Major tech giants like Meta, Amazon, and Google are ramping up their AI investments to a staggering $325 billion in 2025, a 46% surge from 2024, despite investors' concerns over the lack of clear revenue streams from AI offerings, as these companies bet big on long-term payoffs.
Nvidia confronts a $1 billion black market as Chinese distributors illegally sell prohibited AI chips including B200 models to bypass Trump-era export restrictions, while CEO Jensen Huang announces breakthrough agreement allowing resumed H20 chip sales to China.
Microsoft raids Google DeepMind for AI talent, hiring around two dozen employees in recent months to bolster its Copilot assistant led by former DeepMind co-founder Mustafa Suleyman, intensifying the fierce competition between tech giants for top AI talent.
Alphabet soars with $96.43 billion revenue in Q2, beating expectations, and boosts investment in its booming Cloud business to $85 billion by 2025 amid surging demand.
IBM reports Q2 earnings exceeding estimates and raises full-year free cash flow outlook, but software revenue misses expectations and gross margin narrows, causing shares to dip as much as 6% in extended trading despite outperforming the S&P 500 significantly this year.
Alphabet shatters records with a staggering $96.4 billion Q2 2025 revenue, propelled by YouTube's $9.79 billion ad revenue and Cloud's $13.62 billion revenue, despite losses in its Other Bets segment.
Tesla's automotive revenue drops 16% as sales slump, Elon Musk warns of 'rough quarters' ahead due to tariff costs and tax credit expiration, while robotaxi service kicks off in Austin with broader rollout planned by year-end.
Breaking news: President Trump reverses stance, greenlights Nvidia's $4 trillion chip sales to China after CEO Jensen Huang's persuasive talks, abandoning previous plans to break up the market-dominant tech giant.
Oracle and OpenAI massively expand their Stargate project with a 4.5 gigawatt data center capacity boost, promising over 100,000 new jobs and exceeding initial targets through strong partnerships and momentum.
Anthropic CEO Dario Amodei discloses plans to pursue investments from Gulf states like UAE and Qatar, acknowledging ethical concerns about enriching 'dictators' but citing the need for massive capital to stay at the forefront of AI development.