Nuclear Startup Fermi Invokes Manhattan Project in AI Race
US efforts to develop artificial intelligence systems and the nuclear-energy infrastructure needed to power them are comparable to…
Microsoft to Invest $10 Billion in AI Data Hub in Portugal
Microsoft Corp. will spend $10 billion on an artificial intelligence data center along the Portuguese coast, marking one…
Microsoft Eyes Longest Selloff Since 2011 as AI Trade Weakens
Microsoft Corp. is on track for its longest streak of daily losses in more than a decade as…
Ex-Banker Brothers Worth $850 Million After Microsoft AI Deal
For a few years, Daniel and Will Roberts’ Bitcoin-mining venture was a wild ride. The former Macquarie Group…
China’s AI Boom Fuels Rally in Power Stocks as Next Winner
Chinese power stocks are headed for their best week in years as investors bet on the surging energy…
Altman Says OpenAI Doesn’t Want a Government Bailout For AI
OpenAI Chief Executive Officer Sam Altman pushed back at the idea that the company would seek federal guarantees…
Qualcomm CEO Says the World Is Underestimating How Big AI Will Get
The promise of artificial intelligence has already upended the economy and added trillions of dollars in market value…
OpenAI CFO Says Bubble-Wary Market Needs More AI ‘Exuberance’
OpenAI Chief Financial Officer Sarah Friar suggested the market is overly focused on anxiety about a possible bubble…
Nebius Releases Platform to Run Open Models, Rivaling Microsoft
Nebius Group NV, an artificial intelligence cloud provider, is releasing a new product meant to offer access to…
Hamilton Lane to Manage Guardian Life’s $5 Billion PE Portfolio
Hamilton Lane Inc. will manage The Guardian Life Insurance Co. of America’s $5 billion buyout portfolio as part…
Canada to Start $36 Billion Building Fund as Carney Seeks Economic Growth
Canada is set to launch a C$50 billion ($35.5 billion) infrastructure fund to build projects in sectors such…
Microsoft Signs $9.7 Billion AI Cloud Deal With IREN
Microsoft Corp. has signed an approximately $9.7 billion deal to purchase AI cloud capacity from IREN Ltd., becoming…