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…
CoreWeave and Nvidia announced a joint venture to validate a rack-scale computing architecture in June, aiming to enhance AI efficiency and scalability. This collaboration could set a new standard for…
CoreWeave became the first cloud provider to validate Nvidia's NVL72 Vera Rubin rack platform, featuring 72 Rubin GPUs, 36 Vera CPUs, and 260 TB/s of NVLink 6 fabric. The platform, described as not an…
Dell's AI server sales surged, driving revenue past expectations and boosting Michael Dell's net worth to $217 billion, but gross margins dropped 26% since February 2025 as AI now accounts for 37% of …
The Bank of International Settlements warned that the AI investment boom poses systemic risks, with hyperscalers set to spend over a trillion dollars on AI capex from 2025-2026, outpacing earnings and…
Cockroach Labs CEO Spencer Kimball said AI agents will automate database management just as they have coding, driven by the explosion of AI agent demand. The company plans to launch an Agentic Databas…
CoreWeave has partnered with Swedish data center operator Conapto to add two Stockholm campuses to its European AI infrastructure, pushing its global data center total to 49 and active power capacity …
French private equity giant Ardian is betting over $1.2 billion on Nordic data centers through its Verne platform, leveraging the region's cheap renewable energy and natural cooling to power Europe's …
SpaceX has secured contracts with Anthropic, Google, and Reflection AI to rent GPUs, generating an annualized revenue run rate of approximately $28 billion. The deals, including a $6.3 billion commitm…
CoreWeave launched ARIA, an AI agent built with W&B Weave that automates experiment analysis for machine learning projects, entering preview to analyze thousands of runs and metrics in minutes. The ag…
OpenAI, Anthropic, and xAI collectively consume about 21% of global AI compute capacity, operating fewer than 4 million H100-equivalent GPUs by end of 2025. Google alone controls roughly 25% of global…
General Intuition, founded by Pim de Witte, raised $320 million in a round led by Khosla Ventures, valuing the company at $2.3 billion. The startup uses gaming footage from de Witte's clip-sharing pla…
Andreessen Horowitz led a $15 million Series A round for Netris, a network automation startup that helps GPU cloud providers manage the networking layer beneath AI clusters. The investment highlights …