OpenAI Lifts Compute Spending Outlook to $750 Billion
OpenAI has raised its planned spending on computing power through 2030 to nearly $750 billion, up from roughly $600 billion at the start of the year, according to people familiar…
Alphabet Raises AI Spending to $205 Billion as Cloud Orders Surge
Sundar Pichai had a number ready on Alphabet’s earnings call: $514 billion. That, the chief executive said, is the backlog of cloud orders the company is sitting on, driven by…
EU Fines Google $1 Billion in First Digital Markets Act Case
The European Commission on July 22 fined Google €890 million, about $1 billion, the first penalty imposed under the Digital Markets Act since the law took effect in 2024. The…
Cybersecurity Startup Glow Emerges From Stealth at $1.2 Billion Valuation
The pitch that Glow’s founders made to investors began with a question: who guards the software that acts on its own? On Tuesday, the company stepped out of stealth with…
Google Opens Play Store to Rivals in Canada
For the first time since Google Play’s launch, an app store that is not Google’s can appear inside it. The company said it will allow third-party app stores and alternative…
Meta Faces Class Action Over AI’s Role in Layoff Decisions
When a group of former Meta employees began comparing notes after their departures, they concluded that the decisions had not been made by their managers. Now they are suing to…
SK Hynix Denies Intel Ohio Talks, Adds $5 Billion for AI Memory
In Seoul, the trading day began with a headline and ended with a denial. SK Hynix shares fell as much as 4 percent in early trading on reports that the…
Amazon Cuts AGI Research Jobs in Its Largest Cost Push Since 2022
Inside Amazon’s artificial general intelligence unit, the group the company once described as its moonshot, managers began delivering a different message this week: the budget is shrinking. Reuters reported that…
Super Micro Sees Revenue Near Low End of Range but Raises Margin Outlook
Super Micro Computer’s stock had been punished for a year over a single number: gross margin. On Tuesday evening, the server maker gave investors something they had not heard in…
ASML Raises 2026 Outlook as High-NA EUV Enters Intel’s Lines
In Veldhoven, the machines are finally doing what the industry hoped they would. ASML raised its revenue guidance for 2026 in a quarterly update this week, citing progress on its…
