Latest Business News
Alphabet Plans to Double Capex to Possible $185 Billion Amid CEO Concerns
Alphabet announced plans to nearly double its infrastructure spending from $91.4 billion last year to up to $185 billion, driven by AI demands, but this increase is keeping CEO Sundar Pichai up at night. The revelation came in its fourth-quarter earnings release on February 5, 2026.
This massive capex hike underscores intensifying competition in cloud and AI sectors.
Over a Million Lose Power in Snowstorm While Data Centers Guzzle Electricity
More than a million people faced power outages during a freezing snowstorm, even as nearby data centers consumed vast electricity. Data center agreements with utilities and governments are often not public, raising transparency issues.
The story, dated February 4, 2026, highlights tensions between tech infrastructure needs and public utilities.
IonQ Disputes Short-Seller Claims of Revenue Disclosure Failures
Quantum computing leader IonQ rebutted short-seller Wolfpack Research's accusations of misleading investors on cancelled government earmarks and suspicious insider sales. The dispute emerged on February 4, 2026, amid scrutiny of the biggest public quantum firm.
IonQ maintains its disclosures were proper.
TRM Labs Hits $1 Billion Valuation in $70 Million Funding Round
Crypto crime-fighting startup TRM Labs secured $70 million in funding, achieving a $1 billion valuation on February 4, 2026. The round bolsters its tools for tracking illicit blockchain activity.
This reflects growing investment in crypto compliance amid regulatory pressures.
Tech Stocks Plunge as Traders Fear AI Revenue Cuts Across Sectors
Tech stocks entered free fall on February 4, 2026, as markets realized AI could slash revenues industry-wide. The sell-off followed insights into AI's disruptive potential.
Investors are reassessing valuations in the face of generative AI impacts.
CoinDesk Indices Power First Regulated Crypto Futures on ICE
Intercontinental Exchange (ICE) will list seven new regulated cryptocurrency futures contracts benchmarked to CoinDesk Indices, announced February 5, 2026. This expands institutional access to altcoins and broad-market benchmarks.
The move, set for unveiling at Consensus Hong Kong, signals maturing digital asset markets.
Elon Musk’s SpaceX Acquires xAI in $1.25 Trillion Deal Ahead of IPO
SpaceX bought xAI in a stunning $1.25 trillion deal on February 2, 2026, positioning ahead of its looming IPO. The acquisition merges space and AI ambitions under Musk.
It marks a massive consolidation in frontier tech.
Global Economy Sees Uptick but Financial Services Growth Cools
Global business growth rose slightly in January 2026 per PMI data, though financial services demand cooled, restraining momentum. Manufacturing output hit joint-highest since June 2024, spilling over to industrial services.
The upturn remains broad-based across sectors.
Palantir’s Blockbuster Earnings Spark Global Stock Rally
Palantir reported incredible earnings on February 3, 2026, with its stock surging nearly 8% after hours, igniting a worldwide rally. The firm hailed itself as an 'n of 1' in performance.
Results fired the starting gun for broader market gains.
Oracle Defuses Key 2026 Risk but Market Skeptical
Oracle addressed a major risk entering 2026, per BofA analysts, yet its stock fell amid doubts. Confidence in OpenAI partnerships was highlighted but failed to lift shares.
The market remains unconvinced on growth prospects.
AWS CEO Pushes Back on Elon Musk’s Space Data Centers Plan
Amazon AWS CEO Matt Garman dismissed Elon Musk’s idea for space-based data centers on February 3, 2026. The rebuttal underscores terrestrial infrastructure preferences.
It highlights rivalries in cloud and space tech.