SoftBank Group soars with a remarkable $2.87 billion profit in the first quarter, fueled by substantial gains from its Vision Fund investments, while its Stargate data center project faces a slight delay and it raises $7.8 billion from offloading T-Mobile shares.
Gulf's booming AI hubs face a looming water crisis, with data centers projected to consume over 426 billion liters annually by 2030, straining the region's scarce freshwater resources as traditional cooling systems rely heavily on water.
Amazon braces for a massive $100 billion capital expenditure in 2025, while tech giants Amazon, Meta, Microsoft, and Alphabet unleash a staggering $315 billion investment spree this year, with Amazon's AWS cloud computing unit anticipating 'lumpy' growth in the coming years.
Meta CEO Mark Zuckerberg announces massive AI spending will continue through 2026 with expenses exceeding 2025 levels, raising total expense forecast to $114-118 billion and investing $14.3 billion in AI startup Scale AI, sending shares soaring 12% after strong quarterly earnings beat expectations.
Pioneering tech giants reshape software engineering through AI innovations, with Google fortifying its AI prowess against ChatGPT disruption, while the electricity-guzzling data centers fueling these AI services surge power prices nationwide.
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.
OpenAI and Oracle unveil 4.5 gigawatts of new Stargate data center capacity, with parts of Stargate 1 in Abilene, Texas operational, as part of a $500 billion AI infrastructure investment plan in the U.S. over the next four years.
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.
In a bid to boost US dominance in artificial intelligence, President Trump unveils an 'AI Action Plan' that seeks to cut environmental regulations for faster construction of AI supercomputers and data centers while promoting 'American values' to counter perceived liberal bias in AI systems.
Google ramps up its 2025 capital expenditure forecast to a staggering $85 billion, a $10 billion increase from earlier projections, fueled by skyrocketing demand for its cloud services, leading to a massive $106 billion backlog and prompting accelerated data center construction and server investments.