Anonymous ID: da7b94 Feb. 10, 2025, 9:53 p.m. No.22558484   🗄️.is 🔗kun   >>8598 >>8633

Billionaire Estee Lauder Heir Set To Fetch $180 Million for Oceanfront Palm Beach Plot in Record-Breaking Deal

 

The heir to the Estée Lauder fortune could soon add $178 million to his estimated $1.8 billion fortune when he sells an oceanfront plot in Palm Beach, FL, for what is expected to be a record-breaking sum.

 

William Lauder, 64, is the grandson of beauty brand founders Estée and Joseph Lauder, and served as the executive chairman of Estée Lauder Cos. until October 2024.

 

After stepping down from the day-to-day running of the company, William Lauder is now turning his attention to other lucrative endeavors—namely the sale of an expansive plot of oceanfront land in Florida, which was once the site of two expansive homes.

 

According to data records, Lauder purchased the 1-acre property for $25.4 million in 2020. A year later, he forked over an undisclosed sum for the second property, which spans 1.8 acres.

 

Both plots were occupied by homes, which Lauder razed before putting the vacant lot on the market for $200 million in 2023. He later lowered the price to $177.8 million.

 

Now, he has managed to “strike a deal” to sell the land for $178 million, according to the Wall Street Journal. If it goes through, it would set a new sale record for Palm Beach. The honor was previously held by car dealership owner Michael Catanucci, who bought a 1.6-acre plot in the area for around $170 million in 2023.

 

It is unclear who the buyer is. However, the listing agent is none other than reality TV star and broker Ryan Serhant, according to Bravo TV.

 

The outlet claimed that Serhant shared a message about the pricey sale, writing: “Sold and closed the most expensive home of my entire career today for just under $200 [million].

 

“And I did the deal over the phone. Wire hit while I was in the air to visit [Serhant Miami] to launch our sales center for Mercedes. … Everyone was clapping, even the pilots. What. Is. Life.”

 

Fully built properties in the Palm Beach area are currently on the market for a range of $1 million to $99 million.

 

Lauder boasts an impressive property portfolio, including lavish homes across the country.

 

Not long after putting his oceanfront land on the market in 2023, he spent a jaw-dropping $155 million on a home that was previously owned by conservative TV host Rush Limbaugh.

 

The property, which was put on the market by Limbaugh’s widow, Kathryn, is also located in Palm Beach—and was owned by the political commentator for more than 20 years before his death in 2021.

 

Then there are Lauder’s properties in New York.

 

In 2008, he purchased a gorgeous six-bedroom, six-bathroom property in the Big Apple for $27.5 million.

 

The top-floor abode measures 5,500 square feet and features five bedrooms, five bathrooms, and two powder rooms.

 

In 2019, Lauder listed the property for $45 million. He reduced the price to $39 million before removing the listing in 2021.

 

He also holds the keys to another Big Apple property, which he purchased for $23.5 million in 2017.

 

That residence boasts high ceilings, herringbone-patterned floors, three wood-burning fireplaces, and views of Central Park.

 

https://www.realtor.com/news/unique-homes/billionaire-william-lauder-178-million-land-palm-beach-florida/

Anonymous ID: da7b94 Feb. 10, 2025, 9:55 p.m. No.22558494   🗄️.is 🔗kun   >>8547 >>8558 >>8598 >>8633

'Real-life Iron Man' strikes deal with the military to use his futuristic JET SUIT - allowing soldiers to soar over warzones at more than 85mph

 

He's gained a reputation as the 'real-life Iron Man', thanks to his futuristic jet suit.

 

Now British engineer, Richard Browning, is on a mission to bring jet packs to the military.

 

His futuristic jet suit uses five gas turbines to reach heights of up to 20 feet (six metres) at impressive speeds of up to 85 mph.

 

He's struck a deal with two western allies to equip militaries with the gizmo, allowing armed commandos to soar over warzones and land on enemy ships.

 

Troops will be able to board hostile ships in the style of James Bond, without having to descend on ropes from a helicopter or climb on a ladder from another vessel.

 

'We do something that looks like it should be in a Marvel film and it does look spectacular, but actually it's now a serious international business,' Browning told the Times.

 

'We are in the process of signing several deals with two western allies, in particular for marine mobility, enabling special forces to rapidly secure maritime targets.'

 

Marvel fans who fancy taking to the skies can try the jet suit at Goodwood Estate in West Sussex or in California – although the experience costs a whopping £6,600 ($8,200).

 

Already, British Royal Navy marines used the jet packs to jump from boat to boat in the English Channel to prepare for future boarding operations.

