cloud computing

Alibaba shares dip as AI spending drives earnings miss

Alibaba Group on Thursday reported a 9% year-over-year increase in quarterly revenue to RMB268.95 billion (US$39.6 billion) for the quarter ended June 30, beating Wall Street estimates, as surging demand for artificial intelligence services powered accelerating growth in its cloud…

Microsoft’s $678B backlog fuels AI optimism amid capex scrutiny

Microsoft closed its fiscal 2026 fourth quarter with Azure and other cloud services growing 43% year-over-year, pushing the unit past $100 billion in annual revenue for the first time. The milestone, reported on July 29, has reshaped the competitive landscape…

Europe’s AI data centers move far from cities as power drives site decisions

Dallas-Fort Worth has unseated Northern Virginia as the world's leading data center market, according to new reports from Cushman & Wakefield and JLL Jones Lang LaSalle Incorporated, as insatiable demand for AI computing power reshapes the geography of digital infrastructure…

Marvell gives Google right to buy $12.2B stake in AI chip pact

Marvell Technology disclosed Wednesday that it has issued Alphabet's Google a warrant to purchase up to 58,970,907 shares of common stock at $206.58 per share — a stake worth approximately $12.18 billion — as part of a binding agreement to…

Azure crosses $100B in annual revenue as Microsoft stock surges

Microsoft has become the first hyperscaler to convert its massive AI infrastructure spending into a $100 billion annual cloud revenue run rate, a milestone that sent shares surging roughly 18% and reframed the debate over whether Big Tech's AI bets…

Anthropic’s 14-fold revenue surge powers global tech rally

Anthropic told prospective investors that its second-quarter revenue jumped at least 14-fold from a year earlier to more than $11.5 billion, according to documents seen by Bloomberg News. The Claude chatbot maker's preliminary Q2 figure compared with $787 million in…

Amazon nears $3 trillion valuation as AWS powers record growth

Amazon Amazon.com, Inc. Web Services posted $42.2 billion in second-quarter revenue, a 37% year-over-year increase that beat Wall Street expectations and marked the cloud unit's fastest quarterly growth in 18 quarters. The results, reported on July 30, have propelled Amazon's…

Chinese AI rivals force OpenAI, Anthropic into price war

A new generation of cost-efficient Chinese AI models is reshaping the economics of the artificial intelligence industry, forcing American leaders OpenAI and Anthropic to slash prices as they prepare for public market debuts that will demand proof of profitability.

Mistral AI launches European compute coalition targeting 1 GW by 2030

French artificial intelligence company Mistral AI on Tuesday unveiled a sweeping infrastructure expansion designed to turn European AI sovereignty into a commercial product, announcing regional inference endpoints, a priority service tier with uptime guarantees, and a coalition of enterprises whose…

Alibaba opens Qwen developer platform as it monetizes AI ecosystem

Alibaba Group Holding unveiled Qwen3.8-Max, a 2.4-trillion-parameter multimodal AI model, marking a return to open-sourcing its top-tier models after keeping several recent flagship releases proprietary earlier this year. The company simultaneously introduced a revenue-sharing model for commercial users and opened…

AI inference spending overtakes model training for first time, Gartner says

Global spending on AI inference workloads is set to exceed training expenditures for the first time this year, a shift that Gartner says marks a turning point in how businesses use artificial intelligence. According to a Gartner report released Monday,…

Microsoft plans to unveil Maia 300 AI chip this fall

Microsoft is preparing to publicly unveil its next-generation Maia 300 AI chip this fall, potentially as soon as September, as the company looks to ramp up its homegrown silicon effort and reduce its dependence on Nvidia hardware.

Big Tech’s AI spending tops $740B in 2026, up 77%

Amazon Amazon.com, Inc., Alphabet, Meta, and Microsoft are on track to spend a combined $740 billion or more on artificial intelligence infrastructure in 2026, roughly 77 percent above what the same four companies spent the prior year. The figure represents…

Google reshuffles AI leadership as cloud growth outpaces rivals

Alphabet delivered a second-quarter earnings beat on July 22 that reinforced its position at the center of the AI infrastructure boom, posting revenue of $119.8 billion — up 24% year over year — while raising its full-year capital expenditure guidance…

Big Tech’s AI buildout drives $1.46T in physical assets

The four largest U.S. technology companies spent a combined $170 billion on capital expenditures in the second quarter of 2026, a 72 percent increase from a year earlier, as the artificial intelligence infrastructure buildout enters a new phase defined not…

