amazon launches microsoft while google expands its platform

Key Takeaways

• Jim Cramer says the AI trade is broader than most think, and cloud giants like Amazon, Microsoft, and Alphabet must spend big on AI or risk losing business to rivals.
• White House National Economic Council Director Kevin Hassett forecasts 4% economic growth driven by AI and tax incentives.
• The White House is studying an executive order to create a vetting system for new AI models, similar to FDA drug approval.
• Meta uses AI to find and remove underage accounts on Facebook and Instagram, scanning photos and interactions without facial recognition.
• Meta is developing an advanced agentic AI assistant powered by its Muse Spark AI model, capable of sending emails and making phone calls.
• Seattle Mayor Katie Wilson lifted restrictions on city employees using Microsoft Copilot, but publicly available tools like ChatGPT remain blocked.
• Kled, backed by Andreessen Horowitz, banned all of Nigeria over a 95% fraud rate on Nigerian uploads, sparking criticism.
• South Korea's venture investments surpassed 1 trillion won, with AI startups receiving the largest share, including Upsetaji (20 billion won) and Hollidei Robotiks (15 billion won).
• Meesho CEO says over 70% of code is AI-generated, and more than 75% of orders come from personalized AI-powered feeds.
• Seagate stock surged over 50% year-to-date driven by AI infrastructure demand, while Micron stock fell 3.4% after a massive AI-driven rally.

Jim Cramer says AI trade is bigger than most think

Jim Cramer, host of 'Mad Money,' said the AI-led computer economy is much broader than most people realize. He discussed how investors can avoid noise in the AI space and pick winning stocks. Cramer emphasized that the AI trade extends beyond just a few big companies.

Jim Cramer says Big Tech must spend big on AI

CNBC's Jim Cramer argued that cloud computing giants like Amazon, Microsoft, and Alphabet cannot afford to be cheap on AI spending. He said customers like OpenAI and Anthropic already exist, so companies must build data centers or risk losing business to rivals. Cramer compared the situation to the movie 'Field of Dreams,' but noted the customers are already here, not just hoped for. He warned that if Amazon does not invest, its business and billions in payments will go to competitors.

Jim Cramer discusses the expanding AI trade

Jim Cramer, host of 'Mad Money,' said the AI trade is broader than most people realize. He offered advice on how to avoid noise in the AI space and pick winning investments. Cramer's comments focused on the wide range of opportunities in the AI economy.

Hassett predicts 4% growth driven by AI and tax incentives

White House National Economic Council Director Kevin Hassett forecasted 4% economic growth, citing the AI boom and tax incentives as key drivers. He joined FOX Business' Maria Bartiromo to discuss soaring markets, falling oil prices, and progress with Iran. Hassett said strong tax policy, investment, and consumer spending are powering the US economy.

White House plans executive order for AI security vetting

The White House is studying a possible executive order to create a vetting system for new artificial intelligence models, according to National Economic Council Director Kevin Hassett. He told Fox Business that future AIs that could create vulnerabilities should go through a safety process before release, similar to how the FDA approves drugs. The order would provide a clear roadmap for AI development and security.

Kled startup bans all of Nigeria over fraud concerns

Kled, a data-licensing startup backed by Andreessen Horowitz and Unshackled Ventures, removed its app from Nigeria and IP-banned the entire country. Founder Avi Patel cited a 95% fraud rate on Nigerian uploads, including fake Japanese passports with photoshopped Nigerian faces. Critics noted that Nigeria has a $285 billion economy and a growing tech ecosystem, and that the startup's fraud system may be the real problem. Patel's decision to ban 223 million people instead of fixing the funnel sparked debate about the company's approach.

South Korea venture investments top 1 trillion won with AI focus

South Korea's venture investments surpassed 1 trillion won, with a strong focus on deep tech, especially artificial intelligence. The Korea Venture Investment Association reported that AI startups received the largest share of investments. Upsetaji, an AI-powered robot developer, secured 20 billion won in March, and Hollidei Robotiks received 15 billion won. The government's support for deep tech innovation, including funding and tax incentives, is driving this trend.

