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Key PlayersNVIDIA, AWS, CoreWeave

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Oracle and OpenAI scrap Texas AI data center expansion as financing talks collapse

Oracle and OpenAI have abandoned plans to expand their flagship AI data center in Abilene, Texas, after negotiations over financing and capacity forecasting broke down. While the expansion is off, Oracle confirms its broader 4.5-gigawatt agreement with OpenAI remains intact, with projects progressing at other U.S. locations including Detroit.

Technology13 sources

Oracle and OpenAI scrap Texas AI data center expansion as financing talks collapse

Technology13 sources

Broadcom projects $100B in AI chip sales, unveils new networking tech for data centers

Broadcom is accelerating its position in the AI infrastructure race with a bold $100 billion revenue projection for next year. The company unveiled its Taurus BCM83640 high-speed networking chip and secured critical AI chip supply through 2028, drawing bullish analyst responses as it challenges Nvidia's dominance in custom processors for AI.

Technology3 sources

Broadcom projects $100B in AI chip sales, unveils new networking tech for data centers

Technology3 sources

China's Five-Year Plan Bets on AI and Tech Independence as US-China Rivalry Intensifies

China unveiled its 15th five-year plan at the National People's Congress, prioritizing artificial intelligence, quantum computing, and semiconductors to reduce reliance on US technology. President Xi Jinping aims to transform China into a tech-driven economy despite a lower growth target of 4.5%-5% and mounting economic pressures from tariffs and trade tensions.

Policy3 sources

China's Five-Year Plan Bets on AI and Tech Independence as US-China Rivalry Intensifies

Policy3 sources

Marvell Technology stock soars 16% as AI chips drive revenue forecast to nearly $11 billion

Marvell Technology's stock jumped over 16% after the chipmaker raised its revenue forecast to nearly $11 billion for fiscal 2027, driven by surging demand for custom AI processors from Big Tech companies. The company's fourth-quarter results topped estimates with $2.22 billion in revenue, while CEO Matt Murphy highlighted record design wins that will fuel future growth in the booming AI infrastructure market.

Business8 sources

Marvell Technology stock soars 16% as AI chips drive revenue forecast to nearly $11 billion

Business8 sources

California watchdog demands data centers pay for AI's surging power needs, not households

California's Little Hoover Commission released a report urging lawmakers to regulate the state's data center industry before soaring AI electricity demand shifts billions in grid infrastructure costs onto ordinary households. Pacific Gas & Electric projects data centers could add 10 gigawatts of demand over the next decade—four times Diablo Canyon's capacity—raising concerns about rising utility bills and environmental impacts.

Policy2 sources

California watchdog demands data centers pay for AI's surging power needs, not households

Policy2 sources

Oracle plans thousands of job cuts as AI data center spending pushes cash flow negative

Oracle is preparing to cut thousands of jobs across multiple divisions as the company grapples with a cash crunch from its massive AI data center expansion. The database giant is spending $50 billion this year on cloud infrastructure, pushing free cash flow negative until 2030. Some cuts will target roles Oracle expects AI to replace, while the company simultaneously claims AI code generation is making teams more productive.

Business13 sources

Oracle plans thousands of job cuts as AI data center spending pushes cash flow negative

Business13 sources

US drafts sweeping export controls requiring approval for Nvidia AI chips shipped worldwide

The Trump administration has drafted regulations requiring U.S. government approval for AI chip shipments anywhere in the world, establishing a tiered licensing system based on computing capacity. Large deployments exceeding 200,000 Nvidia GB300 GPUs would require host governments to invest in U.S. AI infrastructure and provide national security assurances, potentially making American AI hardware twice as expensive for foreign buyers.

Policy18 sources

US drafts sweeping export controls requiring approval for Nvidia AI chips shipped worldwide

Policy18 sources

Core Scientific Secures $1 Billion From Morgan Stanley to Accelerate Pivot From Bitcoin Mining to AI

Core Scientific has secured up to $1 billion in financing from Morgan Stanley to accelerate its strategic shift to AI infrastructure. The Austin-based company plans to transition completely away from Bitcoin mining within three years, redirecting all available power capacity toward serving AI technology firms and high-performance computing clients.

