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Meta Enormous AI Spending Overshadows Solid Q1 Earnings

Meta Enormous AI Spending Overshadows Solid Q1 Earnings

Despite impressive quarterly results, Meta’s AI spending binge has hurt investor sentiment. After reporting a solid result, the company’s shares started to decline. According to the Financial Times, investor sentiment suffered when the company increased its capital expenditure guidance. Also

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Spotify Trims Workforce to Fast-Track AI Development

Spotify Trims Workforce to Fast-Track AI Development

Spotify recently intensified its focus on artificial intelligence (AI), significantly changing its workforce and business approach. Despite the challenges, this strategy has garnered approval from Wall Street, as reflected in the company’s surging stock prices. Also read: Spotify and YouTube

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Bitcoin Surges Past $31K as Spot BTC ETF Issuers Re-apply

Why Bitcoin Surged Past $31K as Spot BTC ETF Issuers Re-apply

Bitcoin made a remarkable resurgence on Tuesday, briefly crossing$31,000 after several prospective bitcoin exchange-traded fund (ETF) issuers resubmitted their applications to the U.S. Securities and Exchange Commission (SEC).  As the world’s largest digital asset, bitcoin’s rally has triggered similar price

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Meta Steps Up AI Efforts, Creates Custom AI Chip

Meta Steps Up AI Efforts, Creates Custom AI Chip

Meta is creating its first custom chip dedicated to running AI models, the company announced on Thursday. The tech industry is pivoting towards AI from the metaverse, and Mark Zuckerberg cannot remain untouched despite renaming Facebook to Meta in 2021.

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