Bloomberg’s Caroline Hyde discusses the tech sell-off as shares fall for a second day. Plus Bank of America’s new chief technology and information officer talks about the bank’s use of AI as a new report from MIT shows most enterprises see no return on investment from their AI spend. And analysts offer their take on Meta restructuring its AI team again. (Source: Bloomberg)

Palantir Technologies Inc.’s six-session stock-market losing streak has wiped out $73 billion in market value, handing a rare win to short sellers who are getting pounded after betting against this year’s Wall Street juggernaut.

Microsoft Corp. activist employees and supporters were detained by police after returning to the company’s headquarters for a second day to demand that the software maker sever business ties with the Israeli military.

Louisiana’s utility regulator approved Entergy Corp.’s plan to build three new gas plants that will power Meta’s data center in the state, the company said in a news release Wednesday.

Thirty percent of the studio was laid off this week, adding more years to the game’s production

OpenAI is considering eventually helping other businesses tap into the data centers and physical infrastructure needed for artificial intelligence, potentially creating a new revenue line that could offset some of the ChatGPT maker’s immense costs.

Rappi Inc., one of Latin America’s most valuable startups, secured a $100 million loan from Banco Santander and Kirkoswald Capital Partners, marking its largest debt financing since the Colombian delivery startup’s founding a decade ago.