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.
OpenAI doubles its deal with AI chipmaker Cerebras to over $20 billion, takes a potential 10% minority stake, and invests $1 billion in data center development, as Cerebras eyes a $35 billion IPO in Q2 2025.
NVIDIA's Blackwell architecture is revolutionizing AI infrastructure, delivering 35x lower token costs and 50x greater output per watt than its predecessor Hopper, as major cloud providers race to deploy the new GPUs and redefine how AI computing efficiency is measured.
Jane Street strikes a $6 billion cloud computing deal with CoreWeave while securing a $1 billion equity stake, gaining exclusive access to NVIDIA's next-gen Vera Rubin architecture that promises 10x lower AI costs, positioning the $20.5 billion revenue trading giant at the cutting edge of AI-powered finance.
Meta and Broadcom are joining forces to co-develop next-generation custom AI chips, committing to a massive multi-gigawatt silicon rollout to power AI across Meta's platforms, as Broadcom CEO Hock Tan steps down from Meta's board to serve as a strategic advisor on its chip roadmap.
Google launches a Gemini desktop app for macOS, offering instant AI access via a keyboard shortcut, but the Apple Silicon-only release with no Windows version in sight suggests Google is still playing catch-up to rivals like OpenAI and Anthropic.
AI data center startup Fluidstack is seeking $1 billion in funding at an $18 billion valuation, more than doubling its worth in months, driven by a landmark $50 billion deal with Anthropic to build custom AI data centers across the U.S.
Microsoft secures 30,000 NVIDIA Vera Rubin GPUs at a 230 MW Arctic data center in Narvik, Norway, swooping in after OpenAI's Stargate negotiations collapse, expanding its $6.2 billion campus commitment while powering European AI with zero-carbon hydroelectric energy.
Meta locks in a massive multi-gigawatt AI chip deal with Broadcom through 2029, deploying cutting-edge 2-nanometer MTIA silicon as part of a staggering $135 billion infrastructure push that also spans partnerships with Nvidia, AMD, and Arm Holdings.