Crusoe, a data center developer serving clients like Meta, Microsoft, and OpenAI, raised $3 billion at a $30 billion valuation. The funding round was co-led by Atreides Management and Valor Equity Partners, with Mubadala Capital also participating. Crusoe recently secured a $13 billion, five-year cloud contract with Jane Street for GPUs and AI infrastructure. Founded in 2018 as a crypto mining firm, Crusoe has pivoted to AI infrastructure and is considering an IPO soon.
Jim Cramer recommends revisiting the Magnificent Seven stocks—Amazon, Alphabet, Meta, Microsoft, Nvidia, Tesla, and Apple—after months of underperformance have made many of them undervalued. He highlights that massive AI infrastructure investments by...
Major tech companies Meta, Amazon, Microsoft, and Alphabet have invested trillions in AI, with Alphabet and Meta facing future investment commitments of $798 billion and $696 billion respectively. These commitments far exceed their recent net incomes...
Meta Platforms announced its latest AI model, Muse Spark 1.3, claiming it matches the performance of leading AI labs Anthropic and OpenAI. This claim boosted Meta's stock by 4%, reversing earlier year losses, though no independent benchmarks have con...
Meta has introduced a new pricing model for its Muse Spark AI tool, offering users a 95% discount if they share their prompts and outputs to help train future models. Standard pricing charges $1.25 per million input tokens and $4.25 per million outpu...
Meta's stock is down over 20% from its peak but shows promise with AI-driven ad growth and new enterprise opportunities highlighted in Q2 2026. Despite legal charges and heavy capital spending squeezing free cash flow, ad impressions and prices rose ...
