BlackRock is making a major bet on Britain’s data center market, committing hundreds of millions of dollars to a venture that will target underused facilities as demand for AI infrastructure accelerates. The world’s largest asset manager plans to invest as much as £500 million ($678 million) in a new venture called Digital Gravity Partners, reports Bloomberg. The move comes as BlackRock chief executive Larry Fink prepares to join US President Donald Trump on a state visit to the UK, where billions in cross-border investments are expected to be unveiled. The project starts with a site in west London, run with…
Author: CapitalAI Daily Team
One of Wall Street’s longest-standing value investors is lightening its positions in Oracle (ORCL) after the stock hit a new all-time high last week at $345. In a new CNBC interview, Charles Bobrinskoy, Ariel Investments’ vice chairman and head of investment group, says Oracle’s rapid rise has outpaced its fundamentals. The firm had identified the company as its favorite value tech stock years earlier when it traded at a fraction of today’s price. “We’re value investors at Ariel. And we try and buy things when they’re out of favor and sell them when they’re in favor. And Oracle has gone…
Google DeepMind chief Demis Hassabis says concerns over artificial intelligence’s energy use must be weighed against the long-term benefits the technology could deliver in climate and grid efficiency. Speaking at the All-In Summit, Hassabis says his team is focused on making models both powerful and efficient because Google must serve billions of users every day at low cost and speed. He notes that techniques like distillation, where large models train smaller ones to mimic their performance, have already delivered big leaps. “Over time, if you look at the progress of the last two years, the model efficiencies are like 10x,…
Advanced Micro Devices (AMD) chief executive Lisa Su says the AI chip market is on track to explode in size, with demand already reshaping her company’s business. In a Fox Business interview, Su says AI is the most important technology of the era, placing it at the center of AMD’s long-term strategy. “AI is in incredible time right now. I’d like to say it’s the most transformational technology that we’ve seen in our lifetime. And we’re really at the very early stages of it.” She says her business is in a solid position to witness growth amid surging demand for…
Banking titan JPMorgan Chase says artificial intelligence could deliver annual productivity gains large enough to offset the US government’s budget shortfall. In its Navigating the Future report, the largest bank in the US projects AI’s contributions to labor productivity will “conservatively” boost US GDP by an average of $1.9 trillion per year. It compares AI’s potential trajectory to past industrial revolutions. Steam engines lifted productivity growth by 30% in 61 years. Electricity boosted output by 31% within 32 years. PCs and the internet raised productivity by 13% in 15 years. JPMorgan says “AI has the potential to drive productivity growth…
Visa warns that fraudsters are now using artificial intelligence (AI) to make scams more subtle, sophisticated, and effective. In a new interview with PYMNTS, Dustin White, vice president of risk products and solutions at Visa DPS, says fraudsters are launching new forms of attack to engage victims well before any transaction. According to White, scammers use AI-powered tools to harvest data about their targets before launching personalized attacks using text, emails, and other forms of digital content, while discovering other methods of compromise. “Fraudster tactics to compromise funds start well before the transaction occurs.” The Visa executive also warns that the fraudsters…
Goldman Sachs is striking a bullish tone on technology stocks as investors weigh whether the artificial intelligence boom can sustain its momentum into year-end. Speaking at the Goldman Sachs Communicopia and Technology Conference, Peter Callahan, Goldman’s US technology, media, and telecommunications sector specialist, says optimism across indices and enterprise spending remains high despite months of volatility. “I mean, it’s upbeat, right? Indices, tech indices broadly at the highs. We’ve climbed a lot of wall of worries over the last four or five months. I’m thinking things like tariffs. I’m thinking things about the sustainability of AI investment. And so as…
Shares of the electric vehicle manufacturer Tesla (TSLA) popped at the end of the trading week to conclude a multi-month consolidation. TSLA closed the trading day at $395.94, up 7% on the day and about 12% on the week, hitting a price level last witnessed in January 2025. The stock surge comes amid a proposal for the EV giant to invest in the artificial intelligence firm xAI. In a new Bloomberg interview, Tesla chair Robyn Denholm says the board would not issue a recommendation on the proposal, leaving the decision to investors. “The xAI proposal is a shareholder proposal that…
An AI-driven investment manager is naming three technology giants it says are best positioned to benefit from the artificial intelligence boom. In a new Squawk Box interview, Doug Clinton, Intelligent Alpha founder and CEO, believes the AI trade still has momentum amid the massive capital expenditure (CapEx) spending spree. “Oracle, I can say this. They are a stock to watch. They’ve had a great year so far, up 90% now year to date. And I think there’s a bigger thing that’s going on as we think about what happened with their earnings, why the stock was up so much this…
Fundstrat’s Tom Lee says the artificial intelligence trade remains undervalued even after a string of rallies, and he believes another corner of the market could offer even greater upside. In a new CNBC interview, the investor points to Oracle’s surge after earnings as proof that investors continue to underestimate the AI theme. He ties the stock’s move to a shift in how markets are valuing long-term demand for cloud and data services. “Oracle surging 41% after they report earnings tells me that AI is an undervalued sector, because how else do you explain a stock that is as large as…