 

Astonishing video shows marines taking off from a rig fixed on to a small boat behind HMS Tamar and flying on to its deck.

 

Mr Browning founded Gravity Industries in March 2017 with the mission of augmenting the human body with enough technology to be able to fly.

 

Less than a decade later, Gravity Industries has flown the jet suit at more than 300 events in 50 different countries, including Vietnam at the end of last year.

 

Mr Browning said: 'The Jet Suit produces up to 144kg of thrust; the thrust to weight ratio works out to be greater than any known Jet Fighter we are aware of.'

 

The futuristic contraption is fitted with five downward-facing turbine engines that produce hot exhaust gases, the company explains.

 

As the burning gases expand and blast out through the nozzle down towards the ground, the pilot is thrust upwards.

 

Because most of the engines are positioned at the end of the user's hands, it's simply a case of moving the arms to be able to fly in the desired direction.

 

It takes off vertically, much like the suit in the James Bond film Thunderball, while a display screen inside the helmet gives updates on fuel consumption.

 

Aside from its military applications and allowing members of the public to fly, the suit has potential for mountain rescue charities and emergency response scenarios.

 

Eventually, in dangerous situations such as wildfire or remote mountainsides, professional staff wearing the pack could potentially perform life-threatening rescues.

 

In 2022, a paramedic wearing the suit flew up a hill in winds of over 30 miles per hour and heavy rain as part of a successful proof of concept.

 

'The medic response stuff we don't see as a profit centre,' Browning – a Royal Marines reservist for six years and Cardiff University graduate – told the Times.

 

'But it is still incredibly important to us and we have plans to launch a separate charity to scale this life-saving capability.'

 

Gravity Industries, which employs 25 people, recently raised $10 million in funding after being valued at $72 million (£58 million) – up from $36 million (£29 million) two years ago.

 

The company was recognized by Guinness World Record for the fastest flight in a body-controlled jet suit in November 2019 at 85 mph (135 kmph).

 

At the time, Browning powered the contraption 1,640ft along the length of Brighton Pier in challenging weather conditions with sparks in his wake.

 

More recently, Browning flew the device at Army People Conference in Farnborough to demonstrate its potential for application by British soldiers.

 

The adventurer took off and landed both on the hood of a nearby jeep and the cabin roof of a truck before flying to a balcony filled with army onlookers.

 

And as part of a promo with Domino's in summer 2023, pizzas were flown in to the Glastonbury Festival site.

 

An early version of the flight pack was dubbed Daedalus after the father of Icarus – the pair in Greek mythology who flew with wings made from feathers and wax – although the name is no longer used on the company's website.

 

According to the legendary tale, Icarus died when he flew too close to the sun and the wax holding the feathers together melted.

 

https://www.dailymail.co.uk/sciencetech/article-14380317/iron-man-jet-suit-military-soldiers.html

Anonymous ID: da7b94 Feb. 10, 2025, 9:56 p.m. No.22558507   🗄️.is 🔗kun   >>8558 >>8598 >>8633

Wyoming newspaper tips off Illegals to ICE raid

 

A local newspaper announced an immigration arrest operation while it was ongoing Friday in Jackson Hole using information from a local sheriff, prompting some to criticize both entities over safety and security concerns.

 

The Jackson Hole News & Guide reported Friday that U.S. Immigration and Customs Enforcement (ICE) officials were active in the area that day, trying to execute 17 warrants on specific people in Teton County.

 

Spanish-language instructions on how to read the story in Spanish preceded the body of the online story.

 

The news about ICE was “according to Teton County Sheriff Matt Carr, who spoke with the News&Guide before noon Friday,” the outlet wrote, adding that Carr said ICE was still in the community at that time, but that he did not want to assist or impede it.

 

Though the story leads with Carr as its primary source, the sheriff told Cowboy State Daily on Monday that the Guide called him, and he merely confirmed to the outlet what others had told its reporters about the operation, which was becoming visible in the community.

 

Carr said he also wanted to give community members clarity about the “targeted” nature of the operation.

 

“I just confirmed (the information),” said Carr, adding that he didn’t seek to endanger federal agents by exposing their operation. “I fully support the mission of ICE to remove criminals out of our community.”

 

But he acknowledged that rumors about the operation can stir fears in Jackson.

 

“My goal was just to let the public know, ‘Yes, they’re here but they’re here for targeted individuals and it was not any sort of widespread roundup,” said Carr.

 

The sheriff confirmed that he was the person who told the Guide that ICE was executing 17 warrants, but he said he told the paper that information was “unconfirmed.”

