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Amazon Web Services Growth Soothes AI Spending Fears With 37% Revenue Jump

Amazon Web Services posted 37% cloud revenue growth to $42.2 billion in Q2, its strongest performance since 2021. Despite negative free cash flow and a raised capital expenditure forecast to $220 billion, investors rewarded the company with a 12% stock surge as AWS growth demonstrated that massive AI infrastructure investments are converting into tangible returns.

Business34 sources

Amazon Web Services Growth Soothes AI Spending Fears With 37% Revenue Jump

Business34 sources

Meta Earnings Miss Expectations as Massive AI Investment Drains Cash Flow by 91%

Meta reported disappointing Q2 2026 earnings with net income falling 14% to $15.85 billion while AI costs drove expenses up 55%. The company's free cash flow plummeted 91% to just $784 million from $8.55 billion a year ago, as capital expenditures reached $31.08 billion and Mark Zuckerberg raised the AI spending floor to $130 billion despite limited returns from projects like Muse Spark.

Business14 sources

Meta Earnings Miss Expectations as Massive AI Investment Drains Cash Flow by 91%

Business14 sources

Willie Nelson blasts AI data centers as 'water thieving' threat to Texas farmland

Country music legend Willie Nelson, 93, issued a scathing open letter criticizing AI data centers invading rural Texas communities. The longtime environmental activist warned that the facilities threaten farmland, water resources, and rural livelihoods. His plea comes as Texas faces a data center boom and 70% of Americans oppose such construction in their communities.

Entertainment3 sources

Willie Nelson blasts AI data centers as 'water thieving' threat to Texas farmland

Entertainment3 sources

Brookfield and NextEra to Build $100bn AI Data Center Campus on Former Nuclear Weapons Site in Kentucky

Brookfield and NextEra Energy announced plans to transform a Cold War-era uranium enrichment facility in Paducah Kentucky into a $100 billion AI data center campus. The project includes 2 gigawatts of natural gas power plants and 2.6 gigawatts of battery storage capacity, marking one of the largest AI infrastructure investments in US history.

Business7 sources

Brookfield and NextEra to Build $100bn AI Data Center Campus on Former Nuclear Weapons Site in Kentucky

Business7 sources

Marvell Technology plans $250M India investment to expand Bangalore facility and double headcount

Marvell Technology announced a $250 million investment in India over three years, doubling its workforce and expanding facilities in Bengaluru and Hyderabad. The move strengthens India as the company's second-largest R&D hub globally, focusing on advanced semiconductor solutions for AI, cloud infrastructure, and custom silicon development for hyperscalers.

Business5 sources

Marvell Technology plans $250M India investment to expand Bangalore facility and double headcount

Business5 sources

United Microelectronics raises 2026 capex to $2 billion, expands fabs for AI demand surge

Taiwan's United Microelectronics announced a major expansion, raising its 2026 capital expenditure to $2 billion from $1.5 billion to meet surging AI demand. The chipmaker will add cleanroom capacity at its Singapore facility and construct a new fab building at its Tainan campus in Taiwan, while reporting strong Q2 results with revenue up 17% year-over-year to $2.18 billion.

Business2 sources

United Microelectronics raises 2026 capex to $2 billion, expands fabs for AI demand surge

Business2 sources

Ofgem proposes data centres pay hundreds of millions in deposits to secure grid connections

Britain's energy regulator Ofgem has unveiled proposals requiring data centres to pay refundable deposits of up to hundreds of millions of pounds to secure electricity grid connections. The measure targets speculative projects amid a massive surge in demand, with 315 datacentres representing 73GW now queuing for access—far exceeding Britain's entire 45GW peak energy demand.

Policy2 sources

Ofgem proposes data centres pay hundreds of millions in deposits to secure grid connections

Policy2 sources

KLA Corp projects strong quarter as AI infrastructure spending fuels semiconductor demand

KLA Corp reported fourth-quarter revenue of $3.66 billion and forecast first-quarter revenue up to $4.2 billion, surpassing Wall Street estimates. The semiconductor equipment manufacturer expects accelerating momentum through 2027, driven by AI infrastructure buildout and rising demand for process control systems. Despite the upbeat quarter forecast, shares fell 8% in after-hours trading.

