Mark Zuckerberg confirmed Meta is exploring an AI cloud business to rent out spare computing power, aiming to monetize its over $100 billion AI infrastructure investment. The move would pit Meta again…
Bitcoin mining companies face investor scrutiny over insider share sales and a $50 billion funding gap as they pivot to AI infrastructure. A Blocksbridge Consulting report highlights executive stock s…
TeraWulf, a former Bitcoin mining company, signed a 20-year lease with AI lab Anthropic for a data center campus in Kentucky, projected to generate $19 billion in revenue. The deal, requiring $3.2-4 b…
France's antitrust regulator is nearing the end of its investigation into Nvidia, focusing on the company's dominance in AI chips and its CUDA software. The probe could result in charges that would ma…
Leaked audio from a Meta town hall reveals CEO Mark Zuckerberg admitted the company's AI push has not accelerated as expected, contradicting earlier claims that mass layoffs were necessary to win the …
Hugging Face and SkyPilot integrated on July 7 to make Hugging Face Storage a first-class SkyPilot backend, allowing AI teams to mount Hub repos or Hugging Face Buckets into jobs via hf:// URLs while …
Nscale closed a $900 million revolving credit facility from twelve banks including Goldman Sachs, J.P. Morgan, and Morgan Stanley, marking Wall Street's formal endorsement of the GPU cloud market. The…
CoreWeave has deployed NVIDIA Vera Rubin NVL72 at rack scale, becoming the first cloud provider to validate the system. The company integrated training, continuous inference, observability, and autono…
Meta launched Muse Image, its first AI image-generation model built under the Superintelligence Labs division led by Chief AI Officer Alexandr Wang, rolling out across Meta AI, Instagram, and WhatsApp…
Meta announced plans to sell excess AI compute to third parties, surprising investors and causing shares of neocloud providers CoreWeave and Nebius to drop 19% and 23% respectively. The move comes ami…
The Philadelphia Stock Exchange Semiconductor Index fell 6.3% on July 1, 2026, its steepest single-day drop, as AI-memory stocks Micron and Sandisk each dropped about 10% and equipment makers KLA, Lam…
Meta is developing a commercial AI cloud business to sell excess AI computing capacity and offer API-based access to its AI models, diversifying revenue beyond digital advertising. The initiative, und…
Meta plans to launch a new cloud business selling excess AI compute capacity, directly challenging Microsoft, Amazon, and Alphabet. The move, announced Wednesday, sent Meta's stock up 10% as the compa…
Meta stock surged 10% on Wednesday after Bloomberg reported the company plans to launch a cloud business selling excess AI compute capacity, putting it in competition with Microsoft, Amazon, and Alpha…
CoreWeave stock fell nearly 10% to $89 on July 1, 2026, as investors questioned AI spending durability despite the company reporting $2.08 billion in quarterly revenue, a 112% year-over-year increase.…
Meta Platforms is developing a cloud business to sell excess AI computing capacity and offer access to hosted models, according to reports. The plans, still in development, could include renting raw G…
Lightning AI, the PyTorch-tooling company that merged with GPU cloud provider Voltage Park in January 2026 to form a roughly $2.5 billion AI cloud, named Peter Bershatsky Vice President of Strategy an…
Meta shares surged after Bloomberg reported the social media giant plans to launch a cloud business selling excess AI compute, joining hyperscaler peers. The move could improve Meta's cash flow outloo…
Meta will reportedly launch a cloud computing business to sell excess AI computing capacity to third-party customers, diversifying revenue beyond advertising. The news sent Meta stock up over 7% as in…
Meta is developing a cloud infrastructure business called Meta Compute to rent out unused AI computing power, potentially competing with AWS, CoreWeave, and Lambda. The initiative, still in early stag…