Azure crosses $100B as Microsoft beats on earnings

Microsoft delivered a blockbuster fiscal fourth quarter on July 29, reporting revenue of $90 billion — an 18% year-over-year increase that exceeded analyst expectations by roughly $2.4 billion — while Azure crossed $100 billion in annual revenue for the first…

Cloud giants raise capex forecasts to $595B as AI demand outstrips capacity

Global spending on cloud infrastructure services reached $143.4 billion in the second quarter of 2026, a 43% year-over-year increase that marks the fastest growth rate in eight years, according to data from Synergy Research Group published last week. The market…

Anthropic signs $10B deal with Nvidia-backed cloud startup Volta

Anthropic is rapidly assembling one of the largest computing footprints in the AI industry, pairing a $200 billion five-year spending commitment with Google Cloud Alphabet Inc. alongside a newly disclosed $10 billion contract with Nvidia -backed cloud startup Volta Infra…

ISO approves China-led global blockchain standard

The International Organization for Standardization has approved a new project led by China to develop a global technical standard for Blockchain as a Service, according to a report from China Central Television. The initiative marks a step toward establishing common…

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Amazon surpasses $3 trillion market cap for first time

Amazon Amazon.com, Inc. surpassed $3 trillion in market capitalization for the first time on Monday, becoming only the fifth company ever to reach the milestone as a wave of artificial intelligence optimism continued to lift technology stocks.

Microsoft surges 22% in a week after $678B AI backlog revealed

Microsoft posted its largest weekly gain in years after disclosing a commercial order backlog of $678 billion, an 84% increase from a year earlier, sending a clear signal to investors that demand for its cloud and AI services is outpacing…

Bezos reclaims third-richest spot as Amazon surges on blowout earnings

Jeff Bezos vaulted back into third place on the world's wealth rankings on Friday after Amazon Amazon.com, Inc. shares surged more than 14%, their largest single-day gain in over four years. The rally, which followed a quarterly earnings report that…

OpenAI says it surpassed 1 billion users after slashing GPT-5.6 prices

OpenAI disclosed Friday that its models now reach more than one billion active users and more than two million businesses, a milestone announced one day after the company slashed prices on two models in its GPT-5.6 family by as much…

Amazon completes $35B final tranche of OpenAI investment

Amazon Amazon.com, Inc. has completed the remaining $35 billion of its $50 billion investment in OpenAI, finalizing one of the largest corporate investments in the history of the technology industry, The Information reported on Thursday. The completion comes roughly five…

Cloud spending hits $143B in Q2, fastest growth in 8 years

Enterprise spending on cloud infrastructure services surged to $143 billion in the second quarter of 2026, marking a 43 percent year-on-year increase and the highest growth rate in eight years, according to new data from Synergy Research Group, now part…

Global tech stocks surge as Microsoft, Amazon earnings revive AI confidence

A powerful rally in technology stocks swept across global markets on Friday, July 31, after blockbuster earnings from Microsoft and Amazon Amazon.com, Inc. revived investor confidence that massive spending on artificial intelligence infrastructure will deliver returns, reversing weeks of punishing…

Big Tech spent $170B on AI in one quarter as cash flow turns negative

Amazon Amazon.com, Inc., Google Alphabet Inc., Meta, and Microsoft are projected to collectively invest $1.5 trillion in data centers and AI infrastructure over 2026 and 2027, according to Wall Street estimates compiled by FactSet. The spending surge has prompted mounting…

ByteDance folds Lark into AI units as revenue hits $4B

ByteDance's annualized revenue from its large language model business has reached $4 billion, making it the largest publicly known AI revenue figure among Chinese companies, according to the South China Morning Post. The milestone, based on average consumption in July…

Amazon tops Q2 estimates as AWS posts fastest growth in 18 quarters

Amazon Amazon.com, Inc. reported second-quarter results after the bell on Thursday that far exceeded Wall Street expectations, driven by accelerating demand for its cloud and artificial intelligence services.

OpenAI cuts GPT-5.6 Luna price by 80% just weeks after launch

OpenAI on Thursday cut prices for two of its three GPT-5.6 models just three weeks after their public launch, reducing the cost of its cheapest tier by 80% and its mid-range offering by 20% as the company faces mounting pressure…