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Andy Jassy said Amazon will spend $220 billion this year—and still won’t have enough capacity to meet demand
AWS revenue hit $42.2 billion in Q2, marking its fastest growth in 18 quarters as AI demand outpaces Amazon’s ability to build more data centers.
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Microsoft’s $480 billion rally fuels a debate: Financial nihilism or the true AI moat finally coming into view?
The market seems to be in a “rip up the script every day” kind of mode, Steve Sosnick of Interactive Brokers told Fortune. Unless that changes tomorrow.
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Tim Cook signed off on his final Apple earnings call with a warning about a ‘hundred year flood’ in memory chip pricing
The iPhone maker said sever constraints in the supply chain will affect sales of iPhones, Macs, and iPads in the current quarter.
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Amazon increases AI infrastructure spending to $220bn this year
Seattle-based group had in April expected to spend $200bn in 2026
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There is no modern-day Maggie to save Britain from Burnhamism
The right hopes that Labour’s new leader will fail, but who exactly is going to step in and shake things up?
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Big Tech AI spending spree tops $1tn
Google, Amazon, Microsoft and Meta have vastly increased their investments since the AI boom began in 2023
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How Leopold Aschenbrenner, the ‘golden child’ of the AI trade, was laid low
The $20bn hedge fund manager’s wild ride ended with a call to Ken Griffin