Google expects to spend $75 billion this year on the AI race Google parent company Alphabet expects to invest “approximately $75 billion” in capital expenditures in 2025, according to a statement from CEO Sundar Pichai in Alphabet’s Q4 2024 earnings release. Capital expenditures have become a hot topic as of late as big tech companies race to build infrastructure to support their growing AI ambitions, and…

Stripe closes $1.1 billion Bridge deal, prepares for aggressive stablecoin push Stripe has closed its acquisition of Bridge Network, and executives are gearing up to make a big splash in the growing stablecoin market.

Alphabet expects to invest about $75 billion in capex in 2025 Alphabet CEO Sundar Pichai said the company plans to invest about $75 billion in capital expenditures in 2025 as it continues to innovate.

Boeing Starliner Lost $2 Billion But The Spacecraft Isn’t Dead Yet With two astronauts still stranded on the International Space Station, no one would categorize the Boeing Starliner’s 2024 crewed test flight as a success. Boeing has now lost $2 billion on Starliner after the aerospace giant announced a $523 million loss across last year on the spacecraft program on Monday. However,… Read more…

‘Squid Game’ Crosses 4 Billion Minutes Watched for the Second Week in a Row, Tying a ‘Wednesday’ Nielsen Record submitted by /u/NoCulture3505

Intel reveals foundries lost $13 billion last year, hints at what’s next Last quarter, amid turmoil and restructuring, chipmaker Intel announced one of the largest corporate quarterly losses of all time — $16.6 billion, ten times worse than its $1.6B loss the quarter before. But in today’s Q4 2024 and full-year earnings release, Intel’s not hurting as badly: the company just announced a mere $126 million quarterly

System of a Down’s “Toxicity” Music Video Hits 1 Billion Views on YouTube submitted by /u/ebradio

Bring A Trailer Sold $1.5 Billion Worth Of Cars Last Year Automotive auction platform Bring A Trailer has surpassed one billion dollars in sales for three consecutive years, and 2024 marks the site’s biggest sales year ever with over $1.5 billion worth of units moved, and I was one of them. Not only has the average transaction price gone up on the site, but the site is seeing… Read more…

SoftBank in Talks to Invest Up to $25 Billion in OpenAI A new investment from the Japanese conglomerate would be separate from the $100 billion tied to a project announced at the White House last week.

Meta’s Reality Labs posts $5 billion loss in fourth quarter Meta’s Reality Labs unit recorded an operating loss of $4.97 billion while generating $1.1 billion in sales during the fourth quarter.

KTM Is $2.3 Billion, Possibly More, In The Hole KTM is in dire financial straits right now. The company is billions of dollars in debt with an expensive race program chewing through funds and hundreds of thousands of unsold bikes piled up without buyers. This is what’s known in the business world as “bad,” but it’s been unclear up to this point just how bad. Now,… Read more…

The $8 Billion Children’s Vaccine Fund R.F.K. Jr. Would Oversee If confirmed by the Senate to be the nation’s health secretary, Robert F. Kennedy Jr. would have vast powers over immunization policies for children and adults.

SoftBank-backed TravelPerk doubles valuation to $2.7 billion, plans fintech push Corporate travel platform TravelPerk raised $200 million from investors including Atomico and EQT in a funding round valuing the startup at $2.7 billion.

Inside the $32 Billion Industry Transforming Marijuana Inside the $32 billion industry transforming marijuana, its consumption and beliefs about its ability to heal.

Kanye West claims he’s worth $2.77 billion — Forbes begs to differ submitted by /u/theindependentonline

Zuckerberg sets Meta’s AI targets for the year, expects to spend $60 billion on growth Meta CEO Mark Zuckerberg announced the company plans to invest around $60 billion to $65 billion in capital expenditures this year

Meta to Increase Spending to $65 Billion This Year in A.I. Push Much of the capital investment, a big jump from 2024, will fund expansion of Meta’s data centers, which provide the computing power needed by A.I. products and algorithms.

Saudi Arabia Says It Will Increase U.S. Trade and Investment by $600 Billion Crown Prince Mohammed bin Salman spoke with President Trump, who has warned of retaliation against governments he sees as acting against U.S. interests.

Real Madrid post record revenue over $1 billion Real Madrid have become the first club to record over €1 billion in annual revenue in the Deloitte Football Money League, the consulting firm said on Thursday.

Elon Musk Casts Doubt on Trump’s $100 Billion Stargate A.I. Announcement Mr. Trump had claimed the A.I. announcement as an early trophy, taking credit for the companies’ decision to spend up to $500 billion building data centers.