AI stocks to watch, Apple TV tries free, and the Chips Act scramble: Tech roundup
January 4, 2025
Big Tech is spending billions on artificial intelligence as demand grows for computing power and more advanced capabilities.
Microsoft (MSFT), Meta (META), Google (GOOGL), and Amazon (AMZN) spent a combined $125 billion on investing in and running AI data centers between January and August 2024, according to a JPMorgan (JPM) report citing New Street Research. The research shows both total AI capital expenditures and total data center operating costs, which include “cash operating expenses, software, depreciation, and electricity.”
Apple (AAPL) is giving its Chinese customers a discount on iPhones as it competes with homegrown rivals such as Huawei.
The iPhone maker is offering a discount of up to 500 Chinese yuan, or $68.50, on its latest iPhone models when customers use “eligible payment methods,” according to the Apple website. The 500 yuan discount applies to the iPhone 16 Pro and iPhone 16 Pro Max, while the iPhone 16 and iPhone 16 Plus will be discounted by 400 yuan during the promotion, which runs from January 4 to 7.
Just when you thought your toaster couldn’t get any smarter, CES 2025 is about to prove you wrong. The world’s biggest tech show returns to Las Vegas from January 7-10, promising to stuff artificial intelligence into literally everything that has a power button.
As the Biden administration prepares to pass power to President-elect Donald Trump, U.S. chipmakers are rushing to finalize federal funding.
In 2022, President Joe Biden signed the bipartisan CHIPS and Science Act to boost semiconductor manufacturing, research, and development in the U.S. The $280 billion package includes $52 billion in subsidies for chips.
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