Alibaba’s Profit Falls 75% as AI Spending Surges
Alibaba’s profit fell about 75% in the June quarter as AI infrastructure spending jumped 75%, even as cloud revenue grew 45% and the company touted its new Qwen3.8-Max model.
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Alibaba’s profit fell about 75% in the June quarter as AI infrastructure spending jumped 75%, even as cloud revenue grew 45% and the company touted its new Qwen3.8-Max model.
NVIDIA has formed a long-term partnership with Ilya Sutskever’s Safe Superintelligence, reportedly investing $5 billion and giving the secretive AI lab access to Vera Rubin systems that will expand its computing capacity tenfold.
Google Inc. is the core Google technology company known for internet search, digital advertising, Android, Chrome, Google Cloud, Workspace, consumer apps, developer tools, and Gemini-powered product experiences.
Alphabet is a leading big tech platforms and ai infrastructure company shaping platform technology, AI products, and internet-scale software across AI, cloud, chips, software, devices, and enterprise technology.
Google and Blackstone have formed a new AI infrastructure company focused on offering cloud access to Google’s TPU chips. The venture aims to expand alternatives to Nvidia-powered AI infrastructure with $5 billion in initial funding.
Anthropic has reportedly committed to spending $200 billion on Google Cloud services over five years, underscoring the massive infrastructure demands of advanced AI development.
Nvidia and Google Cloud unveiled new AI infrastructure and agentic AI capabilities at Google Cloud Next, targeting large-scale enterprise and industrial deployments.
Alphabet’s shares dropped 5% after reporting Q4 revenue of $113.8 billion, beating estimates, while projecting significant AI-related capital expenditure for 2026.
Alphabet reached a $4 trillion market valuation after a 65% stock gain in 2025, fueled by AI investments including Gemini 3 and custom AI chips for enterprise and consumer products.
AI from companies like OpenAI and Google is reshaping how startups design and execute go-to-market plans. Leaders say AI boosts speed and precision, but core marketing expertise remains vital.
Google and Accel will co-invest up to $2M in early-stage Indian AI startups through Accel’s Atoms program, offering capital, compute credits, and deep technical mentorship.
Meta is in talks to spend billions on Google’s TPUs for its data centers, a shift that would position Alphabet as a stronger competitor to Nvidia. The discussions include Meta potentially renting Google Cloud chips as early as next year.
Google executives told employees the company must double its compute capacity every six months to keep pace with surging demand for AI services, underscoring the rising cost and competition in cloud infrastructure.
Google will invest €5.5 billion ($6.41 billion) in Germany to expand its cloud and data center capacity, building new facilities in Hesse as part of its European infrastructure strategy.
Google’s $32B acquisition of cloud security startup Wiz has cleared U.S. antitrust review, bringing the tech giant one step closer to completing its largest-ever deal.