Artificial intelligence
High school, college students are excited about AI, not dreading jobs impact
The recent wave of white-collar layoffs may have employees and job seekers rattled, but according to New York University Stern School of Business professor Robert Seamans, his current class of MBA students isn’t worried. “I don’t get a huge sense that they’re dreading the job market or that they think there are going to be […]
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Amazon’s new subsea internet cable Fastnet will have the capacity to stream 12.5 million HD movies simultaneously
Amazon is building a subsea fiber-optic cable called Fastnet to connect Maryland’s Eastern shore to County Cork, Ireland, in what will be the company’s first wholly-owned subsea cable project. Subsea fiber-optic communication cables carry over 95% of international data and voice traffic across the globe. These cables transmit hundreds of terabits of data per second […]
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AI is not in a bubble, says VC founder. Why he says it’s different to the dotcom boom
Whether or not markets are getting ahead of themselves over artificial intelligence is a hot topic for investors right now. Last week, billionaire investor Ray Dalio said his personal “bubble indicator” was relatively high, while Federal Reserve Chair Jerome Powell described the AI boom as “different” from the dotcom bubble. For Magnus Grimeland, founder of […]
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Gaming billionaire: Prepare for AI to ‘completely disrupt everything’ across the industry
Min-Liang Tan speaks during a conference at SXSW Sydney on October 16, 2024 in Sydney, Australia. Nina Franova | Getty Images Artificial intelligence is set to have a huge impact on the gaming industry and its billions of players, according to Min-Liang Tan, the billionaire CEO and co-founder of gaming firm Razer. From the ways […]
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As big tech pushes AI spending to the max, you may be helping to pay for it
As the tech industry’s giants race to build out AI infrastructure — Microsoft spent $34.9 billion in just one quarter while Meta plans to spend up to $72 billion this year — they may not be the only ones footing the multi-hundred-billion-dollar bill. The consumer is increasingly facing AI-soaked subscription tiers as tech firms attempt to […]
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Tech’s $380 billion splurge: This quarter’s winners and losers of the AI spending boom
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty Images Tech’s internet giants have made it through earnings season, and they offered a consistent message to Wall Street: Artificial intelligence investments are only […]
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AI and energy-focused SPAC raises $175 million and taps Nvidia, Prologis execs as advisors for deal hunt
Key Points Dynamix Corporation III has raised an upsized $175 million in an initial public offering, people familiar with the matter told CNBC. The SPAC may also opt to issue additional shares, raising a total of $201.25 million that will be used to acquire a company in the AI, energy or digital asset class sector. […]
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Alphabet stock jumps 4% after posting strong results, boosting AI spend
Alphabet stock jumped 4% Thursday after the company reported third-quarter financial results that beat across the board and increased its capital expenditures for the year. The Google parent company bumped its spending expectations on artificial intelligence infrastructure to $91-$93 billion from $85 billion the prior quarter, noting continued strong cloud demand. CEO Sundar Pichai said the […]
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Fund managers reveal their bubble recipes and what to watch for as AI stocks soar
AI is tipped to transform the economy and eventually evolve into a $4.8 trillion market, but the question on everyone’s lips right now is: is the market in a bubble? Everyone from tech CEOs to asset managers and central bankers is worried the promise of AI could quickly turn sour if it doesn’t live up […]
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ServiceNow tops estimates, approves 5-for-1 stock split
Bill McDermott, chief executive officer of ServiceNow Inc., during the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, US, on Thursday, July 10, 2025. David Paul Morris | Bloomberg | Getty Images ServiceNow reported third-quarter results on Wednesday that blew past Wall Street’s estimates, with the company also approving a five-for-one stock […]
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