Lizzie Burden

And this is Bloomberg.

News when you want it with Bloomberg News Now.

I'm Lizzie Burden.

And I'm Caroline Hepker.

The world's largest tech firms are showing no sign of easing up on AI spending as earnings reveal plans worth hundreds of billions of dollars.

Metroloan has ambitions to spend as much as $135 billion this year as Microsoft, Samsung and Tesla also ratchet up capital expenditure.

Meta CEO Mark Zuckerberg says the cash is needed to front load computing capacity and the company's already seeing a payoff in the way AI is being used internally.

Mark Zuckerberg speaking there on Meta's earnings call as the firm's better than expected sales outlook helped to ease market concerns over record spending.

The price of bullion has once again soared this week, fuelled by a weaker dollar and investment flight from sovereign bonds and currencies.

Martin Ritchie is our metals and mining reporter.

Martin Ritchie speaking to us there as growing bets on a dovish Fed policy shift helping propel a record-breaking rally across commodities with gold, copper and silver all hitting new record highs.

And Deutsche Bank has announced a €1 billion share buyback as it reported pre-tax profits of just over €2 billion for the fourth quarter.

However, the results were overshadowed after the lenders' offices in Frankfurt and Berlin were raided by German authorities yesterday.

It's part of a money laundering probe looking at past dealings by staff with firms linked to Roman Abramovich.

Here's what Deutsche Bank's CFO, James von Moltke, told Bloomberg about the investigation.

James Valmolka speaking there.

As news of the probe drove the bank's share price lower yesterday, it closed down 2% and currently in trading, Deutsche Bank shares are down 2.4%.

That's news when you want it with Bloomberg News Now.

I'm Lizzie Burden.

I'm Caroline Hepka and this is Bloomberg.