The latest round of Big Tech earnings this week reinforced a widening divide in the artificial intelligence race, with Microsoft and Amazon benefiting from strong cloud demand while Meta faced questions over the returns from its massive AI spending programme. Microsoft: Azure growth fuels AI optimismMicrosoft shares jumped 18.2% for the week after the software giant reported stronger-than-expected
United States economic growth slowed in the second quarter as a surge in imports widened the trade deficit, although strong consumer spending and business investment in artificial intelligence infrastructure highlighted the resilience of domestic demand. Data released by the Commerce Department on Thursday showed the moderation in gross domestic product (GDP) also reflected ongoing inventory dr
Amazon exceeded Wall Street expectations for cloud computing growth in the second quarter and raised its annual capital expenditure forecast, signalling that strong demand for artificial intelligence services continues to support its aggressive infrastructure investment. Shares of the Seattle-based technology and e-commerce giant jumped more than 9% in after-hours trading before easing to trade
Wall Street rallied strongly on Thursday (Friday AEST) as a blockbuster forecast from Microsoft reignited investor confidence in artificial intelligence, driving a broad-based advance in technology and semiconductor stocks. The Dow Jones Industrial Average rose 613.9 points, or 1.2%, to 52,208.1. The S&P 500 climbed 121.5 points, or 1.7%, to 7,437.6, while the Nasdaq Composite surged 679.2 poin
Federal Reserve Chair Kevin Warsh said the central bank’s latest policy meeting delivered the “family fight” he had called for, as policymakers debated the future direction of interest rates amid persistent inflation concerns and Middle East tensions. The Federal Reserve kept its benchmark lending rate unchanged at 3.5%-3.75% for the fifth consecutive meeting, with the conflict in the Middle Ea
Join one of the world’s fastest growing business media companies. List investment & employment opportunities, showcase your brand and more
Microsoft shares surged 9% in extended trading on Wednesday (Thursday AEST) after the software giant reported stronger-than-expected fiscal fourth-quarter results and maintained its 2026 capital spending plans, citing continued demand across its portfolio. The company reported adjusted earnings per share of US$4.74, beating expectations of $4.24, while revenue came in at $90.01 billion compared
Boeing reported a wider-than-expected second-quarter loss as costs associated with its delayed Air Force One program weighed on earnings, although stronger revenue and better-than-expected cash generation signalled continued progress in the aerospace manufacturer's turnaround. The company posted an adjusted loss of US$0.76 per share, wider than analysts' expectations for a $0.28 per share loss.
United States consumer confidence unexpectedly weakened in July as Americans grew more cautious about the economy, with perceptions of the labour market remaining subdued despite easing concerns over energy prices and geopolitics. The Conference Board's Consumer Confidence Index fell to 90.8 in July from an upwardly revised 92.2 in June. Economists had expected the index to edge higher to 92
OpenAI is in talks with Nvidia over a potential US$250 billion credit backstop that would help finance the development of a massive artificial intelligence data centre campus in Ohio, according to reports. The proposed arrangement would allow OpenAI to raise debt for a 10-gigawatt data centre project in Pike County, Ohio, using Nvidia's credit strength as support, CNBC reported, citing a person
Nvidia has secured a long-term supply of advanced artificial intelligence (AI) memory from South Korea's SK Hynix as part of a US$500 billion agreement aimed at expanding global AI infrastructure and easing concerns over shortages of critical components. The deal, announced in San Francisco on Friday, includes the construction of large-scale AI data centres expected to begin operating in 2027.
Online Media
Azzet™ Series A SAFE Investment Program
Expansion Stage
Equity
Azzet is a leading global marketplace for investments and premium assets. Join our growth journey by becoming an investor in our upcoming Series A SAFE Investment Program. Available to accredited inve...
Wholesale investors only
Health, Wellness and Fitness
Mental health support by leveraging technology to deliver outcomes that are comparable with personal consultations.
Seed Stage
Equity
The Blissiree App revolutionizes mental health support by leveraging technology to deliver outcomes that are comparable with personal consultations.
Domain names
Proprietary Authentication Technology - Acquisition Opportunity
Proprietary AI-powered authentication system designed for platforms processing high-value transactions. The technology verifies user identity, cognitive fitness, and transaction integrity in real-time...
