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Microsoft sued by shareholders over expenses, cloud business, AIAbout $357 billion of market value was erased, and Microsoft's stock suffered its biggest one-day decline in nearly six years.- OpenAI joins rival Anthropic in race to Wall StreetOpenAI did not disclose the size or terms of the offering, and said a timeline has not yet been determined. "It may be a while because ther...
- OpenAI files for US IPO after Anthropic as AI giants head to public marketsAI giant OpenAI has confidentially filed for a US initial public offering. This move follows rival Anthropic's similar filing. Investors ar...
- How Larry Ellison, Masayoshi Son, Michael Saylor AI crypto billionaires reshaping legacy wealth in 2026 markets shift?Oracle’s AI cloud surge, SoftBank’s OpenAI-backed rebound, and MicroStrategy’s Bitcoin strategy reflect a new billionaire era. Over $1 tril...
- PM Modi’s high stakes push for sovereign AI faces reality checkIndia is striving to build its own artificial intelligence capabilities, aiming for self-reliance and global export. However, the nation fa...
- US-led AI investments risk capital destruction: Chris WoodJefferies' Chris Wood warns of significant capital destruction in the current AI investment cycle, drawing parallels to past boom-and-bust ...
- Gig workers' incentives cool; YC attendees resell AI creditsHappy Tuesday! Despite a shortage of delivery workers, payouts for gig riders have increased only slightly this summer. This and more in to...
- Bill Gates Foundation fully exits Microsoft, sells final $3.2 billion stakeAfter over 25 years, the Bill & Melinda Gates Foundation has divested its final 7.7 million Microsoft shares, valued at $3.2 billion. This ...
- Flipkart puts IPO on ice; Rapido's $240 million raiseFlipkart has hit pause on its IPO in a jittery market. This and more in today's ETtech Top 5.
- Bill Ackman's Pershing Square takes stake in Microsoft, citing 'compelling' valuationBillionaire investor Bill Ackman's fund Pershing Square is revealing a new investment in Microsoft. Ackman believes the tech giant is under...
- Is the AI boom eating its own tail? The strange economics of billion-dollar dealsTech giants like Google and Amazon are investing billions in AI rivals like Anthropic, creating a 'Circular Capitalism' loop. Companies fun...
- US stock market today hits new records as Nasdaq crossed 25,000 for the very first time: Dow Jones, S&P 500 and Nasdaq surge as Wall Street begins May with massive rally - Apple leads gainsUS stock market today opens May with rare strength. Momentum feels real, not forced. The Dow Jones Industrial Average climbs near 49,815. T...
- Remember Twitter's CEO fired by Elon Musk? Parag Agrawal just built a $2 billion empire from scratchFormer Twitter CEO Parag Agrawal's new company, Parallel Web Systems, has secured $100 million in funding. This investment values the start...
- Amazon CEO on Now growth; Big Tech dials up AI spendIn India’s hypercompetitive quick commerce space, Amazon CEO Andy Jassy said Now is growing fast. This and more in today’s ETtech Top 5.
- 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...
- Meta falls behind as Alphabet, Amazon outpace Facebook-parent in AI shift during earningsTech giants, including Google-parent Alphabet, Amazon, Microsoft, and Meta, announced their quarterly earnings on Wednesday, with the Faceb...
- Microsoft expects strong cloud business growth, plans record capital spendingMicrosoft anticipates robust sales for its Azure cloud services. The tech giant is planning substantial capital expenditure for 2026. This ...
- Microsoft stock price, earnings, investor relations and quarterly cloud revenue growth fall after cloud results and AI spending updatesMicrosoft stock price, earnings, investor relations and quarterly cloud revenue growth remained in focus after the company reported Azure g...
- Google parent Alphabet's cloud unit beats quarterly revenue estimates on strong AI demandAlphabet's cloud unit revenue surged 63% to $20 billion, exceeding estimates and driven by strong enterprise spending on AI infrastructure....
- 80 seconds of big tech earnings will decide stock market’s fateInvestors await earnings reports from Alphabet, Meta, and Microsoft after trading ends Wednesday. These tech giants' results will guide mar...
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