Tech leaders like Elon Musk, Jeff Bezos and Sam Altman have supported space “data centers” as a potential solution to terrestrial troubles.
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Shares of Meta, meanwhile, also 11% on Monday while its Muse AI was the top downloaded mobile app in the US.
In its last earnings call, Generac said that its data center backlog already totaled $1.6 billion before accounting for the Amazon agreement.
The Altera debut will add to more than $160 billion raised for US IPOs so far this year excluding SPAC launches, according to Bloomberg data.
AI hyperscalers are increasingly dedicating much of their record AI capital spending to EU- and UK-based infrastructure.
Oracle stock is down 18.5% this year and ratings agency S&P Global downgraded the company’s credit rating to one notch above junk status.
Nvidia is putting its massive cash flow to work, with The Information reporting that the chip-maker is in talks to invest in Perplexity.
Thiel Macro is suddenly back in action with a roster that seems less concerned about an AI bubble, and more concerned with an AI bottleneck.
US power use is expected to keep notching record highs in 2026 and 2027, according to the Energy Information Administration.
Base has installed more than 23,000 batteries and just debuted a new battery that can store more than a day’s worth of energy.
Changxin Technology Group, or CXMT for short, soared 466% in its debut yesterday on Shanghai’s STAR Market.
The big money firm is teaming up with Nvidia, Kuwait’s sovereign wealth fund, and Texas energy producer Vistra to build data centers.
Capital expenditures continue to balloon and the company plans to raise another $40 billion through debt and equity financing.
Projections of massive growth for X (née Twitter), xAI and Starlink are all central to the lofty SpaceX IPO thesis.
The plan is to bring the infamous power plant back online sometime next year to service a nearby glut of power-hungry Microsoft data centers.
Last month, Coreweave, the largest independent neocloud company, reported its first-quarter revenue doubled to $2.1 billion.