Microsoft just posted a massive quarter, with revenue up 17% to $81.3 billion. The star was Intelligent Cloud, fueled by Azure’s 39% growth. However, the company’s capital expenditures for AI hit a staggering $37.5 billion.
In a major power shift, Amazon and top luxury brands have been appointed to the official committee representing Saks’ creditors in its bankruptcy. This gives them a direct, influential voice in the retailer’s $3.4 billion restructuring, where they are owed hundreds of millions.
Microsoft’s latest earnings show strong revenue but spooked investors. The problem? Slowing Azure growth and a staggering reliance on a single customer, OpenAI, for future revenue. The AI arms race is getting expensive.
The UK government is promoting new “AI Growth Zones” with promises of thousands of local jobs. A closer look reveals these figures are based on flawed estimates from industry lobbyists and don’t reflect the reality of automated hyperscale data centres.
A new threat campaign dubbed “Operation Bizarre Bazaar” is targeting misconfigured, self-hosted AI infrastructure. Attackers are hijacking these servers to resell their compute power or use them as a pivot point into corporate networks.
Nvidia is deepening its bet on AI infrastructure with a massive $2 billion investment in cloud provider CoreWeave. This move comes as the scramble for data center power reaches a fever pitch. It’s a strategic play that goes far beyond just selling chips.
Nvidia CEO Jensen Huang is pushing back hard on critics. He says the idea that its $2 billion investment in cloud provider CoreWeave is a circular deal is “ridiculous.”
The technology for creating nonconsensual sexual deepfakes is rapidly evolving, moving from crude images to high-quality, customizable videos. An entire economy of websites and Telegram bots is profiting from this abuse, targeting millions of women and girls with terrifying ease.
A new report from Unit 42 details how cybercriminals can use large language models to create dynamic phishing attacks. The technique generates unique JavaScript for each victim, evading signature-based security tools.
European satellite operator SES is partnering with Taiwan’s state-backed Chunghwa Telecom to build a new ground station. The facility will support the high-throughput O3b mPower constellation. This move significantly expands satellite capacity in North Asia.
