How do giant technology companies fund the artificial intelligence revolution?

Bill Ackman of Pershing Square said on the All-In Podcast that mega-cap stocks are being undervalued like Berkshire Hathaway was during the dot-com peak. He cited holdings in Microsoft, Meta and Amazon, noting Microsoft’s AI revenue run rate exceeded $37 billion (up 123% YoY) and Meta’s Q1 revenue rose 33.1%. He warned niche software charging about $30,000/year faces AI replication risk.

Massachusetts House lawmakers unanimously approved a consumer data privacy bill aimed at limiting companies’ data collection, tightening protections for minors, and banning the sale of sensitive data, including precise geolocation within 1,750 feet. The Senate passed its version unanimously last year. Enforcement differs, with the House bill adding a “private right of action” for consumers against large firms. Lawmakers must reconcile versions before sending to Gov. Maura Healey.

Alphabet, Google’s parent, announced a near US$50bn equity raise with another US$40bn via an at-the-market program, to fund data centres and AI infrastructure. The company agreed a US$10bn Berkshire Hathaway private placement and a US$34.75bn underwritten public offer, upsized from US$30bn; with greenshoes, proceeds reached US$39.96bn. Alphabet said AI capex could reach US$190bn this year.

Alexandr Wang, 28, became Meta’s first Chief AI Officer and is leading Meta Superintelligence Labs, according to the article. Speaking at the Bloomberg Tech conference, he indicated Meta may prioritize practical AI use cases, especially healthcare and wellbeing, rather than competing only on general-purpose benchmarks. The piece says Meta invested $14.3 billion in Scale AI for a 49% stake in June 2025.

Meta reported that attackers used its AI customer support agent to help steal Instagram accounts by getting it to link accounts to attacker-controlled emails. The piece contrasts this with Anthropic’s “Mythos” hacking concerns, saying simpler exploits still matter as more tasks move to AI. It also cites psychologist Gloria Mark warning chatbots may worsen attention and cognitive control.

String Metaverse Limited (BSE: META) said shareholders approved a special resolution for an exclusive bonus issue to public shareholders: 2 bonus equity shares for every 9 shares held. The company reported e-voting ended June 4, 2026, with an overwhelming majority in favor, and set June 19, 2026 as the record date. The company said the move supports compliance with the 25% minimum public shareholding rule.