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Meta Stock Has Soared Almost 50% Over A Year But Now The Company Is Slashing Staff Stock Awards As It Braces To Face OpenAI, Amazon And Others In AI Race
Meta is reportedly reducing employee stock awards by 10% while ramping up AI investments to as much as $65 billion in 2025. read more
Alibaba Says If Artificial Intelligence Is Like Electricity, Then Its Cloud Computing Network Is The Power Grid: The Money Is In Powering AI, Not Selling It
Alibaba executives emphasized that the true value of artificial intelligence lies in cloud computing infrastructure rather than AI models, positioning the company’s cloud division as the key driver of future monetization. read more
Sam Bankman-Fried Slams Biden’s Crypto Policies As ‘Incredibly Destructive’ While Aligning With Trump — Looking For A Pardon?
Sam Bankman-Fried, who is currently serving a 25-year sentence for the FTX scam, shared his disapproval of the previous Joe Biden administration and expressed sympathy toward President Donald Trump, according to an interview from his prison released Thursday. read more
Apple Stock Has Run Up Over 10% In A Month, Jim Cramer Says iPhone Maker Is ‘Ramping’ And The Credit Goes To Chinese Subsidies
Apple Inc. shares have gained over 10% in the past month, with CNBC’s Jim Cramer attributing recent momentum to Chinese government subsidies covering Apple products. read more
Alibaba Spikes 11% In Hong Kong As Tencent, Xiaomi Lead Tech Rally On Earnings Optimism, Chinese Stimulus Hopes
Chinese technology stocks advanced sharply on Friday, with Alibaba Group Holding Ltd. jumping 11.41% in Hong Kong trading, as investors responded to positive earnings guidance and anticipated monetary policy easing from Beijing. read more
Jack Dorsey ‘Really Excited’ About Block’s Bitcoin Mining Suite That Could Challenge Foreign Dominance: ‘Customers Want Other Options’
Jack Dorsey, co-founder and executive chair of Block Inc. (NYSE:XYZ), voiced optimism for the firm’s Bitcoin (CRYPTO: BTC) mining products suite, Proto, on Thursday, hoping to gain read more
Mortgage Rates Fall For Fifth Week Straight, But Remain Close To 7%
Homebuyers received some good news this week: Mortgage rates declined for a fifth week to their lowest level since last year and the median U.S. home-sale price rose by the smallest increase since last September. read more
Jeff Bezos Wants To Know Who You’d Pick As The Next 007 As James Bond’s Future Now In Amazon’s Hands
Amazon MGM Studios has taken over the creative control of the James Bond franchise, marking a major shift for the legendary spy series, while Amazon founder Jeff Bezos has fueled speculation about the next 007 by asking fans for their picks. read more
Bitcoin Breaches $98K, Ethereum, Dogecoin Flat As SEC Relaxes Crypto Enforcement: Top Analysts Are Focused On This Level For A Potential BTC Upside
Leading coins jogged while stocks sank on Thursday as the Securities and Exchange Commission scaled back cryptocurrency oversight. read more
Elon Musk’s X Hit With $1.42 Million Fine From Brazil Judge He Once Labeled ‘Dictator’
Brazil’s Supreme Court has fined Elon Musk’s X $1.42 million for failing to comply with a court order to remove a misinformation-spreading profile and provide user data, escalating the platform’s legal troubles in the country. read more