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Tech sell-off drives US markets down by nearly $1tn after subpar earnings reports

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Big tech stocks falter as investors question whether billions being poured into AI can generate returns quickly enoughA sell-off of tech stocks that began earlier this month and gained steam with disappointing earnings from leading tech companies drove US markets down by hundreds of billions of dollars Friday. In total, the decline has knocked nearly

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Amazon gives Wall Street mixed financial picture in earnings report

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E-commerce company posts high cloud computing sales but gives a cautious sales forecast for the fourth quarterAmazon offered a mixed picture of its financial health on Thursday in its quarterly earnings report.The e-commerce company gave a cautious sales forecast for the current fourth quarter, which encompasses the critical holiday shopping period, after delivering fiscal third-quarter

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Donations to major parties and an ex-premier as a lobbyist: how datacentres play the political game in Australia

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As governments face community backlash for fast-tracking developments, big tech’s financial contributions face renewed scrutinyGet our new political email, free app or daily news podcastOn 14 June 2025, Anthony Albanese stood inside an enormous sphere of glass and steel, surrounded by 40,000 plants from around the world. His mind was firmly fixed on datacentres. The

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Dyson, Breville, Apple: the 59 best Amazon Prime Day deals actually worth it, obsessively vetted by us

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From Ugg and Ninja to KitchenAid and Shark – we researched the best sales to get your hands on for Prime DayThe best deals from Amazon’s rivals and sales on home essentialsSign up for the Filter US newsletter, your weekly guide to buying fewer, better thingsAmazon Prime Big Deal Days, live on 6 and 7

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AI slowdown calls justified but collapse of bubble may be more immediate threat | Heather Stewart

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Scale of debt issuance being used to fund the hectic pace of the datacentre rollout by tech firms is a worryWarnings about powerful and uncontrolled AI have dominated the headlines this past week. But even amid the omens of apocalypse, it is still worth asking if the entire AI-industrial complex is sailing towards a financial

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Amazon to launch Ring ‘neighbourhood watch’ app in UK amid US privacy fears

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Doorbell firm aims to replace WhatsApp or Facebook groups with platform where people can post about safety or lost petsAmazon’s doorbell camera maker Ring is to launch its Neighbours community app in the UK in an attempt to supplant neighbourhood WhatsApp or Facebook groups.The service is intended as a modern equivalent of a community message

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Andrew Garfield takes on Sam Altman in creepy first teaser for Artificial

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Luca Guadagnino-directed film will be released by Neon after being dropped by Amazon amid OpenAI partnershipBig tech goes to Hollywood: is Silicon Valley ready for a silver-screen reckoning?The first teaser trailer of Luca Guadagnino’s Artificial has been released.After being dropped by Amazon MGM Studios in June, the biopic of OpenAI tech executive Sam Altman will

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An AI ‘debt bomb’ crisis? No. This isn’t Enron 2.0 | Gene Marks

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Fears of a datacenter buildout debt crisis are exaggerated. The risks are different than in the past and they are recoverableSome experts are warning of a looming “debt bomb” crisis because big datacenter builders such as Meta, Oracle, xAI and CoreWeave are not only raising billions to construct these facilities but are also not recognizing

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Amazon’s Prime Air autonomous drones to reach 500 US cities

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Amazon plans to expand its Prime Air drone delivery service to nearly 500 cities and towns across the US by the end of 2026. That build-out amounts to six times the number of locations Prime Air serves today, extending the option to communities with tens of millions of customers, according to Amazon. Reaching that many

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Secondhand booksellers in UK and Ireland suspect AI firms behind ‘strange’ bulk orders

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Development comes after Anthropic was found to have spent millions on books to scan for ‘data acquisition’Secondhand booksellers in the UK and Ireland are reporting a flurry of bulk orders from mystery buyers, amid speculation AI companies are acquiring the tomes for their data.Bookshops contacted by the Guardian say they have been receiving orders from

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