The U.S. Trade Representative has condemned a $1 billion fine levied against Google by the European Union, stating the penalty creates significant trade uncertainty and undermines diplomatic efforts to resolve concerns over the EU's Digital Markets Act.
Morgan Stanley has initiated coverage on several bitcoin mining companies, arguing their existing power infrastructure positions them to capitalize on the surging demand for AI data centers.
Advanced Micro Devices announced its next-generation 'Helios' AI server is in full production and will ship by the end of Q3, with major AI labs like OpenAI and Anthropic set to deploy the new hardware in a direct challenge to Nvidia.
CEO Stephen Schwarzman said the private equity firm is taking steps to manage the environmental and community impacts of data centers amid growing local resistance. The comments come as a Blackstone-owned operator recently canceled a major project in Virginia due to local opposition.
Blackstone CEO Stephen Schwarzman acknowledged growing community and environmental concerns surrounding the construction of AI data centers, outlining measures the firm is taking to mitigate the impact of the industry's rapid expansion.
Alphabet has increased its fiscal 2026 capital expenditure forecast to between $195 billion and $205 billion, part of a broader AI spending surge by tech giants that is set to exceed $1 trillion and benefit key players across the semiconductor and data center supply chain.
A sharp sell-off in technology mega-caps saw the 'Magnificent Seven' stocks lose a collective $123.96 billion in a single session. The decline was led by Tesla and Alphabet amid investor concerns over AI spending and project delays.
Financial firm B. Riley has updated its analysis of the education sector, reaffirming confidence in companies like Phoenix Education Partners, American Public Education, and Universal Technical Institute despite industry challenges.
U.S. auto safety regulators are beginning the process to create new federal rules for vehicle door egress systems, following a petition that highlighted risks of occupants becoming trapped in cars with electronic handles, such as those on Tesla models.