 

As for the Guide, its editor in chief Johanna Love offered a brief statement in response to a list of questions emailed Monday morning.

 

Love pointed to the two stories the outlet published about the ICE operation, and said those were based on multiple sources: reports from the public, social media, tips and interviews with current and former law enforcement officers.

 

“We plan to continue reporting what’s happening in our community,” said Love.

 

Former top ICE officials had differing reactions to the paper’s mid-operation announcement and the sheriff’s involvement in it.

 

One said it’s understandable for Carr to confirm the specifics of information already beginning to circulate and to lend clarity. The other cast Carr’s involvement as a security breach.

 

“But listen, that’s bullshit still,” said Scott Mechkowski, former deputy director for ICE’s New York office, after hearing Carr’s explanation that he was merely confirming and clarifying.

 

“If there was an ongoing investigation he knew about, he could have said ‘I’m not at liberty to discuss – there is enforcement activity happening, but I can’t discuss everything else,’” said Mechkowski. “That’s what he should have said.”

 

Mechkowski asked whether Carr would have confirmed an active FBI or U.S. Drug Enforcement Administration operation to the press.

 

“I highly doubt he’d have said ‘The DEA is still doing (expletive) DEA operations in my community’ until it’s over,” said Mechkowski. “Do you ever hear a reporter call a sheriff and say… ‘Hey is the DEA doing work here today? Is the FBI doing investigations?’”

 

But immigration is such a politicized issue, some media and local officials will overlook security worries to expose ongoing operations, he argued.

 

Cowboy State Daily called Carr back to ask Mechkowski’s question.

 

Carr said his office cooperates “constantly” with federal agencies like DEA and FBI. He didn’t outright answer whether he’d expose their operations, but said, “I think we have a much better working relationship with those folks.

 

“They don’t cause mass hysteria when they come to town,” Carr added. “They don’t have the same effect.”

 

John Fabbricatore, who served prior as ICE’s senior executive director for Colorado and Wyoming, offered a counterpoint: he said Carr’s involvement in the story is understandable if he sought to lend clarity to news that was already circulating.

 

“Because you don’t want fake people saying they’re ICE and going in and fraudulently taking advantage of illegal immigrants,” for example, said Fabbricatore.

 

“As long as he’s not giving locations, I think (his statement) is for people in the community who might be asking if ICE is targeting criminal aliens,” said Fabbricatore.

 

Carr had told the Guide he didn’t know where the agents would be working. The Guide reported from other sourcing that ICE agents were seen at Latitude 43 – a 294-unit apartment complex.

 

As for the paper, said Fabbricatore, it’s going to pursue what it sees as its mission.

 

“News is going to report what they believe is viable news,” he said. “I may not agree with it in the aspect of a tactical situation for officers, but (the paper has) a right to let the public know.”

 

News outlets do report on ongoing manhunts and law enforcement operations, though that is most frequently upon an announcement by the agency involved, a public spectacle, or publicly-filed court documents against the suspect.

 

Tim Murtaugh, a senior advisor on the 2024 Trump campaign and the communications director on the 2020 Trump campaign, took a sterner view of the Guide’s story.

 

“This is nothing other than activism masquerading as journalism, simply because they are letting their hatred of Donald Trump interfere with good judgment,” he wrote in a Monday email statement to Cowboy State Daily.

 

“This publication is prioritizing people who break the law over law-abiding citizens in their own community and also putting the safety of law enforcement officers at risk at the same time. You want to know why trust in the news media is at an all-time low? This is a good example of why," Murtaugh said.

 

Carr learned about the ICE operation Thursday from an FBI agent who was involved with it, the sheriff said, adding that that was a “very good thing” because it gave the sheriff’s office time to let its street deputies know armed federal agents would be out in the county.

 

ICE gave Carr just four minutes’ notice, with unfamiliar ICE agents contacting dispatch at 5:56 a.m. for an operation set to unfold at 6, he said.

 

Usually the Casper-based ICE agents the sheriff’s office knows will give more notice than that, Carr said.

 

Carr has gained an “understanding” that ICE is not happy with the FBI agent about the early notification, the sheriff said.

 

Neither ICE nor the FBI would speak to that.

 

A spokesperson for ICE’s Denver Enforcement and Removal Operations office declined to confirm whether ICE was in Jackson Hole on Friday, citing “operational tempo and the increased interest in our agency.”

