Big Tech results: Alphabet soars as Meta spending plans unsettle markets
City AM
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Alphabet led the pack, with Google’s parent company posting revenue of $109.9bn (£81.6bn) a 22 per cent rise on the same period https://www.cityam.com/big-tech-results-alphabet-soars-as-meta-spending-plans-unsettle-markets/">[...]
Big Tech AI spending hits $700B
- Investors grapple with Big Tech's AI spending spree Semafor —
- Big Tech will spend nearly $700 billion on AI this year. No one knows where the buildout ends Fortune —
- Google shares hit all-time high on blowout earnings, market cap doubles to $4.4 trillion in just a year Fortune —
- Google cloud growth tops Microsoft and Amazon as all three beat estimates on AI demand CNBC —
- Big Tech’s AI payback might be coming into view Financial Times —