Meta stock drops 10% as heightened AI spending overshadows strong third-quarter results
Meta's CEO Mark Zuckerberg attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol, in ...
Tag: Spending
Meta CEO Mark Zuckerberg defends AI spending: ‘We’re seeing the returns’
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event in Menlo Park, California, US, on ...
AI spending is boosting the economy, but many businesses are in survival mode
Cameron Pappas, owner of Norton's FloristNorton'sFor Cameron Pappas, owner of Norton's Florist in Birmingham, Alabama, the artificial intelligence boom is a ...
Alibaba says its AI spending in e-commerce is already breaking even
Chinese e-commerce giant Alibaba has pledged to spend more than $50 billion on artificial intelligence over the next three years.CNBC ...
Best Buy’s CEO says growing spending power gap between affluent and poor ‘keeps me up at night’ | Fortune
Unlike luxury consumer goods brands such as Cartier or Louis Vuitton, Best Buy needs to appeal to a very wide ...
How the world’s 240,000 crypto millionaires are spending their fortunes
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the ...
Databricks commits to $100 million in OpenAI spending as high-valued startups team up in AI
Databricks co-founder and CEO Ali Ghodsi.DatabricksOpenAI and Databricks are two of the most highly valued tech startups on the planet. ...
Alibaba shares jump 9% in U.S. premarket after CEO unveils plans to boost AI spending
Alibaba shares soared in Hong Kong and U.S. premarket trading on Wednesday after the company said it will invest more ...
Meta puts the brakes on its massive AI talent spending spree
The logo of Meta is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles ...
China’s EV industry is spending more on factories abroad than at home for the first time
Brazilian President Luiz Inacio Lula da Silva and China's Great Wall Motor (GWM) CEO Mu Feng attend the opening of ...
