Anthropic is in early discussions to lease computing power from Meta, potentially worth around $10 billion, as reported by the New York Times. This follows a recent deal with SpaceX to use its Colossus 1 data center capacity to support Anthropic's paid subscribers. These moves highlight Anthropic's efforts to secure access to Nvidia AI chips, which are crucial for running advanced AI models like Fable. Meta is also expanding its AI infrastructure, with plans to invest up to $145 billion in 2026, signaling its ambition to enter the cloud computing market and monetize AI beyond its social media business.
This week saw significant declines in AI infrastructure stocks, with neocloud companies like CoreWeave and Nebius dropping over 30% in October. Credit default swap spreads for major tech firms Meta, Nvidia, and Oracle hit record highs, signaling incr...
Meta reported strong earnings but saw a $135 billion market cap drop over concerns about AI investment costs, a $25 billion lawsuit, and tax issues. Despite these setbacks, Meta's AI assistant Muse could generate billions in revenue, leveraging its 3...
Meta Platforms delivered strong third-quarter results with over 26% year-on-year revenue growth and solid earnings. The company launched Muse AI, signaling a strategic shift toward agentic AI and workflow optimization, which may help diversify its bu...
AMD's stock has experienced sharp declines recently despite a 50% revenue increase and large AI accelerator commitments from major clients like OpenAI and Meta. The company’s Data Center segment, now 58% of revenue, grew 107% in Q2, with expectations...
Wall Street is pressuring AI companies Anthropic and OpenAI to proceed with their IPOs soon due to fears of a left-wing Democratic takeover of Congress after the November elections. Investors worry that Democratic Socialists could trigger prolonged h...
