American TV host, investor and author
A flurry of deals links data centers with distributed energy resources. Companies are coordinating rooftop solar, home batteries and grid-scale storage to meet rising AI demand, while utilities consider new projects and regulators weigh environmental impacts.
Meta is pursuing a cloud compute business, potentially selling access to excess AI compute power and/or hosted AI models. The move follows high AI infrastructure spending and could reshape the company’s revenue flow beyond advertising. Investors have reacted positively, while rivals and early pilots offer a benchmark for profitability.
Publishers led by The New York Times have filed a sanctions motion accusing OpenAI of hiding searchable training datasets and millions of de‑identified ChatGPT logs that could show whether the company reproduced copyrighted journalism in its outputs. Depositions have revealed OpenAI held large log samples and internal regurgitation-detection tools; plaintiffs say the sample provided to courts was unusable.
IBM has warned of a performance shortfall as customers reallocate budgets toward AI infrastructure and cybersecurity. The miss comes ahead of a Q2 earnings call, with executives noting a shift in spending to servers, storage, and memory and delaying large deals.
AMD has unveiled its Helios AI rack system at Advancing AI in San Francisco, promising higher throughput and lower cost per token. The system targets hyperscalers and data centers, with partnerships across Microsoft, Anthropic, OpenAI, and others. The move intensifies the race with Nvidia as AMD argues Helios delivers greater inference efficiency.
The story tracks the unwind of Leopold Aschenbrenner’s Situational Awareness, a hedge fund focused on AI infrastructure, which has triggered a wave of volume and has affected shares in AI-related infrastructure and chipmakers. Citadel’s public-equity purchases helped ease fears, and analysts say earnings and broader market dynamics are now driving prices.
OpenAI and Apple are locked in a widening trade secrets dispute. Apple seeks expedited discovery and alleges misconduct by former Apple employees now at OpenAI; OpenAI rebuts with published iMessages and claims Apple misrepresented facts. The dispute centers on alleged theft of confidential hardware information and the handling of staff transitions.
Shopify has reported strong quarterly results as AI-enabled tools drive traffic and orders to its platform, with AI search helping smaller brands compete. Revenue and GMV beat expectations, while concerns over AI-related costs and margins persist.
Meta has released Muse Code, a beta terminal coding agent powered by Muse Spark 1.2, enabling complete software engineering tasks across large repos. It can plan changes, write code, validate results, and run tasks across multiple agents, all from a single command line. The tool is priced pay-as-you-go with a cheaper contributor tier and competes with Claude Code and Codex.
OpenAI has rejected Apple’s trade secrets allegations, arguing that Apple’s own security practices weaken the claim. The filings, published this week, argue that former Apple employees joined OpenAI to pursue innovative AI work, not to steal confidential information. The case continues as both sides prepare for further court action.
Memory prices for DRAM and related chips have spiked as demand from AI-focused data centers, smartphones and consoles outpaces supply. Producers are locking up long-term memory supply, raising costs for consumer devices and cloud services. Apple is testing CXMT memory amid broader price pressures.
The US Treasury has announced "Operation Economic Outcast," expanding secondary sanctions and targeting Iran's digital assets, technology, gold, aviation and shipping to sever Tehran's revenue streams. Washington has designated about 60 individuals, companies and vessels worldwide; Iran says it is prepared with contingency plans and vows to pursue both defence and diplomacy.
Nvidia has reported another monster quarter, surpassing expectations with a 70% forecasted revenue increase for fiscal 2028 while signaling broader AI infrastructure growth. The company notes demand is accelerating, while supply constraints and rising memory costs pose ongoing challenges. Nvidia is expanding its financing partnerships to back AI data centers, and Meta’s $16.7 billion settlement adds regulatory attention to the AI stack.
Nvidia’s leadership is urging accelerated data-center expansion as the AI buildup intensifies. Bloomberg reports demand is surging in equipment purchases and R&D as the company reframes infrastructure as mandatory for national prosperity. Governors push back on new facilities while industry advocates frame AI build-out as energy-efficient and job-creating.
Nvidia has reported stronger-than-expected results, guiding to 70% revenue growth for fiscal 2028 amid robust demand for AI chips. Amazon plans to buy 2 million Nvidia GPUs, underscoring sustained AI infrastructure buildout. The broader market questions whether hyperscaler demand will endure as memory-supply pressures persist.
Investors are reassessing AI-linked equities as leaders including Anthropic, Altman and Musk call for slowing frontier AI development. Asia and Western markets have seen declines in chipmakers, AI infrastructure and related stocks as investors weigh safety measures and regulatory considerations.