Keep pulling the thread on Bloomberg Intelligence.
Standard Chartered's CEO plans to eliminate up to 8,000 jobs, which were referred to as "lower value human capital".
Meta is laying off 10% of its North American workforce, which amounts to approximately 8,000 employees.
Ahead of its layoffs, Meta is reassigning 7,000 employees to roles more focused on artificial intelligence.
Google is partnering with Blackstone to create an AI cloud business, with Blackstone contributing $5 billion in equity.
The Google and Blackstone AI cloud venture aims to build 500 megawatts of compute capacity in the next few years.
Amazon, Alphabet, Meta, and Microsoft are collectively projected to spend up to $725 billion in capital expenditures by 2026.
Meta is building a $200 billion data center on a nearly 4,000-acre site in Richland Parish, Louisiana.
To power its new data center in Louisiana, Meta will require the construction of 10 new natural gas plants.
The energy consumption of Meta's planned Louisiana data center is estimated to be equivalent to that of New York City on a winter day.
Utility company Entergy Louisiana is building 10 new natural gas plants to serve Meta's data center, with 6 of those plants located in Richland Parish.
Home Depot reported a slight miss on same-store sales in its most recent quarter.
Home Depot maintained its full-year same-store sales guidance, which calls for growth between 0% and 2%.