Wall Street: Spend! (But Not Too Much…)

This week, big tech earnings reveal mixed signals from Wall Street about AI spending, with a spotlight on Meta's struggles after a hefty tax charge. OpenAI announces exciting updates to its Sora platform, including new character features and video stitching capabilities. There's buzz around OpenAI's potential IPO plans, targeting a massive valuation. Meanwhile, AI agents face a reality check, showing poor performance in freelance tasks, proving they're not quite ready for prime time yet. Investors are holding their breath as the AI landscape evolves rapidly.