 

The FBI confirmed that it was assisting Friday with an immigration effort under the U.S. Department of Homeland Security, which is ICE’s umbrella agency. And the FBI pointed out that it’s helping ICE because of a Jan. 20 executive order by President Donald Trump.

 

The order creates a taskforce of agents under the U.S. Attorney General – like FBI – to help Homeland Security agencies – like ICE.

 

Trump’s order says the goal of that coordination is to “end the presence of criminal cartels, foreign gangs, and transnational criminal organizations throughout the United States, dismantle cross-border human smuggling and trafficking networks, end the scourge of human smuggling and trafficking, with a particular focus on such offenses involving children, and ensure the use of all available law enforcement tools to faithfully execute the immigration laws of the United States.”

 

It is unclear whether the FBI agent who notified Carr of Friday’s operation was a leak or was following FBI protocols that may differ from ICE protocols.

 

If it’s correct that ICE only gave Carr’s office four minutes’ notice, that speaks to a rocky relationship between the two agencies, according to Mechkowski.

 

“If he’s saying he got four minutes, you know what that’s telling you? They (ICE) don’t trust the sheriff,” he said.

 

That rocky relationship has been making headlines since last fall.

 

Carr does not honor ICE administrative detainers, the federal agency reported prior.

 

Carr countered at the time, saying he’s concerned about people’s rights against unlawful detentions and about the county becoming liable in court – but he’ll honor warrant-style detainers that are signed by judges, magistrates or court clerks.

 

https://cowboystatedaily.com/2025/02/10/jackson-newspaper-gives-community-a-heads-up-during-active-ice-investigation/

Anonymous ID: da7b94 Feb. 10, 2025, 9:58 p.m. No.22558516   🗄️.is 🔗kun   >>8603

Texas confirms growing measles outbreak affecting school-aged children

 

Officials at the Texas Department of State Health Services (DSHS) warn there is a growing measles outbreak involving school-aged children.

 

The report said that 10 cases have been identified in Gaines County and eight of the cases are school-aged children, of which two are under the age of 5.

 

All were unvaccinated cases, said officials.

 

"Due to the highly contagious nature of this disease, additional cases are likely to occur in Gaines County and the surrounding communities," the alert said.

 

Seven of the cases have been hospitalized, according to the Texas DSHS.

 

The rise in cases comes more than two decades after measles was reported eliminated by health agencies in 2000.

 

This week’s alert went on to advise that additional cases are likely to occur soon.

 

"Due to the highly contagious nature of this disease, additional cases are likely to occur in Gaines County and the surrounding communities," they said.

 

Officials urged people to immediately report any suspected cases to their local health department with the infected person in their presence.

 

DSHS said the virus can be transmitted through direct contact with infectious droplets or airborne and spread when an infected person breathes, coughs, or sneezes. They also warned that the virus can remain infectious in the air for up to two hours after an infected person leaves an area.

 

Vaccination is the best way for people to avoid infection from measles and other preventable diseases, the advisory said.

 

"Children too young to be vaccinated are more likely to have severe complications if they get infected with the measles virus," DSHS said.

 

The report claims that each MMR dose lowers the risk of infection and the severity of illness if infected.

 

"DSHS and CDC’s Advisory Committee on Immunization Practices (ACIP) recommend children receive one dose of MMR vaccine at 12 to 15 months of age and another at 4 to 6 years. Each MMR dose lowers the risk of infection and severity of illness if infected. Children too young to be vaccinated are more likely to have severe complications if they get infected with the measles virus," according to their reports.

 

In January, the Houston Health Department confirmed two cases of measles, prompting a health alert from the state. They were the first cases in Texas since 2023.

 

Both cases were unvaccinated adults who had traveled internationally.

 

https://www.foxnews.com/health/texas-confirms-growing-measles-outbreak-affecting-school-aged-children

Anonymous ID: da7b94 Feb. 10, 2025, 10 p.m. No.22558520   🗄️.is 🔗kun   >>8541 >>8558 >>8598 >>8633

US metals prices soar to big premiums ahead of Donald Trump’s tariffs

 

Traders in the US are paying much higher prices for copper, aluminium and steel than their European counterparts as they rush to buy the metals ahead of President Donald Trump’s tariffs.

 

On Sunday, Trump said he would impose 25 per cent tariffs on all steel and aluminium imports. He has also threatened to apply levies on imported copper.

 

The looming tariffs have created an unusually wide transatlantic price gap, with the premium for benchmark New York Comex copper futures widening to more than $800 per tonne over the London price, the highest level since at least early 2020. Comex copper on Monday was up 2 per cent at just over $10,000 a tonne.

