NVIDIA shatters records with $81.6 billion in Q1 fiscal 2027 revenue, surging 85% year-over-year, as explosive AI demand drives Data Center sales to $75.2 billion while the company projects an even bigger $91 billion quarter ahead.
Jeff Bezos calls space-based data centers 'very realistic' but pushes back on Elon Musk's aggressive 2-3 year timeline, as Blue Origin targets a 2027 launch for 'Project Sunrise,' a bold plan to deploy 51,600 data center satellites into low Earth orbit, while space stocks surge amid SpaceX's anticipated IPO at …
AI search startup Exa Labs surges to a $2.2 billion valuation after raising $250 million backed by Andreessen Horowitz, as a fierce wave of well-funded rivals — including Parag Agrawal's Parallel Web Systems — race to exploit cracks in Google's and ChatGPT's dominance of the rapidly evolving search market.
OpenAI launches a 'Guaranteed Capacity' program letting customers lock in one-to-three-year AI compute commitments at increasing discounts, with CEO Sam Altman calling it a 'big win-win' as the company targets $600 billion in total compute spend by 2030 and eyes a potential IPO.
Blackstone and Google are launching a $5 billion AI computing joint venture powered by Google's Tensor Processing Units, with 500 MW of U.S.-based data center capacity expected online by 2027 and Google veteran Benjamin Treynor Sloss named as CEO.
Runway, now valued at $5.3 billion, is pivoting from AI filmmaking tools to building world models designed to simulate physical environments, targeting transformative applications in robotics, drug discovery, and climate modeling — but faces stiff competition from Google, OpenAI, and compute resource challenges.
OpenAI president Greg Brockman formally takes control of company strategy as OpenAI merges ChatGPT, Codex, and its developer API into a single unified product team amid a broader executive restructuring ahead of a potential IPO.
Nvidia is partnering with Ineffable Intelligence, the $1.1 billion-backed AI startup founded by DeepMind reinforcement learning pioneer David Silver, to co-develop AI systems that learn through trial and error using Nvidia's latest Grace Blackwell chips — pushing beyond conventional AI trained on human data toward systems that continuously discover new …
xAI cofounder Igor Babuschkin is seeking up to $1 billion for his new AI startup River AI at a $5 billion valuation, with General Catalyst in talks to lead the round and Babuschkin personally committing $100 million to the venture.
Microsoft is aggressively pursuing AI startup acquisitions, including talks with Stanford-spun Inception, as it races to build frontier AI independence from OpenAI by 2027 — after losing a bid for code-generation startup Cursor to a SpaceX-xAI deal worth $60 billion.