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Sarvam Raises $234M, Becomes India's Newest AI Unicorn
Indian IT services company HCLTech is investing $150 million in the Bengaluru startup.
SpaceX Acquires Cursor for $60B in Stock to Boost AI Division
The deal is supposed to help SpaceX's struggling AI division. The company told IPO investors it sees a $26 trillion addressable market in AI.
Top AI Firms Spend $7,500 Monthly on AI per Employee
The most AI-obsessed firms are spending roughly $7,500 monthly per employee on AI, per Ramp AI Index. That's not more than an engineer's salary — yet.
Amazon Borrows $17.5B for AI Spending Amid Debt Surge
Companies are burning through exorbitant sums of money to keep pace in the AI arms race. Debt is climbing.
Trump Eyes Equity in OpenAI for American AI Success
President Donald Trump said he's discussing deals "where the American people can benefit from the success of AI."
AirTrunk Plans $30B AI Data Center Expansion in India
The Australian data center operator plans to set up 5GW of capacity in India.
GitLab Reduces Workforce by 14% to Scale AI Infrastructure
The company is reducing its workforce as it exits 22 countries, reduces management layers, and invests in its infrastructure to scale its platform.
Alphabet Raises $85B for Google's AI: Investor Interest Soars
If Alphabet's record-breaking $85 billion stock sale signals investor appetite for AI-related offerings, we can see that investors are ready to chow.
Benchmark Raises $2B Growth Fund, Breaks 20-Year Tradition
The legendary abandons its more than 20 year tradition of keeping its funds to about $425 million.
Unastella Secures $24M for South Korean Rocket Development
The Seoul-based rocket startup is developing its own launch vehicles and engines.
Convective Capital Raises $85M for Disaster Resilience
After launching to invest in fire tech, Convective is broadening its mandate to disaster resilience.
Nvidia's Record Quarter: $43B in Startup Holdings, Growth to Slow
Nvidia announced another record revenue figure after market close on Wednesday, but forecasted that revenue growth would slow in the following quarter.
Elon Musk's xAI to Buy $2.8B in Natural Gas Turbines for Data Centers
Elon Musk's xAI said it will buy $2.8 billion worth of natural gas turbines over the next three years, according to SpaceX's IPO filing.
Anthropic Aims for First Profitable Quarter with $10.9B Revenue
Anthropic has told its investors that it will more than double revenue to around $10.9 billion in its second quarter.
Eclipse's $2.5B Cerebras Win: AI Infrastructure Milestone
Investing in the real world was lonely for Lior Susan 10 years ago. Now his firm finds itself at the center of the tech world's action.
Cerebras IPO: Benchmark's Billion-Dollar Bet on AI Hardware
Benchmark almost never backs hardware startups. So Eric Vishria dragged his feet 10 years ago before agreeing to hear Cerebras' pitch.
Anduril Raises $5B, Doubles Valuation to $61B in 2025
After achieving $2.2 billion in revenue in 2025, the defense tech startup has raised another massive round, led by Thrive and a16z, it says.
Fervo Energy's AI-Powered IPO Surges 33% on Demand
Fervo Energy's IPO was upsized several times after potential investors asked why the enhanced geothermal startup wasn't raising more money.
Nvidia Invests $40B in AI Equity Deals in 2023
Nvidia continues to be a big investor in the AI ecosystem.
Korea's Biggest Manufacturers Back Config for Robot Data
Samsung, Hyundai and LG just bet on the startup that wants to be robotics' data backbone.
AI Infrastructure Startup Secures Funding for Scalable Inference Stack
News about venture investment in scalable AI inference infrastructure.
Anthropic Seeks $900B+ Valuation in Upcoming AI Fundraise
Anthropic is asking investors to submit allocations for the AI company’s latest fundraise within the next 48 hours, according to sources familiar with the matter.
Anthropic Aims for $900B Valuation in New Funding Round
The maker of Claude has received multiple pre-emptive offers at valuations in the $850 billion to $900 billion range, according to sources familiar with the matter.
SoftBank's Robotics Venture Eyes $100B IPO for AI Infrastructure
You need infrastructure to build AI a and robots, but apparently you also need AI and robots to build infrastructure.
Nvidia Exec: AI Currently More Expensive Than Human Workers
Nvidia’s vice president of applied deep learning, Bryan Catanzaro, recently stated that for his team, “the cost of compute is far beyond the costs of the employees,” highlighting that AI is currently more expensive than human workers. This challenges the narrative that widespread tech layoffs (including Meta’s planned cut of \~8,000 jobs and Microsoft’s voluntary buyouts) signal an imminent replacement of humans by AI. An MIT study from 2024 supports this, finding that AI automation is economically viable in only 23% of roles where vision is central, and cheaper for humans in the remaining 77%. Despite heavy AI investment—Big Tech has announced $740 billion in capital expenditures so far this year, a 69% increase from 2025—there is still no clear evidence of broad productivity gains or job displacement from AI. AI spending is driving up costs, with some executives like Uber’s CTO saying their budgets have already been “blown away.” Experts describe the situation as a short-term mismatch: high hardware, energy, and inference costs make AI less efficient than humans right now, though future improvements in infrastructure, model efficiency, and pricing models could tip the balance toward greater economic viability in the coming years.
Hyperscale Data Center in Utah: Powering AI and Jobs
A massive **hyperscale data center project** in rural **Box Elder County, Utah**, led by Shark Tank investor Kevin O’Leary through his company O’Leary Digital (also known as the **Stratos Project** or **Wonder Valley**), is nearing final approval. The development, spanning about 40,000 acres of private land plus 1,200 acres of military and state-owned property, aims to host hyperscale data centers for tech giants like Amazon, Microsoft, and Google. It would generate its own power via natural gas from the Ruby Pipeline — starting at around 3 gigawatts in the first phase and scaling to 9 gigawatts at full buildout, exceeding Utah’s current statewide electricity consumption. Proponents highlight benefits including 2,000 permanent high-paying jobs, substantial tax revenue for Box Elder County (potentially $30 million initially, rising above $100 million annually), funding for modernization at Hill Air Force Base, and advanced water recycling technology that cleans and returns water to an aquifer feeding the **Great Salt Lake**, with minimal net usage. To attract the limited pool of hyperscalers, the Military Installation Development Authority (MIDA) has approved aggressive incentives, including slashing the energy use tax from 6% to 0.5%, significant property tax rebates (with 80% initially directed back to the developer), and personal property tax relief on rapidly depreciating equipment. The project still requires final sign-off from the Box Elder County Commission, which rescheduled its vote to Monday morning after commissioners expressed concerns about the rapid timeline and sought more resident input and legal review. O’Leary has praised Utah’s pro-business speed and framed the initiative as critical for U.S. competitiveness against China in AI and data infrastructure.