Microsoft faces an estimated $80 billion backlog of unfulfilled Azure orders due to power grid limitations, CEO Satya Nadella said. The company's commercial remaining performance obligations reached $…
David Cote, former CEO of Honeywell, became executive chairman of Vertiv, a cooling company whose market cap surged from under $11 billion to $109 billion since going public, after being fired by Jack…
Anthropic, the AI start-up behind Claude, is targeting a US stock market debut as soon as autumn that could raise more than $100 billion and value the company at up to $2 trillion, potentially eclipsi…
Anthropic is preparing to file publicly for its IPO by end of August, targeting a valuation north of $2 trillion, which would match or beat SpaceX's record $75 billion raise from June. The company's r…
Gas turbine shortages have become the biggest constraint on AI data center expansion, with GE Vernova's backlog reaching 116 GW as of Q2 2026 and delivery slots stretching to 2031. US data center powe…
Vertiv Holdings, an 80-year-old air conditioning company, has seen its market cap surge nearly 10x from under $11 billion to $109 billion since its IPO in early 2021, driven by its pivot to liquid coo…
Goldman Sachs reported on August 19 that artificial intelligence is measurably slowing job openings growth across major developed economies, with US call center employment falling 39% below its histor…
New York City now employs more tech workers than San Francisco — 394,300 to 375,730 — according to CBRE's "Scoring Tech Talent 2026" report, marking the first time NYC has led in 13 years. However, th…
Anthropic generated $11.5 billion in revenue in Q2 2026, surpassing OpenAI's $6.7 billion for the first time and achieving its first positive adjusted operating income, according to internal documents…
Nearly 100 data centers have been opened or begun construction in Ulanqab, Inner Mongolia, since 2016, with Chinese companies pledging projects totaling 12.5 gigawatts of capacity, over 70 percent ann…
Anthropic is accelerating plans for a U.S. IPO that could challenge SpaceX's record for the largest new share offering, targeting a $2 trillion valuation and a potential market debut in October. The c…
AT&T reduced its AI coding costs by 56% with only a 2% decline in performance by routing routine employee queries to cheaper open-source models via LiteLLM, processing 45 billion tokens daily on its i…
Nscale, a London-based AI infrastructure company founded in 2024, plans to raise up to $3 billion in a US IPO targeting a September 2026 listing, with Goldman Sachs and JPMorgan leading the process. T…
Nvidia is reducing its proposed financial guarantee for an OpenAI data center project in Ohio from as much as $250 billion to less than $120 billion, according to the Wall Street Journal. The revised …
Citadel has unwound over 80% of the $4 billion in assets it acquired from Situational Awareness, the AI-focused hedge fund run by Leopold Aschenbrenner that collapsed in July, according to a report. T…
US hyperscalers have issued roughly $220 billion in AI-linked debt as of mid-August 2026, up from $12.5 billion a year earlier, a 17x increase, and bond investors are demanding wider spreads, with Ama…
The U.S. national debt crossed $40 trillion on Tuesday, after growing by $3 trillion in the past year, with the Treasury needing to refinance $9.7 trillion in debt this fiscal year while covering a pr…
Anthropic's $1.5 billion enterprise AI services firm Ode, led by Chris Taylor, has been built around private equity portfolios, with Blackstone, Hellman & Friedman, and Goldman Sachs announcing the ve…
Ode, an AI consulting firm backed by Anthropic, Blackstone, and Goldman Sachs, embeds AI engineers and implements Claude directly into enterprises, offering a new model of consulting that integrates A…
Anthropic, the company behind the Claude AI models, has added Citigroup to its IPO banking team, joining Morgan Stanley, Goldman Sachs, and JPMorgan Chase, as it prepares for a potential Nasdaq listin…