Kevin O'Leary is investing $115 billion in large AI data center projects in Utah and Alberta, aiming to build massive infrastructure to support AI growth. The Utah project, called Stratos, plans to generate 9 GW of power but faces local opposition due to environmental concerns, especially water use amid drought conditions. In Alberta, the project benefits from natural resources but still requires permits from local authorities. Additionally, the AI infrastructure boom faces a supply bottleneck as hardware makers invest less aggressively than cloud giants, potentially limiting project completion despite funding and approvals.
A Nikkei study reveals that five major U.S. tech companies hold $1.65 trillion in hidden debt, far exceeding their reported liabilities. This debt has grown eightfold in four years, driven by heavy investments in artificial intelligence. Meta and Ora...
A federal judge approved Anthropic's $1.5 billion settlement in a class action lawsuit where authors accused the AI company of using pirated books to train its chatbot Claude. The case, backed by Amazon and Alphabet, is the largest known US copyright...
Jeff Bezos' investment firm Bezos Expeditions joined a $450 million funding round for British startup CuspAI, which uses AI to discover new materials for semiconductors, clean energy, and advanced manufacturing. Valued at $2.6 billion, CuspAI recentl...
Amazon CEO Andy Jassy clarified that the company's $200 billion investment in artificial intelligence is based on solid business foundations, not just speculation. A key part of this investment is Amazon's Trainium chip business, which is already gen...
The S&P 500's recent rally has paused, with significant price adjustments in tech and semiconductor sectors. The market is now looking to upcoming earnings reports from major tech companies to confirm growth and justify current valuations, especially...
