Wood Mackenzie estimates that only 28% of the 1,066 gigawatts of electricity capacity requested for US AI data centers will actually be built, with the rest considered 'phantom' projects that clog int…
OpenRouter, an AI model aggregation and routing platform, reported 7.3 trillion tokens of agentic usage on a 7-day average as of August 10, a 14-fold increase from roughly 500 billion tokens on Februa…
Blacksmith, a San Francisco developer tools startup, saw its valuation surge from $18.84 million to approximately $546 million in about a year, a roughly 29x increase, driven by AI-driven demand for f…
Salesforce CEO Marc Benioff, who publicly dismissed AI-driven job loss predictions, invested in AI startup June through his Time Ventures vehicle, which raised $20 million in pre-seed funding on Augus…
Wintermute, a crypto market maker, plans to invest $1 billion over five years in high-frequency trading systems and AI data-center infrastructure to expand into traditional markets, targeting over 50%…
HateAid, a German digital rights NGO, filed a criminal complaint on August 12 with the Frankfurt prosecutor's cybercrime unit ZIT against Meta Platforms Technologies Ireland Limited, Ray-Ban and Oakle…
Tencent reported Q1 2026 revenues of RMB 196.5 billion, up 9% year-over-year, while core operating profits rose 17% to RMB 84.4 billion, as the company's AI capital expenditure hit RMB 31.9 billion. M…
Bitcoin miners earned just 0.52% of their revenue from transaction fees in the week ending December 29, 2025, a 10-year low, according to data from 247wallst.com. Fees totaled roughly 16 BTC (about $1…
Cargo theft losses hit roughly $725 million in 2025, a 60% jump from the prior year, with organized rings using armed hijackings to steal servers, Nvidia chips, and other AI hardware, according to sup…
Nvidia's credit default swap (CDS) spreads rose to 82 basis points in late July before easing to 72.11 basis points by August 11, signaling increased perceived credit risk tied to its AI-driven financ…
The International Labour Organization's Employment and Social Trends 2026 report, published on January 14, projects global unemployment at 4.9% in 2026 but shows youth unemployment hit 12.4% in 2025, …
Google, an Alphabet subsidiary, announced its 'Americas Connect' initiative, adding three new subsea cables—Alisios, Canoa, and OlaLuz—plus a branch of its existing Firmina cable, to create redundant …
CoreWeave raised its fiscal year 2026 revenue guidance to $12.4 billion-$13.2 billion, reporting Q1 2026 revenue of $2.078 billion, a 112% year-over-year increase from $982 million, and a contracted b…
Chai Discovery, a San Francisco-based biotech startup, released Chai-3, a generative AI model for molecular design that doubles the success rate of its predecessor in creating therapeutic antibodies, …
Lumentum Holdings reported $1.01 billion in revenue for the fourth quarter of fiscal year 2026, more than doubling the $480.7 million from the same period last year, driven by surging demand for its l…
Super Micro Computer Inc. reported that nine customers each generated more than $1 billion in revenue during fiscal year 2026, up from four in FY25, with preliminary Q4 revenue expected near the lower…
CoreWeave shares surged about 14% in after-hours trading Tuesday after the AI cloud provider reported record second-quarter revenue of $2.575 billion, up 112% year-over-year, and a revenue backlog of …
Oracle Corp. shares plunged 12% on June 11, erasing roughly $72 billion in market value, after the company forecast about $70 billion in net capital expenditures for fiscal 2026, mostly for AI data-ce…
OpenAI merged its standalone Codex app into ChatGPT's desktop client for macOS and Windows, rolling out on July 9, 2026, to create a unified workspace with cloud-synced Work chats and integrated Proje…
Super Micro Computer Inc. reported fiscal Q4 2026 non-GAAP diluted EPS of $1.70, beating the consensus estimate of $1.33 by 28%, with net sales of $11.12 billion, up 93% year-over-year from $5.76 bill…