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Generac shares jumped about 40% in after-hours trading Wednesday after Amazon signed a long-term deal to buy $2.4 billion of backup generators for its data centers. Key Points: Generac will supply backup generators for Amazon data centers, with initial deliveries of $2.4 billion expected in 2027 and

Key Points Instinct, an AI personal assistant startup, raised $250 million in a new funding round. The round values the company at $2.5 billion. The deal highlights sustained investor appetite for personal AI assistant products in 2026. Instinct competes in a market that includes OpenAI's ChatGPT, A

CoreWeave delivered its strongest quarterly results since going public, posting $2.6 billion in Q2 2026 revenue that roughly doubled year-over-year, and coreweave stock climbed as much as 11% in extended trading Tuesday night. The surge silenced near-term skeptics who had braced for a rough reaction

Amazon cut jobs inside its artificial general intelligence unit on Wednesday, thinning the team behind its Nova AI models and widening a restructuring that has eliminated roughly 30,000 roles. Key Points Amazon reduced staff in the AGI group that builds its Nova models, without disclosing how many j

Alphabet delivered one of its strongest cloud quarters on record in Q2 2026, beating Wall Street expectations on revenue growth and cementing Google Cloud as the clearest beneficiary of surging enterprise AI demand. Yet, investors responded by selling the stock, spooked by a dramatic escalation in c