Amazon.com Inc. and Meta Platforms Inc. have struck a multibillion-dollar deal for the social-media giant to rent hundreds of thousands of Amazon’s general-purpose chips for its AI efforts.

Amazon (NASDAQ: AMZN) and Meta (NASDAQ: META) both recently dropped Q1 2026 results, and the earnings reports could not have framed two more different empires. Amazon is becoming the picks-and-shovels landlord of the AI era.

Meta stock plummeted on Thursday after the company upped its full-year AI spending forecast but struggled to clarify how it will monetize its investments in frontier models.

The social-media giant enters multiyear agreement to use Amazon Web Services’ Graviton CPU chips to power its AI efforts.

PhonePe and Google Pay command 80% of India's UPI instant payments network. Rivals are set to meet with regulators to lobby for restrictions.

Google, Amazon, Microsoft, and Meta collectively plan to spend $725 billion on capex in 2026, up 77% from last year's record $410 billion.

SINGAPORE] The first four months of 2026 were marked by a significant wave of layoffs across the global corporate landscape. Companies are increasingly pivoting away from pandemic-era expansion towards lean,

Q1 Earnings and AI Surprises for Google, Amazon, Microsoft, Meta and TESLA Semi Mass Production.