Meta stock climbs 4% on report of planned metaverse cuts

The Facebook parent company changed its name to Meta in October 2021 to signal its pivot beyond social media.

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Get Lifetime Access to Microsoft Office 2021 for Just $35

Whether you’re starting a new business venture and need Microsoft Office’s help or you just want to get better organized in your personal life, it’s a good time to take advantage of this deal.
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TikTok to Invest $37B+ Into Brazil Data Center

The announcement highlights China’s broader ambitions in South America at a time of ongoing geopolitical and technological tensions with the US.
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Anthropic signs $200M deal to bring its LLMs to Snowflake’s customers

AI research lab Anthropic inked a $200 million deal with Snowflake to bring its AI models to Snowflake’s 12,600 customers.

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EU investigating Meta over policy change that bans rival AI chatbots from WhatsApp

The European Commission is is launching an antitrust investigation into Meta’s move to ban other AI companies from using WhatsApp’s business tools to offer their own AI chatbots to users.

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Weak jobs data, Salesforce earnings, GM’s ‘Silicon Valley cowboy’ and more in Morning Squawk

Here are five key things investors need to know to start the trading day.

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700Credit Reveals Data Breach

Michigan-based firm says a “bad actor” gained unauthorized access to certain PII housed within the 700Dealer.com application layer.
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Nvidia has a cash problem — too much of it

Nvidia’s recent slew of billion-dollar checks highlight the company’s growing cash pile.

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Bitcoin is down nearly 30% from its record high — history shows that’s normal

In the 2021 and 2017 bitcoin cycles, there were a number of instances of drops of 30% or bigger.

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Nexus isn’t going all-in on AI, keeping half of its new $700M fund for India startups

Nexus Venture Partners manages $3.2 billion in capital across its funds and has invested in more than 130 companies over the years.

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