 

The high US premiums reflect a “distorted” market, said Tom Price, an analyst at Panmure Liberum, reflecting fears about a “starvation of supply” rather than the more usual reason of increased demand.

 

“The US can’t switch to any other source in the short term,” he said, so buyers there are “competing with each other to get hold of the metal”.

 

Higher US premiums are a reflection of “the expectation that prices will be higher in future as a result of tariffs”, said Daria Efanova, head of research at Sucden Financial. “Markets are pricing that before it actually hits.”

 

Trump was expected to give more details about the prospective tariffs later on Monday, potentially including whether there might be any exemptions, as were granted when he levied tariffs on metal in his first term as president.

After his previous U-turns on tariffs against Canada and Mexico, analysts say many traders are waiting for more clarity, with some avoiding taking positions until the policies become clearer.

 

“The uncertainty creates a skittishness,” said Al Munro, an analyst at Marex. “It creates a lack of investment. You just sit there and you don’t do anything.”

 

Copper is widely used in electrical equipment such as wiring and motors, while aluminium is a lightweight material used in an array of industries including the automotive and aerospace sectors.

 

Copper is taken into Comex warehouses on a so-called “duty paid” basis, meaning that all taxes must be paid before the metal enters the facilities. That means supplies taken in before tariffs come into effect would not be affected by the levies.

 

Comex’s stocks of copper jumped last year and have edged up further this year. “People are looking to protect against having to pay copper price plus tariff,” said William Adams, head of base metals research at Fastmarkets.

 

Prices for steel and precious metals such as silver and gold have also risen to hefty premiums in the US, as traders rush to secure access to physical metals ahead of any potential tariffs coming in.

 

The potential tariffs on steel and aluminium are likely to have a particularly big impact on Canadian aluminium smelters, which supply about 44 per cent of US aluminium needs.

 

https://archive.is/tEMBM#selection-2449.0-2461.175

Anonymous ID: da7b94 Feb. 10, 2025, 10:01 p.m. No.22558523   🗄️.is 🔗kun   >>8558 >>8598 >>8633

Sean Davis

@seanmdav

Random federal judges in blue state backwaters have no authority to unilaterally dictate who the President may talk to or what data he can access. John Roberts and SCOTUS have two options here: they can bring these inferior malcontents to heel, or they can get used to the President simply ignoring these inferior courts or Congress eliminating them entirely.

 

Congress created these inferior courts so the Supreme Court wouldn’t have to deal with every federal case by itself. But if these rogue inferior judges are going to routinely issue lawless decisions that the Supreme Court has to deal with anyway, Congress would be well within its rights to just eliminate them.

 

Roberts and SCOTUS can immediately put these lawless judges in their place, or Roberts can watch his caseload go up 1000x and his court’s precious perceived legitimacy crater overnight.

 

The age of tolerating this nonsense is over.

 

https://x.com/seanmdav/status/1889025266644873621

Anonymous ID: da7b94 Feb. 10, 2025, 10:01 p.m. No.22558527   🗄️.is 🔗kun

Tech megacaps plan to spend more than $300 billion in 2025 as AI race intensifies

 

-Meta, Amazon, Alphabet and Microsoft intend to invest as much as $320 billion this year into artificial intelligence technologies.

-Technology companies are racing to build out data centers and AI infrastructure that will put them ahead of the competition.

-Amazon offered the most ambitious spending plan, aiming to shell out $100 billion.

 

Megacap technology companies funneled billions of dollars into artificial intelligence last year to try and keep up with unfettered demand. The hype isn’t dying down in 2025.

 

Meta

, Amazon

, Alphabet

and Microsoft

intend to spend as much as $320 billion combined on AI technologies and datacenter buildouts in 2025, based on comments from their CEOs early this year and throughout earnings calls in the past two weeks.

 

That’s up from $230 billion in total capital expenditures in 2024.

 

Tech companies have already poured many billions of dollars into AI projects since ChatGPT’s 2022 debut, as they race to expand data centers with boatloads of Nvidia’s graphics processing units (GPUs) and to advance their models. The recent rise of China’s DeepSeek sent a shockwave through the sector, with estimates suggesting the open-source tool cost a fraction of some U.S.-based competitors to create.

 

Those fears spurred a market selloff last week, pushing shares of AI chipmakers Nvidia

and Broadcom

down by a combined $800 billion in a single day. That development forced U.S. tech CEOs to field questions over their hefty spending plans and whether it’s all necessary.

 

The answer, so far, is that they’re not slowing down.

