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15 Nov 2025

Leaked Documents Reveal OpenAI's Massive Compute Costs May Exceed Revenue

Leaked financial documents show OpenAI paid Microsoft $866 million in the first three quarters of 2025, while inference costs soared to $8.65 billion, raising questions about the company's profitability and the broader AI industry's financial sustainability.

2 Sources

Nvidia Reports Record $57B Revenue as CEO Dismisses AI Bubble Concerns

Nvidia delivered record-breaking Q3 results with $57 billion in revenue, driven by unprecedented demand for AI chips. CEO Jensen Huang dismissed AI bubble concerns while the company projects continued growth with $65 billion forecasted for Q4.

84 Sources

AI Data Center Boom Sparks Electricity Grid Crisis and Consumer Cost Concerns

Utilities are forecasting dramatic electricity demand increases to power AI data centers, but regulators question whether these projections are based on speculative projects that may never materialize, potentially leaving consumers to pay billions for unnecessary infrastructure.

4 Sources

Google Announces $40 Billion Texas Investment to Expand AI Data Center Infrastructure

Google commits to its largest single-state investment, building three new data centers in Texas through 2027 to support AI and cloud operations. The investment includes workforce training and renewable energy initiatives.

8 Sources

14 Nov 2025

Thinking Machines Lab Seeks $50-60 Billion Valuation in New Funding Round

Former OpenAI CTO Mira Murati's AI startup Thinking Machines Lab is in early talks for a funding round that could quadruple its valuation to $50-60 billion, less than a year after launch. The company has already released its first product, Tinker, an API for model training and fine-tuning.

2 Sources

Chinese AI Startup Accesses 2,300 Banned Nvidia Blackwell GPUs Through Indonesian Cloud Loophole

A Shanghai-based AI startup successfully obtained access to restricted Nvidia Blackwell GPUs by renting compute power from an Indonesian telecommunications company, exploiting a legal loophole in U.S. export controls.

2 Sources

AI Data Scrapers Threaten Website Revenues as Publishers Fight Back with New Protection Tools

Major tech companies' AI crawlers are harvesting web content without permission, disrupting the traditional internet economy and forcing publishers to deploy new blocking and monetization tools to protect their revenues.

2 Sources

Reliance Industries Announces 1 GW AI Data Center Investment in Andhra Pradesh

Reliance Industries is establishing a massive 1 GW AI data center in Andhra Pradesh, powered by a 6 GW solar project, marking the second major tech investment in the state after Google's $15 billion commitment.

3 Sources

Michael Burry Shuts Down Hedge Fund, Warns of AI Bubble and Accounting 'Fraud'

The investor famous for predicting the 2008 housing crisis closes his hedge fund while taking short positions against AI giants like Nvidia and Palantir, claiming companies are manipulating depreciation schedules to inflate earnings.

2 Sources

Tech Giants Split as White House Opposes AI Chip Export Restrictions on Nvidia

The White House is opposing the GAIN AI Act that would restrict Nvidia's AI chip exports to China, while Amazon and Microsoft support the legislation. The bill would require chipmakers to prioritize US customers before exporting to countries of concern.

6 Sources

Exowatt Raises $50M to Power AI Data Centers with Solar-Heated Rock Technology

Sam Altman-backed Exowatt secured $50 million in Series A extension funding to scale its solar-thermal energy technology that uses heated rocks to provide 24/7 power to AI data centers at potentially one cent per kilowatt-hour.

2 Sources

Federal Judge Allows Elon Musk's Antitrust Lawsuit Against Apple and OpenAI to Proceed

A Texas federal judge denied Apple and OpenAI's motion to dismiss Elon Musk's xAI lawsuit, which alleges the companies conspired to monopolize smartphone and AI chatbot markets through their exclusive ChatGPT integration.

8 Sources

Bitfarms Abandons Bitcoin Mining for AI Infrastructure in Major Industry Pivot

Major Bitcoin mining company Bitfarms announces complete exit from cryptocurrency mining by 2027, converting its 341MW infrastructure to AI data centers following $46 million quarterly losses. The move reflects broader industry trend as miners seek more profitable AI opportunities.

6 Sources

Alembic Technologies Raises $145M to Build World's Fastest Private Supercomputer for Causal AI

San Francisco-based Alembic Technologies secured $145 million in Series B funding at a 13x valuation increase, investing heavily in an Nvidia NVL72 superPOD to power enterprise causal AI models that identify cause-and-effect relationships rather than correlations.

2 Sources

13 Nov 2025

Baidu Launches ERNIE 5.0 AI Model, Claims Performance Edge Over GPT-5 and Gemini 2.5 Pro

Chinese tech giant Baidu unveils its proprietary ERNIE 5.0 foundation model at Baidu World 2025, featuring native multimodal capabilities and claiming superior performance over Western competitors in document understanding and visual tasks. The company also announces global expansion plans for its AI products.

3 Sources

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