Meta Platforms will double capital spending to as much as $135 billion this year, an all-in bet on artificial intelligence as the US tech giants battle it out for supremacy in the next wave of technological advancements.
Tesla will spend $20 billion this year on pursuits including AI, self-driving vehicles and robotics – almost double Wall Street estimates — and plow another $2 billion into Chief Executive Officer Elon Musk’s xAI startup. Musk also said Tesla needs to build its own semiconductor factory.
Today’s guests: Kim Crawford, JPMorgan Asset Management, Global Rates Portfolio Manager; Giulia Pellegrini, Allianz Global Investors, Emerging Markets Portfolio Manager; Tiina Lee, Citi, UK CEO; Liam Fox, Former UK International Trade Minister and Former UK Defence Minister.
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:00:26 – Fed holds rates with Waller, Miran disenting
00:01:10 – Market roundtable: JPMorgan AM’s Kim Crawford & Allianz Global Investors’s Giulia Pellegrini
00:13:31 – Deutsche Bank authorizes EU1 billion share buyback
00:15:50 – Conflicting earnings for Meta and Microsoft
00:19:03 – Tesla plans $20 billion AI % robotics spending
00:23:23 – Thursday headlines
00:24:23 – Tiina Lee, Citi UK CEO
00:33:46 – Fed signals cautious approach to next moves
00:36:49 – Fed holds rates, Waller & Miran dissent
00:38:16 – China’s Xi urges UK’s Starmer to rise above differences
00:38:40 – Liam Fox, Former UK International Trade Minister & Defence Minister
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