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Nvidia to Invest Up to $3 Billion in Blackstone-Backed Power Firm Behind Stargate

Nvidia has agreed to invest $2 billion into Lancium, the power infrastructure developer behind the OpenAI and Oracle AI campus in Texas, and has agreed to commit another $1 billion as the developer secures additional planned power, three people familiar with the transaction said. The deal values Lancium and its portfolio of land and power connections at around $10 billion in enterprise value, which includes the investment and its debt. The $2 billion would give Nvidia a roughly 20% stake in...

Meta Must Pay $567 Million in New Mexico Child Safety Case

The penalty comes after a jury ordered Meta to pay $375 million in March, bringing the company’s total penalties in the case to $942 million.

SK Hynix to Start Building Two New Chip Fabs Next Year

The South Korean firm is expanding production capacity as the global AI boom boosts demand for memory chips.

Beijing Launches Cybersecurity Review of Palo Alto Networks’ Products

The move comes amid escalating trade friction and tech rivalry between the U.S. and China.

Datadog Says Largest Customer Reduced Spending, Shares Drop 19%

Datadog investors seem concerned about why its largest customer is cutting its spending, but the answer may lie in the company's usage-based business model.

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Salesforce Plans 133 Layoffs in Washington, California

Some 74 employees will be cut in San Francisco, California, while 59 will be laid off in Bellevue and Seattle, Washington.

OpenAI Asks Judge to Dismiss Apple Lawsuit

In its motion to dismiss, the AI startup accused Apple of failing to provide evidence of specific trade secrets that OpenAI employees stole.

Alphabet Draws Strong Demand for $25 Billion Debt Sale With Higher Yields

The parent of Google offered a new-issue concession to attract buyers and move beyond a period in which investors had shown less appetite for tech company debt.

OpenAI’s Smart Speaker Will Cost Over $300

The first device in OpenAI’s new family of hardware devices is expected to be released next year.
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Exclusive: Stripe in Exclusive Talks to Buy Startup OpenRouter for Around $10 Billion

OpenRouter has been fielding takeover interests from other big tech companies.

SoftBank Borrows Against OpenAI Stake as It Invests More

The loan is the latest sign of the financial high-wire that the Japanese investment giant is walking with its OpenAI foray.

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