Saudi Arabia and Microsoft Make Major AI Moves Amid Market Caution
Saudi Arabia's Humain announces multi-gigawatt data center deals with US tech giants, while Microsoft invests $5B in Anthropic. Analysts warn on hyperscaler economics.
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Google's AI Travel Tools Shake Up Online Travel Industry
Google launches AI-powered flight and hotel booking tools, causing stock drops for Booking Holdings, Expedia, TripAdvisor, and Airbnb as competition intensifies.
Google Soars on Buffett's Backing and Massive Texas Data Center Plans
Google stock jumps 5% as Berkshire Hathaway reveals $5.1B stake and company announces $40B investment in Texas data centers through 2027.
CoreWeave Lowers 2025 Revenue Outlook Amid AI Supply Constraints
CoreWeave Q3: $1.36B revenue, $55.6B backlog, margins drop to 4%. 2025 outlook cut to $5.05–$5.15B on supply delays, high AI demand.
Arm Forecasts Strong Growth on AI Boom and High-Value Chip Designs
Arm Holdings beat Wall Street forecasts with strong AI-driven chip demand, forecasting $1.23B in revenue for Q3. The company’s advanced Compute Subsystems and data center expansion fuel its bullish outlook.
Apple Plans $1 Billion Deal with Google for Powerful AI to Rebuild Siri
Apple is set to pay Google about $1 billion yearly to use its 1.2 trillion-parameter AI model, helping power a major Siri upgrade expected next year.