Alphabet (GOOGL) is backing Germany-based Proxima Fusion in a 411 million, or $468 million, funding round as Google deepens its bet on nuclear fusion as a potential source of abundant carbon-free energy.The round was led by XTX Ventures and East X Ventures, with Google and German utility RWE joinin…
Amazon.com NASDAQ:AMZN is looking to raise at least $25 billion through a U.S. dollar bond sale, Bloomberg News reported on Tuesday, in the company's latest push to fund its hefty AI investments.The size of the offering could increase depending on investor demand, the report said, citing people fam…
The US investment-grade bond market appears to be getting safer on paper as major technology companies such as Amazon.com NASDAQ:AMZN, Meta Platforms NASDAQ:META, Alphabet NASDAQ:GOOGL, Nvidia NASDAQ:NVDA, Oracle NYSE:ORCL, and SpaceX continue selling debt to fund the AI buildout. According to Barc…
The round drew strategic investments from Alphabet’s Google and German energy giant RWE, which committed €25m. It also triggered a matching €400m public funding contribution from the Bavarian regional government.Proxima Fusion, a spin-out from the Max Planck Institute for Plasma Physics, is leverag…
Tech investors are reassessing their investments in artificial intelligence, despite the technology being a positive long-term driver, ING's Jan Frederik Slijkerman writes in a report. Technology companies' revenues and Ebitda are set to rise, but investors remain nervous, he says. Investors might…
By Tife OwolabiNigerian President Bola Tinubu has directed the country’s competition regulator to investigate major technology companies over alleged anti-competitive practices and unauthorised use of news content, the Federal Competition and Consumer Protection Commission said late on Monday.The F…
SpaceX NASDAQ:SPCX, Elon Musk's commercial space and satellite company, and Tesla NASDAQ:TSLA, his electric vehicle and clean energy company, appear to be moving closer toward a possible combination as investors reassess the growing overlap across Musk's business empire. Musk has not publicly confi…
ROBOTAXIS — A $1 TRILLION MARKET OPPORTUNITY BY 2040Morgan Stanley (MS) said the robotaxi industry has reached a turning point, with the race shifting from proving the technology to scaling operations in a market it estimates could be worth $1 trillion globally by 2040.The shift is driven by progre…
Hon Hai Precision Industry, the Taiwanese electronics manufacturing giant better known as Foxconn, reported a stronger-than-expected 40% jump in quarterly sales as AI demand continued to accelerate. Hon Hai Precision Industry (HNHPF) said revenue rose to NT$2.51 trillion, or $79 billion, in the thr…
Goldman Sachs NYSE:GS said on Monday that Evan Kotsovinos has joined the banking giant from Google as a partner and head of asset and wealth management engineering.Here are more details from the press release:
By Katrina HamlinHong Kong's latest robotaxi listing includes collision control. Momenta Global (6880.HK) sells assisted- and autonomous-driving software but more carmakers are following Tesla NASDAQ:TSLA and Xpeng's HKEX:9868 lead developing the tech in-house. That may have slammed the brakes on t…
South Korean chipmaker SK Hynix KRX:000660 will on Monday launch its about $28 billion U.S. listing, according to its regulatory filings, in one of the world's largest new share sales as it capitalizes on the global AI boom.The company will sell 17.79 million new shares in the depository receipt li…
Crusoe, the data center operator that supplies AI computing power to Meta Platforms Inc (META) and Oracle (ORCL), is reportedly in negotiations to raise $3 billion in funds.According to people familiar with the matter, the company’s valuation is expected to reach $30 billion after this round of fin…
Data centers spell progress to Indian officials and conglomerates. But for locals, it means sharing already sparse resources. By Karishma VanjaniU.S. communities are ferociously battling America's data-center boom. Some win, some lose, but they all get a fair chance to fight.Not in India, where dat…
Alphabet NASDAQ:GOOGL escalated its fight against malicious proxy networks Thursday, saying Google worked with the FBI, Lumen NYSE:LUMN and others to disrupt NetNut's residential proxy service and the Popa botnet.Google said the operation follows its January 2026 disruption of the IPIDEA proxy netw…
By Christopher MimsMicrosoft, Google and Amazon are among the tech companies spending an estimated $1 trillion on AI infrastructure this year and last. In some regions, they are using far more water than they report, depending on how data centers are powered. And their water consumption is projecte…
GOOG: Analysts expect rising capex through 2027, with forecasts up to $300B. Projected free cash flow drops from ~$73B in 2025 to ~$20.5B in 2026 and ~$14B in 2027.Swedish court or
By Avi SalzmanThe AI data center buildout is causing carbon emissions to spike, according to the latest environmental reports from tech giants Google and Amazon. Both companies have ambitious climate goals, but are now facing higher hurdles to achieve them as they put up data centers around the cou…
Alphabet's NASDAQ:GOOG Google said on Thursday it weakened a network of internet-connected devices being used to conceal and route malicious online traffic, acting against the NetNut residential proxy operator and the Popa botnet.Google took action in partnership with the FBI and Lumen NYSE:LUMN, a…
Alphabet (GOOGL) remained a top pick at Wells Fargo despite the brokerage lowering its price target to $416 from $435, citing updated long-term revenue assumptions and higher infrastructure spending.Wells Fargo said Google Cloud continues to benefit from strong demand, prompting it to raise its sec…
