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Monday, March 2, 2026

Tag: artificial intelligence investment

Microsoft Cuts Staff Library, 1,500 Azure Jobs in AI Push

Microsoft replaces employee library access with AI experiences and cuts 1,500 Azure jobs as part of a restructuring focused on cloud and artificial intelligence.

Alibaba Cloud Revenue Soars 34% as AI Demand Accelerates

Alibaba's cloud business jumps 34% driven by AI boom, though overall profit falls 52% amid e-commerce competition. Company may exceed $53B AI investment plan.

Microsoft Invests $15.2 Billion in UAE AI and Cloud Infrastructure

Microsoft commits $15.2 billion to UAE AI development through 2029, partnering with G42 and securing advanced chip export licenses for regional expansion.

Alphabet Q3 Revenue Hits $102.35B as AI Fuels Google Growth

Google parent Alphabet beats estimates with record $102.35B Q3 revenue as AI demand drives 34% cloud growth and strong advertising performance.

Bank of England Warns AI Bubble May Burst Amid Soaring Valuations

As OpenAI's valuation hits $500 billion despite massive losses, the Bank of England warns of a potential rapid correction in the AI sector reminiscent of the dotcom bubble.