2026-07-24
Intel Q2 earnings double estimates as AI data centre revenue surges 59 percent
Intel posted second-quarter 2026 revenue of more than $16 billion, a 25 percent jump from a year earlier and the company’s fastest growth since late 2011. Adjusted earnings per share came in at 42 cents, double the 21-cent consensus estimate on Wall Street. Shares initially climbed on the results but reversed course during extended trading, […]<br /> This story continues at The Next Web [...]
2026-07-24
SAP’s cloud is still booming, and that was enough to calm the AI-doom fears
SAP gave investors the number they wanted. Europe’s biggest software company said cloud revenue grew 22% to €6.28 billion in the second quarter, beating forecasts, SAP announced. Its cloud backlog, a measure of future sales, jumped 26%. The stock rose more than 6% in Frankfurt. That relief is the story. SAP’s shares are down about […]<br /> This story continues at The Next Web [...]
2026-07-24
Amazon just shut its AGI Lab, and quit a race it never led
Amazon is retreating from the race to build the smartest AI. This week it closed its AGI Lab, a San Francisco team working on artificial general intelligence, The Information reported. The move was part of layoffs across Amazon’s AGI unit, Reuters first reported. The lab was barely 18 months old. Amazon set it up in […]<br /> This story continues at The Next Web [...]
