Dwindling cash and soaring memory costs

Almost four years into the artificial intelligence boom, the world’s biggest tech companies are still making grand promises about the future. The problem is, they’re burning through their cash in the process. AI spending among the megacaps is projected to reach $765 billion this year, before rising to nearly $1.2 trillion in 2027, according to…

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Amazon (AMZN) Q2 earnings report 2026

Amazon reported better-than-expected revenue and cloud growth for the second quarter. The stock shot up more than 9% in extended trading. Here’s how the company did, compared with estimates from analysts polled by LSEG: Earnings per share: $5.75 a share. That may not compare with the $1.82 per share expected by LSEG Revenue: $200.61 billion…

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Nvidia, Microsoft, Meta warn against overregulating open-weight models

The White House is visited by tourists on July 17, 2025 in Washington, DC. Michael M. Santiago | Getty Images Nvidia, Microsoft, Meta, Palantir and more than 20 other companies released a letter on Friday urging policymakers to avoid “premature restrictions” on open-weight artificial intelligence models that would “stifle competition or drive innovation overseas.” Open-weight…

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