Perplexity AI's annual recurring revenue surpasses $450 million as of March 2026, more than doubling in a single quarter, while its user base tops 100 million and its valuation soars to $21 billion — up from just $3 billion in mid-2024.
Cisco launches its N9100 Series Switches, delivering a massive 102.4 Tbps bandwidth powered by NVIDIA Spectrum-X silicon, offering low-latency, lossless Ethernet fabrics built to meet the intense demands of next-generation AI workloads across neoclouds and enterprise data centers.
Cisco launches Nexus One, a unified networking platform integrating silicon, software, and security to eliminate data center fragmentation and power AI-scale infrastructure with quantum-safe encryption, real-time GPU visibility, and multi-OS support.
Meta has indefinitely halted work with AI data firm Mercor following a massive security breach linked to threat actor TeamPCP, who compromised AI tool LiteLLM in a supply chain attack potentially exposing sensitive training data across top AI labs including OpenAI, while a group falsely claiming to be Lapsus$ attempts …
Andrej Karpathy unveils 'LLM Knowledge Bases,' a groundbreaking system where AI acts as a full-time research librarian, compiling self-healing Markdown wikis that replace vector databases and RAG pipelines, sparking enterprise interest as a potential new product category.
Sandisk drops 26% amid fears over Google's TurboQuant compression algorithm, but with Q2 data center sales surging 64% quarter-over-quarter, margins projected at 65-67%, and a $671 price target suggesting 17-18% undervaluation, analysts say the sell-off is overblown and the stock presents a strong buying opportunity.
Oracle is cutting thousands of jobs amid a 25% stock drop and mounting debt, as the tech giant bets big on AI infrastructure with plans to raise $50 billion and honor a $300 billion OpenAI deal, while analysts say slashing up to 30,000 employees could unlock $10 billion in free …
South Korean AI chip startup Rebellions hits a $2.34 billion valuation after securing $400 million in a pre-IPO round led by Mirae Asset Financial Group, while simultaneously launching two new AI infrastructure platforms, RebelRack and RebelPOD, as the company aggressively expands into the U.S., Japan, Saudi Arabia, and Taiwan.
Ray Data LLM achieves double the AI throughput of vLLM's synchronous engine by using asynchronous execution at both batch and token levels, eliminating pipeline bottlenecks in mixed reasoning workloads, with benchmarks showing performance gains that continue to grow as decode lengths increase.
Microsoft secures a massive 700MW data center lease in Abilene, Texas from neocloud firm Crusoe, stepping in after OpenAI and Oracle retreat from Stargate expansion plans, as power grid constraints tighten competition in the AI infrastructure race.