JPMorgan's Jamie Dimon Endorses $1T AI Investment Boom Amid Wall Street Concerns
JPMorgan Chase CEO Jamie Dimon publicly endorsed the trillion-dollar AI capital expenditure wave at an Anthropic event in New York, dismissing investo...
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AI Spending Surge: Alphabet, Amazon, Apple, Meta, and Microsoft Reveal 2026 Capex Plans
Tech giants Alphabet, Amazon, Apple, Meta, and Microsoft are pouring unprecedented sums into AI infrastructure, with Amazon leading at $200 billion in...
Meta’s Q1 Earnings Surge 33% Beats Analyst Forecasts Despite Layoff Plans
Meta reported $56.31 billion in Q1 revenue, a 33% year-over-year increase, surpassing Wall Street’s $55.45 billion estimate. Adjusted earnings per sha...
Google to Invest $40 Billion in AI Rival Anthropic Amid Cloud Computing Push
Google plans to invest up to $40 billion in Anthropic, including an immediate $10 billion commitment, with the remaining $30 billion tied to performan...
Meta Announces 10% Workforce Reduction as AI Investment Accelerates
Meta, led by CEO Mark Zuckerberg, will reduce its workforce by 10%—affecting approximately 8,000 employees—and close 6,000 open positions. The move al...
Amazon Injects $5B into Anthropic, Securing 5GW AI Chip Access for Claude AI Models
Amazon has invested an additional $5 billion in Anthropic, bringing its total commitment to $13 billion. The deal includes access to up to 5 gigawatts...
Amazon to Invest Up to $25 Billion in AI Firm Anthropic: Details of the Landmark Deal
Amazon will invest $5 billion in Anthropic and up to $20 billion more if milestones are met. The deal includes a $100 billion AWS spending commitment...
Bitcoin Miners Sell Record 32,000 BTC in Q1 2026 to Fund AI Pivot Amid Profitability Crisis
Public Bitcoin miners sold over 32,000 BTC in Q1 2026, a historic liquidation driven by plunging mining profitability and a strategic shift toward AI...
China Gains AI Dominance: How the US Is Losing the Global Race by 2026
China has overtaken the US in AI research, patents, and industrial deployment by 2026, according to Stanford University's latest report. The US still...