Meta Platforms Inc. shares surged 17% in July, making them the third-best performer in the S&P 500 Index, after the company revealed plans for a cloud-computing business and a new paid tier for its AI…
Meta Platforms Inc. is expanding its Hyperion data center project in Richland Parish, Louisiana, increasing its investment from over $10 billion to over $50 billion. The massive commitment positions M…
AI startup Reflection AI has signed a computing agreement worth over $1 billion with cloud provider Nebius Group NV to secure access to NVIDIA Corp.'s GB300 AI chips through 2029. The deal, announced …
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…
Meta Platforms Inc. is scaling up its Louisiana mega AI data center project to a $50 billion investment, the company announced. The expansion reflects Meta's commitment to building large-scale AI infr…
Meta Platforms Inc. has expanded its Hyperion artificial intelligence data center in Richland Parish, Louisiana, to 5 gigawatts of compute capacity, with costs now estimated at over $50 billion, up fr…
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…
Meta Platforms Inc. has committed an additional $40 billion to its Louisiana data center campus, pushing total expected investment beyond $250 billion as it expands its AI computing footprint. The pro…
Apple Inc. has sued OpenAI for trade secret theft, accusing the AI startup and its hardware chief Tang Tan of orchestrating a campaign to steal confidential information about upcoming Apple products. …
Meta Platforms Inc. launched Muse Spark 1.1, a proprietary AI model optimized for coding and autonomous agent workflows, challenging OpenAI and Anthropic in the enterprise market. The model, priced ag…
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…
California lawmakers are asking voters to approve a ballot measure that would increase the state's rainy day fund to capture more revenue from a stock market rally driven by AI companies. The measure,…
Meta Platforms Inc. faces backlash after launching Muse Image, an AI tool that lets users manipulate public Instagram photos without consent. Privacy advocates and regulators criticize the default opt…
Meta Platforms Inc. debuted a new AI image-generation model called Muse Image, rolling out inside the Meta AI chatbot and across Instagram and WhatsApp. The model allows users to generate or edit imag…
The Magnificent Seven tech stocks have lost their market dominance as the AI trade shifts to memory chipmakers like Micron and Sandisk, with the Mag 7 index gaining only 1.1% in 2026 versus the Nasdaq…
Chip stocks are heading for their best quarter ever, with the Philadelphia Stock Exchange Semiconductor Index soaring 81% in Q2, driven by AI demand. However, recent volatility and concerns about sust…
The House passed the KIDS Act, requiring online platforms to limit minors' access to sexual material, provide parental controls, and mandate age verification, but the Senate seeks stricter measures im…
Tech giants including Alphabet Inc., SpaceX, OpenAI, and Meta Platforms Inc. are rushing to raise equity, with $85 billion in share sales and a $75 billion IPO this month alone, signaling heavier capi…
At least 10 power infrastructure and clean technology companies have gone public in 2026, raising $11.6 billion, as investors bet on solutions to AI's growing energy demands. The IPO surge is fueled b…