Homechevron_rightArchiveschevron_rightBusiness and Economy

Archives

Explore Stories by Date

Yesterday

SoftBank commits €75 billion to build AI data centers in France, Europe's largest AI investment

SoftBank founder Masayoshi Son announced a €75 billion investment to establish 5 gigawatts of AI data center capacity across France, with the first phase delivering 3.1 gigawatts by 2031. The deal, sealed through direct diplomacy between Son and President Emmanuel Macron, positions France as a leading European hub for AI infrastructure and marks SoftBank's biggest AI commitment in Europe.

4 Sources

29 May 2026

IBM commits $15bn to quantum computing and cybersecurity in massive five-year investment plan

IBM revealed plans to invest $10bn in quantum computing over the next five years, targeting delivery of the first large-scale fault-tolerant quantum computer by 2029. The company is also committing $5bn to Project Lightwell, a cybersecurity initiative with Red Hat to secure open-source software, bringing total investments to $15bn as it positions itself for the next major technology shift.

2 Sources

Nvidia Invests $6.5 Billion in Photonics to Solve Major AI Bottleneck with Light-Based Data Transfer

Nvidia has committed $6.5 billion to photonics companies since March, betting on light-based data transmission to replace copper wiring in AI infrastructure. The investments target Coherent, Lumentum, Marvell, Corning, and Ayar Labs as the chip giant races to solve bandwidth and energy constraints that threaten to slow AI progress. Copper wiring is reaching its physical limits just as AI training clusters demand exponentially more speed.

3 Sources

UiPath swings to profit on agentic AI momentum, but investors remain cautious on guidance

UiPath returned to profitability in Q1 with $418.4 million in revenue, up 17% year-over-year, driven by strong demand for agentic AI and orchestration tools. CEO Daniel Dines argues that deterministic automation remains essential alongside AI agents, citing architectural and economic advantages. Despite the progress, investors reacted negatively to modest forward guidance, sending shares down 3%.

2 Sources

Foxconn bets on AI servers as cloud spending heads toward $1 trillion milestone

Taiwan's Foxconn reports surging confidence in its AI-driven growth as cloud service providers' capital expenditure approaches $1 trillion. The world's largest electronics manufacturer is ramping up AI server production and pushing into next-generation optical technology, with shares jumping nearly 10% on optimistic forecasts from Chairman Young Liu.

3 Sources

Ambarella and Hanwha forge $800M edge AI partnership spanning video security and robotics

Ambarella has signed a long-term strategic partnership with Hanwha Group valued at over $800 million across more than ten years. The agreement focuses on co-developing edge AI systems-on-chip and software for video security, robotics, industrial automation, and life sciences applications, marking one of Ambarella's largest partnerships to date.

2 Sources

Apollo and Blackstone arrange $36 billion debt deal to fund Anthropic's AI chip expansion

Apollo Global Management and Blackstone are orchestrating a $36 billion debt financing package for Anthropic to acquire Google's tensor processing units through a special-purpose vehicle. Broadcom is providing payment guarantees on roughly $31 billion of the senior debt, effectively underwriting demand for its own chips in one of the largest private credit transactions ever assembled around AI infrastructure.

3 Sources

Morgan Stanley doubles forecast: European banks could shed 20% of jobs to AI by 2030

Morgan Stanley has doubled its projection for AI-driven job losses across European banks, now estimating 20% of total banking employment—roughly 400,000 jobs—could be eliminated by 2030. The revised May forecast is twice the bank's January figure of 10%, with workforce cuts already underway at HSBC, ABN Amro, and UBS as generative AI tools accelerate productivity gains in back-office, risk, and compliance workflows.

2 Sources

Dell shares soar 39% as AI server demand drives fastest sales growth since 2018

Dell Technologies Inc. reported its fastest revenue growth since returning to public markets in 2018, with sales jumping 88% year-over-year to $43.84 billion. The surge was driven by explosive AI server demand, with AI server revenue reaching $16.1 billion, up 757% from a year earlier. Dell shares climbed 39% in extended trading as the company raised its full-year AI server sales outlook to $60 billion.

7 Sources

Nebius Group shares surge 11% as former OpenAI researcher Leopold Aschenbrenner takes major stake

Nebius Group shares climbed over 10% in premarket trading after Situational Awareness, an investment firm run by former OpenAI researcher Leopold Aschenbrenner, disclosed a 5.6% stake worth nearly $2.6 billion. The investment marks a significant vote of confidence in the AI infrastructure market as Nebius reported an eightfold rise in quarterly revenue.

2 Sources

Sprinklr acquires ViralMoment's video intelligence assets to boost AI analytics capabilities

Sprinklr announced the acquisition of ViralMoment's video intelligence assets, adding frame-by-frame video and image analysis to its customer experience management platform. The technology analyzes social media video content across visuals, audio, and text to detect trends and customer sentiment, serving 1,600 enterprises including 59% of the Fortune 100.

2 Sources

28 May 2026

Asana acquires Stack AI for $75M, betting its future on AI agents working alongside humans

Asana has acquired no-code AI agent builder Stack AI for $75 million, marking its first acquisition in 18 years. The deal positions Asana as a platform for managing AI agents alongside human workers, addressing intense market pressure on seat-based SaaS models. The announcement coincided with a Q1 earnings beat that sent shares up 13%, though the stock remains down 53% year-to-date.

5 Sources

Elon Musk defends xAI ambitions as IPO filing reveals $6.4 billion loss and rival deal

Elon Musk is defending his AI venture xAI amid mounting concerns after SpaceX's IPO filing revealed the company is renting its Colossus supercomputing facilities to rival Anthropic for $1.25 billion per month. The disclosure shows xAI posted a $6.4 billion operating loss on $3.2 billion revenue, while losing over 50 researchers and engineers since February.

2 Sources

Anthropic overtakes OpenAI as most valuable AI startup with $965 billion valuation

Anthropic has raised $65 billion in Series H funding, pushing its valuation to $965 billion and making it the most valuable privately held AI company. The announcement puts Anthropic ahead of rival OpenAI, which was valued at $852 billion in March. With a $47 billion revenue run rate driven by enterprise adoption of Claude Code, Anthropic is positioning itself for a potential IPO later this year.

23 Sources

Iren secures $3.6 billion to supply Nvidia GPUs for Microsoft's Texas AI data center

Australian data center operator Iren borrows billions through bond sales and project finance loans to purchase Nvidia graphics processing units. The high-performance computing resources will support Microsoft's AI model training operations at a Texas facility, marking a significant expansion in AI infrastructure investment.

2 Sources

Get all updates into your inbox 💌, Stay Up-to-date for Free 🥳

Don’t drown in AI news. We cut through the noise - filtering, ranking and summarizing the most important AI news, breakthroughs and research daily. Spend less time searching for the latest in AI and get straight to action.

The Outpost

News

Tech Powerhouse

AI Tools

About Us Privacy Terms Content