Google reports first negative cash flow quarter due to AI spending
Google's Q2 2026 results show $119.8 billion in revenue, but $44.9 billion in AI-related spending led to negative free cash flow.
Business
530 articles
The business of AI — funding rounds, acquisitions, enterprise adoption, and market moves. Who is investing, who is partnering, and how AI is reshaping company strategy and the wider economy.
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AegisAI Uses AI Agents to Combat AI-Driven Spear Phishing
AegisAI, founded by former Google security executives, raised $36 million in Series A funding to counter AI-powered spear phishing attacks.
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IBM Allocates $50M in Quantum Compute for US Genesis Mission
IBM is allocating up to $50 million in quantum computing resources to support the US Genesis Mission, a national initiative focused on advancing quantum technology.
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AstraZeneca Uses AI to Accelerate Biologic Drug Design
AstraZeneca is integrating AI into its drug development process, reducing timelines by up to 50% according to McKinsey estimates.
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IBM Allocates $50M Quantum Access for US Genesis Mission
IBM has committed up to $50 million in quantum computing resources to support the US Genesis Mission, a national initiative for advanced research.
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Lingverse Revives Jibo Legacy With AI Wearable iKairos
Lingverse, formerly Ling AI, raised $29 million to develop the iKairos, an AI wearable that transforms real-life moments into images. The device is priced between $199 and $249.
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ServiceNow Invests $40M in BusinessNext at $700M Valuation
ServiceNow has invested $40 million in BusinessNext, valuing the Indian firm at $700 million, to boost its banking AI initiatives.
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IBM Defends Mainframe Amid AI-Driven Revenue Drop
IBM reported a 42% decline in mainframe revenue, triggering a 25% stock drop, as AI-driven costs pushed clients to delay purchases.
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Anthropic Pays $1.5B in Piracy Settlement With Book Authors
Anthropic agreed to pay $1.5 billion to book authors in a copyright settlement, marking the largest class-action payout in history.
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Google's Cloud Growth Justifies AI Spending
Google Cloud revenue surged 82% to $24.8 billion in the latest quarter, outpacing analyst expectations.
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Menlo Ventures’ Matt Murphy on AI Startups’ Growth Spurts
Anthropic’s revenue surged to $47 billion by May 2026, a jump from $9 billion in 2025, according to Menlo Ventures’ Matt Murphy.
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Monday.com Lays Off Hundreds to Focus on AI
Monday.com is cutting 20% of its workforce, or about 630 employees, to refocus on AI projects.