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Bernstein: Meta on Track to Surpass Google Search in Ad Revenue by End-2026, Citing AI-Driven Growth
Bernstein notes Meta captured nearly half of every incremental digital ad dollar in Q2. The firm believes AI is accelerating ad growth by improving recommendations, targeting, measurement, and conversions, with Meta, Google, and Amazon among the biggest beneficiaries.
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Next: Google is reportedly in quiet talks with major Hollywood studios, including Disney and Warner Bros. Discovery, to license their IP for training AI models. This move aims to promote Google's AI tools and address competition, though no agreements have been reached yet.
24H Trending
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CoreWeave's default probability exceeds 60%, but NVIDIA CEO Jensen Huang states its financing costs are decreasing and NVIDIA is not required to backstop it.
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The KOSPI plunged 7.57% to close at 5554.22 points, triggering circuit breakers. Foreign investors net sold $3.6 billion in a single day.
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AI supply chain credit cracks spark market concerns, 10-year US Treasury yield falls to 5.09%, a three-week low.
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TSMC's Q4 revenue guidance exceeded expectations by 6% to $53.3 billion, with a full-year growth forecast raised to 44%, and consideration for further expansion in the US.
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The KOSPI fell 7.57% on Thursday, closing at 5,554.22 points.
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The Office of the Comptroller of the Currency (OCC) investigation found that nine large banks restricted crypto accounts, but new rules will limit regulators from pressuring banks citing "reputational risk."
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Hyperliquid founder Yan seeks US regulatory clarity to shield its blockchain from direct exchange oversight.
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Ukraine to resume strikes on Russian refineries after 'energy ceasefire' collapses
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Russian nuclear-powered submarines test-fired cruise missiles in Pacific exercises, hitting targets 1,200 kilometers away.
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Fed's Hammack: Financial conditions do not appear restrictive right now
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