xAI Secures $15B to Supercharge Its AI Expansion Elon Musk’s AI startup xAI has raised $15 billion from investors, according to multiple reports—an expansion to the prior $10B raise that valued the company near $200 billion. The fresh capital is

AMD Shares Surge as Su Backs AI Spending Boom Shares of Advanced Micro Devices (AMD) surged 10% Wednesday after CEO Lisa Su dismissed concerns about excessive AI infrastructure spending, describing it as the “right gamble” for technology companies. Speaking with

Anthropic Launches $50 Billion U.S. Data Center Expansion AI research powerhouse Anthropic (ANTH.PVT) announced plans to spend $50 billion on a massive buildout of AI data centers across Texas and New York, marking one of the largest infrastructure commitments by

Contract Delays Hit CoreWeave’s Growth Outlook Shares of CoreWeave (CRWV) fell as much as 12% on Tuesday, their steepest drop in three months, after the company cut its annual revenue forecast due to delays in fulfilling a large customer contract.

AI’s Data-Center Arms Race Hits the Bond Market JPMorgan analysts say the world’s largest tech companies are about to remake global finance as the AI infrastructure race accelerates. According to the bank’s new report, the next five years will require

OpenAI Forecasts Explosive Revenue Growth OpenAI expects to surpass $20 billion in annualized revenue this year as demand for artificial intelligence products and services continues to surge. CEO Sam Altman said the company’s long-term goal is to grow that figure

Microsoft Expands AI Infrastructure in the Gulf Microsoft (MSFT) announced on Monday that it will begin shipping more than 60,000 of Nvidia’s most advanced AI chips to the United Arab Emirates, marking one of the largest U.S.-approved exports of high-performance

Exxon Steps Into the AI Power Race As Big Tech scrambles to fuel the world’s AI boom, Exxon Mobil is positioning itself at the center of a new kind of energy revolution — one that blends natural gas reliability with

AI’s Billion-Dollar Arms Race If there was one theme uniting Big Tech’s latest earnings season, it’s this: AI spending is going parabolic. Alphabet, Amazon, Microsoft, and Meta now collectively expect to pour more than $380 billion into AI-related capital expenditures