So I guess Zuck has convinced Wall Street that all the capex spending on AI is fine. How good a business is Tether? A gooooood business. The first arrival of Apple Intelligence is sort of a ho-hum for now. And how sports is completely transforming the streaming wars battlefield.Links:Meta’s Lesson in Allaying Wall Street’s A.I. Fears (Dealbook/NYT)Meta’s AI Costs Surge as Digital Advertising Revenue Grows (WSJ)Reddit CEO says Microsoft needs to pay to search the site (The Verge)Tether Nets $5B Profits This Year, Says Its US Debt Holdings Surpassed Germany's (CoinDesk)A first look at Apple Intelligence and its (slightly) smarter Siri (The Verge)Disney, Fox and Warner Bros. Discovery’s Sports Streamer Venu to Launch at $42.99 per Month (Variety)How the NBA’s Slam-Dunk Deals Will Reshape TV (The Hollywood Reporter)See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.