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Key PlayersNVIDIA, Microsoft, Google, AWS, CoreWeave

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Core Scientific raises $3.3B in junk bonds to convert Bitcoin mines into AI data centers

Former Bitcoin miner Core Scientific plans a $3.3 billion junk-bond sale to fund its transformation into an AI infrastructure provider. The company is converting a 300-megawatt crypto mining facility in Texas into a 1.5-gigawatt AI datacenter campus under a 12-year, $10 billion contract with CoreWeave, reflecting the broader industry shift from cryptocurrency to artificial intelligence.

Business4 sources

Core Scientific raises $3.3B in junk bonds to convert Bitcoin mines into AI data centers

Business4 sources

GitHub Copilot shifts to usage-based billing as agentic AI breaks subscription economics

Microsoft's GitHub announced a radical shift from fixed subscriptions to token-based pricing for Copilot, effective June 1, 2026. The move comes as agentic coding workflows consume far more compute resources than the original plan structure was built to support, with some requests now costing more than users pay per month. The change signals the end of unlimited AI assistance at flat rates across the industry.

Business8 sources

GitHub Copilot shifts to usage-based billing as agentic AI breaks subscription economics

Business8 sources

Jeff Bezos's Project Prometheus AI lab closes $10 billion round at $38 billion valuation

Jeff Bezos has returned to an operational role for the first time since leaving Amazon in 2021, co-leading Project Prometheus with Google veteran Vik Bajaj. The artificial intelligence lab has closed a $10 billion funding round at a $38 billion valuation, attracting investors like JPMorgan Chase and BlackRock who are betting on AI that understands the physical world.

Startups7 sources

Jeff Bezos's Project Prometheus AI lab closes $10 billion round at $38 billion valuation

Startups7 sources

Victory Giant surges 60% on Hong Kong debut after raising $2.6 billion in largest IPO this year

Victory Giant Technology, a Chinese supplier to Nvidia, saw its shares rocket nearly 60% on its Hong Kong debut after raising $2.6 billion in the city's largest listing in seven months. The printed circuit board maker attracted 37 cornerstone investors and plans to expand production capacity in mainland China as demand for AI hardware intensifies.

Business3 sources

Victory Giant surges 60% on Hong Kong debut after raising $2.6 billion in largest IPO this year

Business3 sources

Quantum computers could boost AI by processing large datasets with minimal memory requirements

Researchers have developed a breakthrough method for using quantum computers to boost AI performance on massive datasets. The technique allows quantum machines to process data in smaller batches without requiring impossibly large memory systems. A quantum computer with just 300 logical qubits could outperform a classical computer built using every atom in the observable universe for certain AI tasks.

Science3 sources

Quantum computers could boost AI by processing large datasets with minimal memory requirements

Science3 sources

Memory shortage driven by AI demand could keep prices high until 2027 or beyond

The global memory shortage shows no signs of easing, with manufacturers expected to meet only 60% of demand by 2027. AI's appetite for high-bandwidth memory is pushing DRAM and NAND prices to record highs, forcing Samsung to consider its first-ever smartphone loss while consumers face steeper prices for phones, laptops, and other devices.

Business8 sources

Memory shortage driven by AI demand could keep prices high until 2027 or beyond

Business8 sources

Google in talks with Marvell Technology to develop two AI chips, diversifying chip suppliers

Google is negotiating with Marvell Technology to design two new AI chips—a memory processing unit and an inference-optimized TPU—adding a third partner to its custom silicon supply chain alongside Broadcom. The move signals Google's strategy to diversify chip suppliers as inference workloads become the dominant compute cost in AI.

Technology15 sources

Google in talks with Marvell Technology to develop two AI chips, diversifying chip suppliers

Technology15 sources

Liz Kendall launches £500m AI fund but admits she doesn't use AI at work

Technology Secretary Liz Kendall unveiled a £500m sovereign AI fund to back British AI firms, calling it crucial for national security. But in a revealing interview, she admitted she doesn't use AI in her ministerial role, only personally—most recently to diagnose an allergic reaction to face cream. The disclosure raises questions as the UK government pushes both public sector and citizens to embrace the technology.

