The Fed’s Ongoing Commitment to Secular Acceleration
The Fed’s Optimistic Shift on the U.S. Economy While many Americans remain quite skeptical about the state of the economy, the Federal Reserve has, quite interestingly, grown more optimistic. This shift is evident in the officials’ forecasts, which project faster growth and lower unemployment rates. Interestingly, they also expect that a stronger economy will function […]
Meta warns of ‘significant acceleration’ in costs tied to AI after strong Q3
Facebook owner Metaplatforms on Wednesday beat analysts' expectations for third-quarter revenue and profit, but warned that infrastructure spending related to artificial intelligence would “accelerate significantly.” The results sent mixed signals to investors about whether digital ad sales from Meta's core social media business will continue to cover the costs of building AI at scale. Shares […]