MediaTek says its board has approved a discretionary $5B financing budget to support long-term growth, including its expansion into AI chips for data centers
South Korea plans to inject ~$14B into its sovereign wealth fund for strategic investments in AI, data centers, and infrastructure, after a rout in tech stocks
Tel Aviv-based Bloom Security, which develops endpoint security tools for monitoring AI agents, extensions, and more, emerges from stealth with a $20M seed
Endpoint security startup Bloom Security emerged from stealth with a $20 million seed led by Glilot Capital Partners and Ten Eleven Ventures …
South Korea plans to inject ~$14B into its sovereign wealth fund for strategic investments in AI, data centers, and infrastructure, after a rout in tech stocks
MediaTek says its board has approved a discretionary $5B financing budget to support long-term growth, including its expansion into AI chips for data centers
Amazon reports Q2 ad revenue up 26% YoY to $19.81B, vs. $19.43B est., and subscription services revenue up 12% YoY to $13.73B
but CEO Andy Jassy Won't Say How It's Paying for It: ‘Nothing to Share...’Dade Hayes /Deadline:Amazon Thrives On Big Q2 For AI, Advertising Revenue Climbs 26% To Near $20 Billion MarkRussell Brandom /...
Amazon reports Q2 AWS revenue up 37% YoY to $42.2B, above estimates of a 31.21% increase, and AWS operating income up 64% to $16.6B; AMZN jumps 13%+
and still won't have enough capacity to meet demandIsabella Simonetti /Wall Street Journal:Amazon Shares Jump as Cloud Sales—and Spending—AccelerateJordan Novet /CNBC:Amazon's AWS posts fastest growth...
Amazon reports Q2 AWS revenue up 37% YoY to $42.2B, above estimates of a 31.21% increase, and AWS operating income up 64% to $16.6B; AMZN jumps 8%+ after hours
Amazon.com (AMZN.O) topped market expectations for quarterly cloud revenue growth on Thursday on the back of surging enterprise AI spending …
Filing: Meta says it has committed ~$700B in future spending, through long- and short-term agreements, related to AI data centers, cloud computing, and more
Shona Ghosh /Bloomberg: