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27 Jul 2026

Big Tech Debt Hits $1.65 Trillion as AI Infrastructure Spending Triggers Credit Concerns

Credit default swap prices for Oracle, Alphabet, Amazon, Meta and Nvidia have hit record highs as investors grow wary of massive AI infrastructure investments. Off-balance-sheet liabilities now total $1.65 trillion across five tech giants, exceeding their disclosed $1.35 trillion in official debt, raising questions about financial stability.

8 Sources

Greenhouse CEO warns of AI doom loop as job seekers spend $20 to spam applications

Greenhouse CEO Daniel Chait identifies an AI doom loop in hiring where job seekers use $20 AI tools to mass-apply to jobs while recruiters deploy AI to filter the flood. With 254 applicants per posting and applications per recruiter up 412%, both sides are stuck in a cycle that's making the hiring market worse for everyone.

2 Sources

CXMT shares surge 466% in blockbuster $8.6 billion IPO as China's memory chipmaker rides AI boom

ChangXin Memory Technologies became mainland China's most valuable company after its shares rocketed over 466% on debut, raising $8.6 billion in the country's biggest IPO since 2010. The DRAM memory chipmaker's meteoric rise reflects surging AI-driven demand, but faces challenges from U.S. export restrictions and geopolitical tensions.

10 Sources

Nvidia's $250 billion OpenAI backstop ignites debate over circular AI financing risks

Nvidia is negotiating a $250 billion financial guarantee to help OpenAI lease a massive data center in Ohio, potentially the largest AI infrastructure project ever. The deal has sent Nvidia's credit default swaps to record levels as investors question whether the chipmaker's pattern of backing its own customers creates systemic financial risks across the AI industry.

12 Sources

26 Jul 2026

Chinese AI models spark debate over US leadership as profitability questions loom

Moonshot AI's Kimi K3 launch has intensified debates about Chinese AI competitiveness and open versus proprietary models. While Chinese open-weight AI models match US frontier systems at lower costs, companies struggle with profitability. Goldman Sachs suggests labs may start charging licensing fees for model weights, potentially reshaping the economics of open AI.

16 Sources

Jensen Huang says AI boom won't bust soon, claims 'this time is different' for chip industry

Nvidia CEO Jensen Huang dismissed concerns about an imminent AI bust, claiming the current AI chip boom is fundamentally different from past semiconductor cycles. Speaking to Axios, he argued the surge is industrially driven rather than seasonal, requiring the semiconductor industry to expand five to tenfold over the next decade despite growing skepticism about massive capital expenditures.

4 Sources

25 Jul 2026

DeepSeek suspends second funding round after Liang Wenfeng's viral comments on AI rivalry

Chinese AI startup DeepSeek has paused its second fundraising round targeting at least 10 billion yuan after founder Liang Wenfeng's comments on US-China AI competition went viral online. The suspension comes weeks after the company closed a record $7 billion first round and as it prepares for a potential IPO this year.

6 Sources

Samsung and Broadcom forge $200 billion AI chip partnership to challenge TSMC's dominance

Samsung Electronics signed a $200 billion memorandum of understanding with Broadcom to supply AI chips, memory, and foundry services through 2030. The Samsung Broadcom partnership will leverage sub-2-nanometer manufacturing and advanced packaging to produce custom AI accelerators, strengthening Samsung's position against industry leader TSMC.

7 Sources

Nvidia and SK Group forge $500 billion AI partnership spanning data centers and memory chips

Nvidia has locked in a massive $500 billion partnership with South Korea's SK Group to secure high-bandwidth memory supply and build large-scale AI data centers. SK Telecom will construct a 2-gigawatt facility using Nvidia's Vera Rubin chips and SK Hynix's HBM4 memory, with operations starting in 2027. Separately, Nvidia is investing $1 billion in Naver to expand AI infrastructure in South Korea.

8 Sources

24 Jul 2026

Verizon secures $1 billion Google deal to power AI infrastructure with dark fiber network

Verizon signed a $1 billion+ dark fiber deal with Google to connect AI data centers across the US. CEO Dan Schulman called it the start of a broader push, expecting multiple billion-dollar AI infrastructure deals by year-end. The telecom giant is also converting central offices into small data centers for edge computing applications.

4 Sources

Anduril pursues $100B valuation funding round, tripling value in months as defense tech surges

Defense tech company Anduril is in talks to raise capital at a $100 billion valuation, more than tripling the $61 billion mark it achieved just months ago in May. The fundraise reflects surging demand for AI-powered defense technologies and autonomous systems as conflicts in the Middle East and Eastern Europe drive an unprecedented revival in the sector.

2 Sources

Midjourney acquires astrology app Co-Star as AI lab expands beyond image generation

Midjourney has acquired Co-Star, a social astrology app with 4.3 million monthly active users. The deal, which closed in spring, brings Co-Star founder Banu Guler on board as Midjourney's chief design officer. The AI lab plans to develop its first standalone app for image generation while expanding into unexpected territories including medical technology and wellness.

5 Sources

Sterlite Technologies Q1 FY27 Results: Profit Soars 870% as AI Data Centre Boom Drives Growth

Sterlite Technologies delivered its strongest quarterly performance with profit jumping 870% to Rs 197 crore in Q1 FY27. The Vedanta-backed firm secured a record order book of Rs 18,618 crore, driven by surging demand for optical connectivity products for AI data centres. CLSA upgraded the stock to 'Outperform' with a target of Rs 950, citing a 155% QoQ order book surge and the company's net debt-free balance sheet.

3 Sources

Fractal Analytics Q1 earnings show 92% profit surge, but shares fall on segment weakness

Fractal Analytics reported a 92% year-on-year jump in Q1 net profit to Rs 72.3 crore, driven by strong demand for enterprise AI services and margin expansion. Revenue grew 20% to Rs 912.5 crore, with healthcare and banking sectors leading growth. Despite the strong performance, shares fell nearly 6% as investors weighed structural weakness in the technology-media-telecom segment and the absence of formal guidance.

3 Sources

HCLTech invests $1.48 billion in AI data center with Sarvam AI, plans 5,000-seat tech hub

HCLTech announced a $1.48 billion investment to build its first AI data center at the Odisha Sovereign AI Park in partnership with Sarvam AI and the Odisha government. The facility will combine full-stack AI capabilities with foundation models to deliver sector-specific AI applications. Additionally, HCLTech will open a 5,000-employee technology center in Bhubaneswar by 2028, marking a significant expansion into India's AI infrastructure space.

6 Sources

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