5, 2026
Four years after the collapse in the market for NFTs, the crypto world is still reckoning with the fallout. The latest example came on Wednesday when the Department of Justice indicted a man on securities and wire fraud charges for allegedly orchestrating a $10 million cryptocurrency scheme through his crypto startup, Few and Far. The
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Uber keeps AI spending stable using cheaper models and employees tracking cost, CFO says 0
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- August 5, 2026
AI is reshaping Uber — gradually, and as it keeps a handle on AI spending. The ride-hailing company kept a lid on its token spending during the second quarter by “by setting better defaults for different use cases,” using lower-cost models for some tasks, and “letting employees more clearly understand and manage their spend,” CFO
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SpaceX’s first-ever earnings show higher revenues and huge spending 0
- Gear / Gear News and Events, General, News, Newsletters, Security / Security News
- August 5, 2026
SpaceX has delivered its first-ever quarterly business report, which showed revenue nearly doubled but its spending skyrocketed. The company, run by Elon Musk, builds space rockets and Starlink internet satellites and owns the social media platform X. It began trading on the US stock market in June. SpaceX said its revenue had grown 92% to
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Meta Shares Fall as Frustration Grows Over AI Spending Plans 0
- Gear / Gear News and Events, General, News, Newsletters, Security / Security News
- July 30, 2026
Meta shares plunged on Wednesday as investors balked at its promise to continue spending on artificial intelligence (AI) projects as profits decline. Shares in the company behind Instagram and Facebook fell 11% after its results for the April-June quarter showed revenue grew 28% from a year earlier to $61bn (£45.6bn), while profits fell 14% to
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Microsoft keeps capital spending forecast unchanged, becoming one of the first data center giants to keep the cap on AI spending.0
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- July 29, 2026
Microsoft kept its capital spending forecast unchanged on Wednesday, becoming one of the first data center giants to maintain control of the industry’s rampant AI spending. Shares rose about 8% on the news. Earlier this year, the company said it planned to spend $190 billion on capital expenditures this calendar year. On Wednesday’s earnings call,
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US seeks to boost anti-China spending around the world, documents show 0
- Gear / Gear News and Events, General, News, Newsletters, Security / Security News, US
- July 28, 2026
WASHINGTON– The Trump administration is preparing to increase funding by hundreds of millions of dollars for programs designed to counter China’s growing influence around the world, after halting many such initiatives last year during a series of budget and personnel cuts. The administration notified Congress late last week that it intends to spend $175.8 million
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