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September 16, 2025
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November 1, 2024

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Big Tech’s AI splurge worries investors about returns

Financial Wealth Daily11 months ago8 months ago06 mins

By Anna Tong, Aditya Soni and Deborah Mary Sophia (Reuters) -Big technology companies including Microsoft, Meta and Amazon are stepping up spending to build out AI data centers in a rush to meet vast demand, but Wall Street is hungry for a quicker payday on the billions invested. Microsoft and Meta both said on Wednesday…

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  • Business

Amazon’s plan to tackle Temu, Shein? Sell more toothpaste

Financial Wealth Daily11 months ago8 months ago06 mins

By Arriana McLymore and Ananya Mariam Rajesh (Reuters) – Amazon’s push to offer more everyday essentials like toothpaste is hurting its average selling prices, but it is also a guard against rivals such as Temu and Shein who offer rock bottom prices on goods they ship from China. People are shopping more frequently at Amazon,…

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  • Trump targets Memphis in law enforcement surge, eyes Chicago next
  • Nvidia says GAIN AI Act would restrict competition, likens it to AI Diffusion Rule
  • Exclusive-ASML becomes Mistral AI’s top shareholder after leading latest funding round, sources say
  • Google hit with $3.45 billion EU antitrust fine over adtech practices
  • Hyundai’s eVTOL startup Supernal pauses work following executive departures, TechCrunch reports

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