Jeremy Grantham warns that Big Tech's monopoly era is ending as AI spending reaches $725 billion, creating a brutal competitive landscape that could compress margins and reshape markets. The GMO co-fo…
A new super PAC called the Guardrails Alliance launched on June 18 to counter Leading the Future, a pro-AI super PAC that has raised over $100 million for the 2026 midterms. The Guardrails Alliance, b…
HIVE Digital Technologies acquired the 32 MW Big Boden data center in Sweden after operating it as a tenant since 2018, with plans to install 2,000 NVIDIA GPUs for AI workloads. The acquisition, appro…
IREN Limited, formerly Iris Energy, faces a $21 billion funding gap to fulfill $13.1 billion in AI cloud contracts with Microsoft and NVIDIA. The company plans to raise capital through convertible not…
The Public Utility Commission of Texas will vote on July 9 on ERCOT's Batch Zero framework, a new process to manage interconnection requests for large loads like data centers and crypto mines. The bac…
The US Treasury is assessing whether to expand outbound investment screening to include biotechnology deals with Chinese firms, following bipartisan pressure from lawmakers. Representatives John Moole…
OpenAI is preparing to release GPT-5.6, with a Pro variant that features longer processing times for complex reasoning tasks. Chief scientist Jakub Pachocki called the model a 'meaningful improvement'…
ASML CEO Christophe Fouquet warned that Europe is 'quite behind' in the AI race, with the US purchasing 80% of advanced AI chips and Europe accounting for only 1-2% of ASML's high-end lithography syst…
Perplexity AI launched Brain, a self-improving memory system for its Perplexity Computer platform that builds a persistent context graph to eliminate repetitive prompting. The system continuously lear…
OpenAI hired Ha Thai, former VP of Communications for Meta's Reality Labs, to lead communications for its hardware initiatives. Thai will shape the narrative around OpenAI's first consumer device, a p…
The Federal Energy Regulatory Commission announced plans on June 18, 2026, to expedite grid connection approvals for AI data centers, cutting approval timelines to as short as 60 days for flexible loa…
Meta's newly appointed President Dina Powell McCormick is leveraging her Wall Street connections, including relationships with JPMorgan CEO Jamie Dimon, to secure financing for the company's massive A…
Amazon is negotiating to sell its custom Trainium AI processors to external companies for use in their own data centers, challenging Nvidia's dominance in AI hardware. The move follows Amazon's in-hou…
Baseten, an AI inference infrastructure startup, is closing a $1.5 billion funding round that values the company at up to $13 billion, tripling its valuation in six months. The round is co-led by Alti…
The TAKE IT DOWN Act, targeting non-consensual deepfake imagery, was signed into law by President Trump on May 19, 2025, after passing the Senate unanimously and the House with a 409-2 vote. The bill …
The Roundhill Memory ETF (DRAM), the first exchange-traded fund dedicated to memory chip companies, has surpassed $20 billion in assets under management just weeks after its April 2, 2026 launch, driv…
Super Micro Computer lost over 40% of its value after short-seller Hindenburg Research published a report alleging accounting red flags, undisclosed related-party transactions, and potential export co…
SpaceX acquired Anysphere, the parent company of AI coding platform Cursor, in a $60 billion all-stock deal announced June 16, positioning the newly public aerospace giant as a direct competitor to Op…
Micron Technology is set to report fiscal Q3 2026 earnings on June 24, projecting record revenue of $33.5B and a non-GAAP gross margin of 81%, more than double from a year ago, driven by surging deman…
Two AI agents, associated with projects ClawBank and Shodai, negotiated, executed, and linked a legally binding Ricardian contract to a smart contract on the Arc Network, triggering automatic payouts …