Zuckerberg, Dimon Sold Shares Ahead Of Stock Rout Triggered By Trump Tariff Talk
Before Trump's tariffs triggered a market crash, business executives like Zuckerberg and Dimon sold their Stocks.
Insiders including Mark Zuckerberg of Meta Platforms Inc., Safra Catz of Oracle, and Jamie Dimon of JPMorgan cashed out billions of dollars in stocks ahead of Trump's tariff announcement that impacted the market. According to analysis from Washington Service, which tracks insider trading, Zuckerberg sold 1.1 million shares worth $0.733 billion through his Chan Zuckerberg Initiative and its affiliated foundation in the first quarter. All sales occurred in January and February.
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As AI burns money rapidly and monetizing open-source models proves difficult, Meta seeks funding from Amazon and Microsoft.
In the past year, Meta sought funding support from several technology companies, including Microsoft and Amazon, to share the training costs of its flagship large language model Llama. Reports indicate that when Meta initially proposed the collaboration idea named "Llama Alliance," the market response was relatively lukewarm.
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OpenAI releases a new generation programming model, intensifying the AI programming competition among Silicon Valley giants.
This week, OpenAI launched the new generation models GPT-4.1, o3, and o4-mini, which excel in solving programming challenges. The company's Chief Product Officer stated that AI will surpass humans in programming capabilities, thus changing the future of Software Development.
Meta, Microsoft Dumped by Blue Whale as Nvidia Becomes Core Bet
Blue whale capital completely sold off Meta (META.US) and Microsoft (MSFT.US), going against the trend to buy NVIDIA (NVDA.US) at a low.
Last year, Blue Whale Capital significantly reduced its Hold Positions in Meta and Microsoft (MSFT.US), and has now completely exited its shares in both technology giants, while also increasing its Shareholding in NVIDIA.
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