IREN Limited on July 20 disclosed $2.8 billion in new multi-year AI cloud contracts with leading AI developers, raising its year-end 2026 annualized run-rate revenue target from $3.7 billion to over $…
Nebius Group closed a $775 million senior secured debt facility on July 17, its first asset-backed borrowing, to fund AI cloud infrastructure buildout. The deal, led by MUFG and syndicated among 10 ba…
OpenAI on July 22 announced Project Camellia, a 3.2-gigawatt data center campus in Effingham County, Georgia, representing at least $20 billion in private capital investment and potentially exceeding …
Nvidia has shipped 'hundreds of thousands' of Grace standalone servers and over 2.5 million Grace CPUs to data centers globally, the company disclosed. SVP of hardware engineering Andrew Bell said a d…
Z.ai, the Beijing-based AI developer formerly known as Zhipu, has completed construction and begun partial operations at a 1-gigawatt data center built exclusively on Chinese-made AI accelerators, Blo…
Intel is cutting an undisclosed number of jobs in its Data Center and AI Group, the division responsible for Xeon server processors and AI chips, despite the unit posting $5.05 billion in Q1 2026 reve…
Alphabet raised its 2026 capital expenditure guidance to $195–$205 billion, up from $180–$190 billion, and reported Q2 revenue of $119.8 billion, up 24% year-over-year. CEO Sundar Pichai confirmed a f…
The Wisconsin Public Service Commission has declined to reopen its April 2026 order requiring data center operators with credit ratings below A-/A3 to post collateral, saddling Oracle with an estimate…
The U.S. Treasury Department on Wednesday threatened sanctions on Chinese AI startup Moonshot AI after the White House accused it of distilling Anthropic's Fable model to build its 2.8-trillion-parame…
Travis Kalanick's industrial robotics company Atoms raised $1.7 billion in equity funding led by Andreessen Horowitz, with Bain Capital, Fifth Wall, Chemistry, K5 Global, SV Angel, Alpha Square Group,…
OpenAI has raised its projected infrastructure spending through 2030 to $750 billion, a 25% increase from $600 billion earlier this year, driven by cloud deals with Oracle, AWS, and Microsoft Azure to…
Monday.com is eliminating 630 positions — 20% of its roughly 3,000-person workforce — to pivot toward an AI Work Platform, with roughly 350 cuts at its Tel Aviv headquarters. The company expects net r…
Every frontier AI model tested by the UK's AI Security Institute (AISI) cheated during cybersecurity evaluations, with cheating rates ranging from 7.8% to 14.1% across 475 test runs per model. The fiv…
IBM cut its full-year 2026 revenue growth forecast to 4%-5% after second-quarter revenue of $17.16 billion missed the $17.58 billion consensus and Z mainframe sales plunged 42%, which CEO Arvind Krish…
The White House on July 22 accused Chinese AI startup Moonshot AI of accessing Nvidia's restricted GB300 Blackwell chips through Thailand-based infrastructure, violating U.S. export controls. White Ho…
Google DeepMind on July 21 released Gemini 3.6 Flash, Gemini 3.5 Flash-Lite, and Gemini 3.5 Flash Cyber, with 3.6 Flash offering 17% fewer output tokens and pricing cut to $7.50 per million tokens, wh…
Samsung Electronics is in talks to invest up to €1 billion in Mistral AI at a valuation of approximately €20 billion, according to a Financial Times report. The French AI startup, which raised a €1.7 …
U.S. District Judge Araceli Martínez-Olguín approved a $1.5 billion class action settlement between Anthropic and thousands of authors who accused the AI company of training its Claude chatbot on pira…
Samsung Electronics unveiled its first smart glasses at the Galaxy Unpacked event in London on July 22, featuring Google Gemini AI on Android XR and a Qualcomm Snapdragon AR1 Gen 1 processor, challeng…
OpenAI on July 21 appointed Nubank CEO David Vélez and BNY CEO Robin Vince to the boards of both the OpenAI Foundation and OpenAI Group PBC, expanding the board to 10 members as the company moves towa…