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09 Feb 2026

Databricks closes $7 billion financing round at $134 billion valuation, bets on AI agents

Databricks announced completion of a $7 billion investment round at a $134 billion valuation, marking a 34% jump from its September funding. The data and AI platform company reported surpassing a $5.4 billion revenue run rate with over 65% year-over-year growth, driven by surging demand for its AI products which now generate $1.4 billion in annualized recurring revenue.

4 Sources

Bitcoin Miner Cango Sells $305M in BTC to Fund Strategic Pivot Into AI Computing

Publicly traded Bitcoin miner Cango has offloaded 4,451 BTC worth approximately $305 million to fuel its expansion into AI and high-performance computing. The Dallas-based firm used proceeds to repay a Bitcoin-collateralized loan while securing an additional $65 million capital infusion from directors. Despite shares falling 62% over six months, Cango plans to maintain Bitcoin mining operations alongside its new AI infrastructure business.

3 Sources

Apollo Global Management nears $3.4 billion loan to fund AI chips for Elon Musk's xAI

Apollo Global Management is finalizing a $3.4 billion loan to an investment vehicle that will purchase Nvidia chips and lease them to Elon Musk's xAI. The deal, arranged by Valor Equity Partners, could close this week and marks Apollo's second major chip-leasing investment in xAI, following a $3.5 billion loan in November.

3 Sources

Big Tech's $660 Billion AI Boom Gamble: Why Amazon and Meta Are Spending More Than They Earn

Amazon, Meta, and Alphabet are spending more than they generate in operating cash flow for the first time, pouring $660 billion into AI infrastructure. The companies are borrowing hundreds of billions and draining cash reserves to build data centers and chips, abandoning their asset-light business model in a high-stakes bet that AI demand will justify the costs.

2 Sources

STMicroelectronics lands multi-billion dollar AWS deal to power AI data centers

STMicroelectronics announced a multi-year, multi-billion dollar strategic partnership with AWS to supply advanced semiconductors for next-generation AI data centers. The Franco-Italian chipmaker will provide high-bandwidth connectivity chips and power management solutions for hyperscale operations. AWS received warrants to acquire up to 24.8 million STMicro shares at $28.38, vesting based on product payments over seven years.

4 Sources

Firmus Secures $10 Billion from Blackstone to Build Australia's AI Infrastructure Empire

Australian artificial intelligence infrastructure developer Firmus has finalized a $10 billion debt funding package led by Blackstone and Coatue Management to expand its AI training and inference data centers. The company is awaiting a $2 billion computer order from Nvidia and is close to securing Meta as a major customer, positioning Australia as a potential AI export hub.

2 Sources

Montage Technology soars 50% in Hong Kong debut after $902 million AI chip IPO

Chinese chip designer Montage Technology surged over 50% in its Hong Kong stock market debut after raising $902 million at the top of its pricing range. The world's largest memory interconnect chip supplier attracted strong investor interest, with retail orders oversubscribed more than 700 times, signaling renewed appetite for AI-related IPOs despite broader market volatility.

2 Sources

08 Feb 2026

Elon Musk merges SpaceX with xAI to build AI data centers in space, creating $1.25 trillion entity

Elon Musk announced the merger of SpaceX and xAI, creating a $1.25 trillion tech conglomerate that aims to launch satellite data centers in space. The deal values SpaceX at $1 trillion and xAI at $250 billion, with an IPO expected in June. While Musk claims space-based AI compute will become the lowest-cost option within two to three years, experts question the technological feasibility and timeline of launching up to a million satellites to serve as orbital data centers.

4 Sources

07 Feb 2026

Big Tech races to nuclear energy for AI data centers, but massive hurdles loom ahead

Meta, Microsoft, Google, and Amazon are betting billions on nuclear energy to power their AI data centers, partnering with Bill Gates' TerraPower and Sam Altman-backed Oklo. But experts warn of significant challenges: construction timelines stretching into the 2030s, costs in the billions, and unproven small modular reactor technology that has yet to deliver at scale.

2 Sources

Anthropic raises $30 billion in Series G, doubling valuation to $380 billion as AI race heats up

Anthropic has closed a massive $30 billion Series G funding round, more than doubling its valuation to $380 billion. The artificial intelligence startup, backed by GIC and Coatue, is accelerating its competition with OpenAI while its Claude Code model drives enterprise adoption. With a revenue run rate now at $14 billion and growing 10x annually, Anthropic faces mounting questions about profitability amid heavy infrastructure spending.

33 Sources

06 Feb 2026

Williams Companies explores gas-producing assets to secure AI energy supply for hyperscalers

Williams Companies is considering acquiring natural gas production assets in the U.S., marking a rare move for an energy infrastructure operator. The Tulsa-based firm aims to position itself as a single energy partner to hyperscalers and AI data centers, offering an integrated solution from gas production through power generation as demand for AI infrastructure surges.

2 Sources

Bloom Energy stock surges 400% as AI data centers scramble for faster power solutions

Bloom Energy has emerged from decades of controversy to become a major winner in the AI boom, with its stock surging over 400% in the past year. The company's fuel cells deliver on-site power to data centers in months rather than years, attracting every major hyperscaler. With record revenue of $2.02 billion and a $20 billion backlog, Bloom is betting on AI's insatiable electricity demands.

2 Sources

India's AI data centers promise internet era-type job boom, but IMF warns of 40% displacement

Nvidia CEO Jensen Huang claims AI infrastructure will create massive employment across construction, operations, and innovation in India. With $200 billion in expected data center investments and tax holidays until 2047, tech giants are betting big. But the IMF warns AI could disrupt 40% of jobs, creating tension between physical infrastructure optimism and automation reality.

3 Sources

Semiconductor sales set to hit $1 trillion in 2026 as AI demand fuels historic industry growth

The semiconductor industry reached $791.7 billion in sales in 2025, marking a 25.6% year-over-year increase, and is projected to cross the $1 trillion milestone in 2026. The Semiconductor Industry Association attributes this growth to surging demand for AI infrastructure, including advanced computing chips and memory products, as tech firms invest heavily in building data centers for artificial intelligence.

3 Sources

Wistron Chairman Dismisses AI Bubble Fears, Projects Strong Growth Through 2027

Simon Lin, chairman of Taiwanese electronics manufacturer Wistron, firmly rejects claims that AI is a bubble, stating that a new AI era is arriving. The Nvidia supplier reports strong order growth extending into 2027, with U.S. manufacturing facilities set to begin volume production in early 2025 to support Nvidia's $500 billion AI server expansion plan.

3 Sources

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