Big Tech's AI-related commitments are piling up. The bond market has its eye on Meta and Oracle, both of which are beginning to look stretched, @nirkaissar says (via @opinion) https://t.co/lKGKNVrTr5 ...

Macroeconomic Trends & Central Bank Policies - U.S. budget deficit exceeded $400 billion, showing a 25% wider gap than expected [5] - U.S. underlying core inflation remained sticky under 2.5%, prompting market pricing for one interest rate hike this year [6] - Japan's second-quarter GDP grew by 1.1% on an annualized basis, missing the 2% consensus expectation [71][79] - Singapore's non-oil domestic exports rose by 22.4%, with electronics exports surging 112% year-on-year [117] Industry Dynamics & Corporate Performance - Anthropic surged above $11 billion ahead of a potential mega IPO, with revenue doubling last quarter [1][8] - Jane Street posted $15 billion of losses in July due to one-way bets in Asian equity markets and AI hedge fund investments [23] - Alibaba's Qwen AI models accumulated more than 3 billion global downloads in six months, surpassing Meta and Google [23][24] - Gina Rinehart's investment vehicle acquired a stake of just over $1 billion in SpaceX, making it her largest position [111]

On Bloomberg This Weekend, California Attorney General Rob Bonta spoke about leading a coalition of states in a landmark lawsuit against Meta. Prosecutors accuse the social media company of designing its apps to deliberately addict young users. https://t.co/MKJsrK6tVi ...

On the latest episode of Equity podcast, we discuss why not everyone is buying Zuckerberg’s vision.https://t.co/96A06GKXm8 ...

Is this social media’s “big tobacco” moment? Ahead of opening statements this week in the multistate federal trial against Meta, California @AGRobBonta says, “We are not interested in putting them out of business. We are interested in ending the harmful, unlawful features that hurt kids.” ...

Industry Perspective and Strategy - Meta Chief Executive Officer published a 6,500-word letter outlining the strategic vision for achieving a positive artificial intelligence future [1] Market Trends and Risk Analysis - Technology sector analysts evaluated the core industry argument regarding the potential of artificial intelligence to eliminate most jobs and human relevance [1] - Technology firms face critical strategic inquiries regarding the acceleration and urgency of developing advanced artificial intelligence capabilities given existential risks [1]

The news doesn’t stop when markets close. Hosts Joe Mathieu, Carol Massar and Lisa Mateo bring clarity, context and a bit of humor to the weekend’s biggest headlines, LIVE from New York. Joined by Rep. Byron Donalds (R- FL), Rob Bonta, California Attorney General, Vice Admiral Robert Hayward, Fmr. CENTCOM Deputy Commander, Jennifer Lee, BMO Capital Markets Senior Economist, Jen Gavito, Fmr. Deputy Asst. Secretary of State, Ben Wikler, Author of “This is the Plan”, and Olivia Ferney, Luxury Travel & Event Ex ...

Mark Zuckerberg should have finished Harvard. >> [laughter] >> Cuz if he had just completed the course of his studies in the humanities, he would have may- maybe realized that he was having like third-year soch level thoughts about the world. >> were to boil Zuck's manifesto down to one big idea, it's that he believes that giving everyone access to the best possible AI is a good thing on its face.Right. He talks about checks and balances. He talks about democratization.He has this idea that no one should be ...

This is a pretty tough case, and you're accusing Meta of using technology to do harm. Does this have to do with the algorithm that is the basis of Facebook and Instagram, or is it more nuanced than that. Well, it has to do with the design of their products, both Facebook and Instagram.They designed their product to be dangerous. They knew that it was dangerous, and they liked the public. And the design includes the algorithmic feed.It includes beeps and alerts, likes, infinite scroll, autoplay, ephemeral co ...

Everyone's like, "Oh, we have to do Tik Tok and Reddit." There comes a time and place to add in a million things. Because if you do a million channels and you do them all poorly, it's not going to help you out. I say there's the core three of any acquisition engine.You have met Google and life cycle because you have your strong video intent platforms both in meta and like YouTube ads. You have the search intent of like people not knowing your product exists, but they're searching for something, right. Via t ...