1/24/25

Nice: Meta's capex this year will be bigger than the market caps of 69% of the S&P 500

Meta CEO Mark Zuckerberg said the company is planning to build a truly massive data center to furnish its AI ambitions — and it’s going to cost a pretty penny. He estimates that the social media company’s capital expenditures will rise to $60 billion or $65 billion this year. That’s about 70% higher than analyst estimates for 2024’s full-year capex, which itself was a 40% jump from a year earlier. It’s also more than what Meta, Amazon, Alphabet, and Microsoft spent combined last quarter.

It’s also a bigger number than the market caps of 343 companies in the S&P 500. (Yes, we did the math. Yes, it’s really 69%.)

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Jon Keegan

Here’s how people are are actually using ChatGPT

The new report released in collaboration with the National Bureau of Economic Research, offers one of the largest surveys of real-world AI chatbot use.

OpenAI ChatGPT-5 introduction displayed on smartphone screen

Millie Giles

SEARCH AND DESTROY

Google faces its first big lawsuit for AI summaries, from one of many media companies it’s eclipsing

With most of America’s major news sites seeing large drops in readership, even the tech giant itself admits the web is in “rapid decline.”

Rani Molla

Google joins Apple, Microsoft, and Nvidia with a $3 trillion-plus valuation

Today, Google became the fourth company to surpass a $3 trillion market cap, joining the likes of Nvidia, Microsoft, and Apple. Google’s shares were up 4% in early trading, pushing the company over the $3 trillion milestone. The stock has been on a tear following a federal court ruling earlier this month that avoided some of the worst-case antitrust scenarios regarding its search monopoly, including breaking up the company. And earlier today Citigroup raised its Google price target to $280 from $225, citing “an accelerated product development cycle that is beginning to emerge with greater Gemini adoption across both its Ads and Cloud businesses.”

Apple is packing a growing number of self-built custom chips into its gadgets

Fifteen years ago, Apple started on a journey to build its own custom chips. Today, more and more core functions are running on Apple silicon.

Jon Keegan6h

Tesla turns positive for the year

Tesla shares surged Monday after CEO Elon Musk disclosed buying more than $1 billion worth.

Rani Molla6h

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