BofA sees ChatGPT taking aim at Google’s next ad dollar

Google's 1-gigawatt data center in Van Buren Township, Michigan, received final approval. Construction is expected to start soon, with power draw beginning by late 2027. Google secured a 20-year power contract with DTE Energy, committing to significant renewable energy investments. The project faces local opposition due to construction impacts and quality-of-life concerns. Google will benefit from tax breaks and has agreed to infrastructure investments and job guarantees.

The Nasdaq Composite fell 1.88% to 26,692.87 on October 14, 2026, driven by higher-than-expected inflation data and a warning from ASML about semiconductor demand. Key tech stocks like AMD, Micron, and Nvidia declined, while Apple rose 0.3%. The index is now 3.7% below its 52-week high.

Mexico's President Claudia Sheinbaum issued a decree requiring Meta, TikTok, and X to protect minors from harmful content, mandating design restrictions and immediate removal of risky material. Non-compliance may lead to legislation with penalties. The move follows a school attack in October and aligns with global efforts to enhance child safety online.

Meta Platforms (META) shares fell 3.7% after Guggenheim analyst Michael Morris raised his 2027 capital spending estimate to $225 billion. The company reported 28% revenue growth to $60.80 billion in Q2, but operating income declined 8%. Meta projected $130-$145 billion in 2026 capital expenditures for AI and core business. The stock is 15.16% below the GF Value estimate.

Democratic senators accused Meta of misusing a federal R&D tax credit, saving $6.6B from 2023-2025, primarily for AI data centers. They claim the credits are intended for research, not capital expenditures. Meta acknowledges legal risks in its filings. Senators demand details on the company's tax strategy.

Google launched Gemini 4 Argon to the public, initially restricted to select groups. The model offers an introductory price of $2 per million input tokens and $10 per million output tokens, set to increase on Nov. 30. Google highlights Argon's performance in benchmarks and real-world tasks, including robotics. Early adopters like Box CEO Aaron Levie reported significant improvements over previous models.