OpenAI and Nvidia, leading names in the tech industry, plan to announce substantial investments in UK data centers next week. This initiative, reported by Bloomberg News, coincides with a visit by U.S. President Donald Trump. The companies will collaborate with London-based Nscale Global Holdings, a notable player in the data center business, although Nvidia…
By Purvi Agarwal and Shashwat Chauhan (Reuters) – U.S. stock index futures were slightly higher on Thursday as investors refrained from making large bets ahead of crucial inflation numbers that are likely to influence the Federal Reserve’s monetary policy path. A reading of consumer prices is due at 8:30 a.m. ET, with inflation expected to…
Is the stock market ready to keep climbing, or is a stumble ahead? After powering through the final stretch of summer, equities are sitting near record highs. But as we head deeper into September, a month that has historically been tough on investors, the question is whether now is the time to hit pause. Take…
Statesville Planning Board approves 350-acre data center project The Statesville Planning Board heard a proposal from Compass Data Centers Tuesday night to develop a data center on 350 acres of farmland on Stamey Farm Road. READ MORE: NC farm family sells hundreds of acreage for data center The land, owned by David Stamey, has been…
Nvidia’s earnings aren’t just about Nvidia anymore. The $4 trillion chipmaker’s quarterly financials have become a litmus test for the AI boom—and, by extension, for the whole stock market. Constituting 8% of the market cap-weighted in S&P 500 Index and with an unrivaled grip on the chips that power generative AI, Wall Street now treats…
(Reuters) -Humain, Saudi Arabia’s new artificial intelligence company, has begun construction of its first data centers in the kingdom, and plans to bring them online in early 2026 using semiconductors imported from the U.S., Bloomberg News reported on Monday. Locations in Riyadh, Saudi Arabia’s capital, and Dammam, in the Eastern Province, are expected to launch…
Sam Altman (Bloomberg) — Credit investors are pouring billions of dollars into artificial intelligence investments, just as industry executives and analysts are raising questions about whether the new technology is inflating another bubble. Most Read from Bloomberg JPMorgan Chase & Co. and Mitsubishi UFJ Financial Group are leading the sale of a more than $22…
By Max A. Cherney SAN FRANCISCO (Reuters) -Broadcom’s silicon division launched its next-generation Jericho networking chip on Monday, which is designed to connect data centers over 60 miles (96.5 km) apart and speed artificial intelligence computation. The company’s Jericho4 introduces and improves several features that increase the amount of networking traffic speeding across large networks…
Riot Platforms, Inc. (NASDAQ:RIOT) shares are trading lower on Friday. Riot reported second-quarter revenue of $152.99 million, beating analyst estimates of $147.65 million. The firm reported second-quarter earnings of 57 cents per share, beating estimates for a loss of 10 cents per share. Also Read: Bitcoin Breaks Below $115,000 But Traders Say The Dip Is ‘No Big…
By Stephen Nellis SAN FRANCISCO (Reuters) -Apple CEO Tim Cook signaled on Thursday the iPhone maker was ready to spend more to catch up to rivals in artificial intelligence by building more data centers or buying a larger player in the segment, a departure from a long practice of fiscal frugality. Apple has struggled to…