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The Marked Chart Wire · Tech and AI
HotIntel
Intel stock declined on Friday because rising memory prices are reducing the company's sales of chips for personal computers.
Part of a series: Intel: the latest, in order
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HotIntel
Intel is said to be creating a new processor called Moon Lake to replace its N-series lines. The design features four efficiency cores and could debut in 2028 for entry-level laptops.
HotAI Spending
Amazon shares fell 7 percent and Intel plunged 25 percent in premarket trading. Investors are concerned about the scale of artificial intelligence spending by major technology companies.
Meta AI Spending
S&P Global lowered Meta Platforms credit outlook to negative, citing concerns about a $145 billion artificial intelligence spending plan and weakening cash flow.
Online Safety Act
A London judge dismissed the appeal by Meta, TikTok and X against Ofcom. The British regulator demanded information from the platforms under the Online Safety Act.
OpenAI
The AI firm raised $11 billion, falling short of its revised $20 billion target and original $30 billion goal. It plans to approach private wealth managers and high net worth investors for additional capital soon.
OpenAI
Openai is said to have reduced its funding goal to $20 billion while maintaining a $1.25 trillion valuation, according to a report.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.