Google Cloud Customers Spend 50% More Than They Promised
Thomas Kurian stood before analysts and investors on July 24 and offered a number that explains, in a single figure, why Google’s cloud business is growing faster than its rivals’.…
Korea’s Costliest Divorce Nears a Ruling on SK’s Future
Judges at the Seoul High Court were expected on Friday to deliver a ruling in the divorce case of Chey Tae-won, chairman of SK Group, and his estranged wife Roh…
Intel Explores SK Hynix Partnership for Delayed Ohio Chip Plant
Intel is looking for a partner to help revive its delayed chip factory in Ohio, and SK Hynix, the world’s second-largest memory chip maker, is on the list of candidates,…
AT&T Posts Steady Gains as Telecom Spending Supports AI Buildout
AT&T reported second-quarter revenue of $31.6 billion on Wednesday, up 2.3 percent from a year earlier, with adjusted earnings before interest, taxes, depreciation and amortization of $12.3 billion, up 5.2…
Blackstone Credits AI Infrastructure for 26% Jump in Earnings
Blackstone, the world’s largest alternative-asset manager, reported second-quarter distributable earnings of $1.98 billion on Wednesday, up 26 percent from a year earlier, and pointed to its artificial-intelligence infrastructure investments as…
South Korea’s KOSPI Jumps 3.7% as Chip Stocks Lead a Broad Rally
South Korea’s benchmark KOSPI index surged 3.72 percent on Thursday, its sharpest single-day gain in months, led by the country’s two largest chip makers. Samsung Electronics rose nearly 4 percent…
Intel Posts 22% Revenue Gain but Cuts Data Center Jobs
Intel reported second-quarter revenue up 22 percent from a year earlier on Wednesday, but the growth came with a round of layoffs in its data center and AI division, part…
SpaceX Prepares Starship’s 13th Flight as Short Sellers Press Their Bet
SpaceX was preparing to attempt the 13th flight of its Starship rocket on Wednesday from its launch site in Boca Chica, Texas, after engineers re-tested Booster 20, the booster slated…
Nvidia Unveils Edge AI Model and Ethernet Platform for Data Centers
Nvidia on July 22 introduced two products aimed at expanding its reach beyond the training chips that made it the most valuable company in the semiconductor industry. The first, Cosmos…
AMD to Invest Up to $5 Billion in Anthropic in AI Infrastructure Push
AMD announced a strategic partnership with Anthropic on Wednesday under which it could invest up to $5 billion in the AI company, and Anthropic will deploy AMD’s rack-scale Helios systems…
