Five technology giants commit more than $3T to future spending
Alphabet, Meta, Microsoft, Amazon and Oracle have committed more than $3T to future spending on data centres, leases, equipment and energy, The Next Web reported, citing Bloomberg. Alphabet accounts for more than $1T and Meta for more than $800B.
AI infrastructure spending pushes three technology giants into negative cash flow
Alphabet, Amazon and Meta reported negative free cash flow as infrastructure spending rose, TechCrunch reported. Alphabet recorded negative $9.1 billion in the third quarter, Meta negative $2.1 billion, and Amazon negative $42.4 billion over the past 12 months.
AWS lets more Oracle database customers disable automatic minor upgrades
AWS now lets Amazon RDS for Oracle customers disable automatic minor version upgrades on new and existing database instances using the JVM, Spatial, Locator or OLAP options.
Intel shares fall around 28% after weaker fourth-quarter outlook
Intel shares fell around 28% on Friday after the company forecast fourth-quarter revenue of $15 billion to $16 billion, below analysts' expectations of around $17 billion. TechCrunch reported that the decline cut the value of the government's Intel stake by $12 billion.
Amazon sets up supplier financing to borrow as much as $80 billion
Amazon has established supplier financing arrangements to borrow as much as $80 billion against the value of hardware it buys, Bloomberg reported.
Quilty Space projects shortfall of about 150 launches through 2030
The world outside China faces a shortfall of about 150 rocket launches through 2030 against demand from satellite operators and civil space agencies, analytics firm Quilty Space estimates in a new report.
