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Intuit’s founder and executive leadership team have canceled plans for future stock sales, the company said in a regulatory filing on Monday. At the same time, Intuit said it planned to “substantially accelerate” its remaining $3.5 billion worth of planned stock buybacks, having repurchased $1.8 ...
Nscale has agreed to buy the developer of one of the largest U.S. AI data center sites, confirming a report in The Information last week. Nscale is acquiring American Intelligence & Power Corporation, a firm set up earlier this year to help develop a more than 2,000-acre site in Mason ...
Nvidia CEO Jensen Huang said the company now expects $1 trillion in revenue from its Blackwell and Rubin AI chips between 2025 and 2027, a huge amount for a company that in the year through January reported $216 billion in revenue. In making the projection, Huang was updating a projection from ...
Nvidia CEO Jensen Huang announced a new AI server system based on technology the company licensed last year from chip startup Groq, designed to make its AI servers more energy- and cost-efficient for tasks such as AI coding. This is the first time Nvidia has integrated another company’s AI ...
OpenAI is in talks with private equity firms including TPG, Advent International, Bain Capital and Brookfield Asset Management to form a joint venture that would sell OpenAI’s tech to companies funded by the investment firms, according to a person with knowledge of the deal. OpenAI CEO of ...
War focuses attention on the present. That was very clear from a week’s worth of conversations in Washington with leaders at defense tech startups, traditional military contractors and people close to the Pentagon.
Until the U.S. and Israel attacked Iran, buzz was building around startups such as Anduril and Saronic that promised to deliver AI-infused autonomous weapons quickly and economically...
The frantic rush to power and stand up AI data centers has spurred a range of speed hacks—from building AI tent cities, to firing up jet engines, to taking over abandoned industrial sites. What’s most surprising is all of the different ways the biggest AI data centers have improvised and scrounged to meet the staggering electricity demands of AI.Here are some of the more resourceful hacks...
Yvonne Gonzalez Rogers, the judge hearing Elon Musk’s lawsuit against OpenAI, has shown herself in other high profile tech cases—such as Epic Games’ lawsuit against Apple—to be unafraid to skewer arguments or testimony from witnesses in her courtroom.That was clear on Friday, in a hearing in the OpenAI case to determine whether an economist Musk’s lawyers have hired can submit his damages report...
Meta Platforms struck a deal to spend $27 billion on Nebius Group’s AI data centers over the next five years, the cloud provider announced Monday. It follows a $3 billion deal Meta struck with Nebius last November. In the latest deal, Dutch firm Nebius will supply Meta with $12 billion of ...
OpenAI has appointed new leaders to oversee its Stargate computing initiative after deciding to rent more AI servers from major cloud providers rather than build its own data centers, according to two people familiar with the changes.
As part of its reorganization, OpenAI has divided its computing effort into three groups: technical design of the data centers OpenAI uses, commercial partnerships...