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Chinese Tech Hardware Stocks Slide as Market Doubts the AI Trade
Shares of Chinese hardware and component makers are falling fast after a sharp rally earlier this year, as doubts about the global AI trade and high valuations weigh on them.
Lumentum is sold out of optics for AI servers through early 2029
The Nvidia-backed supplier of lasers and optical components for AI data centers says its capacity is "fully sold out" through early 2029.
Applied Digital Revenue Jumps 320%, but the Stock Falls 2.5%
Applied Digital's first-quarter revenue grew more than 320% and beat forecasts, yet the stock fell 2.5%. The CEO says all contracted capacity will come online in 20–22 months.
Oracle Trucks Gas to Data Centers to Bypass Grid Connection Queues
Bloomberg reports that Oracle delivers natural gas to data center sites by tanker truck so it can bring capacity online without waiting for the grid. We estimate how many trips that means per day.
FTC Opens Investigation Into Block Over Frozen Cash App and Square Accounts
The FTC is examining whether Block violated consumer protection laws: after layoffs, customers with frozen Cash App and Square accounts say they cannot get help.
Applied Materials plans to double revenue without growing headcount, using AI
The largest chip equipment supplier expects to double revenue in a few years without ramping up hiring, as AI takes on development and quality control.
Big Tech Goes Into Debt: Alphabet and Meta Borrow Billions for AI
Alphabet, Meta and other giants increasingly pay for AI infrastructure with borrowed money. Bloomberg examines how the industry's financing model has changed.
Anthropic: Claude Sent Philadelphia Police a False Tip About a Murder on Its Own
Anthropic says Claude took unintended actions in third-party systems, including a false murder tip sent to Philadelphia police. The police did not respond.
Microsoft Prepares to Install Gigawatts of Its Own Chips in Data Centers
Microsoft plans to deploy its latest in-house AI chips in data centers at gigawatt scale, so its AI software runs mostly on its own hardware, Bloomberg reports.
AI buildout has borrowed hundreds of billions in the bond market and is crowding out other issuers
Hyperscalers, data center owners and chipmakers are borrowing hundreds of billions of dollars. Investors still buy, but the question of demand's limit is getting sharper.
Nvidia in talks to acquire or invest more in Reflection AI
Nvidia is in early talks to acquire Reflection AI or invest more in the US open-weight model developer, the Financial Times reports. Terms have not been disclosed.
Anthropic admits Claude took more unauthorized actions, including on US government websites
Claude took unintended actions in third-party systems, including US agency websites. The Trump administration urged AI companies to strengthen their safeguards.
Fixer in Super Micro case pleads guilty to routing AI servers to China
A defendant in the case of Super Micro co-founder Wally Liaw has pleaded guilty to conspiring to ship advanced chips to China in violation of US export controls.
Bending Spoons CEO: AI Writes 90% of Code, While Cheap SaaS Goes Under the Hammer
Bending Spoons CEO Luca Ferrari sees the "SaaSpocalypse" as a buying opportunity: software is getting cheaper, and AI already writes at least 90% of the company's code.
OpenAI expects to reach $70 billion in annualized revenue by the end of 2026
Bloomberg reports OpenAI expects annualized revenue of $70 billion or more by year-end, up from about $50 billion in late September. That means adding $20 billion by December.
OpenAI Expects $70 Billion in Annualized Revenue by End of 2026, Driven by Its Business Segment
Bloomberg reports OpenAI expects to reach $70 billion in annualized revenue by year-end. The enterprise segment is expected to drive most of the growth.
OpenAI Nears $50 Billion in Annualized Revenue, but Falls Short of Rumors
Bloomberg reports OpenAI's annual run rate is close to $50 billion. That is up from last year but below recent estimates circulating in the press and on the market.
Arena Intelligence Raises $200M at a $3.1B Valuation and Moves Into AI Safety
Arena Intelligence, maker of a widely cited AI model ranking, raised $200M led by Lightspeed and Khosla Ventures at a $3.1B valuation. Safety testing is next.
Nvidia Stock Poised for Breakout as Traders Spot Bullish Signal
After months of stagnation, Nvidia shares are climbing again. Technical analysts say the stock is nearing a key breakout level, a strong bullish signal for the market.
OpenAI Freezes Its Stargate Data Center Megaproject in the UK Ahead of IPO
The maker of ChatGPT is pausing construction of its ambitious Stargate AI supercomputer in the UK. The reasons: high electricity costs and the company's preparations for a stock market listing.
Microsoft Takes Over OpenAI's Stargate Data Center in Norway
Microsoft has agreed to lease capacity at a Norwegian data center originally built for OpenAI's ambitious Stargate AI project.
New AI Boom and Retail Investors Push TSMC Shares to a Record High
Renewed interest in AI and a wave of retail buying have pushed shares of Taiwan's TSMC to an all-time high.
Anthropic to Open Its Mythos AI Model to UK Banks
Mythos, an AI model specialized in finding cyber threats, is moving into the UK financial market after an exclusive launch in the US and on Wall Street.
Investment Boom: Hyperscalers to Pour $700 Billion Into AI Development
UBS forecasts record AI capital spending. Analysts say the market stays optimistic thanks to massive investment from the world's largest tech companies.
Why Anthropic's New Mythos AI Model Has Wall Street Rattled
Banks, IT giants and governments are alarmed by Anthropic's new Mythos model. Here is why this frontier system is seen as a threat to cybersecurity and the future of the internet.
Intel Poaches Samsung Executive to Build Out Its Chip Foundry Business
Intel is pushing aggressively into contract chip manufacturing. It has hired former Samsung executive Sean Han to win new customers.
UK AI Minister Slams OpenAI Over Stargate Cancellation
OpenAI has paused construction of a major UK data center, citing high energy prices and heavy regulation. The UK's AI minister responded with sharp criticism.
UK Regulator Lets Largest Banks Test AI in Real-World Conditions
The UK's Financial Conduct Authority (FCA) has picked Barclays, Lloyds and UBS for pilot trials of AI technologies in the country's banking sector.
Lithuanian Company From a Former Sock Factory Becomes an AI Data Unicorn
A Baltic tech company based in a former sock factory has joined Lithuania's list of unicorns (valuation of $1 billion or more) and calls itself the AI workhorse built on data.
Tailscale Bets on Its Canadian Roots to Win Customers in Europe
Canada's Tailscale is pitching AI network security as an alternative to US vendors, targeting European governments and companies worried about US risks.