Oracle Financial Services drops 6.5% on New Mexico data center debt concerns
Oracle Financial Services shares fell 6.5 percent on the National Stock Exchange Monday after the Financial Times reported that roughly $18 billion of
OpenAI
Every Fin-node story mentioning OpenAI — 81 stories, newest first.
OpenAI · 81 stories
Huang Accuses AI Rivals of Regulatory Capture
Nvidia CEO Jensen Huang used a CBS interview aired Sunday to accuse the leaders of frontier AI labs of manufacturing existential risk narratives to es
Manus targets $4B valuation in $500M raise after Meta deal collapse
Chinese AI startup Manus is pitching investors on a $500 million round that would value the company at $4 billion, months after Beijing scuttled its $
OpenAI Projects $278 Billion Cash Burn Through 2030
OpenAI expects to burn $278 billion in negative free cash flow from 2026 through the end of 2030 even as revenue climbs toward $350 billion, a company
Warsh Hawks Rates, OpenAI Flags Safety, Boeing Slows
The Federal Reserve raised its benchmark rate by 25 basis points on Wednesday, the first increase in more than three years, and Chairman Kevin Warsh t
OpenAI’s cash pile rewrites the chip power balance
OpenAI sits on $122 billion in cash with no public listing deadline, a combination that lets its finance chief treat the world’s most valuable chipmak
Oracle Infrastructure Revenue Doubles While Stock Sits 53% Below Peak
Oracle shares trade 53 percent below last year's record high even as its cloud infrastructure revenue more than doubled in the fiscal first quarter, l
Microsoft Azure Hits $100 Billion Revenue Milestone
Microsoft disclosed on its fiscal fourth-quarter earnings call that Azure generated more than $100 billion in revenue over the twelve months ended Jun
Huang Sees Chip Volume Doubling Next Year
Nvidia chief executive Jensen Huang told reporters on Thursday that the company will sell twice as many chips next year as it does in the current one,
Karp Says AI Labs Seek Nationalization to Dodge IP Lawsuits
Palantir CEO Alex Karp told CNBC on Thursday that the safety debate engulfing frontier AI labs is a misdirection, the real aim, he argued, is a govern
Big Tech CEOs Agree Verbal Slowdown on AI Frontier
The chief executives of OpenAI, Anthropic, Google DeepMind and SpaceX agreed over the weekend to a verbal pact they described as “pacing the frontier”
OpenAI pays $300 million for smartphone camera startup Glass Imaging
OpenAI has acquired Glass Imaging, a Los Altos startup that uses neural networks to squeeze better photos from tiny smartphone lenses, in a deal value
Nadella Warns AI Pace Risks Operating Permission
Microsoft chief executive Satya Nadella told employees Monday that the industry's current speed on artificial intelligence threatens the license to op
Ackman Trims Amazon Stake to Boost Microsoft and Meta
Bill Ackman sold a quarter of his Amazon position in the second quarter while adding to Microsoft and Meta Platforms, rotating a concentrated portfoli
Nasdaq Futures Slide 1.7% After AI Founders Urge Slowdown
Nasdaq 100 futures dropped roughly 510 points, or 1.7%, to trade near 29,170 in the predawn hours Monday, while S&P 500 contracts slipped about 0.7%.
