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26 Feb 2026

OpenAI expands London office into largest research hub outside the US

ChatGPT maker OpenAI announced it will transform its London office into its biggest research hub outside the United States, targeting top talent from British universities. The expansion puts OpenAI in direct competition with Google DeepMind for researchers and signals Britain's growing role in global AI development.

4 Sources

Norway's $2.2 trillion wealth fund deploys AI to screen companies for ESG risks and avoid losses

Norway's sovereign wealth fund, the world's largest at $2.2 trillion, is using Anthropic's Claude AI model to screen investments for ESG risks including forced labor and corruption. The AI tools have already helped the fund identify and divest from problematic companies before broader market reactions, avoiding potential financial losses.

2 Sources

Nvidia pulls back from OpenAI investment as Jensen Huang cites IPO plans and complex dynamics

Nvidia CEO Jensen Huang announced the chipmaker won't pursue its planned $100 billion investment in OpenAI, citing the company's upcoming IPO. The decision follows a massive $110 billion funding round where Nvidia contributed just $30 billion. Industry observers point to circular investment dynamics, conflicted customer relationships, and recent geopolitical tensions as potential factors behind the strategic pullback.

52 Sources

Memory prices surge as AI demand triggers supply crisis, threatening budget devices worldwide

Memory prices continue their steep climb, with NAND flash wafer costs surging 25% in February alone and DDR5 RAM prices tripling since July 2025. The escalating demand from AI infrastructure has created a supply crisis that analysts warn could eliminate budget PCs and smartphones from the market, with prices shifting hourly as smaller firms struggle to compete.

8 Sources

Baidu reports third straight revenue decline as AI-first strategy struggles to gain traction

Baidu's revenue fell 4% to $4.8 billion in Q4 2025, marking three consecutive quarters of decline as China's search giant struggles in both advertising and AI. While the company invests heavily in AI Cloud and autonomous driving, it faces mounting pressure from Alibaba, Tencent, and DeepSeek. CEO Robin Li announced a $5 billion buyback and first-ever dividend to boost shareholder returns.

3 Sources

Nokia secures exclusive deal with Telefonica to power AI data centres across Spain

Nokia has won a multi-year contract with Telefonica to deploy AI-enabling networking solutions across 17 Edge data centers in Spain, with 12 already operational. The partnership positions Nokia as the exclusive provider for Telefonica's Edge network, supporting AI training, healthcare, education, and B2B services while tapping into Spain's rapidly expanding data centre market.

2 Sources

Snowflake product revenue forecast tops estimates as AI demand drives enterprise adoption

Snowflake projects fiscal 2027 product revenue of $5.66 billion, surpassing Wall Street estimates of $5.50 billion, as enterprises accelerate cloud workload migration and AI application development. The company signed its largest-ever deal worth over $400 million and reported fourth-quarter product revenue of $1.23 billion, up 30% year-over-year, with its Snowflake Intelligence platform now adopted by more than 2,500 customers.

2 Sources

Salesforce CEO Marc Benioff dismisses SaaSpocalypse fears as company bets big on AI agents

Salesforce reported strong Q4 results with $10.7 billion in revenue, up 13% year-over-year, as CEO Marc Benioff directly addressed investor fears about the so-called SaaSpocalypse. The company introduced Agentic Work Units to measure AI agent productivity, launched a $50 billion share buyback program, and presented an architectural vision positioning SaaS platforms above AI model providers in the technology stack.

8 Sources

25 Feb 2026

Hut 8 stock surges as earnings reveal aggressive AI pivot away from Bitcoin mining

Hut 8 shares climbed despite reporting a $2.63 per share loss in Q4, as investors focused on the company's strategic pivot to AI infrastructure. The miner secured a massive 15-year, $7 billion contract with Fluidstack backed by Google, signaling its shift from traditional Bitcoin mining to high-density data centers serving energy-intensive AI workloads.

2 Sources

Citigroup Forms Specialized AI Infrastructure Banking Team to Tap $3 Trillion Opportunity

Citigroup has assembled a dedicated AI Infrastructure Banking team to help finance the massive build-out of data centers and computing infrastructure. The bank estimates $3 trillion in capital will be needed by 2030 as Big Tech companies like Amazon, Meta, and Alphabet dramatically increase spending on AI infrastructure.

2 Sources

China targets 5x increase in advanced chip output to fuel AI ambitions despite equipment constraints

China's top chipmakers including SMIC and Hua Hong Semiconductor are racing to quintuple production of 7nm and 5nm chips within two years, aiming for 100,000 wafers monthly to meet surging AI demand. The ambitious expansion faces significant hurdles as export controls limit access to critical manufacturing equipment from Western suppliers.

2 Sources

Santander targets €1 billion annual boost from AI investments as it expands customer base to 210M

Santander unveils ambitious plans to generate over €1 billion in business value annually from artificial intelligence and data initiatives by 2028. The Spanish banking group aims to grow its customer base from 180 million to 210 million while implementing mandatory AI training for all employees and scaling AI copilots that already support 40% of contact center interactions.

2 Sources

Workday shares plunge 9% as weak guidance deepens AI disruption fears despite CEO's defense

Workday stock tumbled after the company issued soft financial guidance, extending its 40% decline in 2026. CEO Aneel Bhusri defended the HR and payroll software maker against existential AI threats, revealing that Anthropic, OpenAI, and Google all use Workday. But investors remain unconvinced as the company forecasts slower growth and analysts lower price targets.

3 Sources

Hyundai Motor Group commits $6.3 billion to build AI data center and robotics hub in South Korea

Hyundai Motor Group announced a massive 9 trillion won ($6.3 billion) investment in South Korea's Saemangeum area to build an AI data center equipped with 50,000 GPUs, a robot manufacturing factory, and hydrogen production facilities. The automaker is accelerating its transformation into a physical AI company amid mounting pressure from US tariffs and Chinese competition.

7 Sources

WiseTech Global cuts 2,000 jobs as AI ends manual coding era in logistics software

Australian logistics software firm WiseTech Global announced it will eliminate 2,000 jobs over two years as part of an AI-driven restructuring. CEO Zubin Appoo declared the era of manual coding over, citing automation and efficiency gains. The cuts affect 29% of the global workforce, prompting union demands for urgent consultation.

8 Sources

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