2 weeks Ago By Reuters
The search giant’s first-quarter profit and revenue beat expectations, and the company said it would buy back US$70 billion in stock, pushing its shares up 4 per cent after market and adding US$75 billion to its market value. Big Tech firms have continued to defend their aggressive AI investments, saying these were necessary to remain competitive. But analysts have said there are early signs of tech majors pulling back on new data centre commitments.
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