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Elizabeth Warren Targets Amazon, Google, Microsoft And Meta After Warning That AI Data Centers 'Use As Much Electricity As 100,000 Households'
Benzinga91d agoneutral
Elizabeth Warren Targets Amazon, Google, Microsoft And Meta After Warning That AI Data Centers 'Use As Much Electricity As 100,000 Households'

On Tuesday, Sen. Elizabeth Warren (D-Mass.) launched a renewed push to examine whether the rapid expansion of AI data centers run by major technology companies is driving up electricity costs for American households. Warren Raises Alarm Over AI Power Consumption In a post on X, Warren said that "a single AI data center uses as much electricity as 100,000 households." She argued that utility companies are shifting infrastructure upgrade costs onto consumers instead of Big Tech firms. "Utility com

SoftBank profit more than triples to $12 billion on OpenAI stake gains
Reuters91d agoneutral
SoftBank profit more than triples to $12 billion on OpenAI stake gains

Technology investor SoftBank Group reported on Wednesday that its net profit more than tripled to 1.83 trillion yen ($11.60 billion) in ‌the January-March quarter, as it booked gains on its investment in ChatGPT-maker OpenAI. It ‌was SoftBank's fifth consecutive quarterly profit, with the Vision Fund investing arm booking an OpenAI-driven gain of 3.1 ​trillion yen in the quarter. SoftBank founder and CEO Masayoshi Son is one of OpenAI's most enthusiastic backers, with the group saying its cumulative gains on the investment total $45 billion.

NiSource Q1 Earnings Call Highlights
MarketBeat91d agoneutral
NiSource Q1 Earnings Call Highlights

NiSource (NYSE:NI) reaffirmed its 2026 earnings outlook and raised its long-term growth expectations after reporting first-quarter adjusted earnings that management said reflected regulatory execution, infrastructure investment recovery and growing momentum in its data center strategy. The regulate

Elon Musk Wants To Build 'Most Advanced' Spaceports Across The US And World As Starship Aims For Thousands Of Flights Each Year
Benzinga91d agoneutral
Elon Musk Wants To Build 'Most Advanced' Spaceports Across The US And World As Starship Aims For Thousands Of Flights Each Year

SpaceX is scouting possible U.S. and overseas locations to build new "spaceports," CEO Elon Musk said on Tuesday, as the company prepares for a future in which its massive Starship rocket could launch thousands of times a year. Musk Says SpaceX Seeks New Spaceports Musk took to X to state, "SpaceX is considering several locations domestically and internationally to build the world's most advanced spaceports!" He quoted a post from SpaceX that said the company intends to launch Starship frequentl

Alibaba, Tencent AI Bets Face ‘Show Me the Profits’ Scrutiny
Bloomberg91d agoneutral
Alibaba, Tencent AI Bets Face ‘Show Me the Profits’ Scrutiny

(Bloomberg) -- Chinese investors are heading into the earnings season demanding proof that billions in AI spending by tech giants is paying off.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyMamdani Scraps Property Tax Hike, Counts Second-Home RevenueIran Makes New Offer on Uranium in Response to US, WSJ SaysThat spotlight will fall on Alibaba Group Holding Ltd. and Tencent Holdings Ltd. whe

Waymo recalls thousands of robotaxis for surprising reason
TheStreet91d agobearish
Waymo recalls thousands of robotaxis for surprising reason

On April 20, an unoccupied Waymo robotaxi encountered a flooded section of road in San Antonio during extreme weather. Instead of stopping, it slowed down and kept going. The vehicle was swept into Salado Creek. It had to be recovered from the waterway days later. Ten days after that incident, ...

Investing.com91d agoneutral
Anthropic targets $900 billion valuation in massive new funding round - Bloomberg

Investing.com -- The artificial intelligence startup Anthropic PBC is seeking to raise at least $30 billion in a new financing round, according to reporting from Bloomberg, citing people familiar with the matter. This capital injection would represent the firm's largest funding effort to date as it scales to meet intense market demand. Discussions are currently centered on a pre-money valuation exceeding $900 billion for the developer of the Claude chatbot. While one source indicated the round c

Bloomberg91d agoneutral
Anthropic In Talks to Raise $30 Billion at $900 Billion Valuation

(Bloomberg) -- Anthropic PBC is in early talks with investors to raise at least $30 billion in fresh financing, according to people familiar with the matter, setting the stage for what could be its largest funding round yet.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyIran Makes New Offer on Uranium in Response to US, WSJ SaysMamdani Scraps Property Tax Hike, Counts Second-Home RevenueThe

Alphabet SpaceX Talks Put Orbital Data Centers And Valuation In Focus
Simply Wall St.91d agoneutral
Alphabet SpaceX Talks Put Orbital Data Centers And Valuation In Focus

Alphabet and SpaceX are reported to be in advanced talks to launch Google data centers into orbit. The potential partnership would combine Alphabet's cloud and AI capabilities with SpaceX's satellite launch and Starlink infrastructure. The move would aim to create space based data centers that could support global connectivity and new types of cloud services. For investors watching Alphabet (NasdaqGS:GOOGL), this potential partnership comes at a time when the stock trades at $388.64 and has...

SEALSQ Corp (LAES) Files Patent Eyeing Post-Quantum Cryptography (PQC) Opportunities
Insider Monkey91d agoneutral
SEALSQ Corp (LAES) Files Patent Eyeing Post-Quantum Cryptography (PQC) Opportunities

SEALSQ Corp (NASDAQ:LAES) is one of the best young technology stocks to buy now. On April 28, SEALSQ Corp (NASDAQ:LAES) filed a new patent application for an innovative protection technique against side-channel attacks on cryptographic algorithms. The invention covered in the patent underscores SEALSQ’s focus on advancing the state-of-the-art PQC hardware security. The patent details […]

Amazon.com, Inc. (AMZN): A Top Tech Stock in Louis Navellier’s Eyeing Swiss Debt for AI Spending
Insider Monkey91d agoneutral
Amazon.com, Inc. (AMZN): A Top Tech Stock in Louis Navellier’s Eyeing Swiss Debt for AI Spending

Amazon.com (NASDAQ:AMZN) is one of the top tech stocks in Louis Navellier’s portfolio. On May 11, Bloomberg reported Amazon.com (NASDAQ:AMZN) plans to issue Swiss franc bonds to fund artificial intelligence spending. The tech giant has reportedly engaged the services of BNP Paribas, Deutsche Bank, and JPMorgan Chase as it considers a six-part Swiss franc bond […]

Google Was the Next Nvidia All Along, but It Might Be Making a Big Mistake
24/7 Wall St.91d agoneutral
Google Was the Next Nvidia All Along, but It Might Be Making a Big Mistake

At $390, Alphabet (NASDAQ:GOOGL) finally earned its place alongside Nvidia (NASDAQ:NVDA) in the AI conversation is now trading its fortress balance sheet for the right to spend like a utility. Alphabet has the rare full stack. Search and YouTube remain two of the most-visited destinations online. Cloud is compounding at 63% growth on $20.03 billion in quarterly ... Google Was the Next Nvidia All Along, but It Might Be Making a Big Mistake

Veritone Q1 Earnings Call Highlights
MarketBeat91d agoneutral
Veritone Q1 Earnings Call Highlights

Veritone (NASDAQ:VERI) reported lower first-quarter revenue but reaffirmed its full-year 2026 outlook, citing growing demand for its AI training data services, public sector software and recently expanded relationships with major technology companies. On the company’s first-quarter earnings call, P