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  • Trump Sentenced in Hush Money Case | Microsoft Invest $80b in AI | China Tech Crackdown in Algorithm Issues

Trump Sentenced in Hush Money Case | Microsoft Invest $80b in AI | China Tech Crackdown in Algorithm Issues

January 04, 2025

Market Update

  • ETFs surged past C$500 Billion last Year as Canada Firms rode US stock rally.

  • Zero-Day options are most popular on S&P 500 as dominance grows.

  • Tesla +7% late Friday after analysts react to deliveries.

  • Adobe stock falls as UBS lowers price target in 'fiercely competitive' AI market.

  • US manufacturing PMI rises to nine-month high.

Judge to sentence Trump before inauguration in hush money case

Judge Juan Merchan set sentencing for January 10, 2025, just ten days before Trump's inauguration.

Merchan is not inclined to impose jail time, leaning towards an unconditional discharge.

Trump's conviction includes 34 counts of falsifying business records to cover up a hush money payment.

Trump plans to appeal the decision, calling it an illegitimate political attack. [Learn more]

Microsoft plans to invest $80 billion on AI-enabled data centers in fiscal 2025

Microsoft plans to invest $80 billion in fiscal 2025 on building AI-enabled data centers.

The data centers will be used to train AI models and deploy AI and cloud-based applications.

More than half of the investment will be focused in the United States.

Microsoft's capital expenditure in the first quarter of fiscal 2025 rose 5.3% to $20 billion. [Learn more]

China's tech giants vow to fix algorithm issues amid government crackdown

ByteDance's Douyin will establish a safety center to make its recommendation system more transparent and diverse.

Pinduoduo aims to prevent Big Data-enabled price discrimination and build a healthier ecosystem.

Xiaohongshu invites users to learn about its app algorithms and allows them to disable personalized recommendations.

The campaign is led by the Communist Party's commission for cyberspace affairs and other relevant departments to address typical issues with algorithms. [Learn more]

Joke of the Day!

What do you call a horse that lives next door?

Your neigh-bour!

Generative AI Photo of the Day!

Credit: DALL-E 3

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