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Oracle data center secures $16 billion financing after months of Wall Street negotiations

Related Digital has closed a $16 billion financing package for Oracle's massive data center campus in Michigan, designed to power applications for OpenAI. The deal wrapped after months of stop-and-start negotiations, with Pimco purchasing $10 billion of the bonds. The financing highlights how Big Tech's debt-fueled AI expansion is facing increased scrutiny from Wall Street investors.

3 Sources

Yesterday

Oracle's $14bn AI data centre bond faces pushback as investors demand higher yields amid debt worries

Investors are demanding premium yields on a $14 billion bond offering backing Oracle's Michigan AI data centre project. The pushback reflects growing Wall Street concerns over massive AI-related debt flooding markets, with Oracle facing over $100 billion in additional funding needs through 2028 as part of its $300 billion OpenAI agreement.

2 Sources

Cohere and Aleph Alpha merge to create $20 billion transatlantic AI powerhouse

Canadian AI company Cohere is acquiring German AI startup Aleph Alpha in a deal valuing the combined entity at $20 billion. Backed by both governments, the merger aims to offer businesses and nations a sovereign AI alternative to Silicon Valley dominance, with Schwarz Group committing $600 million in fresh investment.

12 Sources

SoftBank plans to manufacture batteries for AI data centers at converted Osaka factory

SoftBank is transforming part of its former Sharp LCD factory in Osaka into one of Japan's largest battery production facilities to power its own AI data centers. The mobile unit aims to bring production online within five years, initially supporting its infrastructure before offering batteries to other Japanese companies. The move completes a vertical integration strategy spanning chips, data centers, and energy storage.

3 Sources

SAP cloud growth beats estimates as Europe's software giant doubles down on AI integration

SAP delivered solid first-quarter earnings with cloud revenue hitting €5.96 billion, surpassing analyst expectations despite broader software industry turbulence. The German enterprise software maker is betting heavily on Business AI and consumption-based pricing models, even as its stock faces pressure from fears that AI agents could disrupt traditional software subscriptions.

2 Sources

23 Apr 2026

Intel bets on AI inference to restore CPUs to center of compute as Q1 revenue beats expectations

Intel reported Q1 revenue of $13.6 billion, beating Wall Street expectations by over $1 billion as demand for CPUs in AI inference workloads surges. CEO Lip-Bu Tan says the shift from training to inference is changing the CPU-to-GPU ratio, with agentic AI potentially flipping it entirely. The company's share price jumped over 20% in after-hours trading, approaching record highs not seen since the dotcom era.

22 Sources

Microsoft launches first-ever voluntary buyout as AI spending hits $80 billion

Microsoft is offering voluntary redundancy to approximately 7% of its US workforce in an unprecedented move for the 51-year-old tech giant. The program targets long-serving employees as the company redirects resources toward artificial intelligence infrastructure, having committed over $80 billion to AI data centers while grappling with concerns about commercializing its massive AI investment.

4 Sources

Elon Musk and Sam Altman head to court as OpenAI trial begins with $134 billion at stake

The bitter legal battle between Elon Musk and Sam Altman reaches trial on April 27 in Oakland, California. Musk alleges OpenAI abandoned its nonprofit mission when it restructured as a for-profit entity backed by Microsoft. With $134 billion in damages sought and both companies eyeing IPOs, the case could reshape the AI industry while exposing internal tech gossip and corporate drama.

13 Sources

Applied Digital locks $7.5 billion AI data center lease with unnamed US hyperscaler

Applied Digital signed a 15-year, $7.5 billion lease agreement with an undisclosed US hyperscaler for 300 megawatts of computing capacity at its Delta Forge 1 campus. The deal pushes total contracted lease revenue past $23 billion and marks the company's second investment-grade hyperscaler tenant, strengthening its position as a data center provider for AI workloads.

5 Sources

Anthropic surges to $1 trillion on secondary markets, surpassing OpenAI for the first time

Anthropic has reached a $1 trillion implied valuation on secondary share trading platforms, overtaking OpenAI's $880 billion just three months after its primary funding round valued it at $380 billion. The surge reflects intense investor demand driven by strong revenue growth and enterprise adoption of its AI products, particularly Claude Code.

4 Sources

Tesla acquisition of unnamed AI hardware company for $2 billion buried in SEC filing

Tesla quietly revealed a $2 billion deal to acquire an unnamed AI hardware company, disclosed in a single sentence within its Q1 2026 SEC filing. The deal structure ties $1.8 billion to performance milestones, suggesting Tesla is betting on unproven technology while using stock incentives to retain engineering talent as Elon Musk pivots his business empire toward an AI-driven future.

3 Sources

Cloudsmith Secures $72M Series C as AI Coding Agents Outpace Human Code Review

Belfast-based Cloudsmith raised $72 million in Series C funding led by TCV, with Insight Partners participating. The investment comes just 13 months after its $23 million Series B, as enterprises struggle to manage the unprecedented volume of software generated by AI coding agents. The company's artifact management platform is positioning itself as the critical security layer when human review can no longer keep pace.

4 Sources

Anthropic seeks six-figure London hire to negotiate European data center deals for AI expansion

Anthropic is recruiting a Transaction Principal in London with salaries up to £270,000 to secure data center capacity across Europe. The move signals the AI company's aggressive push into European markets, following over $100 billion in commitments to Amazon Web Services and major deals with Broadcom for compute capacity.

3 Sources

Europe risks falling behind US, China as AI data centre infrastructure lags, warns Nokia CEO

Nokia CEO Justin Hotard warns that Europe lacks the critical infrastructure needed for AI data centres and isn't investing enough to compete with the United States and China. With data centers' electricity consumption expected to surge and regulatory hurdles slowing expansion, businesses and developers may relocate to regions with better AI infrastructure.

3 Sources

Nokia earnings beat estimates as artificial intelligence and cloud demand fuel data center pivot

Nokia reported first-quarter adjusted operating profit of €281 million, surpassing analyst expectations of €244 million. The Finnish telecom giant's strategic shift toward connecting AI data centers and serving cloud customers is paying off, with AI and cloud sales surging 49% year-over-year. The company now expects its AI and cloud addressable market to grow at a 27% compounded annual growth rate through 2028.

2 Sources

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