Berkshire (BRK.B) will power AI data centers on three conditions. Community consent is one of them.
Greg Abel told CNBC that Berkshire Hathaway Energy will serve hyperscalers only if other customers are protected, water is addressed and the community is willing.
Meta (META) CEO Zuckerberg told Trump a national AI regulator is flawed, Business Insider reports. It's his second push against AI review this year.
Business Insider reports that Mark Zuckerberg told President Trump in a private August call that a proposed FINRA-style AI regulator was a flawed idea, arguing even a month of delay would cost the U.S. its lead over China. The Treasury-backed plan is still under White House review.
Broadcom (AVGO) targets $230 billion in AI revenue by 2028, and the call turned a 4.6% after-hours drop into a gain
Broadcom reported $16.7 billion of AI semiconductor revenue for its fiscal third quarter and then told investors to expect about $115 billion next fiscal year and about $230 billion the year after, with supply already secured for both. Shares fell as much as 4.6% after hours on a fourth-quarter revenue guide just under consensus, then turned positive during the call.
Google (GOOGL) is pitching Disney (DIS) and Universal on AI character licenses at $40 million apiece, LA Times reports
Google executives approached Disney, Universal and Warner Bros. Discovery about licensing characters and film libraries for its AI models, the LA Times reports. Some studios were asked to waive their right to sue Google. A $40 million-per-character figure came up as an estimate, not an offer, and NBCUniversal says it is not in active talks.
Fervo Energy (FRVO) signed the biggest geothermal deal ever. Google hasn't committed to the data center yet.
Google contracted 396 megawatts from Fervo's Cape Station project in Utah, the largest enhanced geothermal agreement on record. The data center it is meant to power remains subject to approvals and commercial conditions, and most of the headline 1 gigawatt is an option.
The FTC and 22 states are suing Amazon (AMZN) for allegedly inventing a bidder to raise ad prices
The FTC and 22 states sued Amazon on Monday, alleging a hidden surcharge in its search ad auctions extracted tens of billions of dollars from more than a million advertisers over seven years. The complaint quotes Amazon's internal documents throughout.
OpenAI's ChatGPT ads hit $1 billion annualized in 200 days. Google (GOOGL) books that much every 30 hours
OpenAI says its ad business passed a $1 billion annualized run rate about 200 days after launch, with ads in 40+ countries in front of 1 billion weekly users. Next to Google's $294.7 billion ad year it's tiny, and that's not the point.
Meta's (META) $200-a-month AI agent could launch in September
Meta reportedly plans to launch Hatch, an AI agent that completes tasks inside Instagram and WhatsApp, as soon as early September, with a premium tier of up to $199.99 a month and a new model, Watermelon, due in October.
Sony and Warner publishers sue Anthropic over alleged use of pirated lyrics weeks before a possible $2 trillion IPO.
Sony Music Publishing, Warner Chappell and 33 affiliated publishers sued Anthropic and its two founders personally in San Jose federal court on August 28, seeking up to $150,000 per song. The complaint itself cites a report that Anthropic is eyeing a $2 trillion IPO as soon as October.
Meta (META) is asking TikTok and YouTube to copy its teen limits. Saying yes costs Meta another $5.3 billion.
Meta ran full-page ads in three national papers urging TikTok and YouTube to adopt the teen limits from its settlement. If the rivals comply, Meta pays the states another $5.3 billion, and New York's payout nearly doubles.
Marvell (MRVL) now sees $18 billion in revenue by fiscal 2028, and that already includes the Google deal
Marvell reported record second-quarter revenue of $2.739 billion, up 37%, and CEO Matt Murphy raised the outlook on the call to about $12 billion for fiscal 2027 and $18 billion for fiscal 2028. Revenue tied to the Google warrant deal is already in those numbers.
Meta (META) could spend $10 billion a year on Anthropic even after restricting its own engineers from using its tools
Meta is one of Anthropic's largest customers and is spending hundreds of millions a month on its tools, the New York Times reported, two months after Meta limited engineers from using Claude Code.
