Meta's stock stumbled after revealing it will spend up to $137.5 billion on AI this year, with analysts forecasting that number could double next year. The spending spree is projected to push the company into negative cash flow for the first time since its 2012 IPO.
The tape WSJ Tech News Briefing · Jul 31
“Next year, analysts are forecasting the consensus is around $174 billion dollars, but some of the analysts believe they're going to spend upwards of $200 billion dollars, maybe even as much as $280 billion dollars.”
Apple shares took a historic tumble, erasing nearly half a trillion dollars in market value after the iPhone maker's latest forecasts disappointed investors. The drop is on pace to be the company's biggest one-day market cap decline ever.
The a16z Show · Marc Andreessen and Chris Dixon: What’s at Stake in Crypto RegulationAug 1
Venture capitalists Marc Andreessen and Chris Dixon are calling for swift passage of the Clarity Act, arguing the "once in a generation market structure legislation" is crucial to determine "where the future of the financial system and internet get built."