Latest Business News
Alphabet Plans to Double Capex Spending to Possible $185 Billion
Alphabet revealed plans to nearly double its infrastructure investments from $91.4 billion last year, potentially reaching $185 billion, as per its Q4 earnings. This massive increase is causing concern for CEO Sundar Pichai.
The move underscores heavy bets on AI and data centers.
Over a Million Lose Power in Snowstorm While Data Centers Guzzle Electricity
More than a million people faced power outages during a freezing snowstorm, contrasting with nearby data centers consuming vast electricity. Data center agreements with utilities are often not public.
This highlights tensions between tech infrastructure and public utilities.
IonQ Disputes Short-Seller Claims on Revenue Disclosure Failures
Quantum computing leader IonQ refuted Wolfpack Research's allegations of misleading investors on cancelled government earmarks and insider sales. The dispute centers on revenue transparency.
IonQ remains the largest publicly traded quantum firm.
Former Cohere Exec Raises $50 Million for AI Startup Adaption Labs
Sara Hooker, ex-Cohere executive, secured $50 million for Adaption Labs, focusing on smaller, smarter AI models. The funding bets on efficient AI alternatives to large models.
This reflects a trend toward optimized AI development.
PayPal Finance Chief Jamie Miller Becomes Interim CEO as Stock Drops 80%
With PayPal's stock down 80%, CFO Jamie Miller stepped in as interim CEO. The leadership change aims to stabilize the company.
Investors watch for recovery strategies.
Crypto Crime-Fighting Startup TRM Labs Hits $1 Billion Valuation
TRM Labs raised $70 million, achieving a $1 billion valuation for its crypto crime-fighting tools. The funding supports blockchain security amid rising crypto activity.
It signals investor confidence in compliance tech.
Amazon AWS CEO Pushes Back Against Elon Musk’s Space Data Centers Plan
AWS CEO Matt Garman criticized Elon Musk's proposal for space-based data centers. The rebuttal highlights terrestrial infrastructure preferences.
This debate shapes future cloud computing strategies.
New Disney CEO Josh D’Amaro to Earn $45 Million with Clean Break from Iger
Incoming Disney CEO Josh D’Amaro stands to make $45 million, gaining a full separation from predecessor Bob Iger. The package includes valuable transition terms.
It marks a new era for Disney leadership.
Palantir’s Blockbuster Earnings Spark Global Stock Rally
Palantir reported strong earnings, triggering an 8% after-hours stock surge and broader market rally. The company hailed its unique position as 'n of 1'.
Results boosted AI and tech sector sentiment.
Bank of Canada Warns of Structural Changes from US Protectionism
Canada's economy faces modest growth amid US trade uncertainties and tariffs, per Bank of Canada speech. Businesses adapt supply chains; investment expected to strengthen.
Inflation stays near 2% target despite pressures.
Canada Reinforces Commitment to Automotive Sector Amid Trade Tensions
Minister Sidhu highlighted support for Canada's auto industry via the Regional Tariff Response Initiative. The event underscores adaptation to global trade shifts.
It aims to bolster manufacturing resilience.