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The Marked Chart Wire · Tech and AI
HotAI Spending
The SOXX ETF dropped over 23 percent in a month, with Intel and Cerebras losing nearly half their value. Goldman Sachs warned that Democratic midterm wins could lead to limits on AI building projects.
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AI Spending
Dan Ives estimates that 5 to 10 percent of planned US data centers could be canceled due to political opposition. He warns semiconductor stocks may drop another 10 to 12 percent before stabilizing.
HotAI Spending
A report claims Microsoft faces a $5 billion shortfall in AI spending. Satellite imagery is said to indicate construction setbacks at IREN facilities.
AI Spending
Alex Schultz, Meta's chief data officer, stated that AI productivity is essential to support an aging population. He noted that fewer than half of his team currently use AI effectively, while the company plans to raise $95 billion for AI spending.
AI Spending
The company reduced the daily AI allowance for certain employees from $300 to $200 in an effort to cut internal expenses.
Data Centers
Fitch Ratings indicates that significant upcoming computing infrastructure in Texas, Georgia, and Ohio could face legal barriers under new state administrations.
HotAI and chips
The hardware maker introduced a KV cache system built in partnership with IBM and Nvidia. The company claims the setup offers notable gains in inference speed.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.