Latest Updates Around The World
As Wall Street’s love affair with artificial intelligence heavyweights cools, some investors are turning to infrastructure companies that they expect will benefit from AI investments, a shift that is spawning a slew of new products. After huge gains in recent years, shares of AI technology giants such as Alphabet and Amazon have fallen sharply as […]
Alphabet is looking to raise about $15 billion from the sale of high-quality U.S. bonds, Bloomberg News reported Monday, citing people with knowledge of the matter.Tech companies are turning to selling tens of billions of dollars worth of debt to finance infrastructure expansions as demand for artificial intelligence workloads increases. Cloud computing companies known as […]
Alphabet says rising demand for AI-powered services is driving growth in its business, even as investors wonder when the massive AI spending across the industry will translate into sustainable returns. | Photo credit: Dado Ruvic Alphabet said Wednesday that capital spending could double this year, following another aggressive spending ramp-up by its Google parent company […]
Meta Platforms Inc. reported better-than-expected fourth-quarter revenue of $59.9 billion, beating the average estimate of $58.4 billion, easing investor concerns about record AI spending plans. | Photo credit: Dado Ruvic/Reuters Meta Platforms Inc.’s Better-Than-Expected Sales Outlook helped allay Wall Street concerns about plans for unprecedented spending on artificial intelligence this year. The social networking giant […]
Amazon is looking to raise about $12 billion from the corporate bond market in its first U.S. dollar deal in about three years, Bloomberg News reported Monday, as major tech companies increase investments to stay at the top of the AI ​​race.The e-commerce giant filed for a six-part bond sale earlier in the day without […]
