Company Reports

• Google Plans to Double Spending Amid A.I. Race - Profits jumped 30 percent to $34.5 billion last quarter, and the tech giant is increasing its capital spending this year to as much as $185 billion.
• Tesla Profit Slumps, but Investors May Not Care - The automaker also said it would invest $2 billion in xAI, the artificial intelligence company controlled by its C.E.O., Elon Musk, and stop making the two oldest cars in its lineup.
• Volkswagen Suffers More Than Rivals From Auto Industry Woes - The German automaker’s sales in the United States plunged last year, hit by tariffs and the end of tax credits for electric vehicles.
• Wall Street Is Shaking Off Fears of an A.I. Bubble. For Now. - The valuations of some artificial intelligence companies are approaching those of the dot-com boom. But investors worry that pulling money from today’s market risks future gains.