The purchase from Australian Macquarie Asset Management is the first deal for the AI Infrastructure Partnership which also includes Abu Dhabi-based fund MGX and Elon Musk’s startup xAI.
Read More BlackRock, Nvidia-backed group strikes $40 billion AI data center deal
Amazon doubled its Prime Day discount sales to four days this year and touted blowout numbers days after the event. But by one critical metric, it missed the mark.
Read More Exclusive: Amazon US Prime sign-ups slow despite expanded promotion, data shows
Apple will raise the price of streaming service Apple TV+ by $3, following a similar move by Peacock.
Read More Apple boosts subscription price for TV+ to $12.99
Subscribers to Amazon.com’s (AMZN.O) Prime service can now get strawberries, milk, meats and frozen dinners on the same day they order them.
Read More Amazon adds perishable foods to same-day delivery to take on Instacart, Walmart
Alphabet shares rose more than 3% in early trading as the Google parent’s earnings underscored a key message to investors: AI spending is climbing, but so are the returns.
Read More Alphabet jumps as AI-driven spending fuels cloud revenue surge
Online spending is expected to surge to $23.8 billion across U.S. retailers during a 96-hour Amazon Prime Day event, according to an Adobe Analytics forecast.
Read More Amazon Prime Day set to lift US online sales to $23.8 billion, Adobe estimates