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Nebius Group plans 310 MW AI data center in Finland, stock surges on infrastructure expansion

Nebius Group unveiled plans to build a 310 MW AI factory in Lappeenranta, Finland, sending shares up 12.5%. The facility will become one of Europe's largest AI compute centers when operational in 2027. The announcement comes alongside a $4.3 billion convertible notes offering to fund data center construction and GPU procurement across its global expansion strategy.

Business2 sources

Nebius Group plans 310 MW AI data center in Finland, stock surges on infrastructure expansion

Business2 sources

Singapore charges third person in AI chip fraud case linked to Nvidia export violations

Singapore prosecutors charged Jenny Lim with fraud for allegedly misleading Dell Technologies about server purchases containing Nvidia chips. The case expands an ongoing investigation into the circumvention of U.S. export bans, with servers routed through Singapore to Malaysia and potentially China. Lim joins two co-conspirators previously charged in February 2025.

Policy5 sources

Singapore charges third person in AI chip fraud case linked to Nvidia export violations

Policy5 sources

IBM and Arm team up to bring modern AI workloads to enterprise mainframes via virtualization

IBM and Arm announced a strategic collaboration on April 2, 2026, to enable Arm-based software to run on IBM Z mainframes and LinuxONE systems through virtualization. The partnership aims to bridge the gap between the widely-used Arm AI software ecosystem and IBM's mission-critical enterprise hardware, though no shipping date has been provided.

Technology5 sources

IBM and Arm team up to bring modern AI workloads to enterprise mainframes via virtualization

Technology5 sources

Sharon AI shares surge on $1.8 billion deal despite posting bigger losses in debut earnings

Australia-based Sharon AI announced a $1.8 billion supply agreement and a partnership with Canva, sending shares skyward despite reporting increased losses in its first earnings since its February Nasdaq debut. The artificial intelligence company rents access to high-end computer chips from Nvidia and AMD for AI processing needs.

Business2 sources

Sharon AI shares surge on $1.8 billion deal despite posting bigger losses in debut earnings

Business2 sources

Half of US AI Data Centers Delayed as Power Infrastructure Supply Chain Collapses

Nearly half of planned US AI data centers for 2026 face delays or cancellation as critical power infrastructure shortages expose America's dependence on Chinese electrical components. Despite tech giants committing over $650 billion this year, tariffs and supply chain constraints are crippling the buildout, while growing community opposition adds another layer of resistance to Trump's AI ambitions.

Technology5 sources

Half of US AI Data Centers Delayed as Power Infrastructure Supply Chain Collapses

Technology5 sources

Cognichip raises $60M to use AI for designing the chips that power AI itself

Cognichip raised $60 million led by Seligman Ventures to build AI models that design advanced computer chips. The startup claims its physics-informed platform can reduce chip design costs by over 75% and cut development timelines by more than half. Intel CEO Lip-Bu Tan joined the funding round and will join the board as the company works with over 30 semiconductor firms.

Startups2 sources

Cognichip raises $60M to use AI for designing the chips that power AI itself

Startups2 sources

Mercor confirms supply chain attack as Meta pauses work over AI training data exposure risks

The $10 billion AI recruiting startup Mercor has confirmed it was compromised through a supply chain attack targeting the open-source LiteLLM library. Meta has indefinitely paused all work with the company, while OpenAI and Anthropic investigate potential exposure of their proprietary AI training methodologies. The breach, linked to hacking group TeamPCP and later claimed by Lapsus$, may have exposed up to four terabytes of sensitive data including training protocols that AI labs have spent billions developing.

Technology8 sources

Mercor confirms supply chain attack as Meta pauses work over AI training data exposure risks

Technology8 sources

SpaceX and Google race to build AI data centers in space as scientists question the physics

SpaceX filed to launch up to 1 million satellites for orbital computing, while Google plans its Project Suncatcher test in 2027. The companies promise to solve AI's escalating electricity demands with solar-powered space data centers, but scientists warn of unresolved challenges in thermal management, radiation shielding, and economics that could make the vision unviable for years.

Technology7 sources

SpaceX and Google race to build AI data centers in space as scientists question the physics

Technology7 sources

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

Microsoft pledges $5.5 billion AI investment in Singapore to build regional development hub

Microsoft announced a $5.5 billion commitment to Singapore through 2029, targeting cloud and AI infrastructure expansion alongside new Elevate programs. The tech giant aims to strengthen AI skills, enhance cybersecurity, and advance trusted governance while offering free AI tools to students across the city-state.

Business3 sources

Microsoft pledges $5.5 billion AI investment in Singapore to build regional development hub

Business3 sources

Nvidia China market share plummets to 55% as Chinese chipmakers capture 41% with 1.65 million AI GPUs

Nvidia's dominance in China has eroded dramatically, with its market share falling from 95% to just 55% as Chinese chipmakers shipped 1.65 million AI GPUs in 2025. Huawei leads domestic vendors with 812,000 units, while U.S. export controls accelerate Beijing's push for self-reliance in semiconductors. The shift marks a critical turning point in the global AI chip race.

Business4 sources

Nvidia China market share plummets to 55% as Chinese chipmakers capture 41% with 1.65 million AI GPUs

Business4 sources

European AI gets US funding but risks becoming an R&D incubator as innovation gap widens

US investors are pouring capital into European AI start-ups, contributing 73% of funding rounds exceeding $100 million. But Europe faces a paradox: while it matches the US in AI talent with 325,000 researchers, its best minds are being recruited by American tech giants like Google, Meta, and Amazon. The Draghi report warns of 'slow agony' without reform.

Business2 sources

European AI gets US funding but risks becoming an R&D incubator as innovation gap widens

Business2 sources

Anthropic signs AI safety deal with Australia, eyes data centre investments

Anthropic has signed a memorandum of understanding with the Australian government to share AI safety research and economic data tracking insights. The Claude maker will invest in data centre infrastructure and renewable energy across Australia while collaborating with local universities. CEO Dario Amodei met Prime Minister Anthony Albanese in Canberra to formalize the partnership.

Policy4 sources

Anthropic signs AI safety deal with Australia, eyes data centre investments

Policy4 sources

OpenAI closes $122 billion funding round amid fierce AI competition and profitability questions

OpenAI secured $122 billion in the largest Silicon Valley funding round ever, reaching an $852 billion valuation. But the ChatGPT maker faces mounting pressure from rivals like Anthropic and Google while racing toward profitability. The company is pivoting to enterprise revenue and coding tools while planning a unified AI superapp and potential IPO by year-end.

Startups19 sources

OpenAI closes $122 billion funding round amid fierce AI competition and profitability questions

Startups19 sources

Iran threatens US tech companies as AI data centers become targets in escalating conflict

Iran's Islamic Revolutionary Guard Corps has issued direct threats against major US tech companies operating in the Middle East, warning of imminent attacks on AI data centers including the $30 billion Stargate facility in Abu Dhabi. The escalation follows earlier strikes on Amazon Web Services infrastructure and marks a dangerous shift toward targeting billions in commercial tech assets.

Technology12 sources

Iran threatens US tech companies as AI data centers become targets in escalating conflict

Technology12 sources

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