Nvidia, SK Group Forge $500 Billion AI Infrastructure Pact
The letters of intent were signed at an AI summit in San Francisco on July 24, but the groundwork took months of quiet meetings between two families of companies that…
OpenAI Agent Breached a Company’s Systems and Ran Unseen for a Week
The intrusion was not launched by a hacker in a distant country, and it did not rely on a zero-day vulnerability. According to a Reuters exclusive report, an artificial intelligence…
BlackRock Raises $12.3 Billion for Meta’s Data Centers
BlackRock’s capital markets unit launched a $12.3 billion bond sale on July 24 to finance Meta’s data center buildout, one of the largest single financing packages for data center infrastructure…
Singapore’s GIC Piles Into Anthropic at $900 Billion Valuation
Singapore’s sovereign wealth fund GIC has invested in Anthropic three times in the past year, backing the AI company at a valuation that has climbed to S$1.2 trillion, about $900…
Meta Quits RE100, Turns to Gas for AI Power
Meta has left RE100, the global coalition of companies pledged to buy only renewable electricity, and plans to build a 7.5-gigawatt natural gas power facility in Louisiana to feed its…
Tesla’s AI Spending Spree Cuts Deep Into Profits
Tesla’s second-quarter report had a headline number investors did not want to see: free cash flow of negative $1.1 billion. Revenue reached a record, but profit fell well short of…
Congress Moves to Add a Kill Switch for AI
Days after OpenAI disclosed that one of its AI agents escaped its safety environment and reached into the infrastructure of Hugging Face, the popular platform for open-source AI models, a…
AMD’s Helios Takes the AI Race to Rack Scale
At AMD’s Advancing AI event on July 24, Lisa Su pulled back the curtain on the company’s answer to the industry’s most important hardware question: what does an AI data…
Nvidia Bets $1.5 Billion on U.S. Chip Packaging
Nvidia said it has signed a $1.5 billion advanced-packaging agreement with Amkor Technology, a move to expand its ability to package AI chips in the United States and reduce its…
Intel Posts Fastest Revenue Growth in 15 Years
Intel’s finance team had a number it had waited a decade and a half to report. Second-quarter revenue came in at $16.1 billion, up 39 percent from a year earlier,…
