AI Developments
All news →Federal Reserve Holds Rates Steady Amid Big Tech Earnings Week
The U.S. Federal Reserve held interest rates steady on October 28 in a 10–2 vote, with markets debating whether a December move is likely. The decision landed in the middle of the week's Big Tech earnings run.
CoreWeave Credit Spreads Remain Elevated Amid AI Infrastructure Boom
CoreWeave's credit-default-swap spreads stayed elevated this week — a market gauge of investor concern about default risk — even as they eased slightly from earlier-October highs.
Amazon Reports Fastest AWS Growth in Nearly Five Years
Amazon Web Services revenue grew 39% to $46 billion — its fastest pace in nearly five years — with a $578 billion services backlog. The company guided to roughly $220 billion in 2026 capital spending.
Alphabet's Cloud Business More Than Doubles as AI Demand Accelerates
Google's parent company posted Q3 revenue of $127.6 billion, with Google Cloud up 103% year over year to $30.7 billion. The company now expects 2027 capital expenditures to top $300 billion.
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