Alibaba reported a 75% drop in quarterly profits as capital expenditure rose to $10 billion, driven by heavy investment in AI computing capacity and hardware. Despite the profit decline, revenue grew 9% and the cloud division saw a 45% increase.
Shanghai released a five-year plan to boost its digital economy, aiming for 100 per cent blockchain adoption across key industries by 2030 while enhancing AI infrastructure to rival Beijing and Shenzhen.
Nvidia is acting as a matchmaker by connecting companies holding its GPUs with data-center operators in the Nordics, expanding its influence across the AI infrastructure ecosystem amid surging demand for power and land.
Nvidia is deploying its record-breaking cash reserves to fund a $105 billion OpenAI data center in Ohio and partner with Wall Street firms to finance GPU infrastructure, aiming to maintain its AI market lead against rising competition from AMD and Google.
Nvidia collaborates with six Wall Street firms to create 'compute financing platforms,' enabling AI companies to borrow up to $500 billion, secured by Nvidia's chips and infrastructure, to fuel the AI boom despite growing capital expenditure pressures.
Police Scotland has warned of potential protests against a planned AI datacentre in Larbert, as public opposition to energy-intensive AI infrastructure grows across the UK.
Wintermute plans to invest up to $1 billion in AI data centers and high-frequency trading over five years, aiming for non-crypto activities to constitute over 50% of its business by 2027.
Nvidia partners with Wall Street firms to raise $500 billion for AI infrastructure, amid rising Middle East shipping attacks and Japan's currency slide.
Nvidia CEO Jensen Huang unveiled a plan with top Wall Street firms including Goldman Sachs and BlackRock to raise $500 billion or more to finance AI infrastructure, treating AI systems as a new asset class.
Bitcoin miner Riot Platforms has secured a 20-year agreement to supply 191 megawatts from its Texas campus to AI firm Anthropic in a deal reportedly valued at $9 billion.
Nvidia has partnered with major Wall Street investors including BlackRock, Goldman Sachs, and KKR to raise $500bn for artificial intelligence infrastructure, treating AI hardware as an independent asset class for the first time.
Nvidia partnered with six major asset managers including BlackRock and Goldman Sachs on a $500 billion financing initiative to establish AI compute as a bankable asset class, enabling customers to fund data centers and hardware without depleting balance sheets.
Nvidia has partnered with six major Wall Street firms to raise over $500bn for AI infrastructure, including datacentres, chip factories, and power stations, amid warnings from the Bank of England over financial stability risks.
Meta CEO Mark Zuckerberg addressed the company's May layoffs of 8,000 employees and surging Q2 expenses during an earnings call, while defending massive investments in AI infrastructure.
Galaxy Digital reported an $85 million Q2 net loss driven by lower digital-asset prices, even as Phase I capacity under its CoreWeave lease began contributing. The company expects $80 million in quarterly leasing revenue starting in Q3.
BitMEX co-founder Arthur Hayes warns the AI infrastructure boom, fueled by debt, could spark a 2008-like credit crisis. He predicts a government liquidity response could then propel Bitcoin to $1 million.
Donald Trump claimed that China is funding resistance against new US artificial intelligence infrastructure to hinder American progress, while praising data centers as economic assets.
The global AI race is splitting into contrasting US and Chinese pathways. The US relies on technological frontier control and trusted partnerships, while China offers affordable models and local deployment, each creating different forms of international dependence.
Cloncurry Mayor Greg Campbell suggests building Australia's next generation of AI data centres in remote outback Queensland to ease urban pressure, contingent on energy projects like CopperString.
AI infrastructure company Runware has launched its 'Sonic Inference Pod,' a modular, transportable data center designed for flexible AI compute, offering higher quality inference at a lower cost compared to serverless platforms and GPU clouds.
Samsung Electronics reported a record operating profit of ₩89.5 trillion for the April-June period, boosted by AI-driven chip demand, while warning that memory chip shortages could persist into 2028.
Chinese tech giants are facing increasing market scrutiny to prove that their substantial artificial intelligence investments will generate sustainable profits, mirroring the pressure felt by US tech firms like Meta and Alphabet over their AI spending.
Ionic Digital, a Bitcoin miner and AI infrastructure company formed from Celsius Mining's assets, saw its shares rise 26% to $62.90 in its Nasdaq debut, valuing the company at $2.8 billion.
Moody's warns that the trillion-dollar annual spending on AI infrastructure by hyperscalers (Microsoft, Amazon, Alphabet, Meta, Oracle, CoreWeave) is eroding their free cash flow and increasing balance-sheet risk, despite robust demand for AI computing.
