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Oracle data center secures $16 billion financing after months of investor pushback

Data center developer Related Digital is finalizing $16 billion in financing for a massive Oracle data center in Michigan, designed to power applications for OpenAI. The protracted negotiations reveal growing Wall Street concerns about Big Tech's debt-fueled AI splurge, with Blackstone cutting its equity investment by half and lenders demanding stricter lease terms before committing funds.

Business3 sources

Oracle data center secures $16 billion financing after months of investor pushback

Business3 sources

Oracle cuts thousands of jobs to fund AI data centers as stock rises amid restructuring push

Oracle has begun mass layoffs affecting an estimated 10,000 employees across multiple divisions as it redirects resources toward AI investments and data center infrastructure. The company's stock rose 2.6% in premarket trading following the announcement, even as affected workers received termination notices. The cuts are part of a broader restructuring plan valued at $2.1 billion.

Business23 sources

Oracle cuts thousands of jobs to fund AI data centers as stock rises amid restructuring push

Business23 sources

TSMC's chip capacity booked through 2028 as AI demand opens door for Samsung Electronics

TSMC's advanced manufacturing capacity is completely reserved through 2028, with major clients like Nvidia and Apple securing all 2-nanometer slots. The supply crunch driven by AI workloads has created a rare opening for Samsung Electronics, the only other chipmaker with 2nm capabilities, to capture market share in the intensifying chip race.

Business3 sources

TSMC's chip capacity booked through 2028 as AI demand opens door for Samsung Electronics

Business3 sources

Meta skyrockets El Paso data center investment to $10 billion as AI infrastructure race intensifies

Meta Platforms Inc. has increased its investment in an El Paso, Texas AI data center from $1.5 billion to $10 billion, marking a more than sixfold jump. The facility aims to reach one gigawatt capacity by 2028 and will create 300 permanent jobs. This massive escalation reflects the intense competition among tech giants to build infrastructure for artificial intelligence amid soaring demand for computing power.

Business4 sources

Meta skyrockets El Paso data center investment to $10 billion as AI infrastructure race intensifies

Business4 sources

SK hynix targets $14B US IPO to fuel AI memory chip production and end RAMmageddon crisis

South Korean memory chip giant SK hynix has confidentially filed for a US IPO that could raise up to $14 billion in the second half of 2026. The company seeks to close a valuation gap with global peers while funding massive capital investments to meet surging demand for high-bandwidth memory chips that power AI systems. The move comes as the industry grapples with RAMmageddon, a critical memory shortage expected to persist until 2027.

Business4 sources

SK hynix targets $14B US IPO to fuel AI memory chip production and end RAMmageddon crisis

Business4 sources

Jensen Huang claims Nvidia achieved AGI, then immediately walks back the bold statement

Nvidia CEO Jensen Huang declared on the Lex Fridman podcast that artificial general intelligence has arrived, sparking intense debate across the tech industry. But within the same conversation, Huang conceded that AI agents have a zero percent chance of building a company like Nvidia, revealing the tension between AGI hype and current AI capabilities.

Technology12 sources

Jensen Huang claims Nvidia achieved AGI, then immediately walks back the bold statement

Technology12 sources

OpenAI explores major fusion energy deal with Helion as Altman steps down from board

OpenAI is in advanced talks with Helion Energy to secure fusion power, potentially accessing 5 gigawatts by 2030 and scaling to 50 gigawatts by 2035. Sam Altman has stepped down from Helion's board to avoid conflicts as the companies explore working together at significant scale, highlighting the tech industry's race to lock in energy for AI's growing power demands.

Business7 sources

OpenAI explores major fusion energy deal with Helion as Altman steps down from board

Business7 sources

Nebius secures $4.3 billion to fuel AI infrastructure expansion amid tech giant deals

European AI infrastructure firm Nebius closed a $4.34 billion convertible debt funding round, positioning itself as well-funded for the AI race with capital spending plans of $16-20 billion by 2026. The financing follows major deals with Meta worth up to $27 billion and a $2 billion share warrant sale to Nvidia, highlighting strong investor appetite for AI infrastructure.

