Microsoft's shares surged nearly 17%, marking their best day in almost 18 years, after the company reported better-than-expected Q4 results. Azure revenue grew 43% year-over-year, surpassing estimates, while paid Copilot users more than doubled sequentially to over 30 million. Management projects Azure growth of about 45% for Q1 fiscal 2027, well above analyst expectations, signaling strong demand for AI and cloud services. Analysts praised the results as validation of Microsoft's AI strategy, highlighting robust commercial cloud growth and improved profitability despite increased capital expenditures.
Google has fixed 1,072 security bugs in the last two Chrome versions released in June 2024, surpassing the 1,036 bugs patched in the previous 23 versions over two years. This surge is attributed to Google's use of AI, specifically large language mode...
Major US tech companies, including Nvidia, Microsoft, and Meta, are calling on the US government to prioritize open artificial intelligence (AI) to counter China's growing dominance. Open AI models, which can be downloaded and run on private systems,...
Microsoft reported a record $678 billion commercial backlog at the end of fiscal 2026, with an estimated 32% tied to OpenAI, its largest AI partner. This concentration is unusually high for a company of Microsoft's size, underscoring OpenAI's signifi...
Meta's shares fell 9% in one day, marking an 11-day losing streak and cutting Mark Zuckerberg's net worth by nearly $18 billion to $183.3 billion. The drop follows Meta's increased AI spending forecast to $137.5 billion and earnings below analyst exp...
Amazon plans to spend around $200 billion on capital expenditures in 2026, driven by growing investments in artificial intelligence. The company reported a 77% increase in capex to $44.2 billion in Q1, with expectations to rise to $49.3 billion in Q2...
