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Search results for April 12

AI & Enterprise

Wall Street takes a harder look at AI earnings as costs mount

Wall Street has begun re-examining the realities of the AI business as key assumptions behind the investment boom are being shaken, Axios reported on June 7. Investors faced four uncomfortable realities last week, including rising concern over high AI costs and returns that fall short of corporate expectations. Broadcom’s weak forecast erased $440 billion in market value in two days, and higher U.S. borrowing costs could lift infrastructure financing expenses.

Crypto

Bitcoin slides in downturn as retail investors opt for spot buying and long bets

Bitcoin slipped to around $72,000 and tested the lower end of its monthly trading range amid selling across spot, futures and spot bitcoin ETF markets, Cointelegraph reported. Some indicators, however, showed demand for dip-buying. Retail investors increased spot purchases and expanded long positions, with a retail futures metric topping 64 percent. The report cited ETF outflows, renewed U.S.-Iran military clashes, inflation worries and uncertainty over the Senate passage of the Clarity bill.

AI & Enterprise

Japan AI latecomer starts counterattack with Nvidia, SoftBank, Microsoft big tech alliance

Japanese companies are expanding cooperation with global big tech to strengthen artificial intelligence competitiveness. Station Ai is running an AI Boost Program with SoftBank and Nvidia to support five startups, offering free access to high-performance GPUs and engineering help. Microsoft plans to invest 1.6 trillion yen in Japan from 2026 to 2029. SoftBank, NEC, Honda and Sony Group will set up a joint venture to develop foundation models, while the government plans 1 trillion yen in support.