30 Apr 2026
The trillion-dollar question: Is tech’s massive AI spending actually working?
A frenzied day of earnings reports offered a glimpse at how some of the world’s biggest tech companies are doing in artificial intelligence. The upshot: Alphabet Inc.’s Google is seeing a clear payoff from its AI spending, while Meta Platforms Inc. is lagging behind.
30 Apr 2026
Meta Could Spend $145 Billion This Year Due to AI
Wednesday saw Meta report earnings with revenue increasing 33% this past quarter, its fastest growth since 2021, but its shares dropped more than 7%. The company raised capital expenditures to at least $145 billion for 2026, driven by higher memory chip costs and an AI-driven data center buildout.
30 Apr 2026
Microsoft, Meta, and Google just announced billions more in AI spending—and only one got punished
Microsoft, Meta Platforms, and Google parent Alphabet announced billions in increased AI spending, with only Meta’s stock dropping more than 6% after hours. Alphabet’s Google Cloud saw record revenue growth of 63% year-over-year, while Meta’s CEO Mark Zuckerberg faced investor skepticism on AI ROI.
30 Apr 2026
OpenAI sued by families of school shooting victims in Canada's Tumbler Ridge
By April 29, 2026, families of victims of a mass shooting in Canada’s Tumbler Ridge sued OpenAI and CEO Sam Altman, alleging the company’s AI chatbot, ChatGPT, played a role in the February shooting by providing extensive conversations about scenarios involving gun violence. The lawsuits claim the shooter, 18-year-old Jesse Van Rootselaar, killed five students and a teacher, as well as two family…
30 Apr 2026
Amazon’s cloud business is surging — and so is its capital spending
Amazon’s cloud business, Amazon Web Services (AWS), saw its net sales increase 28% year-over-year, reaching $37.6 billion, marking the fastest growth rate in 15 quarters. AWS’ success is attributed to its pivotal role in fueling the AI boom, providing compute resources to the industry. Andy Jassy, Amazon’s CEO, highlighted this growth as unprecedented, comparing it to the early days of AWS, which…
29 Apr 2026
Microsoft Expects Headcount to Decrease in Coming Quarters
Microsoft reported quarterly results on Wednesday. The company said it expects headcount to decrease in its next fiscal year. Microsoft stock suffered its worst quarterly stock performance since 2008 earlier this year. Microsoft expects headcount to decrease in coming quarters, CFO Amy Hood said during an earnings conference call with analysts on Wednesday.
29 Apr 2026
Big US tech stocks swing as investors probe AI spend
The share prices of the biggest US tech firms swung up and down as investors considered their immense spending on artificial intelligence (AI). Facebook's owner Meta, Google's owner Alphabet, Microsoft, and Amazon all reported their business results for the first three months of this year on Wednesday. The companies collectively plan to spend more than half a trillion dollars on AI this year,…
29 Apr 2026
Tech giants double down on AI as earnings reveal growth gains and rising costs
Big Tech's multi-billion dollar AI bets are still on track as the Mag 7 giants report earnings. Four of the Magnificent Seven (Microsoft, Alphabet, Meta, Amazon) reported quarterly results showing they remain committed to spending billions on AI infrastructure.
29 Apr 2026
Microsoft reports sinking Xbox revenue as its cloud business climbs
Xbox hardware revenue took a 33 percent hit, even as Microsoft raked in $82.9 billion. Microsoft’s Xbox hardware revenue continues to tumble, with a 33 percent decline reported in its earnings. Despite this, Microsoft’s cloud and productivity businesses are thriving, driving revenue growth.
