Tag: AI infrastructure
xAI Bets Big on Mississippi With $20 Billion Data Center Build
Elon Musk’s artificial intelligence startup, xAI, plans to invest more than $20 billion to develop a large-scale data center in Southaven, Mississippi, according to...
xAI Raises $20B in Series E, Surpassing Funding Target
xAI has successfully closed its Series E funding round, raising $20 billion and surpassing its original target of $15 billion. The milestone marks one...
Copper Prices Break $12,000 Barrier for the First Time on Record
Copper prices climbed to a fresh all-time high on Tuesday, extending a strong rally driven by tightening supply conditions and rising expectations for long-term...
Alphabet Buys Data Center Firm Intersect in $4.75 Billion AI Deal
Alphabet announced on Monday that it has agreed to acquire data center and energy infrastructure company Intersect in a deal valued at $4.75 billion...
Amazon Commits Up to $50B to Boost AI and Supercomputing for...
Amazon announced on Monday that it plans to invest up to $50 billion to expand artificial intelligence and supercomputing capabilities for U.S. government clients...
Wells Fargo’s Forecast Shocks Wall Street: S&P 500 → 7,100
Wells Fargo Raises S&P 500 Target to 7,100 Amid Improving Market Liquidity
Wells Fargo has lifted its year-end 2025 forecast for the S&P 500 to...
From Wells to Wires: Oil Majors Bet on AI Growth
Oilfield Giants Shift Toward AI Infrastructure as Drilling Slows
Major oilfield service companies SLB, Halliburton, and Baker Hughes are pivoting toward AI infrastructure and data...
Cloud Boom: Oracle Aims for $166B in Sales by 2030
Oracle expects its cloud infrastructure revenue to reach $166 billion by fiscal 2030, according to Co-CEO Clay Magouyrk, who shared the forecast on Thursday...
OpenAI Unveils 5-Year Plan to Hit $1 Trillion Spending Target
OpenAI Builds 5-Year Plan to Meet $1 Trillion AI Spending Commitments
OpenAI is developing a five-year roadmap to meet its over $1 trillion spending pledges...
Google Announces $9 Billion AI Infrastructure Investment in South Carolina
Google to Invest $9 Billion in South Carolina to Expand AI Infrastructure
Google, a subsidiary of Alphabet (NASDAQ: GOOGL), announced plans on Monday to invest...
