Big Tech AI Boom Silences Doubters This Week

Alphabet, Amazon, Microsoft, and Meta all reported blockbuster earnings driven by AI demand, with Google Cloud posting a stunning 63% revenue jump. AI spending continues to surge, with capital formation now seen as a key constraint on adoption alongside technology. AWS made a bold move up the application stack, expanding Amazon Connect into hiring, healthcare, and supply chain, while striking a major deal with OpenAI. Meanwhile, Elon Musk escalated his legal battle against Sam Altman, and Stripe CEO Patrick Collison reported a parabolic rise in AI-driven startup creation.