Microsoft reports a staggering $3.1 billion loss from its OpenAI investment as the AI giant burns through $11.5 billion in a single quarter, revealing massive financial struggles despite generating billions in annual revenue.
Amazon surpasses Q3 earnings expectations with $1.95 per share and $180.17 billion revenue while AWS cloud division accelerates growth to 20.2%, prompting the company to boost 2025 capital spending to $125 billion even as it cuts 14,000 corporate jobs to streamline operations.
Alphabet shares rocket 5% to record highs as Q3 revenue soars to $102.4 billion, driven by Google Cloud's explosive 34% growth to $15.2 billion amid surging AI demand that's pushing the tech giant to raise capital spending guidance to $92 billion for massive data center expansion.
Alphabet shatters records with $102.35 billion quarterly revenue, marking the first time the tech giant crosses $100 billion while Google Cloud surges 35% to $15.15 billion amid explosive AI demand, prompting the company to boost 2025 infrastructure spending to up to $93 billion.
Microsoft crushes Q1 earnings with $77.67 billion revenue and 40% Azure growth, but stock tumbles 4% as company forecasts accelerated capital spending and absorbs a massive $3.1 billion OpenAI investment hit despite maintaining its $135 billion stake in the AI giant.
Meta shares crash 9% despite crushing earnings expectations as the tech giant absorbs a massive $15.9 billion tax hit from Trump's new tax legislation while simultaneously ramping up AI spending with capital expenditures jumping to $70-72 billion for 2025.
Alphabet shares surge 5% as Q3 revenue soars to $102.4 billion, crushing Wall Street's $99.85 billion expectations, driven by Google Cloud's explosive 34% growth to $15.2 billion from AI demand and major partnerships with OpenAI and Meta.
HUMAIN and Blackstone-backed AirTrunk forge a $3 billion partnership to construct cutting-edge AI-ready data centers across Saudi Arabia, combining local AI expertise with global hyperscale infrastructure capabilities to transform the Kingdom into a major digital innovation hub while developing homegrown talent and attracting international tech giants.
Amazon slashes 14,000 corporate jobs to fund massive AI investments as the tech giant desperately tries to catch up with Microsoft in the artificial intelligence race, with CEO Andy Jassy warning more workforce reductions are coming as AI transforms the company.
DeepSeek releases groundbreaking open-source AI model achieving 10x efficiency boost that could revolutionize how companies process massive datasets, while Meta cuts 600 AI jobs and Reddit launches lawsuits against data scraping operations.