Believe it or not, Silicon Valley engineers are now being scored on how many AI tokens they use. The problem that may end up inflating overall AI demand. Deerbosa has more in today's tech check.Deerra. So, Kelly, I loved your description of maxing before the break. This is called token maxing.So, tokens are essentially the currency of AI. Every query or action it costs them. And engineers are now competing to burn through as many as possible.Companies are dangling token budgets as recruiting perks. And Shop ...

So Andy Jasse is more bullish than we've really ever heard him on AI and Amazon's custom semiconductors. In his annual letter out this morning says we are not going to be conservative in how we play this. Amazon disclosed for the first time that AI cloud revenue has hit $15 billion.That's the annual run rate. Jasse addresses the mega spending plans which have also been a drag on the stock this year. CEO says they're not spending $200 billion in capex in 2026 on a hunch.He says the momentum is real. has neve ...

A lot of questions here. This was a ceasefire deal that was contingent on a complete reopening of the Strait of Hormuz. And 36 hours later, some fighting is still ongoing in the region and the strait is not fully reopen.So, we are in a holding pattern to see if this very fragile truce will be able to hold long enough for in-person negotiations to get off the ground. And one of the biggest issues is a disagreement over fighting in Lebanon. Iran says the ceasefire must apply there.Israel says it does not. Jus ...

Can we use AI as our financial advisors, at least as AI exists right now. >> Well, you can't use them the way that we would use human financial adviserss, which is delegating decisions to LLMs. . That would be a bad mistake.But you can use them as financial adviserss in the sense that advisers often give you recommendations to think about and then ultimately you make the decision. I think that's the way that I would look at LLMs. . They can be very very useful in providing different options and in describin ...

Well, Meta just wrote a nearly decadel long check for AI compute, but the bill is coming due. Meta is committing, like you said, another $21 billion to Core. That's on top of a prior 14 billion agreement, bringing the total to roughly more than $35 billion.But this new spend actually runs through 2032. So, this is a long-term capital commitment to secure compute years in advance. And this is all happening while Meta is pouring as much as $135 billion into capex this year and building out its own data center ...

Let's show you the markets. You'll see exactly what I'm talking about. It really didn't look like that, but 10 minutes ago was red, flatish.Now, we've gotten a nice move kind of everywhere uh in the market. So, there are questions about the durability of the ceasefire. I think everybody can understand that.Um even so, there are some folks like fund strats Tom Lee who say enough positive things have happened that the worst is clearly behind this market. Here's what he told me yesterday on Closing Bell. the b ...

Look, Maine is set to become the first state to implement a ban on data centers. Now, the ban would halt construction until November 2027 that would give a newly created council time to review and suggest guidelines to ensure data centers don't do things like lead to skyrocketing energy prices and water usage, which are some concerns for supporters of this measure. And while Maine is not a major hub of data centers, note that more than a dozen other states are considering similar moratoriums on data center ...

WHERE THEY WILL RELEASE THEIR WORLD ECONOMIC OUTLOOK. SHE SAYS EVEN THEIR MOST HOPEFUL SCENARIO INVOLVES A GROWTH DOWNGRADE. AND HAD IT NOT BEEN FOR THE SHOCK OF THE IRAN WAR, THEY WOULD HAVE BEEN UPGRADING GLOBAL GROWTH.IMF MANAGING DIRECTOR KRISTALINA GEORGIEVA JOINS US THIS MORNING. FIRST ON CNBC, MD. IT'S ALWAYS A PLEASURE.GOOD TO SEE YOU. >> GREAT TO BE WITH. >> YOU, CARL.>> WALK ME THROUGH WHAT YOU'RE GOING TO SAY NEXT WEEK AND HOW HOW MUCH OF AN UPGRADE WERE WE IN FOR PRIOR TO HOSTILITIES. >> WELL, W ...

Should people be using AI for financial advice. >> Yes, they should be using AI for financial planning, but it's how they use it that's important. What they should not be doing is taking financial advice blindly from LLMs and implementing them.They've got to really put their own views on whether or not the advice makes sense. >> How do you go about determining something like that. >> Well, the first thing is you have to learn some finance.So that's the most challenging part that I think most people tend to ...

Disney is planning to lay off as many as a thousand employees in the coming weeks. That's according to a source close to the situation. Many of these job eliminations will be in marketing after the company consolidated its marketing across entertainment, experiences, and sports under a new CMO, Assad Aayaz, for the first time.That happened back in January. My understanding is that these layoffs have been in the works since then. The company is also in the process of combining Disney Plus and Hulu, both the ...