Thu. 08/01 – Now Meta’s AI Spending Is Fine?
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So I guess Zuck has convinced Wall Street that all the capex spending on AI is fine. How good a business is Tether? A gooooood business. The first arrival of Apple Intelligence is sort of a ho-hum for now. And how sports is completely transforming the streaming wars battlefield.

Links:

• Meta’s Lesson in Allaying Wall Street’s A.I. Fears) (Dealbook/NYT)
• Meta’s AI Costs Surge as Digital Advertising Revenue Grows) (WSJ)
• Reddit CEO says Microsoft needs to pay to search the site) (The Verge)
• Tether Nets $5B Profits This Year, Says Its US Debt Holdings Surpassed Germany's) (CoinDesk)
• A first look at Apple Intelligence and its (slightly) smarter Siri) (The Verge)
• Disney, Fox and Warner Bros. Discovery’s Sports Streamer Venu to Launch at $42.99 per Month) (Variety)
• How the NBA’s Slam-Dunk Deals Will Reshape TV) (The Hollywood Reporter)

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