Wolfe Research named Alphabet (GOOGL) a top 2027 pick and sees cloud platform revenue up 125%
Wolfe Research named Alphabet (GOOGL) a top pick for 2027, kept its $460 price target and raised its 2027 estimates. Its third-quarter cloud platform number runs far above the Street.
Anthropic is reportedly leasing an Nscale data center in West Virginia for $45 billion
Financial news wires report Anthropic will lease an Nscale data center in West Virginia for $45 billion, taking 460 megawatts, as Nscale is expected to spend about $71 billion to develop the site. Here is what is confirmed and who benefits.
China's Moonshot wants up to 30% of the revenue to put its Kimi K3 model on Azure, AWS and Google Cloud
Reuters reports the Chinese startup is negotiating to host Kimi K3 on Azure, AWS and Google Cloud, and wants up to 30% of the revenue. It would be the first big China AI-US cloud revenue-share deal.
OpenAI's data center chief left five months in, as the company commits $1.4 trillion to compute
Chris Malone, OpenAI's head of data centers, has left after about five months, the latest senior exit as the company pours money into compute.
Korean investors poured $85.6M into Roundhill Memory ETF (DRAM) in one week. The fund already holds Samsung and SK Hynix.
Korean retail investors bought $85.61 million of the Roundhill Memory ETF in a single week, their second-biggest US purchase after Alphabet. The fund is 26.19% Samsung Electronics and 21.61% SK Hynix, two stocks they can buy at home in won.
Anthropic could file for its IPO within days. Investors are discussing $2 trillion, twice the valuation it set in May.
Bloomberg reported on Aug. 20, 2026, that Anthropic may make its IPO filing public by the end of August. The company is considering an offering large enough to equal or top the record raise set by SpaceX (SPCX). For a potential October market debut, investors have floated a $2 trillion valuation, more than double the $965 billion figure Anthropic established in May.
Marvell (MRVL) jumps 13% after giving Google a warrant worth up to $12.2 billion in new AI chip deal
Marvell signed a custom AI chip deal with Google and issued a warrant for up to 58.97 million shares at $206.58 each, worth about $12.2 billion. MRVL jumped as much as 13%, while Broadcom and other AI chip suppliers fell.
Warren Buffett's Berkshire nearly doubled its Alphabet (GOOGL) stake, now bigger than Coca-Cola
Berkshire added 48.1 million Alphabet shares in the June quarter and increased its Class C holding by 658 percent. The stake passed Coca-Cola to rank third.
ECB researchers say an AI stock market correction is likely, even if AI delivers. European households hold €440 billion of US tech stock.
Five European Central Bank researchers wrote on Aug. 17 that "a correction of current stock market valuations is likely," even if the technology succeeds. European households hold around €440 billion of US tech stock, and the authors say there is less room to cut rates against a crash than in 2000.
You can trade single-stock options premarket starting August 17 at 7:30 a.m. ET. The first session includes Nvidia (NVDA), Tesla (TSLA), Apple (AAPL) and 18 more.
Cboe Options Exchange begins trading single-stock options at 7:30 a.m. ET on Monday, Aug. 17, two hours before the regular open. Limit orders only, no market or stop orders, and trades in the new sessions do not count toward the day's high and low.
Meta backed Texas's data center audit. Its $10 billion El Paso project sits outside the grid Abbott froze.
Governor Abbott's office said Meta will comply with the state's data center standards. Meta's largest Texas campus is not on the ERCOT grid, and the Texas Tribune reported the same day that its Fort Worth and El Paso abatements ran through Delaware shell companies. CleanSpark, whose entire 885 MW Texas portfolio is inside ERCOT, backed the audit on its own.
Max your 401k match, Roth IRA and HSA before you touch a single stock. Index funds come next, individual stocks come last.
The order I'd actually go in: 401k match, then Roth IRA and HSA, then a broad index fund (or X Money if you want zero market risk), then mega-caps and dividend ETFs, then single stocks last.