Meta shares fell 6% after AI spending turned its free cash flow negative. The price of its five-year credit default swaps hit record highs, a sign that investors are growing worried about its debt.
Federal disclosures show all three companies posted their biggest lobbying quarter between July and September. Nvidia spent $2.2 million, Anthropic $2.1 million and OpenAI $1.5 million.
Kevin Weil, who led OpenAI for Science, has raised $215 million led by Lightspeed for Warp Sciences, valuing it at $865 million. The startup is building an automated US lab for a drug development step that pharma companies have long outsourced to Chinese firms such as WuXi AppTec.
UMG will license recordings from its artists and songwriters to TYGER, which uses AI to make music follow the on-screen action as people play. UMG is the first major label to sign with the service.
A Gartner survey of 2,002 CIOs finds only 13% of companies get real business value from AI, while 51% expect it to raise operating costs. Even so, 75% of CEOs plan to keep increasing technology budgets.
Brands measure everything about their websites except how customers feel using them, JDN notes. In the AI era, a warm interface becomes an advantage, provided companies find a way to measure it.