Major tech firms pour billions into AI development, igniting a fierce arms race that exacerbates skilled labor shortages and surging emissions, undermining net zero commitments amidst the AI frenzy.
SoftBank Group soars with a remarkable $2.87 billion profit in the first quarter, fueled by substantial gains from its Vision Fund investments, while its Stargate data center project faces a slight delay and it raises $7.8 billion from offloading T-Mobile shares.
Apple faces setbacks in AI race as around a dozen key AI talents, including Ruoming Pang, head of Apple's Foundational Models team, depart for rivals like Meta and OpenAI, hindering efforts to integrate large language models and update Siri, which lags behind competitors.
OpenAI's valuation skyrockets to $500 billion as anticipation builds for the imminent GPT-5 launch and revenue soars from $10 billion to a projected $20 billion by year's end.
A surging Mid-Atlantic AI hub spanning Philadelphia, Baltimore, and Washington DC challenges Silicon Valley's primacy, boasting abundant talent and innovation but requiring strategic investment to scale its 'Star Hub' potential.
Amazon braces for a massive $100 billion capital expenditure in 2025, while tech giants Amazon, Meta, Microsoft, and Alphabet unleash a staggering $315 billion investment spree this year, with Amazon's AWS cloud computing unit anticipating 'lumpy' growth in the coming years.
Meta CEO Mark Zuckerberg announces massive AI spending will continue through 2026 with expenses exceeding 2025 levels, raising total expense forecast to $114-118 billion and investing $14.3 billion in AI startup Scale AI, sending shares soaring 12% after strong quarterly earnings beat expectations.
AlphaEarth Foundations unveils a comprehensive digital twin of Earth's surface by integrating petabytes of data from satellites, radar, and climate simulations, enabling detailed mapping for ecosystem monitoring, agriculture, and more.
Major tech giants like Meta, Amazon, and Google are ramping up their AI investments to a staggering $325 billion in 2025, a 46% surge from 2024, despite investors' concerns over the lack of clear revenue streams from AI offerings, as these companies bet big on long-term payoffs.
Alphabet shatters records with a staggering $96.4 billion Q2 2025 revenue, propelled by YouTube's $9.79 billion ad revenue and Cloud's $13.62 billion revenue, despite losses in its Other Bets segment.