Microsoft and Google are making big investments in European AI infrastructure, with the Seattle-based software giant spending more than $10 billion to build a data hub in Portugal, and Alphabet investing $6.35 billion on new construction and expansion of an existing complex in Germany. The moves are the latest in U.S. tech’s push for a global AI footprint. Microsoft is working with Nvidia, the UK startup Nscale and data center building specialist Start Campus. Google is bringing green initiatives to its project in Deutschland, which it estimates will bring 9,000 jobs and nearly $1.2 billion to German GDP. Read more

Two years after launching in the U.S., TikTok Shop has a reported $19 billion in quarterly sales, rivaling the sales performance of eBay, which still leads by about a billion dollars, according to third-part TikTok analytics tool EchoTik. After getting off to what seemed to be a rocky start, the fact that it took only 24 months for TikTok Shop to became competitive with the 30-year-old eBay is drawing notice. A TikTok representative said TikTok Shop’s live-stream shopping segments were up 72 percent year-over-year as of September, with sales up by 120 percent as of June. Live-stream shopping is only one aspect of TikTok Shop. Others include shoppable videos, a marketplace and creator storefronts.  Read more

Google Cloud is rolling out its seventh-generation Tensor Processing Unit (TPU), Ironwood, and new Arm-based computing options that aim to meet exploding demand for AI model deployment in what the Alphabet company describes as a business shift from training models to serving end users. “Constantly shifting model architectures, the rise of agentic workflows, plus near-exponential growth in demand for compute, define this new age of inference,” explains Google Cloud. The company said that Anthropic — known for its Claude family of large language models — “plans to access up to 1 million” of the new TPUs. The deal is reportedly “worth billions.” Read more

SoftBank has cashed out of Nvidia, liquidating its stock holdings for $5.83 billion that it will reportedly use to fund what CNBC describes as “its ‘all in’ bet on ChatGPT maker OpenAI.” The sell-off was disclosed in SoftBank’s most recent earnings statement, which indicated 32.1 million Nvidia shares were sold in October. The Japanese conglomerate also said it sold part of its T-Mobile holdings for $9.17 billion. “Through those options and tools we make sure that we are ready for funding in a very safe manner,” SoftBank CFO Yoshimitsu Goto said at an investor presentation. SoftBank announced a four-to-one stock split yesterday, while Nvidia shares were down 1.7 percent on the sell-off news. Read more

Sony Group reported a strong quarter ending September 30, with its semiconductor unit reaching an operating profit of nearly $900 million, up almost 50 percent year-over-year as the company’s most profitable segment for the quarter. The music group was another bright spot, with sales up 21 percent to $3.51 billion, and operating income a healthy $749 million. Consumer electronics and gaming were softer sectors. But overall revenue of $20.14 billion far surpassed the expected $19.36 billion, prompting Sony to raise its forecast by 3 percent. The company also announced a repurchase plan for $648 million worth of stock. Read more