Tech Giants Invest Billions Of 'FOMO' Dollars📱DOYU NXE 📈 RUM CLSK 📉

FlowBank's hand-curated fresh financial news [header_noDither] Tech Giants' AI Investment Surge Tech heavyweights are channeling billions into AI startups, fueled by the fear of missing out on the generative AI wave. Amazon's record $2.75 billion investment in Anthropic highlights the trend. Investments in AI startups soared to $29.1 billion in 2023, reflecting a strategic push to secure a foothold in the booming AI market, expected to exceed $1 trillion in revenue within a decade. This surge in spending, partly motivated by the expensive nature of AI development, showcases tech giants' drive to integrate AI into their product ecosystems and their adaptability in forming strategic alliances amidst increasing regulatory scrutiny on acquisitions. WHAT'S MOVING [Group 1742 (58)-1] [Start Trading](113/cXx8Z04/VXdyw45lkHBqW1_B0XY5-5F3NW4CCSrm5cp7gzMcSJRv2-ZVTW6N1vHY6lZ3p5VnWHsc5x80S9W6z3Qp-3jg8G6W1kmb9c2QMlV6W2nWyhK1w04WtN8KV6Tj7z63KVJ_q_f5XrqwvW14JY5G2_PmSPW85VZzd3vlsLSW8QSLM_4jLQ7DW3zlqKQ3944j2W6jxwmp2PbzzpW8sMhff62PRTWW8ZXcBr4Q_53WW5wJLp956-MXGW2ZgFVm4l2nwsW3Hl7QW4wRsrsW81-1R45cSRSdW5hqSHX6XktwsW7VLY434Yg0BbW35Wn7D997TMWW1ng37r4dk8CCW3NT8LG5GRFgsf1qMq9204) [Group 1754 (7)] Tesla Tesla's shares dropped 29% in Q1 2024, marking its worst quarter since 2022, as it grapples with increasing competition and expects a subdued delivery report. [Group 3 (57)-2] AT&T AT&T investigates a leak affecting 7.6 million current and 65.4 million former customers' data published on the dark web, with the breach dating back to 2019 or earlier. [Group 1753 (7)] Microsoft Microsoft announces global separation of Teams from Office suite to comply with antitrust scrutiny, expanding a move initially made in Europe to avoid EU fines. WHAT'S COMING UP? EUR: German CPI (MoM) (Mar): Exp. 0.5% v Prev. 0.4% USD: JOLTs Job Openings (Feb): Exp. 8.760M v Prev. 8.863M IN OTHER NEWS Wall Street Stock futures declined Tuesday morning following a decrease in the S&P 500 and the Dow Jones Industrial Average at the start of April. The Dow dropped almost 241 points or 0.6%, and the S&P 500 decreased by 0.2%, whereas the Nasdaq Composite slightly rose by 0.1% to close Monday's session. [Group 1769] Asia-Pacific Hong Kong stocks outperformed in the Asia-Pacific region, driven by a nearly 15% surge in Xiaomi shares following the launch of its electric vehicle. The Hang Seng index rose 2.15% after a long weekend, as investors also digested new economic data from South Korea and Australia. MARKET INSIGHTS 9 Coolest Luxury and Sports Car Stocks | 2024 A lot has been said about the rise of EV car companies like Tesla but are some of the traditionally cool car brands worth an investment? 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