Former DeepMind Researcher Puts AI Takeover Odds At One In Three
Alex Turner, a former Google DeepMind alignment researcher who resigned over the lab’s reversed stance on military contracts, said this weekend that t
Anthropic targets Nasdaq listing while its chief argues for pumping the brakes
Anthropic is moving toward a Nasdaq debut that could value the five-year-old company at $2 trillion, even as its chief executive publishes a manifesto
SoftBank Falls 11% After OpenAI Delays IPO
SoftBank Group shares dropped 11 percent in Tokyo on Monday after OpenAI confirmed it would not pursue an initial public offering this year and joined
Nvidia bets cybersecurity becomes AI's next revenue engine
Nvidia chief executive Jensen Huang told a Goldman Sachs conference on Thursday that cybersecurity will emerge as artificial intelligence's next major
The Vergecast dissects Apple’s folding debut
Ternus takes the stage The Vergecast devoted its latest episode to Apple’s September event, framing it as John Ternus’s first public outing since beco
Broadcom Targets $230 Billion AI Chip Revenue by 2028
Broadcom told investors on its latest earnings call that it expects roughly $230 billion of AI semiconductor revenue in 2028, a figure that would more
Oil jumps on Middle East tension, gas hits holiday record
Stock futures opened the shortened week lower after Middle East conflict sent crude to six-week highs and the national gasoline average marked its fir
SpaceX and Anthropic Pitch Thirty Trillion AI Market
SpaceX's initial public offering prospectus values the company above $1.5 trillion by pointing to a $28.5 trillion addressable market for space, conne
ByteDance secures $29.6 billion unsecured loan for AI expansion
China's ByteDance has locked in a $29.6 billion syndicated loan from close to 30 banks, a Reuters report published Friday shows. The facility ranks as
Oracle Cloud Backlog Hits $638 Billion as Cash Flow Goes Negative
Oracle enters its fiscal first quarter with a cloud revenue guide of 58% to 64% year over year, a pace that would push quarterly cloud sales to roughl
OpenAI Pledges Billion Dollars for Cyber Defense as Safety Questions Mount
OpenAI committed $1 billion in subsidized access to its artificial intelligence cybersecurity tools on Wednesday, a move that arrives as the company c
OpenAI Commits One Billion Dollars in Cyber Credits for Community Banks
OpenAI said Thursday it will subsidize one billion dollars of access to its Daybreak security program for community banks, water utilities, electric g
Nvidia's $105 Billion OpenAI Loop and the Quiet Hugging Face Purchase
Nvidia sits at the center of two very different wagers on artificial intelligence infrastructure. The loud one, a $105 billion financing backstop for
Broadcom AI revenue doubles but guidance disappoints
Broadcom's fiscal third quarter showed AI semiconductor revenue more than doubling to $16.7 billion, yet shares slipped after the company forecast $34
Ternus Takes Helm Before Foldable iPhone Debut
John Ternus has officially succeeded Tim Cook as Apple chief executive, stepping into the role days before the company's most consequential product ev
Apple warns AI makes trade-secret theft irreversible
Apple told a federal court on Monday that a former employee's use of its confidential information inside OpenAI's AI systems creates a new category of
OpenAI completes $7 billion employee tender at $852 billion valuation
OpenAI bought back about $7 billion of shares from current and former staff at an $852 billion valuation, a transaction that provided liquidity withou
Palantir Sovereign AI Pitch Tests Microsoft Cloud Model
Palantir chief executive Alex Karp has used the weeks since the company’s Q2 earnings to escalate a sovereign AI argument that directly challenges Mic
SB Energy Files for IPO With $3.2 Billion Loss and OpenAI Dependency
SB Energy, the SoftBank-backed AI infrastructure venture that has yet to turn on a single data center, filed for a U.S. listing on Tuesday carrying a
Apple files new evidence in trade-secrets suit against OpenAI
Apple has escalated its legal battle with OpenAI, submitting what it describes as shocking evidence that a former engineer carried proprietary chip de
Alphabet raises capex ceiling to $205 billion and shares drop 16 percent from peak
Alphabet lifted its 2026 capital expenditure forecast to a range of $195 billion to $205 billion after the second quarter, a $15 billion increase at t
Nvidia Defends Half Trillion Dollar AI Financing Push
