Arabian networking group

Menu

April 30, 2026

Cognizant Buys Astreya for $600 Million to Strengthen AI Infrastructure Business

News /

Cognizant has agreed to acquire IT services provider Astreya for about $600 million, marking another major move in the race to build AI infrastructure capabilities. Reuters reported that Astreya specializes in AI infrastructure and data center services, making the deal strategically important as enterprise customers sharply increase spending on artificial intelligence systems. The acquisition highlights […]

Cognizant Buys Astreya for $600 Million to Strengthen AI Infrastructure Business Read More »

Anthropic Eyes $900 Billion Valuation in New Funding Round as AI Race Accelerates

News /

Artificial intelligence startup Anthropic is weighing a fresh funding round that could value the Claude maker at more than $900 billion, more than double its current valuation. Reuters reported that the company is entertaining early offers, though discussions remain at an early stage and no final commitments have been accepted. The move comes just days

Anthropic Eyes $900 Billion Valuation in New Funding Round as AI Race Accelerates Read More »

Meta Lifts AI Spending to $145 Billion as Investors Question Return on Massive Expansion

News /

harply increased its 2026 capital expenditure forecast today, intensifying investor debate over whether massive AI spending can generate sustainable returns. Reuters reported Meta raised its annual capex guidance to between $125 billion and $145 billion, up from its prior forecast of $115 billion to $135 billion, as it doubles down on AI infrastructure and data

Meta Lifts AI Spending to $145 Billion as Investors Question Return on Massive Expansion Read More »

Alphabet Revenue Hits $109.9 Billion as AI Cloud Demand Delivers Record Growth

News /

delivered one of its strongest quarters yet as enterprise demand for artificial intelligence pushed its cloud business to record growth. Reuters reported that Alphabet’s total revenue rose 22% to $109.9 billion in Q1, beating analyst estimates of $107.2 billion, while shares jumped more than 6% in extended trading. The company’s cloud division posted its best

Alphabet Revenue Hits $109.9 Billion as AI Cloud Demand Delivers Record Growth Read More »

Visa Raises Full-Year Forecast as Middle East Travel Recovery Boosts Cross-Border Payments

News /

Global payments giant Visa delivered stronger-than-expected quarterly results today and raised its full-year earnings forecast, signaling resilience in consumer spending despite ongoing Middle East geopolitical tensions. Reuters reported that Visa’s shares climbed nearly 5% in premarket trading after the company posted a profit beat and announced a new $20 billion share repurchase program. Cross-border payments—one

Visa Raises Full-Year Forecast as Middle East Travel Recovery Boosts Cross-Border Payments Read More »