Business2 sources

Liz Kendall launches £500m AI fund but admits she doesn't use AI at work

Business2 sources

DeepSeek valuation doubles to $20 billion as Tencent and Alibaba join funding talks

DeepSeek is raising funds for the first time, with Chinese tech giants Tencent and Alibaba in discussions to invest at a valuation exceeding $20 billion. The funding aims to retain AI talent through stock options as the startup faces poaching from rivals. This marks a sharp increase from initial talks targeting a $10 billion valuation.

Startups7 sources

DeepSeek valuation doubles to $20 billion as Tencent and Alibaba join funding talks

Startups7 sources

Construction delays hit 40% of AI data centers as power infrastructure and labor shortages stall expansion

Satellite imagery reveals nearly 40% of US data centers planned for 2026 face significant delays as tech giants struggle with labor shortages, power infrastructure bottlenecks, and permitting hurdles. Major projects from Microsoft, OpenAI, and Oracle are likely to miss completion dates by over three months, threatening to slow AI expansion despite hundreds of billions in planned investment.

Business12 sources

Construction delays hit 40% of AI data centers as power infrastructure and labor shortages stall expansion

Business12 sources

AMD and Intel hit record valuations as agentic AI drives insatiable demand for CPUs

AMD's market cap reached an all-time high of $454 billion while Intel hit a 25-year high of $340 billion, driven by surging demand for AI infrastructure. The rally reflects investor confidence in CPU makers' ability to capitalize on agentic AI and retrieval augmented generation systems that require high-performance processors and memory subsystems.

Business2 sources

AMD and Intel hit record valuations as agentic AI drives insatiable demand for CPUs

Business2 sources

Sequoia Capital raises $7 billion late-stage fund to double down on AI investment under new leaders

Sequoia Capital has secured roughly $7 billion for a new expansion strategy fund, nearly doubling its 2022 vehicle of $3.4 billion. The fundraise marks the first major capital raise under new co-stewards Alfred Lin and Pat Grady, who took leadership in November 2025. The fund targets late-stage investments in US and Europe, with a sharp focus on AI giants like OpenAI and Anthropic, both eyeing 2026 public listings.

Business4 sources

Sequoia Capital raises $7 billion late-stage fund to double down on AI investment under new leaders

Business4 sources

Manycore shares surge 140% in Hong Kong IPO as Chinese AI firm bets on spatial intelligence

Manycore Tech raised $160 million in an oversubscribed Hong Kong IPO, with shares rallying 140% on debut. The Hangzhou-based Chinese AI firm is pivoting from its real estate software roots to spatial intelligence, targeting robotics and world models. Co-founder Victor Huang, a former Nvidia engineer, believes robotics will define the era as the company leverages 500 million 3D assets to train AI for the physical world.

Business3 sources

Manycore shares surge 140% in Hong Kong IPO as Chinese AI firm bets on spatial intelligence

Business3 sources

Upscale AI targets $2 billion valuation in third funding round since September launch

AI infrastructure startup Upscale AI is negotiating a new funding round that would value the company at $2 billion, just seven months after emerging from stealth. The Santa Clara-based company aims to raise $180-200 million despite not yet releasing a product, betting on custom chips and full-stack infrastructure solutions to transform how AI data centers operate.

Startups2 sources

Upscale AI targets $2 billion valuation in third funding round since September launch

Startups2 sources

Intel Core Series 3 mobile processors bring 40 TOPS AI compute to budget-friendly laptops

Intel launched its Core Series 3 mobile processors, targeting students, small businesses, and value buyers with AI-ready capabilities. Built on the same Panther Lake foundation as flagship Core Ultra Series 3 chips using Intel's 18A process node, these processors deliver up to 47% faster single-thread performance and 40 TOPS of on-device AI acceleration while reducing power consumption by up to 64%.

Technology5 sources

Intel Core Series 3 mobile processors bring 40 TOPS AI compute to budget-friendly laptops

Technology5 sources

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