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29 May 2026

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 stock surges as Leopold Aschenbrenner's fund takes $2.6 billion stake

Nebius Group shares jumped over 11% after Situational Awareness LP, run by former OpenAI employee Leopold Aschenbrenner, disclosed a 5.6% stake worth $2.6 billion. The investment marks a major vote of confidence in the AI infrastructure provider, which recently reported an eightfold revenue increase and raised its 2026 capital spending target to $25 billion.

3 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

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 files for IPO at $965B valuation, racing OpenAI and SpaceX to public markets

Anthropic has confidentially filed for an IPO at a $965 billion valuation, making it the most valuable AI startup ahead of OpenAI. The Claude maker just raised $65 billion and reports $47 billion in annualized revenue. But going public will force new discipline around pricing, profitability, and enterprise AI economics that could reshape the competitive landscape.

38 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

Bitcoin Miners Abandon Crypto for AI as $70 Billion in Contracts Reshape the Industry

Bitcoin mining companies are undergoing a dramatic transformation, pivoting from cryptocurrency production to AI and high-performance computing infrastructure. Firms like Hut 8, IREN, and Core Scientific have secured over $70 billion in AI-related contracts, with some miners expected to derive 70% of revenue from AI by end of 2026. The shift comes as mining costs soar and AI demand for power capacity creates new opportunities.

2 Sources

Anthropic opens Milan office, names Generali, Pirelli and Enel as Italian customers

Anthropic has formally opened its sixth European office in Milan, announcing a roster of Italian enterprise customers including Generali, Pirelli, and Enel. The AI startup plans to triple its international workforce as it accelerates European expansion, with the London office alone set to reach 800 employees.

2 Sources

Wix lays off 1,000 workers as AI capabilities and currency pressures force major restructuring

Website building company Wix is cutting 1,000 jobs—20% of its workforce—in its largest layoff ever. CEO Avishai Abrahami cited two main drivers: the strengthening Israeli shekel against the US dollar and the fast evolution of AI capabilities that's reshaping how software companies operate. The move comes as Wix's stock has plummeted more than 50% in 2026 following disappointing earnings.

4 Sources

Elon Musk contradicts SpaceX filing on Anthropic's AI compute lease duration

Elon Musk stated SpaceX's AI compute lease with Anthropic is only a 180-day agreement with mutual cancellation rights, directly contradicting the company's S-1 filing that describes it as a three-year deal worth $1.25 billion monthly through May 2029. The conflicting statements emerged during SpaceX's IPO quiet period, raising questions about the actual terms of this major compute deal.

6 Sources

HP beats Q2 earnings with 9% revenue growth as AI PC and Windows 11 refresh drive commercial demand

HP Inc. exceeded Wall Street expectations in its fiscal 2026 second quarter, reporting revenue of $14.4 billion and adjusted earnings of 86 cents per share. The PC maker's strong performance was fueled by a 13% surge in Personal Systems revenue, driven by commercial PC demand and the shift toward AI-capable hardware during the Windows 11 upgrade cycle.

2 Sources

27 May 2026

Snowflake commits $6B to AWS for Graviton CPUs as AI infrastructure spending accelerates

Cloud data storage company Snowflake has signed a $6 billion five-year commitment with Amazon Web Services, focusing on Graviton CPUs and AI accelerators. The deal represents a 2.4x increase from Snowflake's 2023 AWS agreement and signals the growing importance of CPU capacity for AI agents. Snowflake's stock surged 25-38% following the announcement and strong Q1 earnings.

12 Sources

Meta Launches Paid Subscription Plans for Facebook, Instagram, and WhatsApp with AI Tiers

Meta has introduced paid subscription plans across its core platforms—Instagram Plus, Facebook Plus, and WhatsApp Plus—priced between $2.99 and $3.99 per month. The company is also testing Meta AI subscription tiers at $7.99 and $19.99, alongside creator and business plans ranging from $14.99 to $49.99. This marks Meta's strategic shift to diversify revenue streams beyond advertising while keeping core services free.

5 Sources

India data center capacity set to triple by 2030 as AI adoption fuels $25 billion infrastructure boom

India's data center sector is experiencing explosive growth, with capacity expected to nearly triple from 1.6 GW in 2025 to 5 GW by 2030. AI adoption is driving deployment of up to 700,000 GPUs across the country, triggering $25 billion in infrastructure investments and a fresh wave of strategic land acquisitions. Hyperscale cloud operators and major tech companies are racing to secure power-ready land parcels as India emerges as Asia Pacific's most development-friendly market for digital infrastructure.

4 Sources

Jensen Huang Slams Executives Using AI as a Lazy Excuse for Layoffs

Nvidia CEO Jensen Huang criticized executives for blaming AI layoffs on automation, calling it a lazy excuse to sound smart. With AI driving 49,135 job cuts this year, Huang argues the real culprits are soaring costs, mismanagement, and over-hiring during the pandemic—not AI productivity gains that only recently emerged.

3 Sources

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