US tech giants like Meta, Amazon, Alphabet, and Microsoft are investing nearly $800 billion in AI infrastructure in 2026, but economist Jonathan Millar warns this massive spending hasn't translated into measurable productivity gains yet. Drawing parallels to the 1980s IT boom, Millar suggests it may take years for AI investments to impact economic output due to necessary organizational changes and workforce reskilling. Meta faces cash flow strain, while Amazon, Alphabet, and Microsoft report strong growth but still face capacity and early adoption challenges. Investors should watch how quickly these companies convert AI spending into real productivity before debt and costs weigh in.
Semiconductor sector selloffs, which previously caused notable declines in the S&P 500, have lost their impact in 2026. Historically, when the semiconductor index (SOX) dropped by 3% or more, the S&P 500 averaged a 2.38% decline from 2006 to 2025. Ho...
A federal appeals court ruled that social media companies like Meta, Snap, TikTok, YouTube, and Roblox cannot use Section 230 of the Communications Act to dismiss thousands of lawsuits alleging addiction among young users. The court said Section 230 ...
OpenAI has expanded its Daybreak cybersecurity program to include two access levels: Daybreak Blue and Daybreak Red, aimed at helping partners defend against evolving cyber threats. Daybreak Blue offers access to advanced general AI models with modif...
Meta introduced Muse Glimmer, a 30-billion parameter open-weight AI model designed to run locally on consumer hardware like Macs or PCs with a single GPU. It supports multi-step tasks such as coding, file management, and scheduling, all while priorit...
Meta CEO Mark Zuckerberg outlined a vision for artificial intelligence focused on empowering individuals rather than replacing workers. In a detailed essay, he emphasized making advanced AI widely accessible to foster entrepreneurship, scientific res...
