Google justifies its massive AI spending with a booming cloud business

Published on July 22, 2026
Google's cloud business is thriving, as companies adopting its AI and AI infrastructure services help the tech giant to report record profits.
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Treasury threatens sanctions after White House claims Moonshot distilled Anthropic's Fable

July 22, 2026
Treasury Secretary Scott Bessent warned the U.S. government could sanction Chinese AI companies after White House officials accused Moonshot of distilling Anthropic's Fable model to develop Kimi K3.

After shocking quarter, IBM insists that AI isn't killing the mainframe

July 22, 2026
After IBM's stock crashed last week on warnings of a poor mainframe sales, the CEO explained that AI wrecked corporate hardware budget, temporarily.