Cloud expenditure optimization startup Cast AI raises $35 million


Surging global demand for AI has driven changes in China's cloud computing market. Alibaba Cloud's market share increased from 34% to 36% in Q3 2025, growing for three consecutive quarters, with AI serving as its core growth driver.
China's first AIGC animated film, 'The Reunion Decree,' is set to premiere on February 28th, guided by the Central Committee of the Chinese Democratic League and CCTV. The film fully utilizes AI technology to showcase technological innovation while exploring new pathways for the dissemination of Chinese culture, achieving a fusion of technology and emotion.
Co-founder of xAI, Wu Yu Huai, announced his resignation, saying he will start a new chapter in his life. Although he praised the team's future prospects, this move further reveals the accelerating fragmentation of the company's core founding team. With Wu Yu Huai's departure, five out of the original 12 founders of xAI have left, with four of them leaving within the past year, involving multiple key technical positions.
Alphabet plans to issue $20 billion in bonds to fund its $185 billion capital expenditure budget by 2026, focusing on AI infrastructure like chips, data centers, and cloud computing to compete globally.....
Amazon is heavily investing in artificial intelligence and plans to invest approximately $200 billion by 2026 for AI infrastructure to support its cloud computing service, AWS, in maintaining its competitive edge.