 

Amazon offered the most ambitious spending initiative among the four, aiming to shell out over $100 billion, up from $83 billion in 2024. CEO Andy Jassy said during the company’s earnings call on Thursday that the money would mostly go toward AI for its Amazon Web Services division and a “once-in-a-lifetime type of business opportunity.”

 

“I think that both our business, our customers and shareholders will be happy, medium to long-term, that we’re pursuing the capital opportunity and the business opportunity in AI,” he said.

 

Last month, Microsoft said it would allocate $80 billion in the 2025 fiscal year to create AI workloads data centers. Over half of that spending is poised to occur in the U.S., said Brad Smith, the company’s president. Microsoft’s fiscal year ends in June.

 

Alphabet is targeting $75 billion in capital expenditures this year, with $16 billion to $18 billion expected in the first quarter. Finance chief Anat Ashkenazi said on Tuesday’s earnings call that the majority of spending would go toward “technical infrastructure, primarily for servers, followed by data centers and networking.”

 

Meanwhile, Meta CEO Mark Zuckerberg set his company’s AI capex budget at $60 billion to $65 billion in January, calling 2025 a “defining year for AI.” In a Facebook post, he said the move would help “unlock historic innovation and extend American technology leadership.”

 

The other three of the so-called Magnificent 7 are Apple

, Tesla

and Nvidia.

 

Apple’s spending on AI is tricky to project, often showing up in operating expenses because the company rents training capacity from cloud providers. The models underpinning Apple Intelligence were trained on Google Cloud, for example. Apple also rents cloud capacity from AWS and Azure.

 

“On the capex part, it’s important to remember that we employ a hybrid kind of approach where we do things internally and we have certain partners that we do business with externally where the capex would appear in their respective businesses,” CEO Tim Cook said on an earnings call last year.

 

After its earnings report in late January, Tesla said AI-related capital expenditures were approximately $5 billion in 2024, out of $11.34 billion total. The company expects its AI spending to be flat year over year.

 

Tesla has been building out a “training cluster,” dubbed Cortex, at its Texas facility to be used for training models behind the company’s self-driving technology and humanoid robotics currently in development.

 

Nvidia won’t report results until later this month. And its capex figures will look very different since Nvidia is the one developing and supplying AI technology rather than buying it.

 

For Amazon, Google and Microsoft, AI spending is high, but it’s supposed to result in a big boon for their cloud businesses, which are major growth drivers. They’ve all said that clients are asking for more AI processing tools and that they plan to run bigger workloads in the cloud.

 

But in the most recent quarter, the cloud numbers were weaker than expected, with all three companies falling short of consensus estimates. A big reason was supply shortages.

 

“I predict those constraints really start to relax in the second half of 2025,” Amazon’s Jassy said.

 

At Microsoft, the AI side of the Azure cloud business came in better than management had anticipated, but outside of AI, Azure lagged behind internal projections because of disappointing sales to clients through partners, finance chief Amy Hood said on the earnings call. Microsoft is revamping its sales approach when it comes to balancing AI with more traditional IT processes, Hood said.

 

https://www.cnbc.com/2025/02/08/tech-megacaps-to-spend-more-than-300-billion-in-2025-to-win-in-ai.html

Anonymous ID: da7b94 Feb. 10, 2025, 10:03 p.m. No.22558534   🗄️.is 🔗kun

Tech megacaps plan to spend more than $300 billion in 2025 as AI race intensifies

 

-Meta, Amazon, Alphabet and Microsoft intend to invest as much as $320 billion this year into artificial intelligence technologies.

 

-Technology companies are racing to build out data centers and AI infrastructure that will put them ahead of the competition.

 

-Amazon offered the most ambitious spending plan, aiming to shell out $100 billion.

 

Megacap technology companies funneled billions of dollars into artificial intelligence last year to try and keep up with unfettered demand. The hype isn’t dying down in 2025.

 

Meta, Amazon, Alphabet and Microsoft intend to spend as much as $320 billion combined on AI technologies and datacenter buildouts in 2025, based on comments from their CEOs early this year and throughout earnings calls in the past two weeks.

 

That’s up from $230 billion in total capital expenditures in 2024.

 

Tech companies have already poured many billions of dollars into AI projects since ChatGPT’s 2022 debut, as they race to expand data centers with boatloads of Nvidia’s graphics processing units (GPUs) and to advance their models. The recent rise of China’s DeepSeek sent a shockwave through the sector, with estimates suggesting the open-source tool cost a fraction of some U.S.-based competitors to create.

