Alphabet to ramp up AI spending; Kimbal raises $22M funding

Hello,

Instagram has said it will stop recommending accounts that mainly repost others’ content, including photos and carousels. The Meta-owned platform said the idea behind the change is to ensure creators of original content get the credit and distribution they deserve. By limiting the reach of these accounts, Instagram is looking to boost originality on its app while also working to prevent the same posts from being circulated over and over again. 

At the same time, parent company Meta reported a “milestone quarter,” with CEO Mark Zuckerberg pointing to strong Q1 2026 results and signalling heavier investment in AI infrastructure going forward.

In the cloud and AI race, Microsoft also posted strong Q3 FY2026 results, with revenue and profit growth driven by its expanding Microsoft Cloud business, which reached $54.5 billion, up 29% year-on-year.

Meanwhile, Amazon highlighted rapid growth of its ultra-fast delivery service Amazon Now in India, where orders are rising 25% month over month and Prime users are significantly increasing their shopping frequency. The company continues to lean on major investments in both ecommerce and AWS as India remains a key growth market.

In today’s newsletter, we will talk about 

• Alphabet to ramp up AI spending
• Kimbal raises $22M in Series B round

Here’s your trivia for today: Which social media company launched Bulletin, a subscription and publishing tools platform?

Technology

Alphabet to ramp up AI spending

Alphabet delivered a strong quarterly performance driven by surging demand for AI-powered cloud services, with its business momentum pushing revenue and profits higher. The company’s results highlight how rapidly AI is reshaping its cloud segment, while also prompting it to step up investments to expand capacity and meet growing enterprise demand.

Key takeaways:

• Alphabet reported robust double-digit revenue growth and a sharp rise in net profit, showing continued strength across its core businesses, especially advertising and cloud.
• Google Cloud revenue jumped significantly (around 63%) as enterprises increasingly invested in AI infrastructure and services, making AI the primary growth driver for the division.
• The company is ramping up capital expenditure to expand data centers, servers, and AI infrastructure to keep up with accelerating demand, signaling a long-term bet on AI-led growth.

Funding

Kimbal raises $22M in Series B round

Energy engineering company Kimbal Pvt Ltd has raised $22 million in a Series B funding round led by GEF Capital Partners, strengthening its push into smart grid technologies, energy management, and global expansion amid accelerating energy transition trends.

Key takeaways: 

• The round was led by sustainability-focused GEF Capital Partners, with continued participation from existing investor Niveshaay, signaling sustained confidence in Kimbal’s long-term growth and energy transition focus.
• The funds will be used to enhance product development in power quality, energy management, battery storage, and to scale its Advanced Metering Infrastructure (AMI) business along with manufacturing capabilities.
• Kimbal’s AMI division, which is already deployed across 10 million+ endpoints, will remain a key growth driver as the company improves grid efficiency and prepares for international expansion in smart energy solutions.

News & updates

• OpenAI: ChatGPT maker OpenAI has told some of its AI tools to stop mentioning “goblins” after noticing the term, along with “gremlins,” randomly appearing in responses from its GPT-5 model.
• Gold:vernment sources said, because banks have been hit by an unexpected tax demand. 

Which social media company launched Bulletin, a subscription and publishing tools platform?

Answer: Facebook

We would love to hear from you! To let us know what you liked and disliked about our newsletter, please mail [email protected]. 

If you don’t already get this newsletter in your inbox, sign up here. For past editions of the YourStory Buzz, you can check our Daily Capsule page here.