Google commits $10 billion to AI startup Anthropic at a $350 billion valuation, with an additional $30 billion contingent on performance targets, deepening a complex partnership-rivalry dynamic in the global AI race.
Microsoft commits a record-breaking $18 billion to Australia by 2029, supercharging AI supercomputing and cloud infrastructure in what marks the tech giant's largest-ever investment in the country.
Anthropic surpasses OpenAI in secondary market valuation, hitting $1 trillion on Forge Global as its annualized revenue explodes from $9 billion to $39 billion in just months, with investor demand so intense that some are offering property in exchange for shares.
Meta is slashing 10% of its workforce, cutting 8,000 jobs and canceling 6,000 open roles effective May 20, as the tech giant redirects resources toward massive artificial intelligence spending.
Meta signs a massive deal with AWS to deploy tens of millions of Graviton CPU cores, becoming one of Amazon's largest Graviton customers as it diversifies its AI compute strategy beyond Nvidia GPUs to power next-generation agentic AI workloads.
Vast Data secures a massive $1 billion Series F funding round backed by Nvidia, catapulting its valuation to $30 billion — more than triple its 2023 worth — as the AI infrastructure company surpasses $4 billion in cumulative bookings and $500 million in annual recurring revenue.
Google Cloud unveils its eighth-generation TPUs at Next '26, delivering 121 exaflops of power in a single superpod, alongside a revolutionary Virgo Network fabric capable of connecting over one million TPUs into a single training cluster, plus major AI infrastructure upgrades including NVIDIA Vera Rubin-powered instances and an AI Inference …
Vast Data secures $1 billion in Series F funding, tripling its valuation to $30 billion with backing from Nvidia and Fidelity, as its AI data infrastructure platform tackles critical memory and storage bottlenecks threatening to derail the generative AI revolution.
Tech giants Amazon, Google, and Microsoft shed a combined $900 billion in market value as investors revolt against $660 billion in projected AI spending with little return, while Apple surges 7% by taking a lean, asset-light AI approach that keeps its 2026 capital expenditure at just $14 billion, signaling a …
Google is in talks with Marvell Technology to develop two new AI chips targeting surging inference costs, expanding its custom silicon supply chain beyond existing partners Broadcom and MediaTek as AI query demands increasingly outpace training as the dominant compute expense for hyperscalers.