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SpaceX Signals Ambition to Build Terrestrial Mobile Network

During the company's first earnings call, SpaceX president Gwynne Shotwell revealed the company's intention to build out terrestrial mobile infrastructure. Shotwell stated that the spectrum purchased from EchoStar includes terrestrial components, which the company plans to fully utilize. The move positions SpaceX to potentially compete directly

Fed Official Flags AI Infrastructure Spending as Area Requiring Financial Monitoring

Federal Reserve officials are turning their attention to the financial implications of massive AI infrastructure investments. The central bank's focus on this area suggests growing concern about how capital deployment in artificial intelligence may affect broader economic conditions. The remarks indicate that policymakers are monitoring the scale and

Big Tech's $1 Trillion Data Center Bet: The Hidden Cost of the AI Infrastructure Race

The race to build AI infrastructure is creating a massive financial overhang for Big Tech. Data centers, the physical backbone of modern AI systems, require billions of dollars in capital investment and multi-year commitments for power, cooling, and physical space. Lease obligations for these facilities have surged as companies compete

Google's Multi-Billion Dollar Bet on Anthropic Reshapes the AI Investment Landscape

Recent financial reporting has illuminated the extent of Google's financial relationship with Anthropic, the AI company behind the Claude chatbot. The investment framework reportedly involves billions of dollars in cloud computing credits and infrastructure commitments, with projections potentially reaching into the hundreds of billions over time. The arrangement

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Perplexity Wins Appeal Against Amazon's Injunction on AI Shopping Bot

Amazon's legal challenge against Perplexity's AI shopping functionality has come to an end with Perplexity prevailing in court. The injunction, which Amazon secured in late 2025, had temporarily restricted how Perplexity's AI could summarize and present product information from Amazon's marketplace. The

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SpaceX's AI Compute Business Triples Revenue to $2.6 Billion

SpaceX's artificial intelligence division has emerged as a significant revenue driver for the company, with quarterly AI-related earnings reaching $2.6 billion—a more than threefold increase from the previous year, according to the company's quarterly earnings reports. The growth stems primarily from agreements to provide

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Electronic Arts Taken Private in Record $55 Billion Deal Led by Saudi Arabia's PIF

Electronic Arts (EA) has officially completed its transition from a publicly traded company to private ownership. The $55 billion deal, led by Saudi Arabia's Public Investment Fund (PIF) alongside Silver Lake and Affinity Partners, closed this week, with PIF acquiring a reported 93.4% stake in the company.