Autonomous vehicles are live on Uber in seven cities, and that number should rise to 15 by year-end, the company added. "Across our ecosystem, partners have now committed approximately 120,000 vehicles to the Uber network over the coming years." Source: Uber
SpaceX reported a 92% year-on-year increase in revenues for the second quarter to 7.8 billion US dollars, driven by a 66% rise in connectivity revenues and a 247% rise in AI revenues.
However, capital spending for the quarter rose more than sixfold to 18.4 billion dollars, with investments in AI accounting for 15.8 billion dollars of that. SpaceX said it has expanded compute capacity to 1.4 GW, up from 0.4 GW a year ago, "with the continued build-out of Colossus II (a large data centre in Tennessee) and with significant incremental capacity under construction." source: SpaceX statements
Apple reported a 16% year-on-year increase in revenue for the quarter ended June 27 to 109.4 billion US dollars, driven by a 22% increase in iPhone revenue. In the current quarter, Apple expects revenue to rise between 9% and 11% year-on-year, due to foreign exchange headwinds and a significant increase in supply constraints, related to memory chips. Source: Apple statements
Alphabet reported a 23% year-on-year increase in revenues to 120 billion dollars at constant currencies for the second quarter, boosted by an uplift of 82% in cloud revenue driven by strong demand for AI infrastructure and AI solutions. It also reported a "cloud backlog" of 514 billion dollars.
Alphabet said its model APIs are now processing approximately 22 billion tokens per minute, up from 16 billion just a quarter ago. Over the past 12 months, more than 2,000 enterprises consumed over 100 billion tokens, the company added.
In the Other Bets division, which includes the Waymo self-driving unit, revenues rose only marginally to 382 million dollars (compared with 373 million), and the operating loss was 1.8 billion dollars, up from 1.25 billion dollars.
Alphabet also said it now plans to invest between 195 billion and 205 billion dollars in capex in 2026, up from its previous estimate of between 180 billion and 190 billion, as it anticipates further growth in demand for AI. Source: Alphabet statements
Tesla reported a 26% year-on-year rise in revenues for the second quarter to 28.2 billion US dollars, lifted by a 23% rise in automotive revenues to 20.5 billion dollars. However, a graphic Tesla provided (shown above) suggests its new robotaxi business provided fewer paid rides in the quarter than in previous quarters.
Energy generation and storage revenues rose 13%, thanks to "record energy storage deployments in EMEA, supported by record deployments from Megafactory Shanghai."
Capital expenditure for the quarter rose 142% year-on-year to 5.8 billion dollars. Tesla said it has started production of Cybercab, its purpose-built autonomous vehicle, which is designed to be the workhorse of its robotaxi fleet. Engineering test drives of production Cybercabs on public roads also began during the quarter.
The company added that its Tesla Semi truck and Megapack 3, a new energy storage system, remain on schedule for production starting in 2026. First-generation production lines for Optimus (its humanoid robot) are being installed in anticipation of production in 2026. Source: Tesla earnings report
Capital spending climbed 86% to 20.7 billion dollars, as SpaceX ramped up investments in AI infrastructure.
In May 2026, SpaceX entered into cloud services agreements with Anthropic, an AI research and development public benefit corporation, to access compute capacity across SpaceX's COLOSSUS and COLOSSUS II data centres. It said Anthropic has agreed to pay 1.25 billion dollars per month through May 2029, with capacity ramping in May and June 2026 at a reduced fee. Source: SpaceX IPO prospectus
In the first quarter of 2026, Apollo Go, Baidu's self-driving ride-hailing service, "delivered 3.2 million fully driverless operational rides, with weekly rides peaking at over 350,000 in March." Total rides were up by more than 120% year-over-year. By way of comparison, Waymo says it is delivering 500,000 "fully autonomous" rides per week.
In Europe, Apollo Go said it is on track to commence open-road testing in Switzerland, and expects to begin testing in London with Uber and Lyft soon. In the Middle East, Apollo Go's fully driverless operations are running across multiple zones in Dubai, following the launch of the Apollo Go app in March.
Apollo Go says its fleets have accumulated more than 220 million fully driverless autonomous kilometres. Source: Baidu statement
