Amazon Plans $200B AI Spending Spree as Investors Push Back
Amazon announces massive $200 billion capital expenditure plan for 2026, focusing on AI infrastructure. Stock drops 8% as investors question timing of returns on AI investments.
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Reddit Beats Expectations with Strong Q4, Announces $1B Buyback
Reddit reports 70% revenue growth in Q4 2025, beating Wall Street estimates with $726M in sales. Company announces first-ever $1B share repurchase program.
Analysts Cheer Google’s Earnings and AI Push, Investors Hesitate
Analysts see Google’s AI-driven growth and doubled capital spending as a positive, even as investors react cautiously to the tech giant’s ambitious plans.
Ginkgo & OpenAI Slash Protein Synthesis Costs by 40%
Ginkgo Bioworks teams up with OpenAI to cut cell-free protein synthesis costs by 40% using AI and cloud lab automation.
Gemini Crypto Exchange Cuts 25% of Workforce, Exits Europe and Australia
Gemini Space Station announces 200 job cuts and exits UK, EU, and Australia markets as part of $11M restructuring to focus on US and Singapore operations.
DraftKings Faces Rising Competition From Kalshi, New Report Says
A new short-seller report highlights growing competitive pressure on DraftKings from prediction market platform Kalshi, citing user growth, broader betting options, and expanding distribution.