TeraWulf Seeks $3.5 Billion Debt to Expand AI-Focused Data Center in Kentucky
TeraWulf targets a $3.5 billion debt raise led by Morgan Stanley to finance its Kentucky data center leased long-term by AI firm Anthropic.
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Ubisoft Barcelona Begins Layoffs After Launch of Assassin’s Creed Black Flag Resynced
Ubisoft Barcelona has laid off 51 employees following the release of Assassin’s Creed Black Flag Resynced, as the studio shifts focus exclusively to the Rainbow Six franchise.
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Paradigm Expands Venture Fund to $1.2 Billion, Targeting Crypto, AI, and Robotics
Paradigm raised $1.2 billion for its latest fund, broadening its focus from crypto into AI and robotics to back cutting-edge technologies shaping the future.
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CNN Analyst Addresses Staff Concerns Amid Paramount-Warner Bros. Merger Uncertainty
CNN’s Brian Stelter describes internal staff reactions to the Paramount-Warner Bros. merger as varied and complex, emphasizing the organization’s ongoing stability under current leadership.
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Two Leading Groups Vie to Acquire Seahawks Franchise Ahead of NFL Season
Two prominent ownership groups have emerged as frontrunners in the bid to purchase the Seahawks, with a sale potentially closing before the upcoming NFL season.
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Microsoft’s Xbox Division Faces Major Restructuring Amid Wide-Ranging Layoffs and Studio Closures
Microsoft’s Xbox team has cut many jobs and closed multiple studios, reshaping the platform’s future and leaving veteran developers and iconic brands deeply impacted.
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AI Startup Lyzr Secures $100 Million Using Its Own AI Agent to Streamline Fundraising
Lyzr raised $100 million in a Series B round by leveraging its proprietary AI agent, which engaged investors, drafted key documents, and boosted investor interest to $400 million.
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Axos Financial Strengthens AI Capabilities with Arc Technologies Acquisition
Axos Financial plans to acquire Arc Technologies to expand AI-driven services and enhance support for small businesses nationwide, integrating cutting-edge financial tools.
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Veteran Bethesda Staff Cut Amid Xbox Layoffs, Raising Concerns Over Elder Scrolls VI Delays
Major layoffs at Bethesda Game Studios have removed long-time developers, sparking fears that The Elder Scrolls VI will face significant delays due to loss of experienced talent and reliance on contractors.
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Ollama Secures $65 Million to Expand Its Open-Source AI Developer Platform
Ollama, the largest AI platform for open models, raised $65 million in Series B funding to enhance its local and cloud-based developer tools and scale its user community.
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Apple Supplier Luxshare Launches Hong Kong’s Largest 2026 IPO Amid Initial Share Volatility
Shenzhen-based Apple partner Luxshare raised over HK$24 billion in Hong Kong’s biggest IPO this year, debuting with shares that slipped slightly after strong investor interest.
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Xbox Layoffs Leave id Tech Engine Team Nearly Defunct Amid Unreal Engine Rise
Microsoft's Xbox layoffs drastically cut id Software’s game engine team, raising questions about the future of id Tech as Unreal Engine’s dominance accelerates in the gaming industry.