Amazon now expects around $75 billion in capital spending in 2024, with the majority on technology infrastructure. On the company’s latest earnings call, chief executive Andy Jassy said he expects the company will spend even more in 2025. This represents a surge on 2023, when it spent $48.4 billion for the whole year. The biggest […]
Promoting his new book over the summer, economist Ruchir Sharma managed to get one of its main themes splashed all over the media: “When the price of borrowing money is zero, the price of everything else goes bonkers.” Ruchir was talking about the stock market, and promoting the falsehood that when the Fed makes credit […]
According to Facebook, news broke about the Cambridge Analytica data breach in 2015, and its business wasn’t immediately harmed. Following that logic, the social media company hopes that SCOTUS will agree that Facebook was only required to disclose the data breach in its SEC filing if Facebook knew its business would likely be harmed from […]
CEO of Nvidia, Jensen Huang, speaks during the launch of the supercomputer Gefion, where the new AI supercomputer has been established in collaboration with EIFO and NVIDIA at Vilhelm Lauritzen Terminal in Kastrup, Denmark October 23, 2024. Ritzau Scanpix | Mads Claus Rasmussen | Via Reuters Nvidia is replacing rival chipmaker Intel in the Dow […]
October 2024 data shows major tech stocks exceeded bitcoin’s 11% volatility, with Tesla reaching … [+] 24%, AMD 16%, and Nvidia 12%. Getty Images Tesla stock topped the volatility charts at 24%, followed by AMD at 16% and Nvidia at 12%, all surpassing bitcoin’s 11% movement range, according to my calculations. Other tech giants showed […]
Nvidia will replace Intel on the Dow Jones Industrial Average, in a move that underscores the growing influence of Gen AI and advanced computing. The Santa Clara-headquartered tech giant has increased its stock price seven-fold in the past two years through its leadership in artificial intelligence technology, including with development of its Blackwell GPU architecture […]
Silhouetted office workers replaced by computer code. getty Frontier models in the billions and trillions of parameters have been a focal point of the past two years as generative AI enthusiasm has continued to grow steadily finding its way into our apps, devices, and businesses–with new tools and use cases coming to market almost daily. […]
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: I have never been one to have a cluttered desk at work. To me, everything has a place. Awesome desk organization, awesome outcomes, is how my head works. But I broke this rule […]
This is a published version of the Forbes Daily newsletteryou can sign-up to get Forbes Daily in your inbox here. Good morning, Private equity is betting big on an unexpected place: Big Sky, Montana. In addition to the exclusive Yellowstone Club, which Forbes featured recently, Boston real estate investment firm CrossHarbor Capital made two acquisitions […]
A man wearing a mask walks past a Nvidia logo in Taipei, Taiwan. Sopa Images | Lightrocket | Getty Images Asian chip stocks rose on Tuesday after Nvidia closed at a record high overnight as the chip company continues to ride the massive artificial intelligence wave. Stocks tied to Nvidia suppliers as well as other […]
