Crusoe, a data center developer focused on AI infrastructure, raised $3.9 billion in a Series F funding round, boosting its valuation to $30.9 billion. The funding will support existing large-scale projects like the Abilene, Texas site used by OpenAI, and new modular AI data centers called Spark, which can be quickly deployed and avoid local opposition. Crusoe’s business model includes leasing space, renting GPUs, and selling AI compute power, attracting major clients like Meta, Microsoft, and Oracle. The company is also considering an IPO soon, following a $13 billion cloud contract with Jane Street.
Oracle shares surged 5.14% to USD 150.60 on Pluang as of Sep 18, 2026 06:21 WIB, reflecting strong investor interest possibly linked to AI infrastructure growth like Crusoe's new data centers. Meta and Microsoft also gained modestly, up 1.13% and 1.20% respectively, with Meta at USD 680.95 and Microsoft at USD 496.16. These tech giants, clients of Crusoe, continue to show steady market activity amid expanding AI investments.
Meta Platforms plans to deploy custom AI chips MTIA 450 and MTIA 500 in 2027, aiming to save about $8.5 billion by using these chips instead of third-party options. The company also launched Meta One, a subscription service offering advanced AI tools...
Bank of America estimates Meta Platforms could save about $8.5 billion in 2027 by running AI workloads on its own custom MTIA chips rather than buying third-party chips. Meta plans to deploy its third-generation MTIA 450 chip and a higher-performance...
Meta's Zuckerberg, SpaceX's Musk, and NVIDIA's Huang each separately persuaded President Trump to abandon a proposed federal AI oversight body that could have regulated AI model deployment. They argued the oversight would favor dominant players like ...
Meta Platforms is shifting beyond its traditional advertising model by launching AI agents like Muse and expanding into cloud computing, opening new revenue streams. Despite high capital expenditures projected between $130–$145 billion, the company h...
Citi analyst Ronald Josey recommends buying Meta stock before the September 23 Connect conference, highlighting it as a near-term catalyst. The event is expected to reveal updates on Meta's AI products and glasses lineup, which could boost engagement...
