Connect with us

Entertainment

AI bubble watch: Spooked market sparks $1 trillion Friday tech sell-off

Are investors already getting weary of tech’s golden goose, artificial intelligence?

On Friday, tech stocks took a hit on Wall Street, and the underlying cause seems to be alarm over record AI infrastructure spending. Microsoft, Amazon, Alphabet, Nvidia, Amazon, Meta, and Oracle were among just some of the companies whose falling shares accounted for $1 trillion in losses from Big Tech stocks, as CNBC reported.

Big tech companies like Amazon and Google have been furiously ramping up capital expenditures to build AI data centers and shifting focus to AI products and services. 

The immediate spark for the Friday sell-off was the Amazon fourth-quarter earnings report. The e-commerce giant projected that its capital expenditures would reach $200 billion in 2026. CNBC reported that Amazon’s Capex figure was $50 billion higher than expected, and the stock market reacted accordingly.

Speaking to CNBC, GAM Investments’ investment director Paul Markham explained why AI would affect these companies on the stock market.

“Questions over the extent of capex [capital expenditures] as a result of LLM build-outs, the eventual return on that, and the fear of eventual over-expansion of capacity will be persistent,” Markham told CNBC.

However, the cold feet from investors regarding AI seems to be a fairly recent development, at least when it comes to stock market results. Just a few weeks ago, Facebook and Instagram owner Meta announced it planned to allocate an additional 73 percent of its capital spending, or roughly $115 billion to $135 billion, to AI development. Unlike the recent Amazon announcement, Meta’s stock went up 10 percent on this news.

There are also reasons to be skeptical of an AI bubble, however.

Also on Friday, NVIDIA CEO Jensen Huang insisted that massive increases in capital expenditures are “justified,” as the tech leader told CNBC’s “Halftime Report” hosts. After making these comments, CNBC reported that NVIDIA shares rose 8 percent.

NVIDIA is often seen as a bellwether for a possible AI bubble, as the company sells the chips used by AI companies like OpenAI, Meta, and Google. At Davos, Huang said that the massive investment in AI seemingly proves it’s not a bubble. NVIDIA would be a massive loser if AI did prove to be a bubble, of course.

Still, there were signs that Amazon’s stock was rebounding slightly after Huang’s comments.

source

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Entertainment

Score up to 64% off at EcoFlow and snag free solar panels with your purchase.

SAVE 64%: Between May 6 and May 17, you can score up to 64% off at EcoFlow and snag free solar panels with your purchase.


Get up to 64% off plus a free solar panel with purchase

I live in an apartment, so I don’t exactly have a “whole home” to back up. But if there’s one thing I hate, it’s losing power. There goes the AC, the internet, the food in the fridge — it’s a total nightmare. If you actually own a house and have been putting off buying a backup power system because it’s pricey, I have some good news.

Right now, EcoFlow is running a Mother’s Day Sale through May 17 with discounts as high as 64%. They’re also throwing in free hardware to sweeten the deal: All single orders between $600 and $3,000 come with a free 45W solar panel, and orders over $3,000 come with two free 160W solar panels. If you’re looking for something more portable, their RAPID Power Banks are also up to 53% off right now.

Just keep an eye on the countdown clock — it’s for the Flash Sale items that have even better, limited-time price cuts. If you miss the flash window, the standard Mother’s Day and Home Improvement deals (including a $700 installation discount for larger systems) are still valid through mid-May.

Here are a few of the best deals I’ve spotted so far:

source

Continue Reading

Entertainment

Maddies Secret trailer reveals John Early as youve never seen him before

Comedian John Early makes his feature directorial debut with Maddie’s Secret, an offbeat homage to melodrama that he wrote and headlines as its eponymous heroine.

As an aspiring food influencer, Maddie Ralph (Early) is passionate about her cuisine. And at first glance, she’s got a picture-perfect life: a loving husband (Eric Rahill), a devoted best friend (Kate Berlant), and a job at a culinary content studio called Gourmaybe. But as the title suggests, there’s a side to Maddie she can’t stomach sharing with her loved ones. And this secret could kill her.

Out of the movie’s premiere at the Toronto International Film Festival last fall, I cheered Maddie’s Secret, writing in my review for Mashable, “The film is silly and strange, but even amid campy bits, sincere. So, you’ll laugh at its parody elements, but may well be genuinely moved by Early’s commitment to this strange and splendid film.”

I also said “John Early is a better ingénue than Sydney Sweeney,” comparing Maddie’s Secret to another earnest (but less entertaining) TIFF offering, Christy. And I stand by it.

Maddie’s Secret opens in theaters in New York on June 19, and in Los Angeles on June 26.

source

Continue Reading

Entertainment

Pride is almost here! Check out the best dating apps for LGBTQ women.

We know Pride is all year round, but there is something special about the month of June. We’re not there quite yet, but if you want a main squeeze for all the parades and parties, you gotta start looking now. How about on a dating app?

As a lesbian, you probably know all about them. Lesbian Americans (along with bisexual and gay Americans) are far more likely to have ever used dating apps than straight Americans: 51 percent to 28 percent, according to the Pew Research Center.

There are a few reasons why LGBTQ people might turn to online dating more quickly than straight folks. For one, you might live in an area without a thriving LGBTQ community, and in-person dating may be hard. If you don’t know other lesbians to begin with, how can you meet more IRL to date? (Sometimes, lesbian spaces can also be co-opted by The Straights.) Unfortunately, in-person dating may also be less safe, depending on where you live. 

Hookup apps for everyone


AdultFriendFinder


readers’ pick for casual connections


Tinder


top pick for finding hookups


Hinge


popular choice for regular meetups

Thankfully, we live in a time where we can find people like us with a few swipes. Lesbians are welcome on major dating apps, and there are also niche ones specifically for lesbians and other queer women and people. But which one to choose?

How to find the best dating apps for lesbians

illustration of woman giving flowers to another woman

Niche lesbian dating apps aren’t your only option for finding love.
Credit: Stacey Zhu / Mashable

In Mashable’s recommendations below, you’ll find both general dating apps and apps specifically for queer people. As the former appeals to the general population, you’ll find more users in these spaces. The caveat, however, is that when you swipe on other women, you might find those coupled with men who are looking for another woman to have a threesome with (aka unicorn hunters). No judgment here, but that’s probably not what you’re looking for. Then again, people of all types are on dating apps like Tinder and Hinge. You never know who you may come across.

Then there are apps specifically for the community, like HER and Lex. If you yearn for a smaller dating scene, head for these apps. While there’s no “Grindr for lesbians” — we go into why in the FAQ section — these apps are more so like stepping into your neighborhood lesbian bar than an app like Bumble. 

You can also try multiple dating apps, as each one below has a free version. You can filter by the gender you identify with and are looking for, and sometimes, as with OkCupid, there are many options to choose from.

Diving into the dating pool isn’t easy, but the water’s fine. Check out our guide below for the full rundown of our recommendations and dating app reviews.

source

Continue Reading