Meesho CEO says 70 percent of code is now AI-generated

Meesho CEO Vidit Aatrey revealed that over 70% of the code at the Indian e-commerce platform is now AI-generated. Platform experiments have doubled year-on-year as a result of AI-assisted development. More than 75% of orders come from personalized feeds powered by PRISM, an AI recommendation engine that infers customer intent before they search. Meesho also built tools for the Indian market, including Vaani, a voice-based interface that brought in first-time online buyers.

Seagate stock surges as AI infrastructure demand drives growth

Seagate Technology is crushing Micron in 2026, driven by incredible demand for hard disk drives and a favorable pricing environment. The company's AI infrastructure business is expected to grow revenue to $10.3 billion by 2026, up from $6.4 billion in 2020, a compound annual growth rate of 15.6%. Seagate's hard disk drives and solid-state drives are used in AI applications like natural language processing and computer vision. The stock has risen over 50% year-to-date and could go even higher as AI demand continues.

Meta uses AI to find and remove underage accounts

Meta, the maker of Facebook and Instagram, is using AI to verify age and deactivate accounts of users under 13. The tool scans photos, videos, text, and interactions to identify underage users, going beyond just asking their age. Meta says it does not use facial recognition but instead looks at things like height and bone structure to estimate age. The goal is to remove accounts that should not be on the platforms.

Seattle mayor lifts pause on city employee AI use

Seattle Mayor Katie Wilson lifted restrictions on city employees using AI, allowing them to use Microsoft Copilot for daily tasks. Publicly available tools like ChatGPT remain blocked. Wilson paused the Copilot rollout earlier this year due to union concerns about job replacement and privacy. She said the city wants to equip teams with useful tools while protecting public trust and privacy. Seattle is also working with the University of Washington to analyze city laws for contradictions.

Meta plans advanced agentic AI assistant for users

Meta is developing agentic tools, including an advanced digital assistant powered by its new Muse Spark AI model, according to the Financial Times. The assistant is being tested internally by a group of staff and aims to create a product similar to Google's OpenClaw, which can send emails and make phone calls. Separately, The Information reported that Meta is training an internal AI agent with a codename.

Micron stock takes a breather after massive AI-driven rally

Micron stock fell 3.4% to $93.41 on Wednesday as investors took profits after a massive rally that saw the stock surge over 50% in the past month. The decline came amid booming demand for AI chips used in cloud computing, autonomous vehicles, and smart homes. Analysts said the stock's underlying fundamentals remain strong and expect it to perform well long-term. CEO Sanjay Mehrotra expressed confidence in the company's ability to meet growing AI chip demand.

Sources

• The AI-led computer economy is far broader than most people realize, says Jim Cramer
• Jim Cramer says Big Tech cannot afford to be cheap on AI spending
• Jim Cramer talks the broadening of the AI trade
• Hassett forecasts 4% growth, says AI boom and tax incentives driving US investment surge
• White House Prepares Order to Boost AI Security, Hassett Says
• Kled IP-Banned All of Nigeria. The Defense Made It Worse.
• South Korea's Venture Investments Surpass 1 Trillion Won, Concentrated in AI
• 70% Of Code At Meesho Is Now Written By AI, Says CEO Vidit Aatrey
• Meet the Artificial Intelligence (AI) Infrastructure Stock Crushing Micron Technology in 2026. Its Red-Hot Earnings Growth Could Send It Even Higher
• Meta to use AI to verify and deactivate underage accounts: Here's how it works
• Mayor Katie Wilson lifts restrictions on city employees’ AI use
• Meta plans advanced 'agentic' AI assistant for users, FT reports
• Micron stock pauses massive rally as investors take profits amid booming AI demand