 

Those fears spurred a market selloff last week, pushing shares of AI chipmakers Nvidia and Broadcom down by a combined $800 billion in a single day. That development forced U.S. tech CEOs to field questions over their hefty spending plans and whether it’s all necessary.

 

The answer, so far, is that they’re not slowing down.

 

Amazon offered the most ambitious spending initiative among the four, aiming to shell out over $100 billion, up from $83 billion in 2024. CEO Andy Jassy said during the company’s earnings call on Thursday that the money would mostly go toward AI for its Amazon Web Services division and a “once-in-a-lifetime type of business opportunity.”

 

“I think that both our business, our customers and shareholders will be happy, medium to long-term, that we’re pursuing the capital opportunity and the business opportunity in AI,” he said.

 

Last month, Microsoft said it would allocate $80 billion in the 2025 fiscal year to create AI workloads data centers. Over half of that spending is poised to occur in the U.S., said Brad Smith, the company’s president. Microsoft’s fiscal year ends in June.

 

Alphabet is targeting $75 billion in capital expenditures this year, with $16 billion to $18 billion expected in the first quarter. Finance chief Anat Ashkenazi said on Tuesday’s earnings call that the majority of spending would go toward “technical infrastructure, primarily for servers, followed by data centers and networking.”

 

Meanwhile, Meta CEO Mark Zuckerberg set his company’s AI capex budget at $60 billion to $65 billion in January, calling 2025 a “defining year for AI.” In a Facebook post, he said the move would help “unlock historic innovation and extend American technology leadership.”

 

The other three of the so-called Magnificent 7 are Apple, Tesla and Nvidia.

 

Apple’s spending on AI is tricky to project, often showing up in operating expenses because the company rents training capacity from cloud providers. The models underpinning Apple Intelligence were trained on Google Cloud, for example. Apple also rents cloud capacity from AWS and Azure.

 

“On the capex part, it’s important to remember that we employ a hybrid kind of approach where we do things internally and we have certain partners that we do business with externally where the capex would appear in their respective businesses,” CEO Tim Cook said on an earnings call last year.

 

After its earnings report in late January, Tesla said AI-related capital expenditures were approximately $5 billion in 2024, out of $11.34 billion total. The company expects its AI spending to be flat year over year.

 

Tesla has been building out a “training cluster,” dubbed Cortex, at its Texas facility to be used for training models behind the company’s self-driving technology and humanoid robotics currently in development.

 

Nvidia won’t report results until later this month. And its capex figures will look very different since Nvidia is the one developing and supplying AI technology rather than buying it.

 

For Amazon, Google and Microsoft, AI spending is high, but it’s supposed to result in a big boon for their cloud businesses, which are major growth drivers. They’ve all said that clients are asking for more AI processing tools and that they plan to run bigger workloads in the cloud.

 

But in the most recent quarter, the cloud numbers were weaker than expected, with all three companies falling short of consensus estimates. A big reason was supply shortages.

 

“I predict those constraints really start to relax in the second half of 2025,” Amazon’s Jassy said.

 

At Microsoft, the AI side of the Azure cloud business came in better than management had anticipated, but outside of AI, Azure lagged behind internal projections because of disappointing sales to clients through partners, finance chief Amy Hood said on the earnings call. Microsoft is revamping its sales approach when it comes to balancing AI with more traditional IT processes, Hood said.

 

https://www.cnbc.com/2025/02/08/tech-megacaps-to-spend-more-than-300-billion-in-2025-to-win-in-ai.html

Anonymous ID: da7b94 Feb. 10, 2025, 10:03 p.m. No.22558537   🗄️.is 🔗kun   >>8558 >>8598 >>8633

Tech megacaps plan to spend more than $300 billion in 2025 as AI race intensifies

 

-Meta, Amazon, Alphabet and Microsoft intend to invest as much as $320 billion this year into artificial intelligence technologies.

-Technology companies are racing to build out data centers and AI infrastructure that will put them ahead of the competition.

-Amazon offered the most ambitious spending plan, aiming to shell out $100 billion.

 

Megacap technology companies funneled billions of dollars into artificial intelligence last year to try and keep up with unfettered demand. The hype isn’t dying down in 2025.

 

Meta, Amazon, Alphabet and Microsoft intend to spend as much as $320 billion combined on AI technologies and datacenter buildouts in 2025, based on comments from their CEOs early this year and throughout earnings calls in the past two weeks.

 

That’s up from $230 billion in total capital expenditures in 2024.

