The big money firm is teaming up with Nvidia, Kuwait’s sovereign wealth fund, and Texas energy producer Vistra to build data centers.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
Capital expenditures continue to balloon and the company plans to raise another $40 billion through debt and equity financing.
Headlining the list of companies that were added are e-commerce giant Alibaba, search giant Baidu, and BYD, the world’s top EV maker.
Projections of massive growth for X (née Twitter), xAI and Starlink are all central to the lofty SpaceX IPO thesis.
The keynote presentation of Apple’s annual developers conference was a farewell sendoff for CEO Tim Cook, who received a standing ovation.
Training the AI robots that can interact in the physical world requires a gargantuan set of relevant training data that doesn’t yet exist.
As the AI bull run threatens formerly high-growth sectors like software, investors seek safety in HALO companies out of the tech’s reach.
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.
In March, The Information reported that bankers involved in taking the company public expect it to raise a monstrous $60 billion in its IPO.
40% of nearly 1,000 major companies surveyed by Bain & Company found cost reductions from AI use of just 10% or less.
Running AI agents around the clock can consume hundreds of millions, or even billions, of tokens (units of data) a week.
The US Bureau of Labor Statistics will be reporting May’s much-anticipated employment figures at the end of the week.
Last month, Coreweave, the largest independent neocloud company, reported its first-quarter revenue doubled to $2.1 billion.
Salesforce points to record revenue of $11.1 billion and its own embrace of artificial intelligence to dispel SaaSpocalypse worries.
High-bandwidth memory now accounts for roughly two-thirds of the total AI chip component cost, up from about 50% in early 2024.
SoftBank is one of OpenAI’s top shareholders, having built up a $64.6 billion, 13% stake in the ChatGPT maker.