Facebook (META) increases 2025 capital expenditure outlook on additional data center investments
META reported capital expenditures of $13.69 billion for its Q1 2025 earnings. This number is set to increase as it invests to support its AI efforts.
World of Warcraft’s Next Major Patch Will Finally Visit the Legendary Goblin Capital, Undermine
World of Warcraft is gearing up for its next major patch coming early next year, which will send players to a location that’s been talked about in the game for…
Facebook (META) increases 2024 capital expenditure forecast to reflect increased AI spending
Meta is planning to crank up its AI spending in 2024.
Crypto giant Silvergate Capital is shutting down operations and liquidating its bank
Silvergate Bank will wind down operations and be voluntarily liquidated. Its Silvergate Exchange Network payment platform was already suspended.
Rivian (RIVN) stock falls on news of $1.3 billion capital raise
The company plans to sell convertible notes as a way to help raise money for the launch of its R2 vehicles.
Expert expects 2023 will see a rise in ‘zombie’ venture capital firms as tech valuations fall
Some say that venture capital firms could soon be facing a rough stretch.