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SoftBank plans battery production at Osaka factory to power its own AI data centers

SoftBank Group's mobile unit is transforming part of its Osaka factory into one of Japan's largest battery production facilities to support AI data centers. The plant, with several gigawatt hours capacity, aims to go online within five years and initially serve SoftBank's infrastructure before expanding to other Japanese companies.

2 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

Yesterday

Intel stock surges 15% as AI infrastructure boom drives strong revenue forecast for data centers

Intel delivered blowout first-quarter results with revenue of $13.6 billion, crushing Wall Street expectations by over $1 billion. The chipmaker's stock jumped 15% in after-hours trading as CEO Lip-Bu Tan's revival plan shows clear payoff from surging demand for central processing units in AI data centers. Intel forecast second-quarter revenue between $13.8 billion and $14.8 billion, well above analyst estimates.

8 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

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 surpasses OpenAI with $1 trillion secondary market valuation amid investor frenzy

Anthropic has reached a $1 trillion implied valuation on secondary share trading platforms, overtaking OpenAI's $880 billion for the first time. The surge comes just three months after the company's $380 billion primary fundraising round, driven by explosive revenue growth and intense investor demand for Claude AI shares.

3 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

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

SpaceX reveals plans to manufacture its own GPUs as chip supply concerns escalate

SpaceX has disclosed plans to manufacture its own GPUs in excerpts from its S-1 filing ahead of a $1.75 trillion IPO expected this summer. The aerospace company warns investors about chip supply constraints and substantial capital expenditures needed for in-house production, as it lacks long-term contracts with many direct chip suppliers.

9 Sources

SoftBank seeks $10 billion margin loan backed by OpenAI shares as AI bet intensifies

SoftBank is pursuing a $10 billion margin loan secured by its OpenAI stake, marking another aggressive move in its AI expansion strategy. The two-year loan comes despite S&P downgrading the Japanese conglomerate's credit outlook to negative, citing concerns over liquidity and asset quality from its massive OpenAI investments.

5 Sources

Microsoft commits $18 billion to expand Australia AI infrastructure and train 3 million workers

Microsoft announced its largest-ever investment in Australia, pledging A$25 billion ($18 billion) by 2029 to expand Azure AI supercomputing capacity by 140%. CEO Satya Nadella signed a memorandum with Prime Minister Anthony Albanese, committing to train 3 million Australians in AI skills, enhance cybersecurity through the ASD Cyber-Shield program, and collaborate with the Australian AI Safety Institute.

10 Sources

Tesla raises capital expenditure to $25 billion, tripling spending for AI and robotics push

Tesla announced a massive $25 billion capital expenditure plan for 2026, nearly triple its previous annual spend of $8.5 billion in 2025. CEO Elon Musk is betting big on transforming Tesla into an AI and robotics company, with investments targeting robotaxi operations, Optimus humanoid robot production, and semiconductor chip design. The spending surge will push Tesla into negative free cash flow for the rest of the year.

7 Sources

SK Hynix posts record $25.4 billion profit as AI boom drives memory chip prices to new heights

SK Hynix reported a five-fold jump in quarterly profit to a record $25.4 billion, driven by soaring memory prices and surging demand for high-bandwidth memory chips used in AI data centers. The Nvidia supplier plans significant capital spending increases to expand production capacity, while executives highlight a structural shift in the memory sector that could extend the upcycle through 2028.

10 Sources

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