ServiceNow bets $40M on Indian banking software firm

Google Cloud's revenue surged 82% in Q2 2026, driven by AI service demand and chip sales, lifting Alphabet's overall top-line growth to 24%. However, the company burned cash in the quarter as capital expenditures of $45 billion exceeded operating cash flow of $39 billion, a rare occurrence for Google. The cash burn and mounting AI infrastructure costs triggered a 4% stock sell-off in after-hours trading.

SpaceXAI is planning at least one large-scale data center in Texas to expand its AI computing capacity beyond its existing Memphis hub, according to three people with knowledge of the effort. The move reflects the company's pivot toward renting capacity to outside customers as its core AI business has struggled to gain market traction. A Texas expansion could position SpaceXAI as a major cloud provider.

Cursor is preparing to launch a model router, a tool that automatically selects the optimal AI model for specific tasks while balancing performance and cost. The release is expected as soon as Wednesday, according to a draft company announcement reviewed by The Information. The move reflects growing industry interest in routers as a way to optimize AI deployment efficiency.

News organizations are deploying AI tools, including OpenAI solutions, to enhance reporting capabilities, expand audience reach, and streamline business operations. The trend reflects broader adoption of AI across the media industry to support journalists and publishers in their core missions. The article indicates AI is being integrated across editorial, audience development, and operational functions.