Dow Jones crashes 500 points as investors panic over potential AI bubble similarities to dot-com crash while Federal Reserve rate cut hopes plummet from 90% to just 50%, sending major tech stocks including Nvidia, Amazon, Microsoft and Meta tumbling.
OpenAI secures over $1 trillion in computing deals with tech giants including Nvidia, Oracle, and AMD while projecting a staggering $155 billion cash burn, raising serious questions about whether the AI company can generate enough revenue to sustain its massive infrastructure spending spree.
Nebius Group shares skyrocket 40% as the AI infrastructure provider lands a massive $17.4 billion GPU deal with Microsoft, marking the company's first major contract in what CEO expects to be a series of lucrative partnerships with tech giants.
OpenAI's revenue soars past $13 billion annually despite $12 billion quarterly losses, with CEO Sam Altman projecting the AI giant could hit $100 billion by 2027 through massive infrastructure partnerships with Nvidia, Broadcom, and Oracle backed by $1.4 trillion in financial commitments.
Nvidia CEO Jensen Huang announces staggering $500 billion in AI chip orders through 2026 while reporting third-quarter earnings showing 56% year-over-year growth, with the company securing major deals including $10 billion with OpenAI and maintaining dominant 90% market share in AI processors.
Department of Energy warns blackouts could surge 100-fold by 2030 as 104 gigawatts of reliable power plants shut down without replacement, while AI data centers and advanced manufacturing drive electricity demand to record highs, potentially causing annual outage hours to skyrocket from single digits to over 800 hours yearly.
Electricity prices skyrocket 40% since 2020 as AI data centers and electric vehicles shatter two decades of stable power demand, forcing utilities to spend over $1 trillion on new infrastructure while regulators battle over who pays the massive costs.
Anthropic unveils massive $50 billion AI infrastructure investment creating 2,800 jobs across Texas and New York, with custom data centers launching in 2026 to compete directly with OpenAI's $1.4 trillion buildout as the company serves over 300,000 businesses and targets profitability by 2028.
Anthropic unveils massive $50 billion investment to build cutting-edge AI data centers in Texas and New York, partnering with Fluidstack to create nationwide infrastructure that will support America's rapidly growing artificial intelligence computing demands and foster collaboration between researchers and industry leaders.
Global data center electricity consumption races toward nearly doubling by 2030 as AI-driven servers surge with 30% annual growth, with the US and China commanding 80% of this massive energy expansion that will consume 3% of world electricity.