Nvidia is once again showing how central it has become to the artificial intelligence boom. The company forecast second-quarter revenue of $91 billion, plus or minus 2 percent, beating Wall Street expectations of $86.84 billion. Alongside the strong outlook, Nvidia announced an $80 billion share buyback program and raised its quarterly cash dividend from 1 cent per share to 25 cents. Even with those major announcements, Nvidia’s shares slipped in extended trading, showing tha

SpaceX’s long-awaited IPO filing shows a company aiming to be much more than a rocket business. The company, founded by Elon Musk 24 years ago, is preparing to go public on the Nasdaq under the ticker “SPCX” in what could become the largest IPO ever. Reports suggest the offering could raise around $75 billion and value SpaceX at nearly $1.75 trillion to $2 trillion. For investors, the bet is not only on SpaceX’s current success with rockets and satellites, but also on Musk’s

Cisco is making a major shift toward artificial intelligence, even as it reports some of its strongest financial results in years. The networking technology giant announced that it is cutting nearly 4,000 jobs, representing less than 5% of its workforce, while also reporting record quarterly revenue and stronger-than-expected earnings. The move shows how major tech companies are increasingly restructuring around AI, even when their overall business performance remains strong.

The rapid expansion of artificial intelligence is reshaping the digital economy, but its physical footprint is beginning to strain resources in unexpected ways. Across the United States, the construction of AI focused data centers is accelerating at a pace that rivals traditional public infrastructure spending. While these facilities are essential for powering large scale AI systems, industry experts and analysts warn that their growth could come at the expense of long over

OpenAI is expanding its global infrastructure footprint with a major new partnership in Australia, teaming up with Brisbane based data centre operator NextDC to build a multibillion dollar AI campus in western Sydney. The agreement, structured around a memorandum of understanding and long term collaboration on planning, development, and operations, is designed to deliver the kind of compute capacity that advanced AI systems increasingly require as demand for high performan

Micron Technology’s decision to walk away from consumer memory is more than a brand change, it is a clear signal that artificial intelligence is reshaping the economics of making chips. Micron began in 1978 as a small design consultancy founded by Ward Parkinson, Joe Parkinson, Dennis Wilson, and Doug Pitman in Boise, Idaho, backed by local investors including J.R. Simplot. By 1983, the company was already punching above its weight by producing chips roughly half the size o

Brookfield Asset Management has unveiled a sweeping US$100-billion artificial intelligence infrastructure program that signals just how aggressively global investors are moving to support the next generation of AI technologies. Announced on Wednesday, the initiative is being launched in partnership with Nvidia and the Kuwait Investment Authority, bringing together one of the world’s leading investment managers, a dominant AI chipmaker, and a major sovereign wealth fund to acc

Artificial intelligence has driven a wave of massive infrastructure projects across Wisconsin, where major tech firms are investing billions to build sprawling data centers. These facilities, which power AI models and cloud computing, have become a symbol of both technological progress and growing concern. Supporters see them as engines of economic growth, while environmentalists and residents warn that their enormous energy and water demands threaten the state’s resources an

Microsoft has unveiled ambitious plans to invest $80 billion in AI-enabled data centers worldwide, with over half of this investment...

In a significant move to address the rapidly growing energy demands of artificial intelligence (AI) applications, Blackstone Inc. has...

Mark Zuckerberg’s Meta Platforms Inc., owner of popular social media platforms like Instagram, recently faced a significant setback in...

AI and blockchain technologies are making strides in revolutionizing key sectors such as decentralized finance (DeFi) and data centers,...

Xscape Photonics, a Silicon Valley-based startup focused on leveraging silicon photonics to revolutionize AI data centers, has announced...