Pinterest Inc. (NYSE:PINS) has entered into a cloud services agreement worth $4 billion with Amazon Web Services (AWS), securing infrastructure support through 2031 in what represents the largest technology commitment in the company’s history.
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Dell's recent stock rally helped propel CEO Michael Dell up the ranks of the world's richest people.
Elon Musk spent the last two years pushing Grok and feuding with OpenAI. The host of The AI Daily Brief argues he has quietly changed jobs. SpaceX is now functioning as a “neo cloud” by providing both Colossus-1 and Colossus-2 data centers to Anthropic’s Claude, which has been “severely compute constrained throughout the year.” The ... Elon Musk’s New Role: Why SpaceX Just Became a ‘Neo Cloud’ for Anthropic
S4 Capital (LON:SFOR) told shareowners at its annual general meeting that trading remains pressured by macroeconomic uncertainty and client caution, while management said cost controls, working capital discipline and AI-driven offerings are supporting margin improvement and debt reduction. Founder
Months after calling Mythos one of the most dangerous models on the planet, Anthropic announced it was expanding access to 150 new organizations across 15 countries.
The hosts of The AI Daily Brief dropped a line this week that should reframe how every investor thinks about the AI capex cycle. “Part of the reason that they were opposing Anthropic’s plan to expand access to Mythos was that they knew that there was a token shortage and they didn’t want other people ... The White House Is Now Hoarding AI Tokens: How Government Compute Competition Reshapes the AI Trade
Layoff Anger Adds Pressure To Big Tech Spending
Cerebras Doubles Down on Amazon, OpenAI Deals While Shutting Out Nvidia
Electricity demand in Texas grew 9% in recent months, nearly five times the U.S. average, driven by the expan...
On May 22, 2026, Amazon.com reported the results of its May 20 annual meeting, where multiple shareholder proposals on climate reporting, board leadership, charitable partnerships, and director accountability all failed by wide margins. The decisive rejection of these governance and climate-related resolutions highlights strong shareholder support for Amazon’s current board structure and disclosure approach, even as broader debates about AI, data centers, and sustainability intensify...
Pinterest said on Thursday it would pay Amazon Web Services $4 billion for using its cloud services through 2031. (Reporting by Jaspreet Singh in Bengaluru)
Shopify Inc. has announced a significant increase in its share repurchase program, authorizing an additional $3 billion for the repurchase of Class A subordinate voting shares, raising the total to $5 billion. This move reflects the company's confidence in its business stability and future prospects, supported by strong operating cash flow and a robust balance sheet. The buyback program, which provides a flexible approach to capital allocation, may be executed through various methods,...
Engineers back calls for more oversight as AI infrastructure expands.
Stock Market Today: The Dow Jones index rose Thursday ahead of jobless claims. Broadcom and CrowdStrike plunged on earnings.
The next-generation Proteus responds to plain-language prompts and can operate across warehouse floors, not just dock areas
Alphabet Inc. (NASDAQ:GOOGL) was among the stocks Jim Cramer talked about as he discussed the recent rally in several AI-related stocks. Cramer mentioned the company raising money and its competition with others, as he remarked: I saw that Amazon and Alphabet were pointedly absent among the winners. That’s right. Although Jensen did mention that Alphabet […]
The investment into its online grocery business came amid a raft of announcements at an Amazon event in Dartford.
Amazon on Thursday unveiled an upgraded AI-powered mobile robot for its warehouses that can respond to conversational prompts, as part of a €10 billion ($11.6 billion) investment in its European fulfilment network. The new version, due in Europe in the first half of 2027, can operate across warehouse floors and marks a shift in how employees interact with robots. Amazon also showcased STARK, a robotic tote-handling system first piloted in Barcelona and set to roll out to 15 European sites by 2027, and Vulcan, its first robot with a sense of touch.
Cerebras has no business tie-up with Nvidia yet, Andrew Feldman confirmed.
(Bloomberg) -- Cerebras Systems Inc. plans to cooperate with a wide variety of suppliers of AI data center components, opening the way for further partnerships that mirror its agreement with Amazon.com Inc.Most Read from BloombergTrump Begins Rebuilding His Tariff Wall, Citing Forced LaborRepublican-Led House Votes to Stop Iran War, Rebuking TrumpTrump to Get Audit Immunity as $1.8 Billion Fund in DoubtRussia Finance Officials Tell Putin War Spending Is UnaffordableTikTok Billionaire Overtakes M
Independent home improvement chains face intense competition from major big-box retailers like Home Depot and Lowe’s, which has resulted in the smaller competitors having financial distress and, in some cases, filing for bankruptcy. Home Depot dominated the home improvement sector, ...
Amazon.com (NasdaqGS:AMZN) is turning Prime Day into a four day event, with a new emphasis on grocery promotions aligned with global celebrations and major sporting events. The company is planning about US$200b in annual capital expenditure focused on AI infrastructure and wider deployment of its custom Trainium chips. Amazon has entered a multi billion dollar partnership with Anthropic that is intended to challenge Nvidia’s position in AI hardware and deepen AI capabilities across its...
For the past year, many big retailers have been battling to attract the cash-strapped American consumers. Then there’s Target, which also faced a set of challenges of its own, stemming from several controversies and boycotts over its Pride collection and the scaling back of its DEI (diversity, ...
Imagine it's the end of a long week, and you're finally arriving back home, bogged down with work bags, a water bottle, and a lunch box as you fumble at the front door for your house keys. Then disaster strikes — your keys are nowhere to be found. If you're lucky, you may have an unlocked window ...
The S&P 500 and Nasdaq Composite fell for the first time in 10 sessions on Wednesday. The S&P 500 fell 0.7%, while the Nasdaq dropped 0.9%. The Dow fell 617 points, or 1.2%. The big three indexes also snapped a streak of five sessions in which they all finished the day with closing highs.