Goldman Sachs strategist Ryan Hammond estimates that major hyperscalers will need to generate roughly $300 billion in annual AI revenue in the next few years simply to break even on their investments.

Spending on AI infrastructure by the five largest US hyperscalers is set to increase by more than half next year to $1.2 trillion, according to strategists at Goldman Sachs Group Inc. That figure is ...

Creatio, a Boston-based provider of AI-powered customer relationship management and workflow automation software, has announced a $300 million investment in its Bank.AI platform between 2026 and 2028.

Take cover: Alexandr Wang is reloading the "tweet cannon." Meta's chief AI officer has fired off more than 300 posts on X since the company launched Muse, its personal AI agent, on September 8. Many ...

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AI spending could hit $1 trillion next year, up from about $700 billion this year. Dimon remains cautious on inflation, saying it could persist or even rise. Ahead of the Trump-Xi summit, Dimon said ...

Technology companies have provided as much as $300 billion in guarantees to finance artificial intelligence data centers and chips during the past year, helping support the construction boom without ...

The US narrowly avoided boarding a Chinese ship based on an “entirely false” US intelligence report generated with the help of AI tools, according to a CNN report. That erroneous intelligence, ...

Headspace, a popular meditation and mental health support app, is being acquired by Sword Health, an artificial intelligence startup focused on healthcare. The Headspace acquisition is expected to ...

One of China’s most prominent AI labs, Moonshot AI, believes it can turn its popular open-weight model into serious sales growth. On Friday, Bloomberg reported that the lab is targeting $2 billion in ...

Anthropic researcher Jacob Coxon resigned this week, saying his former employer and its rival OpenAI are racing to build technologies that “could kill us all by the end of the decade.” In case anyone ...

Emmet Lyons is a news reporter at the CBS News London bureau, reporting and producing stories for all CBS News platforms. Prior to joining CBS News, Emmet worked as a producer at CNN for four years.