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…
Abu Dhabi’s Adnoc Uses AI to Reduce Unplanned Shutdowns by Half
Abu Dhabi National Oil Co. has started to deploy artificial intelligence to vastly reduce sudden maintenance halts and…
Korea’s Kospi Extends Rally as AI Momentum Rises on Nvidia (NVDA) Ties
South Korea’s equity benchmark is building on its strongest monthly rally in over two decades, underscoring the market’s…
Private Credit’s Rising Pile of ‘Bad PIK’ Points to Default Woes
It was supposed to be a quick fix for a sudden problem in credit markets. Payment-in-kind debt, the…
Tokyo Electron Gives Cautious Outlook While Eyeing AI Capex Boom
Tokyo Electron Ltd. issued a cautious annual outlook, signaling that Beijing’s drive to build its own chip supply…
Nvidia (NVDA) Still Hopes to Sell Blackwell Chips to China, Huang Says
Nvidia Corp. Chief Executive Officer Jensen Huang still hopes to sell chips from the company’s Blackwell lineup to…
Meta Defies AI Spending Gloom With Its Record-Breaking Bond Sale
Meta Platforms Inc. found record-shattering demand for its bond sale on Thursday even as its shares plunged, in…
Musk’s Starlink Ties Up With UK’s VMO2 for Mobile ‘Not Spots’
Elon Musk’s Starlink struck its first UK telecom deal to bring satellite connectivity directly to customers’ phones. Customers…
Wall Street’s Love of AI Cost Cuts Sends C.H. Robinson Soaring
The nonstop enthusiasm for artificial intelligence is spilling into the transportation business, with shares of C.H. Robinson Worldwide…
Texas Backs Permian Gas Power Plant With $1.1 Billion Loan as AI Demand Soars
Texas is backing a proposed Permian Basin power plant fueled by natural gas with a $1.1 billion low-interest…
SK Chairman Projects Strong Demand for AI, Plays Down Fears of Spending Bubble
Chey Tae-won, the billionaire chairman of South Korea’s second-largest conglomerate, projected strong demand for artificial intelligence over the…
Canada Pension to Boost India Investments After Portfolio Surges to $22 Billion
Canada’s largest pension fund will further boost its investments in India, where it has tripled assets under management…