Alphabet soars with $96.43 billion revenue in Q2, beating expectations, and boosts investment in its booming Cloud business to $85 billion by 2025 amid surging demand.
The Pentagon invests $800 million in AI contracts with tech giants Anthropic, Google, OpenAI and xAI, aiming to accelerate military adoption of agentic AI systems for battlefield planning and decision-making, sparking concerns over escalation risks and calls for safeguards.
Google ramps up its 2025 capital expenditure forecast to a staggering $85 billion, a $10 billion increase from earlier projections, fueled by skyrocketing demand for its cloud services, leading to a massive $106 billion backlog and prompting accelerated data center construction and server investments.
Delve, an AI startup, secures $32 million in Series A funding led by Insight Partners to develop AI agents that automate compliance tasks, streamlining operations and enabling faster certification for companies across various compliance frameworks.
MIT dropouts' AI startup Delve raises $32M at $300M valuation for automating regulatory compliance using AI agents integrated with customers' tools, attracting Fortune 500 CISOs' investment.
Oracle and OpenAI massively expand their Stargate project with a 4.5 gigawatt data center capacity boost, promising over 100,000 new jobs and exceeding initial targets through strong partnerships and momentum.
Anthropic CEO Dario Amodei discloses plans to pursue investments from Gulf states like UAE and Qatar, acknowledging ethical concerns about enriching 'dictators' but citing the need for massive capital to stay at the forefront of AI development.
SoundHound AI stock soars nearly 400% in late 2024 on voice AI hype and Amelia acquisition, but plunges 44% in 2025 as Nvidia exits and skeptics like Stone Fox Capital label it 'Strong Sell' citing inflated growth and valuation.
Grok's groundbreaking AI model Grok 4 fuels a massive 325% surge in gross iOS revenue, overshadowing the company's raunchy AI companions, while a new $300/month 'SuperGrok Heavy' subscription offers early access to cutting-edge AI models.
OpenAI aggressively expands its AI capabilities, aiming for 1 million GPUs by year-end and an astonishing 100 million GPUs worth $3 trillion, fueling concerns about AI supremacy as its Texas data center becomes the world's largest at 1 gigawatt by 2026.