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AI SPENDING SPREE
AI data centre boom doubles Big Tech debt to $350 billion in five yearsMajor AI data center builders have doubled their debt in five years. This borrowing finances an unprecedented spending spree for economic t...- SpaceX and AI startup wealth fuels demand for private jetsThe IPO of Elon Musk's SpaceX, whose holdings include artificial-intelligence firm xAI, raised a record $85.7 billion for the company and g...
- AI's biggest winners may be the engineers who don't write codeIndia's AI data-centre industry is witnessing explosive growth, leading to an unprecedented demand for mechanical and electrical engineers ...
- US manufacturing activity eases in June; prices paid by factories remain elevatedUS manufacturing activity saw a slight dip in June, following a robust May. While expansion continues for the sixth month, the pace has mod...
- OpenAI weighs IPO in 2027 after expected Anthropic public debutAI giant OpenAI is reportedly eyeing a 2027 initial public offering, potentially after rival Anthropic. Both companies have confidentially ...
- Global Market Today: Asian stocks dip at open as oil edges higherAsian markets opened lower as oil prices inched up, with investors closely monitoring US-Iran peace talks. Despite positive initial reports...
- David Wadhwani, Anil Chakravarthy or...? Adobe Looks within & outside for CEO in AI eraAs part of the search, Microsoft Executive VP Charles Lamanna held discussions with Adobe about the role, but ultimately opted against cont...
- Firms on AI spending spree: US tech companies cut most jobs in nearly 2 yearsThe tech sector said last month it planned to eliminate 38,242 positions, the most since August 2024, according to data from outplacement f...
- AI companies are barreling toward huge Wall Street debuts. A look at the biggest playersFrom Anthropic to SpaceX to OpenAI, tech giants are looking to take their shares public to access more capital in the race to shape the tec...
- Policybazaar founder warns of insurance squeeze; IT's buying spreeHappy Wednesday! Policybazaar’s Yashish Dahiya has warned that proposed commission caps could disrupt the insurance distribution industry. ...
- Nvidia posts record $81.6 bn quarterly revenue on AI spending boomChip giant Nvidia on Wednesday posted record quarterly revenue of $81.6 billion, blowing past Wall Street forecasts as insatiable demand fo...
- Gravity-defying Korean stock boom sparks wild Rolex, Bentley luxury shopping spreeSouth Korea's Kospi market surge has fueled a luxury goods boom, with teenagers and young adults leading the spending spree. Pent-up consum...
- Cisco shares hit record on strong forecast, AI push with job cutsThe jump, if sustained, would mark the best day for the stock since a robust earnings reports in May 2002 sparked a furious rally in the ...
- Uber's India data centre bet; Cyber cover meets AI riskUber will establish its first data centre in India with the Adani Group. This and more in today’s ETtech Top 5.
- Alphabet, Amazon tap overseas debt markets to fund AI infrastructure pushAs the race to dominate artificial intelligence heats up, major technology firms are escalating their borrowing. Alphabet plans to launch i...
- ET Graphics: AI puts data handlers onCloud companies are capitalising on the AI surge. Spending on AI infrastructure is rapidly increasing, with billions committed for future y...
- US stocks today: Nasdaq, S&P 500 hit fresh highs as US market extends gains after best month in yearsWall Street's major indexes opened higher on Friday, extending their strongest monthly gains in years. Investor confidence in robust earnin...
- Google Cloud pulls ahead as Big Tech's AI bet swells to $700 billionAlphabet's cloud business is booming, outperforming rivals like Amazon and Microsoft. Tech giants are spending over $700 billion on AI this...
- Explained: Why Meta shares crashed 7% in extended trading amid AI spending spreeMeta shares plunged 7% in extended trading as investors reacted to the company’s plan to sharply increase AI-related spending. The tech gia...
- Billion-dollar salaries, massive investment - is Mark Zuckerberg's out-of-control AI spending rattling investors?Meta AI Mark Zuckerberg spending 2025: Meta's ambitious AI spending, projected between $70-72 billion this year, is raising investor alarms...
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