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Meta will begin cutting approximately 8,000 jobs on 20 May, the largest single round of layoffs the company has undertaken since its 2023 restructuring, in a move that lays bare the scale of Mark Zuckerberg’s bet that artificial intelligence infrastructure is worth more than the people it replaces.
IREN closed $3 billion in convertible notes at a 1% coupon due 2033 to fund AI cloud expansion following its Nvidia and Microsoft deals.
Bitcoin miner turned AI infrastructure operator secures one of the sector’s largest financings as investor demand drives multiple upsizes.
Cerebras Systems, the Silicon Valley chipmaker that built the world's largest commercial AI processor, erupted onto the Nasdaq on Wednesday, opening at $350 per share — nearly double its $185 IPO price — and rocketing past a $100 billion market capitalization in its first hours of trading. The debut
While the miner said bitcoin remains its operational foundation, first-quarter results point to a company increasingly built around power, data centers and AI demand.
As the race to dominate artificial intelligence heats up, major technology firms are escalating their borrowing. Alphabet plans to launch its debut bond sale in yen, while Amazon is eyeing its initial offering in Swiss francs. These actions reflect the worldwide push for AI investment, showcasing ho
ByteDance has significantly increased its AI infrastructure spending by 25% to 200 billion yuan ($29.4 billion) this year, driven by rising memory chip costs and an expanded AI focus. The Chinese tech giant is prioritizing domestic AI chips, aligning with Beijing's push for local technology amid US
For the last 24 months, one narrative justified every over-provisioned data center and bloated IT budget: the GPU scramble. Silicon was the new oil, and H100s traded like contraband. Reserve capacity now or your enterprise would be left behind. The bill is now due, and the CFO is paying attention. G
Shares in Akamai Technologies Inc. surged more than 26% in late trading today after the cybersecurity and cloud computing company reported in-line first-quarter results and disclosed a $1.8 billion, seven-year commitment from a leading U.S.-based frontier model provider for its cloud infrastructure
Running everything on frontier models is an operational mistake. Here is the routing architecture that reduced cost per task from $8.20 to $2.44 in production GPT-5.5 costs 34x more than DeepSeek V4-Pro. 95% of your queries do not need frontier. Routing (upfront decision) and cascading (confidence-b
Bitcoin Magazine K Wave Abandons Bitcoin Treasury Plan, Shifts to AI Infrastructure Play with $485M War Chest Nasdaq-listed K Wave Media is abandoning its high‑profile bitcoin treasury plan and recasting itself as an AI infrastructure company. This post K Wave Abandons Bitcoin Treasury Plan, Shifts
K Wave Media is redirecting up to $485 million from a Bitcoin treasury strategy into AI infrastructure, alongside debt reduction and restructuring, per a Form 6-K filing.
Presented by Nutanix As enterprises move from AI experimentation into production deployment, the primary cost driver has shifted away from foundation model training and toward the infrastructure required to run thousands of concurrent inference workloads at scale, with agentic AI as the accelerant.
Every cloud beat. Every capex forecast rose. That is the two-sentence summary of the biggest earnings day of 2026, and it tells you almost everything you need to know about where Big Tech’s AI infrastructure spending actually stands right now. Microsoft, Alphabet, Meta, and Amazon collectively commi
Information technology services company Cognizant Technology Solutions Corp. today announced it agreed to acquire Astreya Inc., a San Jose-based information technology managed services firm specializing in artificial intelligence infrastructure and data center operations. The deal is worth about $60
The deal, Cognizant’s fourth major acquisition in 18 months, is designed to plug a specific gap in its AI builder strategy: the ability to design, build, and run the physical data centre infrastructure that enterprise AI actually runs on. Cognizant has agreed to acquire Astreya, a San Jose-based IT
Amazon Web Services Inc. has inked a multiyear deal to supply Meta Platforms Inc. with cloud infrastructure. Bloomberg reported today that the agreement is worth billions of dollars. The deal centers on AWS’ Graviton family of internally-developed central processing units. According to the company,
If you've tried building anything serious on top of large language models (LLMs) recently, you've probably run into this: "Thinking" is supposed to make models better. In practice, it makes your infrastructure worse. This isn't a model problem—it's an infrastructure and abstraction problem. And it's
Thinking Machines Lab Inc. will expand its use of Google LLC’s cloud platform as part of a partnership the companies announced this morning. TechCrunch cited a source as saying that the deal is valued in the “single-digit billions.” Thinking Machines is an artificial intelligence startup led by Chie
Vast Data Inc. today said it has raised about $1 billion in a late-stage Series F funding round that values the company at $30 billion amid growing demand for infrastructure to support artificial intelligence workloads. Founder and Chief Executive Renen Hallak (pictured) said the size of the round w
