One of the world’s largest investment firms says that only tech companies are getting a share of the AI pie. In an economic analysis published on Saturday, Apollo Global Management said that while the Magnificent Seven — a group of established tech companies that includes Nvidia and Meta — are seeing revenue growth during the
Oracle is holding the line on its data center spending forecast. On Thursday, Oracle reported $28.5 billion in first-quarter capital expenditures, up from $8.5 billion a year earlier. It kept its fiscal 2027 capital expenditure forecast at $90 billion to $95 billion, including data center spending. Its capex forecast has not changed from the guidance
Jensen Huang is feeling spendy. In the span of a few weeks, the Nvidia CEO has committed billions to deals and investments — with more potentially right around the corner. The spending spree shows how far Nvidia is expanding beyond chips and raises a bigger question: how much of the AI ecosystem does it want
AI is reshaping Uber — gradually, and as it keeps a handle on AI spending. The ride-hailing company kept a lid on its token spending during the second quarter by “by setting better defaults for different use cases,” using lower-cost models for some tasks, and “letting employees more clearly understand and manage their spend,” CFO
The bill for Google’s AI overspending is yet to come. Google said Wednesday that its second-quarter free cash flow turned negative by $5.9 billion, as the company’s capital spending continues to rise. It’s the first time the company has reported negative free cash flow in decades, according to AlphaSense, a sign of how much money
