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Microsoft is pausing some data center projects, including a $1 billion facility in Ohio, amid a reassessment of AI infrastructure needs. While demand for cloud and AI services surged, the company is adapting its strategy, halting early-stage developments and scaling back international expansions. Despite these changes, Microsoft plans to invest over $80 billion in AI infrastructure this fiscal year, maintaining its commitment to growth.
AppLovin CEO Adam Foroughi has proposed a merger to acquire TikTok, allowing AppLovin to manage the app while TikTok's Chinese investors maintain a stake. The plan aims to enhance monetization by combining AppLovin's algorithm with TikTok's user base. This bid is part of a competitive landscape that includes other US companies, with any deal requiring approval from the Chinese government. According to a US SEC filing, AppLovin's bid is still in early stages.
Deutsche Bank highlights the advantages of Oracle Cloud over major hyperscalers, suggesting it offers unique benefits in the competitive cloud market. The analysis points to Oracle's strategic positioning and capabilities that may appeal to businesses seeking cloud solutions.
Warren Buffett, known for his value investing strategy, is currently holding a substantial cash reserve of $321 billion, waiting for clearer market conditions before making significant purchases amid recent stock market turmoil triggered by tariffs. While some analysts believe he may seize buying opportunities if prices drop further, others suggest he might be cautious, recalling historical economic downturns. His next moves will be closely watched, especially during the upcoming Berkshire Hathaway annual meeting in May.
President Trump's newly imposed tariffs, ranging from 10% to 34% on imports from China, Taiwan, and South Korea, threaten to disrupt Big Tech's AI expansion plans. The tariffs could delay significant projects like OpenAI's $500 billion Stargate initiative and may lead to reduced spending by major cloud service providers such as Microsoft, Alphabet, and Amazon, which are already facing financial pressures.
Elon Musk's proposal to cut federal spending by $1 trillion is alarming tech investors, particularly those in companies reliant on government contracts. Major firms like Microsoft, Oracle, and Accenture may face revenue pressures, with some stocks already dropping over 20% since the last election. Earnings growth forecasts for software and services firms in 2025 have been revised down to 11.6%, reflecting heightened investor caution despite Musk's assurances regarding his commitment to the Department of Government Efficiency (DOGE).
DOGE has terminated over 120 contracts with Deloitte, totaling more than $1.16 billion, claiming to save taxpayers approximately $371.8 million. This move, part of a broader effort to cut government spending, has significantly impacted consulting firms reliant on federal contracts, with analysts warning of potential revenue declines and job losses in the sector. The cuts follow a directive from the General Services Administration for consultancies to identify non-essential contracts, reflecting the administration's focus on fiscal responsibility.
Tim Stokely, founder of OnlyFans, has teamed up with social media startup Zoop and the Hbar Foundation to bid for TikTok's US operations, as the platform faces a deadline of April 5 to sell or face a ban. Zoop's CEO RJ Phillips confirmed that the sale process is managed by the White House, not ByteDance. Other bidders include Amazon and a consortium of Oracle and Blackstone, while a proposal for ByteDance to retain TikTok's algorithm would need Chinese government approval.
Venture capital firm Andreessen Horowitz (a16z) is reportedly considering an investment in TikTok as part of an Oracle-led bid, amid concerns of a potential ban in the U.S. on April 5 unless the platform shifts to non-Chinese ownership. This proposal is among the leading options being evaluated, with a16z having a history of significant investments in major social media platforms.
OpenAI's current funding round, valued at $40 billion, risks a $10 billion cut unless the company transitions to a for-profit model by December 31. SoftBank's investment would decrease from $30 billion to $20 billion, while Microsoft and other investors are expected to maintain their commitments. The restructuring, which requires approval from Microsoft and the California Attorney General, faces legal challenges, including one from co-founder Elon Musk.
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