Meta Creates New Stock Class to Fund AI Spending Spree
Meta's new stock class funds AI spending while leaving Zuckerberg's voting control untouched. Capex guidance rises to $135bn-$145bn.
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Oracle Q1 Results: Cloud Revenue Surges 121% to $7.4bn
Oracle Q1 results show record $19.3bn revenue and 121% cloud infrastructure growth, but capex guidance of $90-95bn raises financing questions.
Microsoft plans 38 gigawatts of data centre capacity by 2032
Microsoft's data centre capacity plan targets 38 gigawatts by 2032, more than triple current levels, Bloomberg reports, as AI demand outstrips supply.
Ardent’s Strategic Restructuring Sees Profit Dive
Ardent Hire Solutions, amidst a strategic restructuring, has reported a notable downturn in its profits.The company's revenue declined from a prior peak as Ardent shifted focus from earthmoving machinery to…
