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The Marked Chart Wire · Tech and AI
HotAI Spending
Microsoft reported $45.2 billion in infrastructure costs, falling short of the $50.7 billion forecast. CoreWeave and Nebius shares declined nearly 5 percent in after-hours trading.
Part of a series: AI spending outlook and market reaction
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AI and chips
A report indicates that Google and Meta collaborated to create the Torch TPU, a specialized processor for AI tasks.
Google CEO Sundar Pichai stated that search queries are expanding at the quickest rate in five years. The company is also rolling out ads in its AI search mode for international users.
Smart Glasses
Google and Xreal introduced the Aura, wired smart glasses running Android XR and powered by Qualcomm chips. The device starts at $1,099, with orders open now and shipping scheduled for mid-November.
Xreal Aura
Alphabet has officially launched the Xreal Aura, a new smart glasses product. The company confirmed the release of the device on Tuesday.
AI Spending
Stijn Van Nieuwerburgh estimates AI spending will average 3.6 percent of US GDP annually from 2025 to 2032, exceeding the historic railroad expansion. He notes that while AI boosts growth, it also concentrates wealth and disrupts labor markets.
Alphabet
The tech giant began selling its proprietary TPU processors to external clients this year, potentially strengthening its position in the AI hardware market.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.