Amazon.com Inc. is phasing out most of its flagship Nova AI models, including Premier, Omni, Reel, and Canvas, to concentrate resources on a single frontier-model initiative led by researcher Pieter A…
The Nasdaq 100 Index is on track to enter a correction, falling 1.6% on Tuesday and approaching a 10% drawdown from its peak in just 38 trading days, as investor worries about the payoff from artifici…
Meta Platforms Inc. and BlackRock Inc. will jointly build and operate a $14 billion, 1-gigawatt data center complex in El Paso, Texas, with Meta as the initial sole tenant when it goes online in 2028.…
Satellite imagery shows damage to two Amazon.com Inc. data centers in Bahrain, supporting Iran's claims that it struck the sites with missiles, according to Bloomberg News analysis of European Space A…
Alphabet Inc. shares plunged more than 7% on Thursday after the company raised its 2026 capital expenditures to as much as $205 billion and reported negative free cash flow for the first time since it…
President Donald Trump threatened new tariffs on European Union products in retaliation for the EU's $1 billion fine of Alphabet Inc.'s Google, announcing a trade investigation under Section 301 of th…
Goldman Sachs Group Inc. and JPMorgan Chase & Co. launched products this week allowing investors to trade baskets of AI-related high-yield bonds, with Goldman offering a basket of 18 equal-weighted US…
The Magnificent Seven group of megacap tech stocks lost roughly $767 billion in market value on Thursday, its biggest one-day drop since April 2025, as Alphabet Inc. and Tesla Inc. earnings fueled ske…
OpenAI and Anthropic spent a combined $3.17 million on federal lobbying in Q2 2026, a 23% surge from Q1, according to federal disclosures viewed by CNBC. Anthropic led with $1.97 million, a 26% sequen…
A federal judge approved a $1.5 billion class-action copyright settlement between Anthropic and thousands of authors and publishers, the largest known copyright recovery in U.S. history. U.S. District…
Bonds sold by hyperscalers including Meta Platforms Inc., Alphabet Inc., and Amazon.com Inc. to fund AI infrastructure are underperforming across global markets, with 79% of sector bonds issued since …
Oracle Corp.'s $250 billion data-center expansion has led S&P Global Ratings to cut its credit rating to BBB-, one step above junk, as the company burns through more than $20 billion over the last fou…
President Donald Trump criticized New York Governor Kathy Hochul's executive order imposing a one-year moratorium on new large data centers, calling it a 'terrible decision' and urging the state to re…
Wall Street banks are turning to US leveraged loans to finance the AI buildout, with QTS Realty Trust LLC, a Blackstone Inc. unit, tripling a proposed loan to $3.25 billion and scrapping a $1 billion …
Canadian semiconductor companies are expanding into the U.S. market to capitalize on the artificial intelligence boom, with Big Tech AI infrastructure investment expected to exceed US$700 billion this…
The Trump administration plans a summit to expand its Ratepayer Protection Pledge, aiming to ensure AI infrastructure costs are not passed on to households, according to Reuters. Tech giants including…
Apple Inc. shares have rallied 15% since bottoming on June 25, adding nearly $600 billion in market value, as investors flee AI-related stocks amid concerns about heavy spending on artificial intellig…
Alphabet, Amazon, Meta, Microsoft, and Oracle have doubled their collective debt to $350 billion over five years to fund AI data center construction, betting on future revenue from AI services. Invest…
AWS named NiCE a launch partner for its new European Sovereign Cloud Region, a move that affects data residency and compliance for enterprise AI deployments. NiCE, a leader in CX AI, gains presence in…
Nvidia Corp.'s market value has dropped by roughly $1 trillion since May, pushing its stock to its cheapest level since before the AI boom, now trading at 18 times forward earnings. The selloff reflec…