Google has won a $10 million bankruptcy auction for Spirit Airlines' internal business data and software, which includes around 100 million emails and 500 million Microsoft Teams messages. The data will be used to improve Google's products and AI models, with all personal and customer information removed to protect privacy. This acquisition follows Spirit Airlines' shutdown and ongoing bankruptcy proceedings. A court hearing to approve the deal is scheduled for August 19, 2026.
Goldman Sachs highlights that the AI capital spending cycle is in its early stages, driven by a shift from consumer-led to corporate capex-led growth in the US economy. While stocks like NVIDIA led previous gains, the market is now rotating leadershi...
Major tech companies Meta, Amazon, Microsoft, and Alphabet have invested trillions in AI, with Alphabet and Meta facing future investment commitments of $798 billion and $696 billion respectively. These commitments far exceed their recent net incomes...
A federal judge ruled that Google holds an illegal monopoly in the ad tech market but refused to force the company to sell its AdX advertising exchange. While the court upheld the monopoly finding, it denied the structural remedy sought by the Justic...
Alphabet CEO Sundar Pichai promised the Gemini 3.5 Pro AI flagship model by June 2026, but it has been delayed past September. Instead, Alphabet released the Gemini 3.8 Flash, a lower-cost coding model, disappointing investors and triggering the comp...
Microsoft has started reporting Azure's standalone revenue, revealing it is closer in size to Google Cloud but significantly smaller than Amazon Web Services (AWS). Azure's full-year revenue surpassed $100 billion with 43% growth in Q4, while AWS lea...
