Meta Slashes Metaverse Budget as Zuckerberg Shifts Focus to AI
Meta plans up to 30% budget cuts for metaverse projects including Horizon Worlds and Quest VR, with potential January layoffs as focus shifts to AI development.
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Amazon Launches Trainium3 AI Chip to Challenge Nvidia's Dominance
Amazon Web Services unveils Trainium3, a cost-effective AI chip that's 4x faster than its predecessor, offering businesses an alternative to Nvidia's market-leading processors.
Oracle's AI Debt Concerns Spread Across Tech Giants as Insurance Costs Surge
Amid concerns about AI data center spending, credit default swap prices for Oracle debt have spiked dramatically. Now, worries are spreading to Microsoft and Amazon as markets reassess hyperscaler risks.
Meta Eyes Google's AI Chips in Potential Blow to Nvidia's Dominance
Meta Platforms explores Google's TPU chips for 2027 data centers, challenging Nvidia's AI chip market leadership while Alphabet shares surge on alternative AI processor demand.
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.
Nebius Secures $3B Meta Deal, Projects Explosive Growth Through 2026
Nebius announces $3 billion AI infrastructure deal with Meta, its second major hyperscaler partnership. Revenue surges 355% as Dutch AI cloud provider targets $7-9B run-rate by 2026.