Meta Secures Multi-Year Broadcom Deal to Power Next-Generation AI Infrastructure
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Meta Secures Multi-Year Broadcom Deal to Power Next-Generation AI Infrastructure

Meta Platforms is significantly bolstering its artificial intelligence capabilities through a long-term strategic partnership with Broadcom. The agreement, which spans through 2029, centers on the development and deployment of Meta’s proprietary Training and Inference Accelerators (MTIA). This initiative is designed to meet the company’s escalating data center demands, with an initial rollout of one gigawatt […]
Lucid Motors Appoints New CEO and Secures $750 Million Capital Injection
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Lucid Motors Appoints New CEO and Secures $750 Million Capital Injection

Lucid Motors has officially ended its search for a permanent leader, appointing industry veteran Silvio Napoli as its new Chief Executive Officer. Napoli, who previously held high-level leadership roles at the Schindler Group, will also join the company’s board of directors. His appointment marks the end of a transition period during which Chief Operating Officer […]
Amazon Scales Satellite Strategy with $11.57 Billion Globalstar Acquisition
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Amazon Scales Satellite Strategy with $11.57 Billion Globalstar Acquisition

Amazon has announced a definitive agreement to acquire satellite communications provider Globalstar in an all-cash deal valued at $11.57 billion. By purchasing the firm at $90 per share, Amazon aims to significantly accelerate the development of its Project Kuiper satellite initiative. This strategic move grants the tech giant access to Globalstar’s established satellite infrastructure and […]
Pillar Secures $20 Million to Modernize Commodity Risk Management with AI
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Pillar Secures $20 Million to Modernize Commodity Risk Management with AI

Financial technology startup Pillar has successfully closed a $20 million seed funding round, marking a significant milestone in the evolution of commodity risk management. The investment, which brings the company’s total capital raised to $23 million since its 2023 launch, was spearheaded by Andreessen Horowitz. Other notable participants in the round included Crucible Capital, Gallery […]
Anthropic Briefs Trump Administration on Restricted ‘Mythos’ AI Model
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Anthropic Briefs Trump Administration on Restricted ‘Mythos’ AI Model

Anthropic has confirmed that it provided a briefing to the Trump administration regarding its highly advanced, unreleased artificial intelligence model, known as ‘Mythos.’ The model, which was unveiled recently, is currently being withheld from public access due to its extreme capabilities in cybersecurity, which the company deems too hazardous for general deployment. This interaction underscores […]
Fluidstack Eyes $18 Billion Valuation as AI Infrastructure Demand Explodes
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Fluidstack Eyes $18 Billion Valuation as AI Infrastructure Demand Explodes

Fluidstack, a specialized provider of data center infrastructure for artificial intelligence, is reportedly in advanced negotiations to secure a $1 billion funding round. If successful, the investment would catapult the company’s valuation to $18 billion, marking a rapid ascent for the firm. Investment firm Jane Street is currently positioned as a potential lead for the […]