TikTok has reached a $400 million settlement with the U.S. Department of Justice, ending a 2024 lawsuit alleging the company violated federal children’s privacy laws. The DOJ said Friday that TikTok w…
TikTok is cutting roughly 550 jobs in 2026, including about 250 positions tied to the closure of its Nashville office on October 5, part of a broader restructuring that also puts up to 300 Dublin role…
Databricks raised $5 billion at a $190 billion valuation, up from its earlier $188 billion valuation, after investor demand reached $15 billion against the company's initial target of $1 billion, CEO …
BlackRock CEO Larry Fink said the United States needs $500 billion immediately and trillions more to build AI infrastructure, warning that delays could widen wealth inequality. Speaking on a CNBC pane…
The AI Infrastructure Partnership (AIP), MGX, and BlackRock's Global Infrastructure Partners (GIP) closed the record $40 billion acquisition of Aligned Data Centers on July 21, the largest data center…
A consortium including the AI Infrastructure Partnership, MGX, and BlackRock's Global Infrastructure Partners closed the largest data-centre acquisition on record, buying Aligned Data Centers for abou…
A consortium including BlackRock's Global Infrastructure Partners, MGX, and the Artificial Intelligence Infrastructure Partnership is acquiring Aligned Data Centers for approximately $40 billion, the …
BlackRock is leading a debt sale of more than $12 billion to fund a Meta data center campus in El Paso, Texas, with the bonds issued by a company holding an 80% stake in the project while Meta owns th…
BlackRock is preparing to sell more than $12 billion in bonds to finance a data center campus in El Paso, Texas, in one of the largest single debt deals tied to AI infrastructure this year. The bond s…
Sam Altman called Elon Musk 'homeboy' in a public exchange on X, criticizing Musk's proposal for orbital AI data centers as speculative compared to OpenAI's terrestrial Stargate infrastructure project…
The US Commerce Department is easing export controls on the United Arab Emirates, a move that could accelerate sales of advanced AI chips to the region. The decision faces sharp criticism after UAE-ba…
The US reclassified the UAE to Country Group A:5, effective July 10, 2026, eliminating export licenses for advanced AI chips, military gear, and satellites. The move follows the US-UAE AI Cooperation …
Sovereign wealth funds are increasingly prioritizing national strategic goals such as artificial intelligence and semiconductors over pure investment returns, according to a study by IE University. AI…
MGX, an Abu Dhabi-backed AI investment platform, closed its MGX Fund I at $49 billion, exceeding its $45 billion target and creating one of the largest dedicated AI capital pools globally. The fund, l…
Abu Dhabi sovereign wealth fund MGX closed a $49 billion AI fund on July 1, 2026, exceeding its initial $45 billion target. The fund, one of the largest focused on AI, has already backed 14 companies …
Abu Dhabi's MGX has raised approximately $49 billion for one of the largest AI investment funds ever, targeting AI infrastructure including semiconductors and data centers. The fund, backed by soverei…
Abu Dhabi's MGX has closed a roughly $50 billion fund to invest in AI infrastructure, semiconductors, and core AI technologies, with commitments from sovereign wealth funds and global investors. The f…
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…
NVIDIA validated STMicroelectronics' 12 kW power delivery proof-of-concept board for 800 V HVDC AI data centers, achieving over 98% efficiency and 2,600 W/in³ power density. ST also introduced 6 kW an…
Sovereign wealth funds are shifting hundreds of billions of dollars from public markets into private AI deals, with allocations projected to reach 29% of assets under management by 2025. Major investm…