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The Marked Chart Wire · Tech and AI
AI and chips
Schwab CEO Rick Wurster says AI will change investing but cannot consistently beat markets. Shares fell more than 6 percent after Meta launched Muse, while JPMorgan Chase restricts third-party agents.
Meta AI
Meta Platforms announced a stock split intended to help finance its artificial intelligence expenditures. The company's shares have risen 1,730 percent since its 2012 initial public offering.
Meta AI Terms
Meta moved its advertising policy update from October 30 to November 20 following complaints about AI data usage. The firm stated the pause provides extra time to explain its web-crawling methods.
AI Spending
Meta's Muse product is performing well, but its success highlights broader questions about whether artificial intelligence spending delivers expected financial returns for companies.
Meta
The state filed a legal complaint accusing the social-media firm of permitting deceptive advertisements on its platforms.
Meta AI Spending
Meta disclosed $825 billion in projected spending for AI computing and data center projects, an increase from $700 billion in July. The funds include long-term leases and cloud contracts extending to 2036.
Humanoid Robots
Schaeffler inaugurated a new facility in Taicang, China, dedicated to mass-producing actuators for humanoid robots.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.