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For the past two days, I’ve been at JP Morgan’s annual tech conference in Boston. As usual, AI has dominated most of my conversations with investors. But in a change from the past few months, it’s not Anthropic and OpenAI driving those discussions—but hardware and utility companies a few steps removed from what the AI model makers do.On Monday, for example, NextEra Energy and Dominion Energy agreed to a $400 billion tie-up driven in part by AI’s voracious demand for energy, the two utility giants said. That
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The Information
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A PG&E Corp. unit has bought a San Jose building in a move to bolster the utility's South Bay operations. Read more ›
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The Information
SK Hynix plans to double its memory chip capacity within five years as AI demand keeps straining global supply, Bloomberg reported. The expansion can ease one of the biggest hardware constraints facing AI data centers. Chairman Chey Tae-won said in Taipei that the memory crunch could persist ... Read more ›
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Amazon has been pitching its advertising business as an “everything store” for media—where brands can buy ads that run on everything from Thursday Night Football and streaming site Twitch to media it does not own, like Netflix and Spotify. Despite that united front, behind the scenes the company has been relying on an increasing number of outside firms to help sell ads in parts of its sprawling global media business.... Read more ›
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AI coding startup Cognition is revamping its app to help users manage coding agents from many providers, executives told The Information. Cognition is betting that being a neutral platform will strengthen its hand in the increasingly competitive market for AI coding tools.The change, to be announced on Tuesday, involves the Windsurf application it bought last year, which Cognition is transforming into Devin Desktop. While the product’s name is a reference... Read more ›
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SpaceX is negotiating to pay the banks working on its potentially record-breaking initial public offering a smaller than normal slice of the proceeds even by mega-IPO standards, Bloomberg reported on Tuesday. SpaceX is aiming to raise about $75 billion, more than any other IPO in history, The ... Read more ›
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SpaceX is seeking a valuation of $1.75 trillion in its initial public offering next week, including additional shares the underwriting banks could sell if investor demand is strong, according to people familiar with the matter. The latest valuation target solidifies earlier discussions previously reported by The Information, though is short of the up to $2 trillion some previous reports suggested. SpaceX is aiming to raise at least $75 billion in... Read more ›
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President Trump signed a revised version of a long-anticipated executive order on Tuesday that creates cybersecurity guardrails around frontier AI models. The signing, which was done in private, comes less than two weeks after Trump canceled a signing ceremony for a different version of the ... Read more ›
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Snowflake CEO Sridhar Ramaswamy on Monday became the latest executive to voice concerns over rising AI costs.“Are we worried about how much we are spending on AI inference across our internal teams? Absolutely,” he told my colleague Laura during Snowflake’s annual conference in San Francisco. (Snowflake is a major customer of Anthropic, OpenAI and other AI model developers.)But Snowflake and other companies are also finding ways to save money. As... Read more ›
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Microsoft on Tuesday unveiled a new desktop PC powered by an Nvidia processor geared towards developers who want to run AI models locally. The new PC, called the Surface RTX Spark Dev Box, is powered by Nvidia’s new Arm-based chips announced earlier this week. Microsoft previously announced a ... Read more ›
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OpenAI announced specialized features within its Codex coding app designed to help with tasks ranging from product design to investment banking, as it seeks to compete with Anthropic for business customers. At an event Tuesday emphasizing its enterprise efforts, OpenAI also said it will put ... Read more ›
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Microsoft on Tuesday revealed new AI software geared towards developers and corporate customers, including homegrown AI models and new tools that aim to let corporate customers develop AI agents that can draw on internal company data to automate workplace tasks. The announcements come as ... Read more ›
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09.06.2026 01:22
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