Solstice and TensorX will jointly finance up to $1 billion to expand AI hardware and data centers, addressing the European Union’s growing demand for sovereign AI capabilities.
Micron’s quarterly revenue surged to an all-time high driven by AI demand, boosting chip stocks while investors await key inflation figures that could influence market trends.
AI startup Ornn raised $33 million to develop a transparent, commodity-like marketplace for buying and selling AI compute resources, aiming to solve pricing and supply challenges.
Kalshi’s CEO confirmed the company is considering an IPO but ruled out a public listing this year, highlighting efforts to address insider trading concerns.
Qualcomm is reportedly in early talks to provide custom chip design services to ByteDance, signaling its push beyond smartphones into broader chip and AI computing markets.
Live Nation disclosed that its CEO held direct talks with President Trump and White House officials during negotiations leading to a contentious antitrust settlement.
The $110 billion Paramount and Warner Bros. Discovery merger is expected to clear the EU’s antitrust review, with possible conditions to address monopoly concerns.
Shield AI finalized the acquisition of Aechelon Technology, gaining its synthetic reality tools to enhance AI-driven military and autonomous systems.
As companies channel billions into AI, CFOs emerge as key decision-makers managing access, budgets, and cost efficiency amid rapid AI adoption.
Oracle reduced its workforce by 13% as investment in AI and cloud infrastructure boosted revenue to a company record, highlighting AI’s dual impact on tech employment.
Prosper AI raised $30 million to expand its AI-driven platform that streamlines healthcare providers’ patient communications and administrative workflows.
Governor Gavin Newsom has raised nearly $14.5 million through related PACs following a DOJ probe, channeling funds into digital ads, staff salaries, a book tour, and political consulting.