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Federal Communications Commission Chair Brendan Carr attacked Amazon in a Wednesday social media post after the company petitioned against a request by SpaceX for permission to launch one million satellites into space to create an orbital data center constellation. While it’s common practice in ...
Tesla and xAI are working together on a joint artificial intelligence project, Elon Musk said Wednesday. The move, which comes after turnover at xAI, is the latest shift in Musk’s plan to build AI designed to replace white collar workers. In a X post, Musk said “Macrohard or Digital Optimus is a ...
Microsoft is in advanced talks to lease hundreds of megawatts of data center capacity at a closely watched artificial intelligence campus in Abilene, Texas, after rival Oracle walked away from the same opportunity, according to a person with direct knowledge of the discussions and another person briefed about it.
Meta Platforms is also in talks to lease the site, The Information previously...
Shopify Chief Financial Officer Jeff Hoffmeister said the e-commerce software company wasn’t yet seeing many transactions completed by AI shopping tools, even though shoppers are increasingly using chatbots to look for product recommendations. “As you think about true agentic commerce and how ...
Nvidia will invest $2 billion in Amsterdam-based AI cloud company Nebius Group and the two companies will work together to build data centers using 5 gigawatts of energy by the end of the decade. The deal, announced by both companies Wednesday, adds to the growing tally of investments ...
Uber announced it would offer the Zoox robotaxi to customers starting this year. This is the first time the Amazon-owned self-driving car company has partnered with an outside ride-hailing app. Zoox will be available on the Uber app starting this summer in Las Vegas, and next year will be ...
For much more on AI finance, please join me and my colleague Cory Weinberg at the New York Stock Exchange on Monday, April 27, for The Information’s Financing the AI Revolution forum. Hear from top executives and investors on how the rapid buildout of AI is reshaping tech, finance, and capital markets. Learn more here.It’s hard to overstate how lucky AI developers were that their brilliant...
Online retailer Quince announced a new $500 million funding round Wednesday, more than doubling the company’s previous valuation to more than $10 billion, including the investment. The announcement confirms a report by The Information last week that the company was in talks with investors. The ...
The global memory chip shortage sparked by the AI boom has prompted companies including Google and Nvidia to spend more effort on alternatives that could ease the supply crunch. One of them is a technology that allows servers to share memory across a data center.The technology, Compute Express Link, or CXL, is seven years old but was slow to take off until recently, in part because it slows down...
Amazon raised $37 billion in bonds in the U.S., the company confirmed in a securities filing on Wednesday, buttressing its balance sheet as it ramps up its investment in AI. the bonds range from two year notes to 50 year notes. Separately, Bloomberg reported Wednesday that the company raised an ...