| Mobile Web

All articles List

AI & Enterprise

Big cloud firms post record growth amid aggressive AI investment

Big cloud providers beat analysts' first-quarter expectations as aggressive investment in AI continues to translate into cloud business growth. Amazon Web Services posted revenue of $37.59 billion, up 28 percent, while Microsoft said Azure and cloud services revenue rose 40 percent. Alphabet's Google Cloud reported $20 billion in revenue, up 63 percent. The companies said they plan to keep investing heavily in AI infrastructure in 2026.

Crypto

Bitcoin spot trading volume hits lowest since October 2023, volatility fears grow on thinner liquidity

Bitcoin spot trading volume has fallen below $8 billion, its lowest since October 2023, even as expectations for further price gains rise. Glassnode data showed daily turnover has slid steadily since topping $25 billion in early February. Glassnode warned low volume can coincide with reduced market depth, making prices more sensitive to large orders. Options markets have not fully priced in higher volatility, with BVIV falling below 42 percent.

AI & Enterprise

Google Cloud emerges as Alphabet growth engine as quarterly revenue jumps 63 percent

Alphabet’s first-quarter revenue rose 22 percent, helped by growth in its cloud business, the Wall Street Journal reported. Revenue totaled about $110 billion, beating market expectations, and net profit climbed 81 percent to $62.6 billion. Google Cloud revenue rose 63 percent to $20 billion, and its backlog increased to $460 billion. Alphabet plans capital spending of $175 billion to $185 billion this year, nearly double its 2025 plan.