#capital-expenditure
#capital-expenditure
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#ai-infrastructure #artificial-intelligence #ai-investment #ai #google-cloud #meta #data-centers #meta-platforms
from24/7 Wall St.
1 week agoYum Triples Darden's Margins by Franchising While Darden Buys More Restaurants
Darden reported Q1 revenue of $3.04 billion, missing the $3.07 billion estimate, while EPS of $1.97 fell short of the $2.02 consensus. The company still posted 4.7% same-restaurant sales growth and 24.5% net income growth year over year. Olive Garden generated $1.30 billion in revenue during the quarter, and LongHorn added $776 million. CEO Rick Cardenas said the company had "a strong start to the fiscal year with same-restaurant sales and earnings growth that exceeded our expectations."
Food & drink
Artificial intelligence
fromBusiness Insider
1 week agoFidji Simo says OpenAI can't afford not to strike massive compute deals: 'What's much riskier would be to not lean into compute'
OpenAI is aggressively hyperscaling compute, accepting cost risk because failing to invest in compute poses a greater long-term risk and limits product features.
Artificial intelligence
fromFast Company
4 weeks agoAlphabet beats third-quarter revenue estimates on cloud demand and advertising
Alphabet exceeded revenue estimates as advertising and Google Cloud growth, driven by enterprise AI demand, lifted quarterly revenue and prompted higher capital expenditure guidance.
fromTheregister
7 months agoGoogle admits depreciation costs soaring amid bit barn build
"We're in a tight demand supply environment and given that revenues are correlated with the timing of deployment of new capacity, we could see variability in cloud revenue growth rates depending on capacity deployment each quarter."
Tech industry
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