Nvidia chief executive Jensen Huang went on television Wednesday to argue that the chipmaker’s expanding role as financier to the AI boom is not a rou
Nvidia circles Hugging Face as open-weight deals hit $26bn
A reported $13 billion bid for Hugging Face would bring the tally for open-weight AI acquisitions to more than $26 billion in a matter of weeks, count
Okta and CrowdStrike surge on AI-driven cyber demand
Okta shares jumped 27 percent and CrowdStrike climbed 18 percent Thursday after both companies reported fiscal second-quarter results that beat consen
Nvidia’s SpaceX stake traces back to a private xAI bet
Nvidia disclosed a SpaceX position valued at nearly $21 billion in its second-quarter 13F, making the rocket operator its second-largest public holdin
Hugging Face Explores Sale at Thirteen Billion Dollar Valuation
Hugging Face is working with an advisor to test buyer appetite for a deal that would value the AI developer platform at $13 billion or more, according
Rillet reaches unicorn status with $100M Series C
AI accounting startup Rillet raised $100 million at a $1 billion valuation in 48 hours without running a formal process, led by existing backer Iconiq
Anthropic IPO Targets SpaceX Record
Anthropic is preparing an initial public offering that could match or exceed the $86.2 billion SpaceX raised in 2024, a figure that would make it the
Anthropic credit facility expansion tops ten billion
Anthropic is expanding its pre-IPO revolving credit facility beyond $10 billion, with banks jostling for allocation tiers that signal their expected r
Anthropic Tops OpenAI Revenue in Second Quarter
Anthropic generated more revenue than OpenAI in the second quarter for the first time, with the former posting $11.6 billion against the latter's $6.7
Nvidia commits $105 billion to OpenAI Ohio data center
Nvidia is underwriting the next leg of the AI buildout with its own balance sheet, committing up to $105 billion to a giant OpenAI campus in Ohio as c
Nvidia backs OpenAI Ohio data centre with $105bn guarantee
Nvidia has committed a $105 billion guarantee to backstop OpenAI's lease on a massive Ohio data centre being built by SoftBank's SB Energy, marking on
Goldman Intel back Higgsfield at $5.4bn valuation
Goldman Sachs and Intel have joined a $400 million financing that values AI video startup Higgsfield at $5.4 billion, a more than fourfold increase fr
Ellison Falls to Eighth Richest as Oracle Shares Halve
Larry Ellison dropped to the world's eighth-richest person on Friday, his net worth falling to $192.6 billion after a two-month slide in Oracle shares
Nvidia invests $1.5B in SoftBank data center venture
Nvidia committed $1.5 billion to SB Energy on Monday, locking itself in as the exclusive compute supplier for OpenAI's Ports-Pike data center outside
OpenAI completes $7 billion secondary at $852 billion valuation
OpenAI closed a roughly $7 billion tender offer on Monday that lets current and former employees sell shares at an $852 billion valuation, a step that
SoftBank Q1 Profit Beats on Intel Gain as OpenAI Sits Out
SoftBank Group reported fiscal first-quarter net profit of 347.3 billion yen ($2.2 billion), beating the 120.23 billion yen LSEG consensus by a wide m
Shopify shares jump 17 percent on AI-driven quarter
Shopify shares surged more than 17 percent on Wednesday after the Ottawa-based e-commerce platform posted a second quarter that answered the market’s
SpaceX Revenue Doubles on Compute Pivot While Shares Slide
SpaceX posted $7.8 billion in second-quarter revenue, a 92 percent jump from $4 billion a year earlier, driven by a compute-hosting pivot that the com
Amazon Lifts CapEx to $220 Billion as Cloud Growth Hits 43%
Amazon raised its 2026 capital expenditure target to $220 billion from $200 billion Thursday, pointing the bulk of the increase at AI infrastructure a
Palantir revenue surges 93% on commercial AI demand
Palantir reported second-quarter revenue of $1.94 billion, a 93% jump from a year earlier that blew past the $1.8 billion consensus and sent shares up
Altman's $3.3 Billion Portfolio Built Without OpenAI Equity
Sam Altman has accumulated a $3.3 billion net worth while owning zero equity in the $852 billion company he runs, a structure that makes his fortune a
SoftBank Hitachi LG back Zenity $125M round
Zenity, a Tel Aviv-based cybersecurity startup that secures AI agents inside corporate systems, has raised a $125 million Series C led by Norwest with
Palantir commercial revenue surges 149% on AI sovereignty demand
Palantir’s U.S. commercial business grew 149% to $764 million in the second quarter, the line item that blew past every model on the Street and sent s
