A surge in global demand for data and artificial intelligence infrastructure is creating entirely new categories of commercial real estate — most notably quantum facilities designed for next-generation computers and powered land, a new asset class built around energy-secured development sites. Powered land refers to property prepared for large-scale data center operations, complete with permits, […]
IBM’s stock dropped by up to 6% in after-hours trading on Wednesday, following the release of its second-quarter earnings report. While the tech giant exceeded analysts’ expectations for both earnings and total revenue, a shortfall in software sales led to investor concern. The company reported adjusted earnings of $2.80 per share, outperforming the expected $2.64. […]
Shares of TeraWulf surged more than 10% after Google boosted its investment in the bitcoin mining and datacenter operator, backing the expansion of its Lake Mariner facility in New York. The deal adds up to $1.4 billion in fresh backstop funding, raising Google’s total commitment to about $3.2 billion and increasing its ownership stake from […]
Today SpaceX stands as a $400 billion giant, central to U.S. space operations — but its journey to dominance was far from smooth. Founded in 2002 by Elon Musk with funds from the sale of PayPal, the company set out to disrupt an industry long controlled by legacy players. Its first rocket, Falcon 1, was […]
Govini, a defense technology software startup competing with Palantir, has surpassed $100 million in annual recurring revenue (ARR), marking a major milestone in its rapid growth. “We’ve been scaling at a compound annual growth rate above 100% over the past three years, and we expect to continue on that trajectory,” said CEO Tara Murphy Dougherty. […]
The state of New Jersey has filed a lawsuit against Amazon, accusing the company of systematically discriminating against thousands of pregnant employees and workers with disabilities across its warehouses. Filed in Essex County Superior Court by Attorney General Matthew Platkin’s office, the complaint claims Amazon violated New Jersey’s anti-discrimination laws by unfairly denying or delaying […]
The debate over whether artificial intelligence is heading toward a market bubble has become one of the most discussed topics among global investors. While some experts, including billionaire investor Ray Dalio, have raised concerns about market overvaluation, others see today’s AI surge as fundamentally different from previous tech frenzies. One such optimist is Magnus Grimeland, […]
Just days after Astronomer CEO Andy Byron stepped down, the company’s top HR executive, Kristin Cabot, has also resigned following a widely circulated incident at a Coldplay concert. “Kristin Cabot is no longer with the company,” a spokesperson confirmed in a Thursday email. Cabot served as Astronomer’s Chief People Officer. The controversy erupted after concertgoers […]
Electronic Arts (EA) announced Monday that it will be taken private in a massive $55 billion all-cash acquisition led by Saudi Arabia’s Public Investment Fund (PIF), Silver Lake, and Affinity Partners. Under the agreement, EA shareholders will receive $210 per share in cash, marking one of the largest leveraged buyouts in Wall Street history. The […]
Amazon is set to acquire Bee AI, a San Francisco-based startup known for its AI-powered wearable device, marking another strategic move by the tech giant to deepen its investments in generative artificial intelligence. Bee AI’s flagship product is a $49.99 wristband that resembles a smartwatch and comes equipped with built-in microphones and AI capabilities. The […]