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S&P 500 ends higher as investors await tech earnings
The S&P 500 rose as gains in Boeing and Coca-Cola offset losses in chip stocks ahead of tech earnings from Apple, Microsoft, and Amazon.
Wall Street ends mixed as investors focus on tech earnings
Wall Street closed mixed as investors focus on upcoming tech earnings from Microsoft, Amazon, Meta, and Apple amid concerns over oil prices and Fed rate hikes.
Alphabet’s cash burn raises alarm for Big Tech as AI spending climbs
Alphabet's record $5.9 billion cash burn highlights rising AI spending pressures on big tech, with Google Cloud growth intensifying competition.
Amazon cuts jobs in its artificial general intelligence group
Amazon reduces staff in its artificial general intelligence group as part of ongoing company-wide job cuts to focus on key AI initiatives.
White House to rally utilities, data centers for AI power cost pledge, sources say
WASHINGTON, July 13 (Reuters) – The White House plans to bring together utility companies and data center developers to make a voluntary pledge designed to ensure that rapid growth in electricity demand from artificial intelligence does not drive up power bills for households and businesses, according to three people familiar with the plans. An event […]
Amazon aims to raise $25B from bond sale, Bloomberg News reports
Amazon plans to raise at least $25 billion through a bond sale to support its AI infrastructure investments, joining other Big Tech firms in tapping debt markets.
Microsoft launches firm to help companies adopt AI with $2.5B
Microsoft launches Microsoft Frontier Company with $2.5 billion funding to help businesses select and integrate AI technologies tailored to their needs.
One in a trillion: Musk’s milestone
Elon Musk became history's first trillionaire following the successful SpaceX IPO, marking a new wealth milestone with significant economic impact.
SpaceX vaults past Amazon’s market value as options listing fuels surge
SpaceX surged past Amazon's market value to $2.655 trillion fueled by heavy options trading and is set for inclusion in major indexes.
Amazon to build massive New Kent distribution center
Amazon plans a 1 million-square-foot distribution center in New Kent County, with construction starting this month.
OpenAI files for US IPO after Anthropic as AI giants head to public markets
OpenAI confidentially filed for a U.S. IPO targeting up to a $1 trillion valuation amid growing competition from Anthropic and SpaceX in the AI sector.
Amazon, Corning sign multibillion-dollar deal to boost fiber optics manufacturing in US
Amazon and Corning signed a multi-billion-dollar deal to expand fiber optics manufacturing and create 1,000 jobs at Corning's North Carolina facilities.
