Apple and Amazon both released their second quarter earnings on Thursday, a test of investor confidence in major tech companies amid growing concerns over exorbitant AI spending. Apple revealed quarterly revenue of $109.4bn, beating Wall Street expectations o…
LONDON, July 31, 2026 /PRNewswire/ -- ECARX Holdings Inc. (Nasdaq: ECX) recognises today's key update from SiEngine Technology Co., Ltd., its incubated automotive semiconductor investment. SiEngine has secured US$200 million in new equity capital from institu…
Meta and Microsoft — as well as other tech titans — have been reporting quarterly earnings, and investors are looking at AI spending with a more skeptical eye. Plus, more than 1,000 workers at top AI labs signed an open letter this week calling on the governm…
Establishes long-term presence in Philadelphia, expands hiring, and invests in modern facilities as it prepares to serve School District of Philadelphia families PHILADELPHIA, July 31, 2026 /PRNewswire/ -- Zum, a leader in modern student mobility, today annou…
Apple is growing like an AI spender but isn't spending like one. Thursday's earnings show that route may be cheaper — but it's not free of obstacles.
