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.
Tim Sweeney Says Many Epic Games Store Exclusivity Deals “Were Not Good Investments”
Exclusives apparently haven't moved the needle for the Epic Games Store. In fact, most haven't even been wise investments, according to Epic Games founder and CEO Tim Sweeney. What has…
AI startup Hugging Face hits $4.5 billion valuation on Microsoft and Amazon investments
Several tech giants have invested in the AI tech startup that provides a platform for sharing code and models.
Sony to Prioritize Strategic Investments in IP Going Forward
Sony Group president Hiroki Totoki has said that the company’s PlayStation division is eyeing strategic investments with an emphasis on intellectual property (IP). Yesterday, Nikkei reported that Sony is ramping…
Softbank (9984) Vision Fund lost $9.8 billion on investments in Q2 2023
Softbank (9984) shares plummet after another tough quarter for Vision Fund.