OpenAI Hits 1 Billion Active Users as Price Cuts Deepen Enterprise Push
OpenAI’s models now reach more than 1 billion active users and 2 million businesses, Chief Financial Officer Sarah Friar wrote in a blog post publishe
Microsoft posts $90 billion quarter on AI gains
Microsoft beat analysts’ expectations in the fiscal fourth quarter ended June, reporting $90 billion in revenue and $35.8 billion in net income. The r
Amazon Completes Fifty Billion Dollar OpenAI Bet
Amazon has finished writing the checks. The company disclosed in a Friday SEC filing that it has deployed the full $50 billion it pledged to OpenAI in
Samsung Q2 profit surges 19-fold on AI chip demand
Samsung Electronics posted a record 89.5 trillion won ($62 billion) in operating profit for the June quarter, a more than 19-fold increase from a year
Microsoft's $678 Billion Backlog Towers Over Two Years of Revenue
Microsoft's fiscal fourth-quarter report arrived with the usual cascade of growth metrics, revenue up 18%, Azure accelerating to 43%, earnings per sha
Meta Shares Plunge On $145 Billion AI Spend Plan
Meta shares dropped more than 8% after hours as the company laid out a $130 billion to $145 billion AI investment plan for the year while missing seco
Nvidia's $750 Billion Circular Financing Loop
Nvidia is assembling a fresh round of AI infrastructure deals worth more than $750 billion, a scale that would make it simultaneously banker, supplier
Microsoft logs $3.2 billion Anthropic gain in single quarter
Microsoft's $5 billion bet on Anthropic produced a $3.2 billion paper gain in the June quarter, a one-period windfall that nearly matched the full-yea
Microsoft Stock Surges 17 Percent on Azure Beat
Microsoft shares jumped as much as 17 percent on Thursday, adding roughly $483 billion in market value in a single session, the biggest one-day gain s
Azure Hits $100 Billion Annual Revenue
Microsoft’s Azure cloud business crossed $100 billion in annual revenue for the first time in the fiscal year just ended, a 41 percent jump from $75 b
Nvidia weighs $250 billion guarantee for OpenAI Ohio campus
Nvidia is in talks to guarantee roughly $250 billion of debt so OpenAI can lease a 10-gigawatt data center campus in Piketon, Ohio, from SoftBank’s SB
Chip Rout Deepens as AI Spending Doubts Rattle Markets
Chip stocks tumbled across Asia and the US on Tuesday as investors questioned whether the billions flowing into AI infrastructure will ever earn a pro
UK directs £708m to Tempest fighter programme
The UK has pumped £708 million into its future fighter jet programme, known as Tempest, according to a source published 23 July. The funding lands alo
Blackstone Hits $1.35 Trillion AUM on Data Center Surge
Blackstone’s assets under management climbed to a record $1.35 trillion in the second quarter, an 11 percent increase from a year earlier, as the firm
Nvidia offers $250 billion backstop for OpenAI data center
Nvidia is in talks to put roughly $250 billion in financing guarantees behind OpenAI, a commitment that would anchor a 10-gigawatt data center campus
AI Lobbying Surges as Big Tech and Defense Pull Back
OpenAI and Anthropic spent a combined $3.17 million on federal lobbying in the second quarter, a 23 percent jump from the first three months of the ye
Amazon's Forty Four Billion Quarter Versus Shopify's Five Million
Amazon and Shopify both beat Q1 revenue estimates, but the real story is the widest capex gap in modern commerce. Amazon poured $44.2 billion into inf
Nvidia's $20 Trillion Valuation Bet Hinges on Data Center Surge
Jensen Huang is betting that global data center capital expenditures will hit $4 trillion annually by 2030, a fivefold jump from an estimated $800 bil
Fireworks Hits $17.5 Billion Valuation on Open AI Demand
Fireworks, the Nvidia-backed inference cloud startup, has raised $1.5 billion at a $17.5 billion valuation after hitting $1 billion in annualized reve
Goldman Sachs Shares Hit Record After Blowout Quarter
Goldman Sachs shares surged 7.5 percent to an intraday record of roughly $1,136 on Tuesday after the bank reported second-quarter revenue that jumped
Amazon chip commitments top $225 billion as AWS silicon scales
Amazon chief executive Andy Jassy put a striking figure on the company’s in-house silicon effort during the first-quarter earnings call in April, sayi
Fireworks AI reaches $17.5 billion valuation as enterprises hunt cheaper inference
Nvidia-backed Fireworks AI said Thursday it has raised $1.5 billion at a $17.5 billion valuation after annualized revenue surged past $1 billion, a fi