Microsoft’s AI spending challenge

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Tech Across the Globe

Samsung smash: South Korea’s most valuable company reported preliminary operating profit that far surpassed estimates. It marked an eightfold leap in quarterly profit for the March period, as memory prices rocketed up.

AI copying: Rivals OpenAI, Anthropic and Google have begun working together to try to clamp down on Chinese competitors extracting results from cutting-edge US AI models.

Amazon agrees to postal pact: The e-commerce titan reached a deal with the US Postal Service to ensure the carrier delivers about 1 billion packages a year to Amazon customers.

Oracle names CFO: The software company named a new chief financial officer to help navigate its expansive — and expensive — plans to build AI data centers.

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Revalued

Firmus Technologies, a data center builder backed by Nvidia, raised $505 million in a round that values the Australian startup at $5.5 billion. Firmus, which has data center projects in Australia and Singapore, now has raised $1.35 billion in the past six months.

Must Read

Microsoft has ridden a roller coaster of spending for artificial intelligence and those ups and downs have put the cloud provider at risk of falling behind rivals, Matt Day and Brody Ford report in today’s Tech In Depth. Whether to slow spending on AI data centers is a challenge Microsoft’s rivals face as well, they write.

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