AI
Big Tech plans over $740 billion in AI infrastructure spending this year, but negative free cash flow, record debt and a sharp market selloff are testing investor patience.
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AI
Big Tech plans over $740 billion in AI infrastructure spending this year, but negative free cash flow, record debt and a sharp market selloff are testing investor patience.
Tech
Intel closed down 28.58% on Friday, its worst day since the 1970s, after weak guidance blamed on a plant shutdown in Israel and a softening PC market. The drop wiped about $12 billion off the US government's stake, with Reddit, Amazon and Alphabet also selling off.
Tech
US tech stocks fell sharply for a second day as AI spending commitments approach $1 trillion, with Intel dropping 30% and Alphabet losing over $500bn in value.
Tech
Google Search slipped below half of Alphabet's revenue for the first time ever, as AI search earns less per query and the company's AI spending keeps climbing.
AI
Google is taking ads inside AI Mode and AI Overviews to international markets for the first time, as Alphabet reports $127.6 billion in quarterly revenue but slowing Search ad growth.
Tech
Waymo is targeting 8,000 robotaxis by the end of this year and 20,000 by the end of 2027, after raising $5 billion in debt to fund its expansion in the US and abroad.