Tech Titans Pump Billions into U.K. AI, Trump-Starmer Deal Imminent
Tech giants pump over $70 billion into the U.K. for AI and quantum computing initiatives as Trump and Starmer near landmark deal on technology collaboration.
Data Centers
OpenAI Poaches Former xAI CFO as Compute Spending Czar, Fueling Musk Rivalry
OpenAI fuels rivalry with Elon Musk by hiring former xAI CFO Mike Liberatore as compute spending czar, bringing expertise in securing billions for data center expansion.
OpenAI Restructures as For-Profit, Partners with Microsoft and Oracle in Billion-Dollar Deals
OpenAI restructures as a for-profit company, securing billion-dollar partnerships with Microsoft, granting its non-profit parent an equity stake exceeding $100 billion, and inking a $300 billion cloud deal with Oracle to build new data centers.
Microsoft AI Chief Announces Massive Compute Investment, Plans Clusters 10x Larger Than Current Models
Microsoft AI chief Mustafa Suleyman announces massive compute investments to build training clusters 6-10 times larger than current 15,000 H100 systems, while the company reportedly plans to integrate Anthropic's AI models into Microsoft 365 Copilot after they outperformed OpenAI models in Excel and PowerPoint.
NVIDIA Soars with $46.7 Billion Q2 Revenue, Forecasts $54 Billion for Q3
NVIDIA reports staggering $46.7 billion Q2 revenue, up 56% year-over-year, with Gaming revenue at $4.3 billion and Data Center revenue soaring, forecasting $54 billion for Q3 fiscal 2026 amid continued strong demand.
AI Data Center Spending Fuels U.S. Economic Growth, Outpacing Consumer Spending
Massive investments by tech giants into AI data centers are driving U.S. economic growth, with spending on AI infrastructure surpassing consumer spending and nearing 2% of GDP, diverting capital from other sectors like venture capital and manufacturing.
OpenAI Projects $115 Billion Cash Burn by 2029, Soaring Costs Drive Chip Development
OpenAI projects a staggering $115 billion cash burn by 2029, $80 billion higher than earlier estimates, as soaring costs drive the AI giant to develop its own chips and data centers to power its cutting-edge technology.
Google Removes Net-Zero Pledge, Energy Use Surges 26% Amid AI Boom
In a controversial move, Google removes its net-zero emissions pledge as the tech giant's energy usage surges 26% this year, driven by the AI boom, raising concerns about Big Tech's ability to meet climate goals amidst skyrocketing energy demands.
Nvidia CEO Unveils 'Jensen's Law' for AI Factories, Driving Performance and Cost Efficiency
Nvidia CEO Jensen Huang unveils 'Jensen's Law' for AI factories, driving performance and cost efficiency; when power is constrained and demand elastic, increases in performance per watt raise monetizable throughput faster than total cost, leading to higher revenue or lower unit costs.
India's Richest Man Mukesh Ambani Launches AI Subsidiary with $100M Google and Meta Partnerships
India's richest man Mukesh Ambani launches Reliance Intelligence subsidiary with $100 million partnerships alongside Google and Meta to build national AI infrastructure and develop enterprise solutions for Indian and international markets.