Queensland and the Northern Territory have rejected a federal Labor push to mandate renewable energy for AI datacentres, deepening a state-federal rift as S&P Global warns datacentre power consumption…
Global IT spending will hit $6.37 trillion in 2026, up 14.2% year-on-year, driven by data centre (62.5%) and IaaS spending (29.3%), according to Gartner. However, Oracle's stock has cratered from $300…
A single power fault in February 2025 knocked 1,800 megawatts off the US grid in milliseconds as data center UPS systems tripped, according to NERC's 2026 State of Reliability report, which warns that…
Meta Platforms is seeking $12 billion in new debt financing for a data center in El Paso, Texas, through a special-purpose vehicle called Sopaipilla, offering a 7.5% yield that is 0.4 percentage point…
Oracle cut 21,000 jobs by the end of fiscal year 2026 to fund AI infrastructure, but its planned 1-gigawatt data centre in Wisconsin faces a $7 billion obstacle after the Public Service Commission of …
Eight AI chatbots gave divergent stock picks for a 10-year hold, with two independently choosing Taiwan Semiconductor Manufacturing Co. (TSMC) and two others picking S&P Global (SPGI), while only a Ch…
Z.ai, the Tsinghua University spinout co-founded by Tang Jie and CEO Zhang Peng, reached a July sales pace that would annualize to $1 billion, according to Bloomberg, which would make it the first Chi…
Oracle's massive $300 billion cloud compute contract with OpenAI has driven its credit rating to the brink of junk status, with S&P Global downgrading it to BBB/A-2 and warning that OpenAI's financial…
SoftBank CEO Masayoshi Son dismissed concerns about an AI bubble as 'absurd' during his company's annual corporate conference in Tokyo, arguing that critics don't understand AI and predicting that AI …
Oracle shares have fallen 43.6% in the past year after S&P Global downgraded its credit rating to BBB-, just above junk status, and analyst David Desjardins warns the company could be the 'first domin…
S&P Global downgraded Oracle's credit rating from BBB to BBB-, one notch above junk, citing massive AI infrastructure investments that are driving debt and capital requirements. S&P forecasts a free c…
S&P Global downgraded Oracle's credit rating to 'BBB-', near junk status, due to its heavy reliance on OpenAI, which accounts for half of Oracle's $638 billion in contractual obligations. The downgrad…
S&P Global downgraded Oracle's credit rating to 'BBB-', citing OpenAI as a key credit risk. OpenAI accounts for roughly half of Oracle's $638 billion in contractual obligations, and if OpenAI walked a…
Ferrari and BMW have begun replacing copper wiring with aluminum in their electric and hybrid vehicles, challenging the demand thesis that has driven copper prices to record highs. The shift, driven b…
Alphabet joined the Dow Jones Industrial Average on June 29, replacing Verizon Communications in a shift toward AI-era representation. The move helped stabilize tech stocks that had been sliding amid …
Microsoft launched new Copilot finance tools in Excel for Microsoft 365 users, including specialized skills for automating financial workflows, expanded data connectors from providers like FactSet and…
Cargo thieves are increasingly targeting copper, processors, networking equipment and memory modules used in AI infrastructure, as technology companies invest billions in data centers. Industry report…
Microsoft is introducing skills to Copilot for Excel, enabling teams to scale expertise across workbooks through structured markdown workflows and deterministic financial connectors. This shift from i…
Samsara launched a Bluetooth Tracking Label and Agent Studio AI tool at its Beyond 2026 conference to address the $35 billion cargo theft problem, providing near-real-time shipment visibility without …
Alphabet, Google's parent company, will replace Verizon in the Dow Jones Industrial Average effective June 29, 2026. S&P Global announced the change to increase the index's exposure to AI, advertising…