Latest AI News

Neuralink, Elon Musk's brain-computer interface company, aims to reach $1 billion in revenue by 2031. Recently valued at $9 billion after securing $650 million in funding, the company has achieved FDA clearance for human trials and successfully implanted its first device in a paralyzed patient. The global BCI market is expected to grow from $2.5 billion to $10.5 billion by 2031, with Neuralink targeting 20,000 annual procedures. Their strategy includes securing regulatory approvals, launching products for communication, vision restoration, and Parkinson's treatment, and expanding from medical applications to broader consumer uses as technology advances.

Alphabet Inc. has raised its 2025 capital expenditure forecast by $10 billion to $85 billion, a 62% increase from last year, focusing on AI infrastructure and cloud computing. The company reported strong Q2 results with net income up 19% to $28.2 billion and revenue growing 14% to $96.4 billion, exceeding analyst expectations. Google Cloud generated $13.6 billion in revenue, surpassing Wall Street forecasts. CEO Sundar Pichai emphasized that increased spending is driven by growing demand for AI infrastructure in cloud services, positioning Alphabet to compete with rivals like OpenAI, Microsoft, and Meta in the AI market.

IBM reported mixed Q2 results, with overall revenue beating expectations at $16.98 billion but software sales missing estimates. While the company showed momentum in AI initiatives and mainframe demand, the software shortfall overshadowed these gains, causing shares to drop 5.4% after hours. Despite growth in consulting and investments in Watsonx AI, analysts maintained cautious outlooks amid client spending delays and macroeconomic uncertainty.

Alphabet reported impressive Q2 2025 results with revenue of $96.4 billion (up 14%) and net income of $28.2 billion (up 19%). Google Cloud revenue surged 32% to $13.6 billion, while YouTube ad revenue reached $9.79 billion. The company is increasing capital spending to $85 billion for 2025 to support AI infrastructure and growth initiatives. CEO Pichai emphasized AI innovations driving performance across products.