Csquare Raises $1.05 Billion in U.S. IPO Amid Strong AI Infrastructure Demand
Data center provider Csquare raised $1.05 billion in its U.S. initial public offering (IPO), highlighting continued investor confidence in companies poised to benefit from the artificial intelligence boom. The Dallas-based firm sold 50 million...
Flex Raises $70 Million, Hits $1.2 Billion Valuation
AI-powered fintech startup Flex has raised $70 million in a funding round led by Halo Fund, the venture firm co-founded by Utah Jazz owner Ryan Smith and Accel partner Ryan Sweeney. According to a...
Reflection Signs $1 Billion AI Compute Deal With Nebius
AI startup Reflection has signed a computing infrastructure agreement worth more than $1 billion with Nebius, securing access to Nvidia’s latest AI chips as demand for computing power continues to surge. The deal expands...
Newspapers Seek Sanctions Against OpenAI in Copyright Lawsuit
A group of newspapers, led by The New York Times and the New York Daily News, has asked a federal court in Manhattan to impose sanctions on OpenAI, alleging the company misled the court...
Meta to Begin AI Chip Production in September to Boost Computing Power
Meta Platforms plans to begin manufacturing its in-house artificial intelligence chip, code-named Iris, from September as part of its strategy to expand AI computing capacity to 14 gigawatts by next year, according to an...
Micron Signs Long-Term Chip Supply Deal with Ford
Micron Technology has signed a long-term agreement with Ford Motor to supply memory and storage platforms for the automaker’s next-generation vehicles. The partnership is aimed at ensuring a stable supply of critical semiconductor components...
Trump Renewable Permit Delays Put $121 Billion Investments at Risk
Renewable energy projects worth more than $121 billion in the United States are facing growing uncertainty as permitting delays linked to the Trump administration’s policies slow the approval process, according to a new report...
US Halts Anthropic AI Model Access Over National Security Concerns
The U.S. Commerce Department has ordered artificial intelligence company Anthropic to suspend global access to its latest AI models, Mythos and Fable 5, citing concerns that the technology could be exploited by military intelligence...
Jury Rules Against Elon Musk in OpenAI Lawsuit
A U.S. federal jury in Oakland, California, ruled against Elon Musk in his lawsuit against OpenAI, finding that the AI company was not liable for allegedly abandoning its original mission of benefiting humanity. The...
Trump Administration Urged to Screen Advanced AI Models for National Security Risks
A U.S.-based advocacy group has urged the Trump administration to introduce mandatory security screening for advanced artificial intelligence models before they are publicly released, citing growing concerns over national security threats. Americans for Responsible...