It's good practice for investors to think beyond the Mag Seven, say the CEOs of Apollo and Avenue Capital Group.
Amazon just delivered a spectacular quarterly result with accelerated growth in its cloud computing platform, Amazon Web Services, thanks to artificial intelligence (AI).
Microsoft was hit with a Spanish startup group's complaint about its cloud practices to the Spanish antitrust regulator on Tuesday, the latest grievance over its fast-growing cloud computing services and which followed a trade group's EU complaint. The U.S. tech giant ranks second in the cloud computing sector, behind market leader Amazon but is expected to close the gap rapidly as a clutch of generative AI features powered by OpenAI's technology attract business users. The Spanish Startup Association, which represents more than 700 startups in Spain, cited a number of allegedly anti-competitive practices by Microsoft in recent years.