 

Tech companies have already poured many billions of dollars into AI projects since ChatGPT’s 2022 debut, as they race to expand data centers with boatloads of Nvidia’s graphics processing units (GPUs) and to advance their models. The recent rise of China’s DeepSeek sent a shockwave through the sector, with estimates suggesting the open-source tool cost a fraction of some U.S.-based competitors to create.

 

Those fears spurred a market selloff last week, pushing shares of AI chipmakers Nvidia and Broadcom down by a combined $800 billion in a single day. That development forced U.S. tech CEOs to field questions over their hefty spending plans and whether it’s all necessary.

 

The answer, so far, is that they’re not slowing down.

 

Amazon offered the most ambitious spending initiative among the four, aiming to shell out over $100 billion, up from $83 billion in 2024. CEO Andy Jassy said during the company’s earnings call on Thursday that the money would mostly go toward AI for its Amazon Web Services division and a “once-in-a-lifetime type of business opportunity.”

 

“I think that both our business, our customers and shareholders will be happy, medium to long-term, that we’re pursuing the capital opportunity and the business opportunity in AI,” he said.

 

Last month, Microsoft said it would allocate $80 billion in the 2025 fiscal year to create AI workloads data centers. Over half of that spending is poised to occur in the U.S., said Brad Smith, the company’s president. Microsoft’s fiscal year ends in June.

 

Alphabet is targeting $75 billion in capital expenditures this year, with $16 billion to $18 billion expected in the first quarter. Finance chief Anat Ashkenazi said on Tuesday’s earnings call that the majority of spending would go toward “technical infrastructure, primarily for servers, followed by data centers and networking.”

 

Meanwhile, Meta CEO Mark Zuckerberg set his company’s AI capex budget at $60 billion to $65 billion in January, calling 2025 a “defining year for AI.” In a Facebook post, he said the move would help “unlock historic innovation and extend American technology leadership.”

 

The other three of the so-called Magnificent 7 are Apple, Tesla and Nvidia.

 

Apple’s spending on AI is tricky to project, often showing up in operating expenses because the company rents training capacity from cloud providers. The models underpinning Apple Intelligence were trained on Google Cloud, for example. Apple also rents cloud capacity from AWS and Azure.

 

“On the capex part, it’s important to remember that we employ a hybrid kind of approach where we do things internally and we have certain partners that we do business with externally where the capex would appear in their respective businesses,” CEO Tim Cook said on an earnings call last year.

 

After its earnings report in late January, Tesla said AI-related capital expenditures were approximately $5 billion in 2024, out of $11.34 billion total. The company expects its AI spending to be flat year over year.

 

Tesla has been building out a “training cluster,” dubbed Cortex, at its Texas facility to be used for training models behind the company’s self-driving technology and humanoid robotics currently in development.

 

Nvidia won’t report results until later this month. And its capex figures will look very different since Nvidia is the one developing and supplying AI technology rather than buying it.

 

For Amazon, Google and Microsoft, AI spending is high, but it’s supposed to result in a big boon for their cloud businesses, which are major growth drivers. They’ve all said that clients are asking for more AI processing tools and that they plan to run bigger workloads in the cloud.

 

But in the most recent quarter, the cloud numbers were weaker than expected, with all three companies falling short of consensus estimates. A big reason was supply shortages.

 

“I predict those constraints really start to relax in the second half of 2025,” Amazon’s Jassy said.

 

At Microsoft, the AI side of the Azure cloud business came in better than management had anticipated, but outside of AI, Azure lagged behind internal projections because of disappointing sales to clients through partners, finance chief Amy Hood said on the earnings call. Microsoft is revamping its sales approach when it comes to balancing AI with more traditional IT processes, Hood said.

 

https://www.cnbc.com/2025/02/08/tech-megacaps-to-spend-more-than-300-billion-in-2025-to-win-in-ai.html

Anonymous ID: da7b94 Feb. 10, 2025, 10:14 p.m. No.22558576   🗄️.is 🔗kun   >>8598 >>8633

Totally not a conflict of interest that the Governor of Illinois owns Hyatt hotel chain (Chicago spent $500 million for illegals to stay in hotels)

 

The Man Behind Hyatt: Jay Pritzker's Billion-Dollar Legacy

 

Hyatt was founded by Jay Pritzker in 1957 when he purchased the Hyatt House motel adjacent to the Los Angeles International Airport. Over the following decade, Jay Pritzker and his brother, Donald Pritzker, working together with other Pritzker family business interests, grew the company into a North American management and hotel ownership company, which became a public company in 1962.

 

https://www.indiatimes.com/worth/news/the-man-behind-hyatt-jay-pritzkers-billion-dollar-legacy-635476.html