Top executives from OpenAI's Stargate data center project are defecting to Meta's newly formed compute unit, signaling a major talent war brewing in the AI infrastructure space.
Meta signs a massive $21 billion deal with CoreWeave for AI processing capacity through 2032, pushing CoreWeave's revenue backlog to $87.8 billion — but the AI cloud firm faces a staggering $113 billion expansion bill, a $1.17 billion net loss, and dangerous customer concentration risks as Meta and OpenAI together …
Meta doubles down on AI dominance, committing an additional $21 billion to CoreWeave on top of a prior $14.2 billion deal, securing Nvidia GPU-powered cloud capacity through 2032 as part of a staggering $115–$135 billion capital expenditure plan this year.
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 …