After shocking quarter, IBM insists that AI isn’t killing the mainframe
After IBM’s stock crashed last week on warnings of poor mainframe sales, the CEO explained that AI wrecked corporate hardware budget, temporarily.
Google justifies its massive AI spending with a booming cloud business
Google’s cloud business is thriving, as companies adopting its AI and AI infrastructure services help the tech giant to report record profits.
Treasury threatens sanctions after White House claims Moonshot distilled Anthropic’s Fable
Treasury Secretary Scott Bessent warned the U.S. government could sanction Chinese AI companies after White House officials accused Moonshot of distilling Anthropic’s Fable model to develop Kimi K3.
Tesla spending skyrockets as Cybercab, Semi, Megapack production timeline slips
Tesla’s 26% boost in revenue wasn’t enough to offset rising operating expenses and capital expenditures as it pushes to launch a new generation of products.