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The Marked Chart Wire · Tech and AI
HotAI Spending
A compilation of SEC filings estimates Big Tech's future obligations at $4.11 trillion, a 25 percent increase from August. Alphabet leads with $1.06 trillion in commitments, followed by Meta and Microsoft.
Part of a series: AI spending concerns hit tech stocks and credit markets
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AI and chips
Standard & Poor's notes that Meta's ability to generate revenue from its artificial intelligence investments is more restricted than that of its competitors.
AI Spending
Major technology firms have committed $3 trillion to capital expenditures, primarily to support the ongoing expansion of artificial intelligence infrastructure.
HotSpace AI
Google and Planet Labs announced that a TPU on a prototype satellite successfully ran the Gemma model to generate a haiku and transmit it to Earth.
HotMeta Litigation
Meta, YouTube, and TikTok resolved a lawsuit claiming their apps hurt young users via engaging features. Snap is now the only company facing trial in this bellwether case.
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.
HotReddit
The social platform says Google's artificial intelligence tools reduced its traffic. It is now trialing a mandatory login feature for users.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.