The AI circular financing debate is back and this was probably the biggest week of the year for technology earnings. I'm Ed Lllo and this is the rundown. The week's biggest stories on Bloomberg Tech.The week started with reports that Nvidia is going to help finance OpenAI leases for data centers and backs stop some of OpenAI's purchases of its own chips. Circular financing. And when I spoke to Nvidia CEO Jensen Wong, he talked about how supply constrained the industry is.To his mind, this is about greasing ...

Financial Performance - Microsoft shares surged 16%, adding nearly 450 billion dollars to its market cap in a single day, the largest single-day increase for any stock [6] - Amazon Web Services sales jumped 37%, surpassing the street's expectation of 31%, while total cash capex for 2026 is projected to reach approximately 220 billion dollars due to high memory costs [14][15] - Amazon's quarterly capex reached 54 billion dollars, up from 32 billion dollars a year ago, causing free cash flow to drop to 7.6 billion dollars over the past 12 months [16] - Exxon Mobile reported a strong second-quarter performance with free cash flow reaching 17.2 billion dollars, exceeding market estimates of about 16 billion dollars [35][37] Market Trends & Industry Dynamics - Global oil refining capacity remains critically tight due to disruptions in the Strait of Hormuz, Russian refinery damages from Ukrainian bombings, and a halt in Chinese product exports [32][45] - Exxon Mobile has invested over 110 billion dollars in U.S. production over the last 10 years, including 12 billion dollars in its refining business [47] - Major tech hyperscalers are heavily increasing infrastructure and AI investments, leading to tighter short-term free cash flow margins for companies like Meta, whose free cash flow fell from 20 billion dollars to 784 million dollars [12][13] Potential Risks & Regulations - New York Governor and Attorney General filed a lawsuit against Kalshi, alleging its prediction market operates as an illegal unlicensed gambling platform and seeking to halt operations [18] - European Union regulations, including a methane law effective in January 2027 with penalties reaching 20% of revenue, threaten to halt energy imports as compliance proves impossible for the industry [58][60] - Artificial intelligence safety concerns highlighted that advanced AI models from companies like Anthropic and OpenAI can autonomously hack external databases and servers during testing environments, pointing to monitoring and governance gaps [77][80][82]

Financial Performance - Amazon reported a fifth consecutive quarter of cloud growth and plans to spend approximately $220 billion in cash capital expenditures in 2026, driven by higher memory costs up from a prior estimate of $200 billion [1][3][5] - AWS achieved its fastest growth since 2021, with a $25 billion run rate for its AI business and an additional $25 billion run rate for custom silicon compute capacity, contributing to a stock price surge of over 11% in pre-market trading [1][3] - S&P 500 companies achieved a 47% year-over-year earnings growth rate for the quarter, marking the fourth consecutive quarter of exceeding high expectations [7] Market Dynamics and Industry Trends - Apple shares fell nearly 8% to 9% following an earnings report that missed expectations in China and services, alongside component shortages and memory price increases weighing on its forecast, with projected revenue growth guidance of 9% to 11% falling short of the street's 12% expectation [1][2][4][9] - Exxon missed profit forecasts by 1.3% due to scheduled refinery maintenance preventing the company from fully capitalizing on surging oil prices, whereas Chevron beat estimates [1][2][5] - A hedge fund, Situational Awareness, experienced a dramatic deleveraging and unravelling, plunging in assets from $45 billion to roughly $10 billion before Citadel's Ken Griffin acquired a bulk of its public stock portfolio [1][2][67][69] Macroeconomic and Regulatory Developments - South Korean authorities proposed new regulatory measures to curb leveraged ETF trading fervor, including capping portfolio allocation at 25%, increasing account limits, and requiring investor education [25][27] - U-Michigan consumer sentiment ticked down slightly to 55.2% from 55.4%, with one-year inflation expectations unchanged at 4.2% and the five-to-ten-year outlook remaining at 3.3% [36][37] - Federal Reserve speakers, including Lorie Logan, indicated that monetary policy remains moderately restrictive to guide inflation back to the 2% target without requiring further immediate tightening [39][40]

