Elon Musk's AI company xAI has acquired a 1 million-square-foot property in Memphis to expand its AI data center operations, complementing its existing facility. The company plans to upgrade its primary Memphis facility...
AI startup Anthropic has raised $3.5 billion in a Series E funding round led by Lightspeed Venture Partners, bringing the company's total funding to $18.2 billion. The investment will support Anthropic's development of a...
Amazon has announced plans to spend over $100 billion on capital expenditures in 2025, with the vast majority dedicated to AI capabilities for its AWS cloud division. This represents a significant increase from Amazon's...
Despite Chinese AI startup DeepSeek making waves with its cost-efficient models, Alphabet is significantly increasing its AI investments to $75 billion this year, a 42% increase. Google CEO Sundar Pichai acknowledged Dee...
Chinese AI startup DeepSeek released its R1 model which demonstrates impressive functionality using fewer resources than comparable US models. This development caused Nvidia's stock to plummet 16.9%, wiping nearly $600 b...
