U.K.-based cloud provider Nscale, whose announced customers include OpenAI and Microsoft, is in negotiations to acquire a massive AI data center site in West Virginia, The Information reported. Amazon, Meta and a cloud ally of Google have also expressed interest in the site. The site is ... Read more ›
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Chinese President Xi Jinping met with some of the country’s biggest tech executives at a symposium in Beijing Monday, in a rare gathering between the private sector and the Chinese leader, according to state media reports. Xi “delivered an important speech” at the symposium, reported state-owned ... Read more ›
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Meta Platforms plans to take up its complaints about European regulations with President Trump, Meta’s global policy director Joel Kaplan said at a conference in Munich, Bloomberg reported. His comments are the latest sign that U.S. tech giants hope to use President Trump’s America-first ... Read more ›
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Meta Platforms’ eyewear partner, EssilorLuxottica, plans to expand annual production capacity for the Ray-Ban Meta smart glasses to 10 million units by the end of next year, CEO Francesco Milleri said last week. Speaking on the company’s earnings call, Milleri also revealed that since the ... Read more ›
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Broadcom has joined TSMC in considering possible deals to buy part of Intel, the Wall Street Journal reported, the latest sign of the U.S. chipmaking icon’s steady decline. Last week officials within the Trump administration asked TSMC, which makes most of the world’s most advanced chips on ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Nuclear power could help tech solve its AI-driven electricity problem, if new reactors can actually get built.• Venture Bets: There’s a vibe shift in nuclear startup investing.• Clean Energy: Fusion, geothermal, solar. It’s not all about nuclear fission.• Plus, our Recommendations, messed-up love edition: A Lynch affair; Kafka for the ChatGPT generation and romance with a Scottish brogue.“This weekend feels like San... Read more ›
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Two big fintechs, banking app Chime and “buy now, pay later” firm Klarna, are getting ready to go public. While they were primping and polishing, they got a pleasant surprise from Washington this week: The Donald Trump administration effectively shut down the top consumer finance regulator. The shuttering of the Consumer Financial Protection Bureau could help the two companies—which offer lending products that received growing scrutiny from the agency in... Read more ›
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Uber has accused DoorDash of engaging in unfair practices by threatening to charge restaurants higher fees if they work with both apps to deliver food to consumers, according to a lawsuit Uber filed Friday in a California state superior court. Uber, which operates Uber Eats food delivery, ... Read more ›
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Elon Musk’s xAI is in talks to raise $10 billion at a $75 billion valuation, according to Bloomberg. Sequoia Capital, Andreessen Horowitz and Valor Equity Partners, three firms that are already existing investors in the maker of the Grok chatbot, are in the discussions, the report said. The ... Read more ›
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Meta Platforms might be laying off staff, but it’s proving to be something of a haven for recently unemployed senior executives. Bloomberg broke news today that the Facebook parent had hired a recently departed CEO of TheRealReal as a vice president of retail, and the former CEO of General Motors’ self-driving–car unit, Cruise, to oversee a new team building humanoid robots. Wowee!Both these hires will be part of the company’s... Read more ›
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OpenAI’s board has formally rejected Elon Musk’s bid to buy the assets of its nonprofit for $97.4 billion, according to a statement posted to X. The decision, which was expected, comes four days after the entrepreneur originally offered to effectively take control of the OpenAI for-profit arm ... Read more ›
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On More or Less: The gang discusses Elon’s latest curveball. Apple Spotify YouTube Read more ›
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Nasdaq is urging the U.S. Securities and Exchange Commission to create a “level playing field” for various venues for trading crypto assets, including national securities exchanges, showing how the exchange operator is trying to ensure it can be among the beneficiaries as the agency overhauls ... Read more ›
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Taiwan Semiconductor Manufacturing Co., the world’s leading manufacturer of advanced chips for artificial intelligence, is considering whether to take a controlling stake in Intel’s chip manufacturing factories after Trump administration officials asked it to do so, according to a Bloomberg ... Read more ›
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Elon Musk’s artificial intelligence startup xAI is looking to set up a new data center as it plans to substantially increase the number of Nvidia chips it uses, according to someone involved in the discussions. The move comes as xAI nears a deal with Dell Technologies, a server maker, to buy $5 ... Read more ›
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Meta Platforms has hired ex-Cruise CEO Marc Whitten to lead a new division in its Reality Labs Department focused on AI-powered humanoid robots. The company has also brought on John Koryl, the former CEO of luxury retailer The RealReal, to help boost retail sales of its wearable devices. The ... Read more ›
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Over the past two years, the explosive growth of artificial intelligence has created a dilemma for tech behemoths: How can their data centers meet AI’s mind-boggling need for electricity without befouling the planet in the process? Amazon, for one, may have found an answer to that question 200 miles southeast of its headquarters, on a patch of sagebrush and tumbleweeds in Richland, Wash. A local public power agency, Energy Northwest,... Read more ›
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Around the time Jigar Shah became director of the loan programs office at the U.S. Department of Energy, his venture capitalist friends gave him an earful about the idea of investing in nuclear power startups. “Like, 20 of my best friends in 2021 told me, ‘Jigar, we will never, ever in a million years invest in nuclear power,’” said Shah, whose office doled out tens of billions of dollars in... Read more ›
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Nuclear isn’t the only source of carbon-free power that has energized the tech industry. For years, solar and wind have been mainstays for tech companies looking to reduce the greenhouse gases emitted by their data centers and other operations. The tech industry is also forming partnerships to build power plants that use new technologies to tap geothermal energy, some of which are already operational. The most speculative, and promising, technology... Read more ›
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Some of the biggest U.S. banks are muscling into crypto services for big funds, investors and traders, taking advantage of fast-loosening regulations under President Donald Trump to launch digital asset versions of businesses they have long dominated. For now, most of the action involves the business of custody, or safekeeping crypto on behalf of investors. State Street, one of the world’s biggest custody banks for stocks and bonds, is planning... Read more ›
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Getaround, a San Francisco-based short-term car rental company, is ceasing operations in the U.S. and laying off most of its U.S. based employees, according to a securities filing made last week. AJ Lee, the company’s COO and interim CEO, will leave the company and will be replaced by interim ... Read more ›
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22.03.2026 08:55
Last update: 08:45 EDT.
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