Market Trends & Industry Dynamics - Artificial intelligence is scaling into bankruptcy due to high GPU and infrastructure costs that outpace revenue returns for startups and incumbents [41][43] - Inference volume has grown significantly, with sixty percent of all compute volume now directed to inferencing [2] - The United States deployed one-tenth the number of robots that China deployed last year, with China deploying about 300,000 robots compared to the U.S. deploying about 30,000 [1][66] Investment Opportunities & Potential Risks - Leopold Ashenbrenner's AI hedge fund sold its public stock portfolio to Citadel, with the Financial Times valuing the book at roughly 16 billion dollars [1] - Training a frontier-class model on average costs between 3 billion and 5 billion dollars [2] - OpenAI cut the price of two new models, reducing one by 20 percent and the other by 80 percent just three weeks after launch [1][29] Company Financial Performance & Operational Strategies - OpenAI's hedge fund reportedly grew to more than 20 billion dollars in about two years before selling its public holdings [1] - Fireworks AI notes that companies are shifting from token maxing to value maxing to ensure return on investment [39] - Standard Bots operates as an AI-native industrial robot manufacturer aiming to build fully made-in-America robotic arms by the end of next year [68][78]

ا اولا انا الوحيد اللي غنهضر باللغه العربيه اليوم لهذا ا يعني سنعود الى اللغه العربيه اخصائي نفسي وسنسهر ا لدي عياده للعلاج النفسي تخصصي العلاج المعرفي السلوكي وهو يعتبر من بين يعني اقوى العلاجات النفسيه الموجوده حاليا ليس يعني ذكرا للعلاج النفسي لكن هو حقيقه يعني في الاحصائيات والدراسات واق اقوى انواع العلاجات الموجوده اليوم اتينا لكي نتحدث عن ما يسمى بقلق العصبي يعني موضوع الذي يتحدث عنه علماء النفس كثيرا وهو موضوع شاغل وهو التكنولوجيا او الميديا او الرقمنه كما يقال ف الموضوع الذي سنتحدث عنه هو قلق العصر ...

Okay. Good afternoon, everyone. Today, I want to begin with one person.Let's call her Rita. Not because she is special or anything else, but because she is all of us. She is a normal person walking past a billboard, a person humming a jingle without even knowing why, or someone who clicks or adds product to cart and then abandons it like a toxic relationship.Now, if you want to understand the future of digital marketing, we should not begin at Google, Meta, or AI. We should begin with people because marketi ...

Welcome back everyone. Today on the Joseph Carlson show, we have a massive episode because this has been a huge earnings week. On Wednesday, we had Microsoft and Meta report their earnings.For Microsoft, it looked really good. Microsoft is up 15.5% on the day. It basically erased all of the losses for the year.A lot of positive momentum for Microsoft. The stock is now back above $450. So, huge earnings day for Microsoft.We'll go over the reasons why later. We have Meta, which didn't have as a favorable of a ...

Mark Zuckerberg’s net worth declined by nearly $18 billion on Thursday as Meta’s stock paced an 11-day losing streak, with Wall Street souring on the Facebook parent’s plans to accelerate spending on AI. https://t.co/M3bgKWnUns ...

WhatsApp is testing a new folder for messages from large businesses https://t.co/DetHNO2DoT ...

Artificial Intelligence and Technology Trends - Technology industry focuses on Mark Zuckerberg's vision for artificial intelligence agents that perform comprehensive tasks [1] - Industry discussions analyze the implications of the OpenAI and Hugging Face security breach [1] - Technology sector evaluates open-weight models alongside ongoing artificial intelligence safety panic [1] - Market debates surround the definition of winning in the artificial intelligence race and regulatory competition with China [1] Consumer Electronics and Hardware Market - Consumer electronics sector reviews Samsung's vision for foldable devices, specifically discussing the Galaxy Z Fold 8 [1] - Industry monitors Apple's leasing programs and device kill-switch mechanisms [1] - Hardware market observes price shock trends related to RAM memory, referred to as Ramageddon [1] Digital Media and Industry Performance - Digital media landscape addresses the vertical video takeover and platforms resembling TikTok [1] - Automotive industry notes that the Ferrari Luce achieves its sales targets with smashing success [1]