Tech Brew Ride Home Thu. 01/30 – Everyone Reports Earnings But Wall Street Only Wants Capex Answers.
40 snips
Jan 30, 2025 Meta and Microsoft reveal earnings, but investors are fixated on capital expenditures. Meanwhile, Meta settles a lawsuit related to Trump. Waymo is gearing up to test autonomous vehicles in ten new cities, showcasing a major tech expansion. The podcast dives into AI's copyrightability, with insights on how the Authors Guild is differentiating human-created content from AI-generated works. Lastly, a historical segue explores the fascinating transition from sailing ships to steamships, highlighting maritime trade evolution.
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CapEx Over Earnings
- Wall Street prioritizes CapEx updates over earnings reports for tech companies like Microsoft and Meta.
- Investors seek clarity on AI monetization despite significant investments in data centers and AI integration.
Meta's Reality Labs Losses and AI Focus
- Meta's Reality Labs continues to experience significant operating losses, exceeding $60 billion since 2020.
- Zuckerberg emphasizes AI's strategic importance, pledging substantial long-term investments despite DeepSeek's emergence.
Meta Settles with Trump
- Meta settled President Trump's 2021 lawsuit for $25 million following his account suspension after January 6th.
- The settlement includes $22 million for Trump's presidential library and $3 million for legal fees.