LeadStory

What is the latest tech news?

Asked 20 hours ago

Answer

Apple nears a $4 trillion valuation driven by strong iPhone 17 sales. Amazon faces pressure to show returns on AI investments as it prepares its earnings report. Meta's stock drops over 10% after announcing a $70 billion AI spending plan. Big Tech increases lobbying in Brussels, focusing on AI regulation. Intel returns to profitability but faces skepticism over its foundry business and future competitiveness.

Now Playing

CBS News

Meta stock falls over 10% after commitment to raise AI spending

CBS News · Recent
CBS News
CBS News
Recent
  • Meta's stock fell over 10% after CEO Mark Zuckerberg announced plans to increase AI spending. 1m 30s
  • Meta plans to spend $70 billion on AI this year, representing a significant portion of its annual revenue. 1m 56s
  • Investors are concerned about Meta's heavy reliance on advertising and the unclear returns from its AI investment. 2m 2s
  • Other tech giants like Microsoft and Alphabet are also making large AI investments, but have more diversified revenue sources. 2m 12s
  • Chinese companies, such as DeepSeek, are developing AI solutions at lower costs, increasing competitive pressure. 2m 31s
TechnologyCompanies & StartupsArtificial IntelligenceBusiness

References

Meta stock falls over 10% after commitment to raise AI spending
Icon
CBS News
22 hours ago
Meta stock falls over 10% after commitment to raise AI spending

Meta's stock drops over 10% after CEO Mark Zuckerberg commits to raising AI spending to $70 billion for the year, raising concerns about short-term returns.

Amazon to round of big tech earnings: Here's what to know
Icon
CNBC
1 day ago
Amazon to round of big tech earnings: Here's what to know

Amazon is under pressure to show growth in AWS and a return on AI investments as it prepares to release its latest earnings report, with rivals expanding their AI partnerships.

Big Tech spending on Brussels lobbying hits record high
Icon
Euronews
2 days ago
Big Tech spending on Brussels lobbying hits record high

Big Tech spending on Brussels lobbying reaches a record €151 million annually, with AI regulation being the most lobbied issue and frequent meetings with EU officials.

Apple nears $4 trillion valuation
Icon
CNBC
4 days ago
Apple nears $4 trillion valuation

Apple is close to reaching a $4 trillion market cap, driven by strong iPhone 17 sales, especially in China and the US, with analysts raising price targets and expecting robust revenue growth.

Wall Street remains skeptical on Intel despite its return to profitability
Icon
CNBC
7 days ago
Wall Street remains skeptical on Intel despite its return to profitability

Intel posts its first profitable quarter since January 2024, but analysts remain skeptical about its foundry business and ability to compete with TSMC.

What Are People Asking?