Section
Technology
Anthropic Leases SpaceXAI's 300MW Memphis Data Center for AI Compute
Anthropic has leased the full 300-megawatt capacity of SpaceXAI’s Colossus 1 data center in Memphis, Tennessee, securing approximately 220,000 Nvidia GPUs in one of the largest single-tenant cloud compute transactions the AI sector has seen.
AMD beats on Q1 as data-center revenue jumps 57%, lifting AI chip rally
Advanced Micro Devices reported $10.25 billion in first-quarter revenue and $1.37 EPS on Tuesday, with data-center sales up 57 per cent to $5.78 billion. Shares rose 18 per cent on Wednesday and lit a wider chip-stock rally.
Arm beats on Q4 but stumbles on AGI CPU supply as $2bn data center orders pile up
Arm topped Q4 estimates with $1.49bn in revenue and 60-cent EPS, then watched its US shares give back gains after executives said only the first $1bn of $2bn-plus AGI CPU orders has secured chip supply.
Samsung crosses $1tn market value as AI memory boom rewrites Asia chip order
Samsung Electronics crossed a $1tn market value on Wednesday, only the second Asian company after TSMC to reach the threshold, after a 14 per cent share-price jump driven by record memory-chip earnings and tightening AI supply.
Big Tech AI capex now drives three-quarters of US GDP growth
Capital expenditure on AI infrastructure by Amazon, Microsoft, Alphabet, Meta and Oracle is now responsible for roughly 75 per cent of all US economic growth in Q1 2026, according to estimates compiled this week. Stop the AI build-out and you print a recession headline within two quarters.
PayPal to cut 4,500 jobs in $1.5bn AI restructuring as it tries to 'become a technology company again'
PayPal will cut roughly 20 per cent of its workforce, more than 4,500 employees, over the next two to three years as part of a $1.5 billion cost-saving plan that the company is pitching as an artificial-intelligence-driven turnaround, chief executive Enrique Lores told investors on a first-quarter earnings call.
AI build-out costs are reaching consumer pockets, tech earnings show
The cost of the AI build-out has begun to flow through to consumer-electronics buyers, with the latest Big Tech earnings revealing rising prices on devices, subscriptions and cloud services as hyperscalers funnel profits into AI capacity.
