Topic: capital expenditure
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Oracle Stock Drops After $15B Data Center Spending Hike
Oracle's stock fell after its earnings report, as revenue missed expectations and the company announced a sharp $15 billion increase in capital expenditures to aggressively invest in AI data center infrastructure. The company is making these massive investments to compete with cloud giants and me...
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Oracle Plunges as Wall Street Punishes Its Massive AI Gamble
Oracle's aggressive AI expansion, including massive investments in data centers and chip infrastructure, has led to a sharp decline in its stock and bond prices as investors grow concerned. The company's shares have dropped 25% in the past month, erasing over $250 billion in market gains, while i...
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Tech Giants Triple Down on AI Investment Race
Major tech companies including Microsoft, Meta, and Google are significantly increasing their capital expenditures to scale AI infrastructure, signaling a strategic shift in their business priorities. Meta has raised its 2024 capital expenditure forecast to $70-72 billion, supported by strong fin...
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Google Bets on Data Center Expert to Lead AI Race
Google has elevated Amin Vahdat to a new executive role reporting directly to the CEO, signaling a massive strategic focus on AI infrastructure and major capital investment. Vahdat is a key architect behind Google's critical AI hardware, including its custom TPU chips and the high-speed Jupiter d...
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Mark Zuckerberg Unveils Meta’s Superintelligent AI Roadmap
Meta is launching Meta Superintelligence Labs to develop self-improving AI systems aimed at surpassing human intelligence, positioning itself against competitors like OpenAI and Google DeepMind. Smartglasses, including next-gen AR prototypes, are central to Meta's AI strategy, with plans to make ...
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