Microsoft Corp. said cloud computing revenue and spending on AI infrastructure will accelerate this year, a bid to convince investors that its huge bets on artificial intelligence are poised to pay off.

Amazon.com Inc. is spending at a rapid rate to expand data center capacity to meet the intense demand for artificial intelligence computing power, fueling the fastest quarterly sales growth for its cloud unit in more than three years.

Alphabet Inc. reported high demand for its cloud and artificial intelligence offerings, boosting shares and giving investors confidence that its unprecedented investments in AI infrastructure will pay off.

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg reignited fears that the historic levels of investment he’s making to catch up in the artificial intelligence race won’t pay off, a prospect that sent shares sliding after the company raised its spending outlook for the year.

Asia’s artificial intelligence-fueled rally is masking signs of strain, with gains in tech names overshadowing the impact of the US-Iran war on the broader market.

Starwood Capital Group Management is halting redemptions from a $22 billion real estate fund aimed at retail investors in a bid to preserve liquidity while it waits for the commercial real estate market to improve.

Gold held a three-day loss after a divided Federal Reserve kept US interest rates steady and said the war in Iran was clouding the economic outlook.

ASX Ltd. named Darren Yip, who oversees the exchange operator’s markets and listings divisions, as its interim chief executive officer effective May 29.

Hong Kong’s once-quiet local currency bond market is quickly becoming one of Asia’s hottest funding venues, as corporate issuers seek stability in a city looking to lure more debt offerings.

AvalonBay Communities Inc. and Equity Residential are considering a potential combination that could reshape the US apartment market, people familiar with the matter said.