AI spending frenzy could reshape the economy, Bridgewater CIOs say
Jan 26 (Reuters) – Spending on artificial intelligence by large corporations will continue to grow exponentially and reshape…
‘Big Short’ investor Michael Burry sends another AI bubble warning, this time using a ‘Lord of the Rings’ meme
Michael BurryJim Spellman/WireImage Michael Burry of “The Big Short” fame issued a fresh warning about the AI boom…
Reeves’ Latest Reversal Leaves Britain Exposed to Next Crisis
Rachel Reeves has boxed herself into a corner and left the UK government exposed to future fiscal shocks,…
CoreWeave Faces Earnings Pressure as Cracks Appear in AI Trade
After last week’s selloff, this is a tough time to be raising the issue of spending on artificial…
Caterpillar to Double Gas Turbine Capacity to Feed AI Boom
Caterpillar Inc. plans to more than double its capacity of gas turbines to tap into soaring demand for…
Samsung’s Chip Profit Soars After AI Fuels Demand for Memory
Samsung Electronics Co.’s semiconductor arm reported a bigger-than-expected 80% surge in profit, suggesting global AI demand is helping…
IMF Chief Says Canada Has Fiscal Room to Boost Capital Spending
The head of the International Monetary Fund says Canada has the fiscal room to make productivity-boosting investments, and…