Amazon to Invest 105 Billion in Uk for Cloud Ai Infrastructure

ServiceNow, Coreweave and others to invest $8.2 billion in UK data centers to fuel AI growth

American enterprise software giant ServiceNow and cloud computing startup CoreWeave plan to invest billions of dollars in their U.K. operations.

Business - CNBC - October 14

Amazon Shares Rise on Robust Demand, Surge in AI Infrastructure Spending

The tech company’s capital expenditures reached a quarterly record amid a big build-out of artificial-intelligence infrastructure.

Business - The Wall Street Journal - October 31

AI demand drives growth and higher spending at Amazon’s cloud business

Ecommerce company’s shares rise as it also gives an upbeat forecast for the holiday quarter

Business - Financial Times - October 31

Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI

Amazon reported a boost in its quarterly profits Thursday and exceeded revenue estimates

Tech - ABC News - October 31

Infrastructure is destiny in the AI era

It’s increasingly clear that building more data centers and power plants will catalyze a reindustrialization of the U.S. that benefits the entire country.

Politics - The Hill - October 24

Apple looks strong on AI; Amazon rules the cloud. Earnings will show how much.

Expect positive surprises from these two “Magnificent Seven” standouts.

Business - MarketWatch - October 31

Generative AI startups get 40% of all VC investment in cloud amid ChatGPT buzz

Venture capital firm Accel says that funding for cloud startups is set to rise 27% in 2024 thanks to a boost from AI — the first year of growth in three years.

Business - CNBC - October 16

Debt rule to change to fund major projects

Government claims the move contrasts with former PM Liz Truss's controversial mini-Budget.

UK Treasury chief Rachel Reeves unveils budget with 40 billion pounds in tax hikes, says she'll “invest, invest, invest”

World - ABC News - October 30

Amazon CEO pledges AI investments will pay off as capital expenditures surge 81%

Amazon CEO Andy Jassy reassured shareholders that the company expects to make money on its generative AI investments.

Business - CNBC - November 1

U.S. Tech Firms to Invest More Than $8 Billion in U.K. Data Centers Amid AI Frenzy

Surging AI demand has led to a combined investment of $8.23 billion in U.K. data centers from four American tech companies.

Tech - The Wall Street Journal - October 14

Taxes, spending and borrowing all higher as the new Labour government seeks to 'rebuild' the UK

British Treasury chief Rachel Reeves says taxes will rise by $52 billion to plug a hole in the public finances and provide new funding for the U.K.‘s cash-starved public services, as she announced ...

World - ABC News - October 30

Amazon shares pop on earnings beat, cloud growth

The company's cloud and advertising units showed strong growth.

Business - CNBC - October 31

The UK should resist calls for infrastructure public ownership

Privatisation is not the solution for every situation but it can be highly effective in many cases

World - Financial Times - October 15

Study: Germany needs €400 billion to renew crumbling infrastructure

World - Yahoo News - October 24

Chancellor to change debt rules to release billions for infrastructure spending

Rachel Reeves tells the BBC the change will allow the government to borrow more money - but cuts are still expected in her first Budget next week.

Amazon's cloud unit records highest profit margin in at least a decade

Amazon Web Services delivered an operating margin of over 38%, the highest since at least 2014.

Business - CNBC - October 31

Amazon beats Wall Street expectations with strong cloud business growth

Shares rise as company reports quarterly revenue of $158.9bn – more than analysts had forecast. Amazon became the latest of the “magnificent seven” tech giants to report quarterly earnings on ...

World - The Guardian - October 31

Amazon crushed it in e-commerce and cloud, forecast an impressive holiday quarter

We're reiterating our 1 rating and raising our price target to $240 price target from $220.

Business - CNBC - November 1

Amazon’s cloud growth takes a backseat as this retail reality shines through

Often cloud growth drives Amazon’s stock movements after earnings, but this time analysts are keying in on overall profit as well as retail momentum for nondiscretionary purchases.

Business - MarketWatch - November 1

Amazon, Google and Microsoft Are Investing in Nuclear Power

Large technology companies are investing billions of dollars in nuclear energy as an emissions-free source of electricity for artificial intelligence and other businesses.

Business - The New York Times - October 16

Amazon Stock Jumps After Earnings Report Record $15.3 Billion Profit

The tech giant’s cloud computing business picked up steam and its retail business showed resiliency.

Business - The New York Times - October 31

Senegal Plans to Invest About $30.5 Billion In Development

World - Yahoo News - October 14

Biden announces $3 billion investment in U.S. ports

President Biden announced a $3 billion investment to reinvigorate ports across the U.S. Mr. Biden spoke from the Port of Baltimore, not far from the site of the Francis Scott Key Bridge collapse.

Microsoft Cloud revenue rises on AI boom but softer outlook weighs on shares

Warnings of slowing Azure growth and rising data centre costs damp initial optimism on tech giant’s quarterly earnings

Business - Financial Times - October 31

Microsoft Shares Slip as Forecast Sparks Concern About AI and Cloud Revenue

The company’s projection points to less growth than anticipated, causing concern about the payoff for its massive AI investment.

Business - The Wall Street Journal - October 31

Google's cloud outpaces rivals in third quarter as AI battle heats up

One takeaway from tech earnings reports this week is that Google's cloud business is gaining momentum.

Business - CNBC - 6 days ago

U.S. to Curb AI Investment in China Soon

Some technologies and financial commitments will be blocked, based on President Biden’s 2023 executive order to keep American expertise from helping the Chinese military.

Business - Inc. - October 22

Amazon signs deals to build, invest in small modular nuclear reactors

Amazon announced a series of deals Wednesday aimed at building out small modular nuclear reactors, becoming the latest major technology company to invest in nuclear energy as Big Tech contends with ...

Politics - The Hill - October 16