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Why Big Tech's $700 billion AI splurge is misleading
Big Tech's AI spending is surging. Much of the increase comes from rising component prices, not major new capacity expansion.
First seen · 3:47 PM UTCMay 1, 2026
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International Workers' Day
Commemorates Chicago's 1886 Haymarket affair, where a labor rally turned deadly. A public holiday in over 80 countries — rarely the US, where it started.
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Labour Day
Labour Day is observed in Andorra (Festa del Treball). Recognized nationally.
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May Day
May Day is observed in Albania (Dita Ndërkombëtare e Punonjësve). Recognized nationally.
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Labour Day
Labour Day is observed in Armenia (Աշխատանքի օր). Recognized nationally.
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The 2024 Loblaw boycott, a Canadian boycott against retail corporation and grocer Loblaw Companies, begins.
Milestone2019
Naxalite attack in Gadchiroli district of India: Sixteen army soldiers, including a driver, killed in an IED blast. Naxals targeted an anti-Naxal operations team.
Milestone2019
Naruhito ascends to the throne of Japan succeeding his father Akihito, beginning the Reiwa period.
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