Business2 sources

Core Scientific Secures $1 Billion From Morgan Stanley to Accelerate Pivot From Bitcoin Mining to AI

Business2 sources

Better.com and OpenAI slash mortgage approvals from 21 days to 47 seconds with ChatGPT integration

Better.com has partnered with OpenAI to integrate its Tinman AI Platform directly into ChatGPT, enabling loan officers to underwrite mortgages in as little as 47 seconds. The AI mortgage engine targets industry giants Rocket Mortgage and UWM by cutting costs from $9,200 to $3,000 per loan, potentially saving consumers billions in fees across the $1 trillion annual U.S. mortgage market.

Technology3 sources

Better.com and OpenAI slash mortgage approvals from 21 days to 47 seconds with ChatGPT integration

Technology3 sources

AI Data Centers Spark Land Rush and Political Battles as Big Tech Seeks 85 Gigawatts by 2030

The AI boom has created a modern land rush as companies scramble to secure power and land for data centers. Firms like Cloverleaf Infrastructure act as middlemen, securing 85 gigawatts of capacity needed by 2030. But community opposition is mounting over rising utility costs, with Virginia voters electing candidates who promise to shift grid costs to tech companies. Big Tech responds with aggressive lobbying as the battle over who pays for AI infrastructure intensifies.

Business2 sources

AI Data Centers Spark Land Rush and Political Battles as Big Tech Seeks 85 Gigawatts by 2030

Business2 sources

TCS pursues more AI data centers in India as demand for infrastructure surges toward 2030

Tata Consultancy Services is in advanced discussions with multiple hyperscalers to build AI data centers in India, following its recent OpenAI partnership. CEO K Krithivasan projects India will need 10 gigawatts of AI data center capacity by 2030, with only 5-6 gigawatts announced so far, creating a significant market opportunity for TCS.

Business2 sources

TCS pursues more AI data centers in India as demand for infrastructure surges toward 2030

Business2 sources

Eight Sleep raises $50M at $1.5B valuation to build predictive AI agent for sleep optimization

Sleep technology company Eight Sleep secured $50 million in strategic funding led by Tether Investments, reaching a $1.5 billion valuation. The company plans to develop a sleep-focused AI agent trained on over 1 billion hours of sleep data while advancing FDA filings for sleep apnea detection and expanding globally across 34 countries.

Startups2 sources

Eight Sleep raises $50M at $1.5B valuation to build predictive AI agent for sleep optimization

Startups2 sources

Aikido Technologies to deploy offshore data centers inside floating wind turbines by year-end

San Francisco-based Aikido Technologies is tackling AI's energy crisis with an innovative solution: data centers inside offshore wind turbines. The startup plans to deploy a 100-kilowatt prototype off Norway's coast this year, using the North Sea as a natural cooling system. If successful, a larger 10-12 megawatt facility could follow off the UK coast by 2028.

Technology7 sources

Aikido Technologies to deploy offshore data centers inside floating wind turbines by year-end

Technology7 sources

Accenture acquires Ookla for $1.2B to power AI-driven network intelligence across enterprises

Accenture has agreed to acquire Ookla, owner of Speedtest and Downdetector, for $1.2 billion in cash from Ziff Davis. The deal positions Accenture to integrate real-time connectivity data into enterprise services, helping telecom operators, cloud providers, and businesses optimize networks that support AI adoption and digital infrastructure as network performance becomes critical to scaling AI systems.

Business3 sources

Accenture acquires Ookla for $1.2B to power AI-driven network intelligence across enterprises

Business3 sources

VCI Global stock surges as Malaysia's first Nvidia-powered AI GPU center goes live

VCI Global shares jumped 13.57% to $9.31 after announcing its subsidiary V Gallant launched Malaysia's first Nvidia-powered AI GPU Computing Center on March 3. The facility marks a strategic shift toward AI infrastructure ownership and recurring revenue generation through GPU compute leasing and the Intelli-X enterprise LLM platform.

Technology2 sources

VCI Global stock surges as Malaysia's first Nvidia-powered AI GPU center goes live

Technology2 sources

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