Tag: AI Spending
Ramp’s card data says the AI spending boom has plateaued
Companies are running more tokens than ever while paying almost nothing extra for them, and that is bad…
Three hyperscalers burned cash while paying for AI
Meta, Amazon and Alphabet all posted negative free cash flow in the same quarter.
Microsoft offers buyouts to 60,000 staff as AI spending bites
Roughly 27 percent of Microsoft's workforce is eligible to leave with a package before year end in the…
Meta seeks $95 billion as share sale funds four superclusters
Meta will raise $35B in public equity and another $60B through an at-the-market program, with Nvidia, AMD and…
Nvidia backstops face a credit test as neocloud shares slide
Three portfolio cloud providers are down at least 30 percent this month while insurance against their default gets…
Apollo economist finds no profit lift outside the big tech names
Torsten Slok says revenue per worker and margins have stalled across the 493 companies that are not tech…
Corporate AI spend tilts back toward OpenAI, Ramp finds
Payment card transactions across 70,000 firms show OpenAI growing fastest in Q3 even as Anthropic keeps the overall…
Meta’s $83.5 Billion Reality Labs Hole Shows It Still Can’t Quit Its Metaverse Addiction
Despite posting $26.8 billion in net income, Meta's $4 billion quarterly loss on Reality Labs has become a…