Amazon shares fell sharply on Friday, sliding more than 9% after the company outlined an aggressive capital spending plan that unsettled investors already wary about the sustainability of the artificial intelligence boom. The drop added to a broader technology selloff, as market participants questioned whether escalating investments in AI infrastructure could outpace future returns and create excess capacity across the sector. The e-commerce and cloud computing group disclosed in it

Shares of German software company SAP fell sharply on Thursday after the company reported weaker-than-expected growth in its cloud contract backlog for the fourth quarter, unsettling investors and triggering its steepest one-day decline in more than four years. The stock dropped as much as 16% during the session, marking its largest daily fall since October 2020, when the company suffered a sharp sell-off following disappointing quarterly results. By the close of trading, SAP shares were at t

Apple is preparing to introduce a major upgrade to its digital assistant through a multiyear partnership with Google that will bring advanced AI capabilities to Siri using Gemini models. This collaboration represents a significant evolution in Apple’s artificial intelligence strategy, enabling more natural conversations, improved contextual understanding, and deeper integration across devices. The enhanced version of Siri is expected to arrive later this year and marks Apple’s most prominent

The Andhra Pradesh government is pushing forward with high-speed development to transform Vizag into one of India’s biggest AI and cloud-technology hubs. A major milestone in this journey is the AI-powered data centre project being led by Raiden Infotech, associated with Google, approved in October 2025. The initiative is expected to bring a massive USD 15 billion investment into the state over the coming years. Nearly 1 GW of data-centre capacity is planned across Vizag and Anakapalli, mak

Alibaba’s newly launched Qwen AI application has recorded exceptional early momentum, surpassing 10 million downloads within the first seven days of its public beta release. The rapid acceleration places it ahead of the early adoption trajectories of several high-profile AI platforms and highlights how competitive strategies in the global artificial intelligence sector are shifting. Unlike subscription-driven models popular among Western AI developers, Alibaba’s free-access approach embed

​Anthropic announced plans on Wednesday to invest $50 billion in a large-scale U.S. artificial intelligence infrastructure initiative, beginning with new data center projects in Texas and New York. The company said the facilities will serve as core components of its long-term strategy to accelerate research and support enterprise clients across industries that depend on high-performance AI systems. The data centers will be developed in collaboration with Fluidstack, an AI cloud platfo

Reports have surfaced that Google is secretly building an artificial intelligence data centre on Christmas Island, a remote Australian territory in the Indian Ocean. According to a Reuters investigation, the facility is believed to be connected to a military cloud computing deal between Google and the Australian Department of Defence. The island, strategically positioned for maritime monitoring, is said to provide an ideal location for advanced AI and surveillance infrastructure. In

Google has announced plans to establish its largest artificial intelligence (AI) hub outside the United States in Andhra Pradesh, marking one of the most ambitious technology investments in India to date. The project, valued at USD 15 billion, is set to unfold between 2026 and 2030, transforming the southern state into a major centre for AI research, innovation, and digital infrastructure. The initiative represents a significant step in Google’s long-term strategy to expand its global AI ca

Amazon is reportedly preparing for another significant round of job cuts, this time targeting its human resources division as part of a broader organizational shift toward automation and artificial intelligence. According to people familiar with internal discussions, the company may reduce up to 15 percent of staff within its People eXperience and Technology (PXT) department, a key unit responsible for managing employee relations and corporate culture. While the exact number of layoffs and th

Salesforce announced plans to invest $15 billion in San Francisco over the next five years to accelerate the adoption of artificial intelligence among businesses. The move reinforces the company’s goal to remain a leading force in enterprise software as AI-driven tools become an essential part of global business operations. The technology giant, founded and headquartered in San Francisco since 1999, has steadily integrated AI across its suite of cloud-based products, including the

Larry Ellison has become the world’s second-richest person for the first time, according to the latest Bloomberg Billionaires Index. His net worth has skyrocketed to $251.2 billion, fueled by a major surge in Oracle Corp.’s share price. This leap places him ahead of Mark Zuckerberg and just behind Elon Musk, who retains the top position with a net worth of $357.8 billion. Oracle has been a top beneficiary in the ongoing artificial intelligence investment wave. Since

Nvidia has once again claimed the title of the world’s most valuable company, overtaking tech giant Microsoft, as surging demand for artificial intelligence (AI) chips continues to push its market value to new heights. On Tuesday, Nvidia’s shares climbed by 3.4%, boosting its market capitalization to approximately $3.45 trillion slightly ahead of Microsoft’s $3.44 trillion. This isn’t Nvidia&r

Microsoft has announced another major round of layoffs, affecting approximately 6,000 employees across all levels, teams, and global offices. This move represents about 3 percent of its total workforce and is part of a broader organizational restructuring strategy. The company confirmed that these job cuts span various departments and are not performance-related, a key clarification made by a company spokesperson. Rather, the decision is driven by Microsoft's efforts to streamline operati