Thu. 08/01 – Now Meta’s AI Spending Is Fine?

So I guess Zuck has convinced Wall Street that all the capex spending on AI is fine. How good a business is Tether? A gooooood business. The first arrival of Apple Intelligence is sort of a ho-hum for now. And how sports is completely transforming the streaming wars battlefield.

Links:

• Meta’s Lesson in Allaying Wall Street’s A.I. Fears (Dealbook/NYT)
• Meta’s AI Costs Surge as Digital Advertising Revenue Grows (WSJ)
• Reddit CEO says Microsoft needs to pay to search the site (The Verge)
• Tether Nets $5B Profits This Year, Says Its US Debt Holdings Surpassed Germany's (CoinDesk)
• A first look at Apple Intelligence and its (slightly) smarter Siri (The Verge)
• Disney, Fox and Warner Bros. Discovery’s Sports Streamer Venu to Launch at $42.99 per Month (Variety)
• How the NBA’s Slam-Dunk Deals Will Reshape TV (The Hollywood Reporter)