Nebius Swaps Gas Turbines for Fuel Cells at 300-Megawatt Data Center
Nebius, the AI cloud company, said on Aug. 17 that its 300-megawatt data center in New Jersey will run on Bloom Energy fuel cells instead of gas turbines, a switch…
AI Chip and Storage Stocks Slide as Treasury Yields Hit 19-Year High
The mood that lifted AI hardware stocks on Monday vanished by Tuesday’s premarket session. Nvidia fell about 2%, Marvell dropped more than 6%, and storage makers SanDisk and Micron declined…
Higgsfield Raises $400 Million as AI Video Ads Catch On
Higgsfield, a startup that generates advertising video from text prompts, said on Aug. 17 it closed a $400 million Series B round led by DST Global, valuing the company at…
Einride Orders 500 Tesla Semis in Largest Electric Truck Deal
Einride, the Swedish company that sells electric trucking as a service, said it will buy 500 Tesla Semis for its North American fleet, the largest deployment of the electric heavy…
SpaceX Discloses Shareholder List as 319 Million Shares Come Free
SpaceX, in its latest regulatory filing, laid out who owns the rocket company, and the list reads like a roll call of the modern technology economy. Elon Musk holds 48.4%…
OpenAI’s Safety Team Disbanded, Company Says It Was a Reorganization
The Financial Times reported on Aug. 16 that OpenAI disbanded its Preparedness team, the unit charged with assessing catastrophic risks from AI models, at the end of July, folding its…
Meta’s Off-Balance-Sheet AI Obligations Reach $420 Billion, Auditor Flags
Buried in Meta Platforms’ audited financials is a number that does not appear on the balance sheet: roughly $420 billion in AI-related obligations, according to an analysis by the Wall…
Nvidia Puts $105 Billion Guarantee Behind OpenAI-Bound Ohio Data Center
The chip maker that powered the AI boom is now underwriting its real estate. Nvidia on Aug. 17 announced a multi-year partnership with SB Energy to advance the PORTS Technology…
Anthropic’s Annualized Revenue Tops $65 Billion as IPO Approaches
In routine investor briefings in late July, executives at Anthropic shared a number that would have seemed implausible two years ago: the company’s annualized revenue had crossed $65 billion, according…
Samsung Display Restarts Foldable-Screen Plant After Five-Year Pause
Construction crews are preparing to return to a site in Asan, South Korea, that has stood idle since 2021. Samsung Display, the display-making arm of Samsung Group, has approved the…
