Tech Companies

From YouTube and Spotify to X and Apple Music, low-quality AI content is flooding the web on a massive scale. Now, tech giants are deleting millions of items, attempting to curb a phenomenon they themselves helped create.

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The largest technology companies in the United States are expected to spend more than $700 billion by the end of 2026 on computing infrastructure and artificial intelligence, nearly double the amount spent the previous year. Leading firms, including Amazon, Microsoft, Google, Meta, and Oracle, are known as "hyperscalers."

Apple continues to trade under pressure, losing its second-place global market cap ranking to Alphabet, while Amazon celebrates an unprecedented historical milestone on Wall Street.

For months, major companies in the United States claimed that artificial intelligence would allow them to reduce the number of employees and increase efficiency. Many companies froze hiring, laid off thousands of workers, and declared that AI would be able to perform a significant portion of the tasks previously performed by humans.

US President Donald Trump announced a trade investigation into the European Union. He accused European authorities of "robbing" American companies and pledged to impose retaliatory tariffs in response to fines levied against Big Tech.