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Amazon joins $3 trillion club as AI, cloud growth fuel stock rallyAmazon crossed a $3 trillion market valuation after strong earnings and robust cloud growth reinforced confidence in its AI investments. Sh...- Australia hikes levy for tech giants that fail to strike local news dealsAustralia's government has raised a planned levy on tech giants. This charge will apply if they fail to reach news deals. The levy now stan...
- DeepSeek's new AI model is by far the cheapest of well-known models to run, research firm saysA version of Chinese startup DeepSeek's flagship AI model is by far the least expensive to run on benchmark tests among well-known models g...
- Alibaba unveils its most capable AI model to date, not far behind Moonshot's in sizeChinese tech companies - a huge force in open-weight AI models globally - are locked in a fierce and fast-moving battle to build more power...
- AI bubble gone bust? Once a billionaire, how AI investor Leopold Aschenbrenner lost most of his hedge fund’s fortune in daysAschenbrenner's fund, Situational Awareness, massively grew to as big as $45 billion at the beginning of July before big losses took hold, ...
- Peter Lynch does not like the AI trade; here's why he says 'Know what you own'Analysts soon began sounding the alarm over the massive AI spending and rising debt of the tech giants, questioning if they will actually b...
- Amazon soars as cloud revenue surge allays fears over ballooning AI betsAmazon shares surged after robust cloud sales growth validated AI investments. The company posted its strongest cloud growth in over four y...
- Alphabet rolls back AI image generation in Google Earth over policy violationsThe tool had come under criticism for its potential for misinformation as it allowed users to create fake scenarios on top of real imagery...
- Moonshot has Nvidia chip cluster from Alibaba computing deal: Bloomberg News reportsChinese AI firm Moonshot has secured computing power from Alibaba. This deal involves approximately twenty thousand Nvidia chips for their ...
- Amazon soars as cloud revenue surge allays fears over ballooning AI betsAmazon shares surged significantly after reporting robust cloud sales growth. This performance reinforced investor confidence in the compan...
- Why does Google want to release 64 million bacteria-riddled mosquitoes across California and Florida?Google seeks approval to release millions of bacteria-infected mosquitoes in California and Florida. This initiative aims to reduce mosquit...
- Amazon to boost spending on AI and other technology by $20 billion after strong Q2 resultsThe Seattle-based company said Thursday that sales in its cloud computing unit called AWS rose 37% during the April-June period, faster tha...
- Banks in talks to lend $15 billion for Anthropic data center backed by Google: WSJBig Tech has been pouring billions of dollars into AI data centers and computing power as demand continues to outstrip supply.
- Meta misses profit expectations, sticks to massive AI spendingThe Facebook and Instagram parent company reported free cash flow of $784 million in the second quarter ended June 30, down from $8.55 bill...
- AI Big Short? Why rising credit default swaps are spooking investors and how is it similar to 2008 housing crisisRising credit default swaps on major technology companies are fuelling concerns over a potential AI-driven market correction. Investors are...
- Explained: Why Microsoft shares rallied 9% in extended trading after Q4 earnings despite AI worriesMicrosoft shares surged nearly 9% in extended trading after the software giant reported stronger-than-expected Q4 earnings and Azure cloud ...
- Apple briefly becomes second company ever to notch $5 trillion market valueIts shares were last up 0.2% at $337.7, giving it a market capitalization of $4.96 trillion. At a session high of $342.89, Apple's market v...
- Meta, BlackRock partner on $14 billion El Paso data centerMeta Platforms and BlackRock are developing a $14 billion data center campus in El Paso, Texas. BlackRock-managed funds will own eighty per...
- OpenAI to triple workforce at Dublin European headquarters to 350The AI pioneer said it currently employs over 100 people at its Dublin office, which opened in 2023, and that it plans to hire 250 more ov...
- Top US tech players back open-weights AI, Nvidia founder Jensen Huang shares letter in debut X postLeading American technology firms have jointly endorsed open-weight artificial intelligence models. They believe this approach is crucial f...
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