Browsing: AI investments

Amazon is investing at least $20 billion in Pennsylvania to expand its data center infrastructure and bolster its artificial intelligence and cloud computing technologies.

Microsoft plans to lay off thousands of employees, particularly in sales, as it streamlines its workforce amid increased AI investments, Bloomberg News reported.

Major US companies including Procter & Gamble, Microsoft, and Walmart are implementing layoffs despite a stable labor market, citing cost-cutting measures amid global uncertainty and AI investments.

Billionaire hedge fund manager Ken Griffin’s Citadel Securities has made significant moves in the AI stock market, doubling down on Advanced Micro Devices (AMD) while trimming its Nvidia (NVDA) stake.

Apple, Microsoft, Nvidia, Amazon, and Alphabet’s startup investment activities in 2024

Google parent Alphabet reassures investors about its AI investments, reporting better-than-expected ad revenue growth and strong cloud revenue