Google owner Alphabet suffers $711 billion wipeout in worst fall on record as AI ‘anxiety’ spreads
Google owner Alphabet has lost more than half a trillion dollars of market value, marking the biggest ever…
Finland launches criminal probe into land clearance for Google data centre
Finnish police have launched a criminal investigation into suspected breaches of environmental law at the construction site of…
SpaceX records massive 161 per cent third quarter rise as Musk chases AI ambitions
SpaceX shares climbed in after-hours trade after the company reported that its third-quarter revenue more than doubled with…
Firmus IPO collapse exposes cracks in AI valuation bubble
The spectacular failure of neocloud start-up Firmus, previously the darling of Australia’s AI scene, has exposed the “cracks”…
Cloud Gaming Gets Squeezed as Big Tech Prioritizes AI Infrastructure — BigGo Finance
The cloud gaming sector, once touted as the next frontier in interactive entertainment, is feeling the collateral damage…
Alphabet bond deal highlights AI debt demand in Australia
Alphabet’s $5.5 billion inaugural Australian bond issue has brought the growing financing needs of AI infrastructure into focus…
Court orders Meta to pay $567 million to address kids’ mental health, safety on its platforms
A New Mexico court has ordered Instagram and Facebook parent company Meta to pay $567 million to address…
Why has the China-US profit gap widened on the Fortune Global 500?
China’s unaddressed economic structural problems are swallowing profits and leaving its multinationals falling far behind their US peers…
Anthropic, SpaceX Hand Google Profit Windfall
At least on paper, for now, Google’s investments inAnthropic and SpaceX have paid off and enabled its parent…
Hundreds of economists say ‘we must act now’ on AI’s economic impact
SAN FRANCISCO (AP) — Hundreds of economists say in an open letter that institutions “must act now” to…
Massive AI buildout poses latest inflation threat as consumers pay more for laptops and electricity
WASHINGTON — American consumers — and the Federal Reserve — are being hit with another high-cost headache .…
UN chief calls on companies to disclose energy and environmental impact of AI use
United Nations Secretary-General António Guterres on Tuesday called on artificial intelligence companies to release information about the carbon…