Topic: quarterly earnings
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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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AWS Soars Past Forecasts on Surging Cloud Demand
AWS is experiencing its strongest growth in three years, driven by unprecedented AI demand for cloud infrastructure, with sales reaching $33.1 billion in the first nine months and operating income climbing to $11.4 billion in Q3. The company is expanding rapidly, with 20.2% year-over-year growth,...
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Google Q3: AI Search Features Drive Record Usage
Google's AI tools like AI Mode and AI Overviews are driving record search activity and increasing queries, with AI Mode doubling its query volume and expanding globally in over 40 languages. Alphabet achieved its first-ever quarterly revenue exceeding $100 billion, with Google Search and YouTube ...
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Apple, Microsoft Hit $4 Trillion on AI and Cloud Boom
Apple and Microsoft have each achieved a $4 trillion market capitalization, driven by innovation in artificial intelligence, cloud computing, and strong product sales like the iPhone series. Microsoft's growth is fueled by its strategic partnership with OpenAI and the expanding Azure cloud platfo...
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Tesla's Austin Robotaxi Test: 3 Crashes on Day One
Austin, Texas has become a major hub for autonomous vehicle testing, attracting companies like Tesla with its favorable regulations and infrastructure, despite a competitive landscape. Tesla's robotaxi testing in Austin experienced a problematic start, with three reported crashes on its first day...
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