Trump’s $500 Billion AI Venture Announcement
January 22, 2025: President Donald Trump has announced a $500 billion AI infrastructure initiative, named “Stargate,”
- January 22, 2025 9:54 pm
- California
February 4, 2022: -On Wednesday, Shares of social network operators Pinterest, Snap, and Twitter declined in extended trading after Facebook owner Meta Platforms issued its fourth-quarter earnings statement that sent the stock down 22%.
Shares of Snap decreased more than 18% after hours. Pinterest moved nearly 10% lower, while Twitter was nearly 8%.
But the impact wasn’t limited to social media. The shares of Amazon, which has a growing advertising business, were down more than 3%. Amazon reports results on Thursday.
Shares of Microsoft, which has exposure to advertising, including through business social network LinkedIn, moved nearly 1% lower.
Facebook’s earnings and user numbers for the fourth quarter decreased short of expectations, and its quarterly revenue guidance range came in below consensus as well.
Microsoft CEO Satya Nadella talked up the opportunity in digital advertising in the previous week, which tells analysts that advertising revenue in the past 12 months, which includes LinkedIn, exceeded $10 billion before traffic acquisition costs.
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January 22, 2025: President Donald Trump has announced a $500 billion AI infrastructure initiative, named “Stargate,”
January 20, 2025: The United States has intensified its trade restrictions on Chinese technology companies, specifically targeting entities specializing in AI.
January 16, 2025: Canada is bracing for a potential trade conflict with the United States as President-elect Donald Trump threatens to impose a 25% tariff
January 15, 2025: SpaceX has successfully launched two lunar missions aboard a single Falcon 9 rocket
January 14, 2025: Governments worldwide are expanding green energy tax incentives, driving a surge in corporate investments in Green energy
The healthcare and pharmaceutical sectors are navigating a transformative period, with technological advancements reshaping patient care, operational efficiencies, and strategic growth.