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Google data centre, cloud infrastructure

Google cloud growth tops Microsoft and Amazon as all three beat estimates on AI demand

Amazon, Google, and Microsoft all reported better-than-expected first-quarter cloud earnings, signalling an acceleration of AI demand. Google Cloud outpaced rivals with the strongest growth rate, capitalizing on demand for AI infrastructure and enterprise AI applications. The results show that the trillion-dollar AI investment thesis is translating into real revenue growth.

CNBC Top News167 h agoGOOGL MSFT AMZN SPX

San Francisco tech company office building

Elon Musk takes stand in OpenAI trial, claims Altman wanted 'keys to kingdom'

Elon Musk testified in his lawsuit against OpenAI, claiming Sam Altman sought to convert the non-profit AI lab into a for-profit entity to gain full control. The trial exposes the power struggle inside one of the world's most influential AI companies.

CNBC Top News215 h agoMSFT NVDA

20,000 Job Cuts at Meta, Microsoft Raise Concern That AI-Driven Labor Crisis Is Here

Meta is laying off 10% of its workforce while Microsoft announced employee buyout programs for the first time in its 51-year history. Big Tech's massive AI spending is now translating into significant job cuts across the sector.

CNBC Top News312 h agoMETA MSFT SPX

Federal Reserve headquarters building in Washington DC

Fed holds rates steady with highest board dissent since 1992

The Federal Reserve held interest rates steady at 3.50-3.75 percent as expected, but the board vote showed the highest level of dissent since 1992. Jerome Powell announced he will continue serving as a Fed governor after his term as chair ends in mid-May.

CNBC Top News191 h agoSPX NVDA MSFT