Business2 sources

Nebius secures $4.3 billion to fuel AI infrastructure expansion amid tech giant deals

Business2 sources

BlackRock's Larry Fink warns AI boom risks exacerbating wealth inequality for millions

BlackRock CEO Larry Fink used his annual shareholder letter to warn that AI threatens to intensify wealth inequality, with gains concentrated among companies and investors who financed the industry's growth. The $14 trillion asset manager chief called for broader participation in capital markets to ensure more people share in AI's economic value.

Business3 sources

BlackRock's Larry Fink warns AI boom risks exacerbating wealth inequality for millions

Business3 sources

Micron Technology beats estimates as AI boom fuels unprecedented demand for memory chips

Micron Technology delivered a stunning forecast, projecting third-quarter revenue of $33.5 billion—far exceeding Wall Street's $24.29 billion estimate. The chipmaker's second-quarter revenue nearly tripled to $23.86 billion as surging demand for memory chips used in artificial intelligence hardware drives an unprecedented market shift. However, shares dipped 4% after the company raised its capital expenditure to over $25 billion.

Business4 sources

Micron Technology beats estimates as AI boom fuels unprecedented demand for memory chips

Business4 sources

Data Centers Hit Power Grid Limits as Tech Giants Turn to Off-Grid Natural Gas Solutions

U.S. data center development is slowing as power grid capacity reaches its limits, forcing tech companies to adopt alternative power solutions. By the end of 2025, 39% of gas power capacity in development was designed to serve data centers on-site, up from just 5% in 2024. The shift highlights growing tensions between AI's massive energy requirements and aging electrical infrastructure.

Business2 sources

Data Centers Hit Power Grid Limits as Tech Giants Turn to Off-Grid Natural Gas Solutions

Business2 sources

Amazon CEO Andy Jassy doubles AWS sales projections to $600 billion by 2036 driven by AI boom

Amazon CEO Andy Jassy announced that artificial intelligence could propel AWS to $600 billion in annual sales by 2036, doubling his previous $300 billion estimate. The forecast came during an internal all-hands meeting where Jassy defended the company's $200 billion capital expenditure plan for AI data centers, citing strong demand signals despite investor concerns about the aggressive spending.

Business5 sources

Amazon CEO Andy Jassy doubles AWS sales projections to $600 billion by 2036 driven by AI boom

Business5 sources

SK Hynix warns memory shortage could persist until 2030 as AI demand strains wafer supply

SK Group Chairman Chey Tae-won said the global chip wafer shortage will likely last until 2030, far longer than earlier projections. The major DRAM supplier cited artificial intelligence's massive appetite for High Bandwidth Memory as the key driver, with the company expecting more than a 20% shortage of wafers and working on strategies to stabilize DRAM chip prices.

Business3 sources

SK Hynix warns memory shortage could persist until 2030 as AI demand strains wafer supply

Business3 sources

Meta plans to cut 20% of workforce as AI spending reaches $600 billion, mirroring broader tech trend

Meta is preparing to slash up to 20% of its nearly 79,000-person workforce as the company ramps up artificial intelligence infrastructure investments. Top executives have signaled plans to senior leaders, citing efficiency gains from AI-assisted workers. The cuts would mark Meta's largest since 2022-2023, when it laid off 21,000 employees during its "year of efficiency."

Business18 sources

Meta plans to cut 20% of workforce as AI spending reaches $600 billion, mirroring broader tech trend

Business18 sources

Microsoft and Meta fuel $700 billion surge in data center leases as AI spending accelerates

Microsoft Corp. and Meta Platforms Inc. each committed nearly $50 billion in additional data center leases in their most recent quarters, driving total commitments among major cloud computing companies above $700 billion. The escalating investment in artificial intelligence infrastructure signals tech giants' intensifying bet on AI's future, with obligations climbing steadily as companies race to secure server capacity.

Business2 sources

Microsoft and Meta fuel $700 billion surge in data center leases as AI spending accelerates

Business2 sources

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