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Apple expanded its partnership with Broadcom in a multi-year deal worth more than $30 billion, its largest US manufacturing commitment, to produce over 15 billion American-made chips.
Microsoft cut about 4,800 jobs, roughly 2.1% of its workforce, hitting Xbox and commercial sales hardest, the latest tech layoffs to intensify fears about AI and work.
Big Tech’s AI capital spending is projected to reach about 3.2% of US GDP by 2027, overtaking national defense spending as a share of the economy for the first time.
Mark Zuckerberg told employees that Meta’s AI agents have progressed slower than expected and its restructuring was “not as clean” as planned, a rare admission amid huge AI spending.
Microsoft is investing $2.5 billion in Frontier, a new unit that will embed 6,000 engineers with customers to help them adopt AI, joining a wider industry race into hands-on deployment.
Venice AI, a privacy-focused platform offering access to more than 200 AI models without storing user data, has raised a $65 million Series A at a $1 billion valuation.
About $2.3 trillion was wiped from the Magnificent 7 in June as investors questioned Big Tech’s huge AI spending, even as chip and memory stocks kept climbing.
Microsoft is heading for its worst month since 2008 as investors worry that its heavy AI spending may not pay off and that AI could erode demand for its core software.
South Korea announced about $880 billion in planned investment to expand chipmaking, AI data centers and robotics, aiming to double memory output and revive regions outside Seoul.
ByteDance’s record offshore loan would nearly double its 2024 facility and help fund capital spending that could reach $70 billion this year on AI data centers.
Mistral’s reported €3 billion round would fund a 1-gigawatt European compute buildout, yet leaves the OpenAI rival far smaller than US and Chinese rivals.
Alphabet plans to raise $80 billion through stock offerings and a strategic investment from Berkshire Hathaway to expand AI infrastructure. The funding will support growing demand for Google’s AI services and computing capacity.
Major technology companies including Alphabet and Amazon are increasingly turning to international bond markets to help finance massive AI infrastructure investments.
SoftBank plans to invest €45 billion in three large-scale AI data centers in France as part of a broader €93 billion foreign investment push announced at the Choose France summit.
Nvidia has committed at least $6.5 billion to photonics companies in recent months as it seeks to overcome AI infrastructure bottlenecks. The investments target optical technologies that could reduce energy consumption and improve data transfer across future AI systems.