Catenaa, Monday, June 09, 2025- Amazon will invest $20 billion in two data center complexes in Pennsylvania, the company said on Monday, with the rapid growth in cloud computing and AI. The investment will create 1,250 high-skilled jobs and support thousands more in the Amazon Web Services data center supply chain, as it will be […]

Catenaa, Friday, August 01, 2025- Apple CEO Tim Cook signaled on Thursday that the iPhone maker was ready to spend more to catch up to rivals in AI  by building more data centers or buying a larger player in the segment. The Company posted quarterly revenue of $94.0 billion for the quarter ended on June […]

Catenaa, Friday, March 07, 2025- Broadcom recorded more than expected revenue in the first quarter of 2025, the company reported on Thursday, with 25% growth year over year driven by Artificial Intelligence (AI). Chipmaker’s revenue stood at $14.9 billion for the first quarter, while adjusted net income came in at $7.82 billion, up from $5.25 billion a […]

Catenaa, Tuesday, August 12, 2025- China has urged local companies to avoid using Nvidia’s H20 processors, particularly for government-related purposes, complicating the chipmaker’s return to China. Quoting sources, Bloomberg said that over the past few weeks, Chinese authorities have sent notices to a range of firms discouraging the use of the less-advanced semiconductors. The guidance […]

Catenaa, Friday, March 07, 2025– China will set up a government-backed venture capital guidance fund in the near future that will mobilize $138.01 billion from social capital to support technology startups, country’s top economic regulator said on Thursday. “In the near future, we will establish a national venture capital guidance fund, with the goal of enhancing, strengthening and […]

Catenaa, Friday, July 18, 2025- China hopes that Nvidia will provide high-quality and reliable products and services to Chinese customers, as demand for H2O chips soars. Chinese Commerce Minister Wang Wentao said in a statement on Friday that Nvidia was willing to deepen cooperation with Chinese partners in the field of artificial intelligence. Nvidia CEO […]

Catenaa, Monday, July 21, 2025- CoreWeave stock rose more than 4%% on Monday morning after the renter of artificial intelligence data centers said it plans to sell $1.5 billion worth of bonds. The company said in a release that the notes, due in 2031, will use the capital for general purposes, such as paying off […]

Catenaa, Monday, July 07, 2025- CoreWeave will buy crypto miner Core Scientific in an all-stock deal valued at about $9 billion, the company said on Monday, as it looks to expand AI capacity. The deal will help in the immediate elimination of more than $10 billion of cumulative future lease overhead to be paid for […]

Catenaa, Thursday, August 07, 2025- Duolingo shares jumped more than 31% on Thursday after the language learning platform boosted its guidance due to strong user growth driven by artificial intelligence. The mobile learning platform hiked its full-year guidance to between $1.01 billion and $1.02 billion, up from a prior range of $987 million to $996 […]

Catenaa, Monday, August 18, 2025- Foxconn will no longer assemble iPhones for Apple as its main business, as it takes advantage of the AI boom to diversify its income. Its revenue from making AI servers and other cloud and networking products, including for major customer Nvidia, surpassed smart consumer products such as iPhones for the […]

Catenaa, Thursday, July 10, 2025- Microsoft has been able to save $500 million on the use of AI after the company laid off 9,000 workers in its third round of layoffs so far this year. Microsoft’s Chief Commercial Officer Judson Althoff said during a presentation this week that AI tools are boosting productivity across sales, […]

Catenaa, Wednesday, June 04, 2025– Palantir Technologies’ rally shows no sign of letting up, with the stock gaining 71% so far in the year as investors remain captivated by its artificial intelligence promise. Shares of the data-analysis software company closed at a record for a third consecutive day Tuesday, but were down by 3.4% on […]

Catenaa, Wednesday, July 23, 2025- US President Donald Trump is expected to release an AI action plan on Wednesday that reportedly outlines how the US can win in the global race to develop artificial intelligence. Media reports suggest the document will likely mark a split from Biden administration policies, which favored restrictions against exports of […]

Catenaa, Tuesday, August 05, 2025- The US government has added OpenAI, Google and Anthropic to a list of approved artificial intelligence vendors for civilian federal agencies. A report by Bloomberg on Tuesday said the move by the General Services Administration will speed up the adoption of AI tools in the federal government by making them […]

Catenna, Monday, March 17, 2025—After DeepSeek’s success, the biggest tech firms in the US will increase their combined annual spending on artificial intelligence to more than $500 billion by early next decade, Bloomberg Intelligence reported on Monday. Bloomberg Intelligence said companies, including Microsoft, Amazon, and Meta Platforms are projected to spend $371 billion on data centers […]