BUSINESS
Snowflake shares jumped after the company reported quarterly results that exceeded expectations, as investors celebrated robust demand for its cloud data platform and artificial intelligence products, prompting the company to raise its full-year revenue guidance.
BUSINESS
Meta is building a C$13 billion ($9.17 billion) data center in Alberta, part of a global expansion of its artificial intelligence infrastructure network. It will be the company's first major data center project in Canada and one of its largest investments outside the United States.
BUSINESS
OpenAI has quietly submitted confidential IPO paperwork to the SEC, just days after rival Anthropic did the same — marking a major turning point in the commercialization of artificial intelligence.
BUSINESS
The S&P Global flash PMI climbed to 52.0 as manufacturing hit a 47-month high, yet supply chain chaos tied to the Iran conflict is accelerating inflation and threatening to push Federal Reserve rate cuts further off the table.
BUSINESS
The Fortnite maker announced sweeping job reductions and hundreds of millions in planned savings as declining player engagement and rising operational costs force the gaming giant into its second major round of layoffs in three years.