Business2 sources

KLA Corp projects strong quarter as AI infrastructure spending fuels semiconductor demand

Business2 sources

Seagate's Hard Drives See Massive Demand as AI Storage Boom Extends Capacity Commitments to 2028

Seagate reports cloud providers now account for 90% of its exabyte shipments as AI infrastructure boom drives unprecedented demand for high-capacity hard drives. The company has already allocated most nearline drive capacity through calendar 2028, with customers now planning storage requirements into 2029.

Business7 sources

Seagate's Hard Drives See Massive Demand as AI Storage Boom Extends Capacity Commitments to 2028

Business7 sources

AI boom complicates monetary policy as central banks struggle to read blurred economic signals

The Bank for International Settlements warns that the AI boom is creating unprecedented challenges for central banks worldwide. As AI simultaneously drives investment demand and potential productivity gains, traditional economic indicators are becoming harder to interpret. This raises the risk of policy miscalibration, with central banks potentially misjudging whether strong growth reflects temporary investment surges or lasting improvements in productive capacity.

Policy4 sources

AI boom complicates monetary policy as central banks struggle to read blurred economic signals

Policy4 sources

Meta and BlackRock forge $14 billion venture to build massive El Paso data center for AI

Meta Platforms and BlackRock have formed a $14 billion joint venture to develop a data center campus in El Paso, Texas. BlackRock-managed funds will own 80% of the AI-focused facility, while Meta retains 20% and remains the sole tenant. The deal allows Meta to keep most costs off its balance sheet as it races to build AI infrastructure.

Business8 sources

Meta and BlackRock forge $14 billion venture to build massive El Paso data center for AI

Business8 sources

AI Token Costs Spiral as Enterprises Scramble to Control Budgets with Wallets and Routers

The era of unlimited AI spending is over. As agentic AI drives token consumption to unsustainable levels, major companies are implementing AI budgets, routers, and wallets to control costs. EY built an AI router to manage its $1 billion AI investment, while Atlassian caps engineers at $500-$2,000 monthly. The shift from tokenmaxxing to tokenomics marks a fundamental change in how enterprises approach AI adoption.

Business11 sources

AI Token Costs Spiral as Enterprises Scramble to Control Budgets with Wallets and Routers

Business11 sources

Meta quits global renewables pledge after backing 10 gas plants to power AI data centers

Meta has exited RE100, the global corporate initiative for 100% renewable electricity, after committing to fund 10 natural gas power plants in Louisiana to meet the surging power demands of AI. The tech giant joined the initiative in 2016 and claimed to meet its renewable energy goals in 2021, but AI's explosive growth has forced a dramatic reversal of its corporate sustainability pledges.

Business2 sources

Meta quits global renewables pledge after backing 10 gas plants to power AI data centers

Business2 sources

AI Stock Sell-Off Hammers Chipmakers as South Korean Market Plunges 25% in Month

The South Korean stock market faced unprecedented turmoil as AI stock sell-off intensified, with trading halted after the Kospi plunged 8 percent. SK Hynix shares dropped 45 percent from June highs despite record profits, while Samsung Electronics fell over 9 percent, wiping $570 billion off market value and raising questions about the sustainability of AI spending.

Business18 sources

AI Stock Sell-Off Hammers Chipmakers as South Korean Market Plunges 25% in Month

Business18 sources

Apple's Hybrid AI Strategy Becomes 'Competitive Weapon' as Supply Constraints Loom Under New Leadership

Apple posted record June quarter iPhone revenue of $54.25bn but shares fell 7% on supply warnings. Tim Cook defended the company's hybrid AI strategy as a competitive advantage while memory shortage and chip costs threaten device pricing. John Ternus inherits a $5tn company with AI challenges ahead.

Technology10 sources

Apple's Hybrid AI Strategy Becomes 'Competitive Weapon' as Supply Constraints Loom Under New Leadership

Technology10 sources

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