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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.