Groq raises $350M as it pivots from AI chips to neocloud
Groq raised $350 million at a $3.5 billion valuation, down from $6.9 billion last September, to fund its shift from building AI chips to running a neocloud on Nvidia hardware.
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246 storiesNvidia to invest $1.5B in SoftBank-linked data center developer for OpenAI project
Nvidia will invest $1.5 billion in SB Energy, the SoftBank- and OpenAI-linked data center developer building a facility that could scale up to 8 gigawatts.
Hyperscalers might regret their natural gas bet, report warns
A new forecast from energy research firm Noreva warns that natural gas prices could triple in parts of the U.S. as AI data center demand collides with tightening supply.
Nvidia's up to $500B AI data-center plan hinges on backstopping aging GPUs
Nvidia secured up to $500 billion for AI data centers, backed by a promise to cover up to 25% of value lost on GPU collateral.
Fermi names new CEO three months after ousting co-founder
AI nuclear power firm Fermi has hired Lee McIntire as CEO, more than three months after firing co-founder Toby Neugebauer, as it lands its first customer lease.
Form Energy raises $750M to build more up to 100-hour batteries
Battery startup Form Energy raised $750 million to expand manufacturing of its iron-air batteries, which can discharge power for up to 100 hours.
Amazon data center in Texas could become top U.S. climate polluter
Amazon's planned on-site power plant for a Pecos County, Texas data center is permitted to release 33 million tons of CO2 a year, the New York Times reports.
Mirendil signs $100M+ Google Cloud deal for self-improving AI
AI lab Mirendil has signed a multiyear Google Cloud partnership worth upward of $100 million to scale its self-improving AI research, TechCrunch has learned.
Anthropic reportedly signs $10B cloud deal with startup Volta
Anthropic has reportedly signed a $10 billion, six-year cloud-compute deal with AI cloud startup Volta, according to Bloomberg, as part of a broader push to expand its compute capacity.
Texas orders audits of all new data center projects
Texas Governor Greg Abbott ordered the state's utility commission and grid operator to audit every new data center project after ERCOT's connection-request queue swelled to 474 gigawatts this year.
Runware launches a portable, modular data center pod
AI infrastructure company Runware announced on Tuesday the launch of Sonic Inference Pod, a single transportable modular data center it says can offer inference at higher quality but lower cost than other serverless inference platforms and GPU clouds.
Startup EON bets on laser satellites to link data centers from orbit
Endeavor Optical Networks, a startup founded in May, emerged from stealth with $10.75 million in seed funding from General Catalyst and Andreessen Horowitz to build a network of laser-equipped satellites linking data centers from orbit.
AWS is helping vibe-coding startup Superblocks, and the implications are big
Superblocks has signed a multiyear joint marketing agreement with AWS that lets its vibe-coding tool run inside the private clouds of AWS enterprise customers, part of a broader push by cloud providers to keep AI orchestration and app-building tools off frontier labs' platforms.
Valar Atomics raises $1B round led by Sequoia's Shaun Maguire
Nuclear startup Valar Atomics has raised $1 billion in equity in a round led by Sequoia, with partner Shaun Maguire joining its board, plus a $200 million credit line from Erebor and other banks.
SpaceX won't fully remove xAI's unpermitted turbines until 2027
SpaceX says it will remove the unpermitted gas turbines powering xAI's Memphis-area data centers, but the last of them won't be gone until July 2027.
Investors love AI — if you're the cloud host
Amazon's stock jumped nearly 10% after strong cloud growth, underscoring a pattern where investors reward AI infrastructure providers even as they stay skeptical of the AI labs and startups actually driving the spending.
Nscale buys Anyscale for $1.65B to expand its AI compute stack
British AI neocloud Nscale is reportedly paying $1.65 billion for Anyscale, the AI workload-scaling startup behind the open-source Ray framework, as it looks to capture more of its customers' AI spending.
PJM to cut power to large data centers to avert US grid blackouts
PJM, the largest US grid operator, will curtail power to data centers and other large users during shortages starting June 2027, after a capacity auction fell short.
Recursive Superintelligence signs $410M AWS compute deal
AI startup Recursive Superintelligence signed a $410 million, multiyear compute deal with Amazon Web Services to scale its self-improving AI systems, with no investment component.
A fallen power line exposed a growing AI data center risk
A downed power line near Washington, DC, triggered a nearly simultaneous drop of more than 3 gigawatts of data-center load from the PJM grid this week, and it took more than 10 minutes to stabilize.