Oracle Seeks Escape Clause on New Mexico Data Center
The data center Oracle is building in southern New Mexico is called Project Jupiter, a campus designed to draw 2.45 gigawatts of power. On Wednesday, Oracle sent the project’s developer…
Big Cloud’s AI Bill Tops $4.2 Trillion Through 2029
For years, the largest cloud companies paid for their data centers the way they paid for everything else: out of the cash their businesses threw off. That habit is breaking.…
Home Insurers Built on Software Line Up for IPOs
For the better part of a decade, the story in American homeowners insurance ran in one direction: big carriers raising prices, dropping policies and pulling out of states where storms…
Snorkel AI’s Valuation Triples to $3.5 Billion
Alex Ratner spent years telling companies the bottleneck in artificial intelligence was not the model but the data. On September 22, the market put a number on that idea. Snorkel…
Andreessen Horowitz Opens a School for Builders
For two decades, Silicon Valley has told ambitious teenagers that college is optional and the fastest way to the top is to drop out and start building. One of the…
Howard Marks Sees the $5 Trillion AI Boom Keeping Rates High
Howard Marks built Oaktree Capital on a simple idea: the most important fact in any investment is the price of money. For months, Wall Street has been waiting for that…
Burry Adds to His Bet That the Memory Boom Is Over
Michael Burry built his reputation by standing against the last great financial mania. Two decades on, he is standing against a new one: the memory-chip rally that has made Micron…
Oracle Cuts Jobs at the Texas Site It Shows Off as Its AI Future
Abilene, Texas, is where Oracle points when investors ask whether its partnership with OpenAI is real. Last week it was also where Oracle cut jobs. The company’s latest round of…
ASML Sells Nothing in Europe, and It Wants That Fixed
The most valuable company in Europe makes the machines the world’s chip factories cannot do without. In the second quarter, it sold none of them in Europe. ASML’s executive vice…
Qualcomm Buys the Software That Moves a Robot’s Arm
Qualcomm spent Tuesday selling investors on a phone chip that can run an AI agent without a cloud. On Wednesday it bought a company that teaches robots how to move,…
