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Bill Ackman's Pershing Square Inc., a recent IPO, broke out past a buy point Friday in a rocky market. The hedge fund billionaire's publicly traded investment vehicle, Pershing Square Inc., rallied an impressive 27% for the week after bullish analyst upgrades.
Investing.com -- Artificial intelligence infrastructure has become a politically charged issue ahead of the November U.S. midterm elections, but growing opposition to data centers has yet to materially weaken the construction pipeline, according to Citi.
The U.K.-based company didn’t say how many shares it would offer, or at what price, but intends to list shares on the New York Stock Exchange under the symbol NSCL.
The first junk-bond offering for a data center tied to Meta Platforms Inc. attracted demand more than four times the deal’s size, with juicy yields helping to lure investors.
Aptos SVP Ash Pampati warns the quantum threat is closer than people think. Aptos already has a post-quantum upgrade accepted and ready to go.
The AI agent startup is in talks with IDG Capital, Boyu Capital, and battery maker CATL at a roughly $4 billion valuation
EXCLUSIVE: The company is seeking to raise capital in a funding round that could value it at around $4 billion, according to sources.
Last week, Meta rolled out Muse, Chief Executive Mark Zuckerberg’s “personal AI agent built for everyone.” In Meta’s telling, it also democratizes AI. Zuckerberg first described his vision for “personal superintelligence” last year and previewed Muse in an August essay where he spoke of “putting power in people’s hands to pursue their own aspirations.”
Sept 18 (Reuters) - Futures tracking the Nasdaq 100 led Wall Street higher on Friday, putting the tech-heavy index on course for weekly gains as a drop in oil prices tempered inflation concerns.
SoftBank Group Corp. has increased its margin loan backed by shares of its chip unit Arm Holdings Plc by $5 billion to $25 billion, according to people familiar with the matter, as the conglomerate finds ways to fund its expanding investments in artificial intelligence.
The global debate over artificial intelligence risks entered a new phase this week amid clashing views from tech executives over whether frontier labs should slow the development of the technology. Leaders of Anthropic, OpenAI, SpaceX and Google DeepMind put forward the need for self-regulation checks on growth that give AI models more control. Meanwhile, Microsoft, Amazon and Meta said they're developing tools to check, control and regulate AI risks as US President Donald Trump called the alerts a "hoax". The call for caution saw a rotation out of tech stocks at the start of the week as investors questioned whether there's a need to reprice the pace of the booming AI buildout.
Here’s what could be next for Meta stock
Three CEOs with hundreds of billions already committed to AI infrastructure made separate calls to the White House last week, and a proposed federal oversight body quietly disappeared. Here is what each of them said on their earnings calls that explains why.
CleanSpark Inc. is seeking to borrow roughly $2.23 billion through a junk-bond offering to fund artificial intelligence infrastructure tied to Meta Platforms Inc..
Elon Musk owns 28% of Tesla — making him the largest shareholder. It's similar at Meta. What about Nvidia? Not even close.
Sept 17 (Reuters) - U.S. stock index futures surged on Thursday after the Federal Reserve raised interest rates, reaffirming its focus on taming inflation and removing a long-standing source of market
Sept 16 (Reuters) - Snap on Wednesday announced partnerships with companies including Salesforce, Nvidia and Amazon Web Services to integrate workplace tools into its Specs augmented-reality glasses,
Snap has launched its $2,195 augmented reality glasses.
The Fed has not moved its policy rate in months, yet long-term borrowing costs keep climbing on their own, and one prominent fund manager sees a level not touched since the dot-com era as the next stop, with serious consequences for mortgages, corporate debt, and equity multiples.
Intel and SK Hynix tie-up talk jolts memory sector, Nvidia CEO is now Trump's AI whisperer, and more news to start your day.
Are investors dying to invest in a technology that might literally kill them? After an Anthropic employee put the chances of AI doing that at more than 10%, economist Owen Lamont quipped that it was “like Robert Oppenheimer doing an IPO for the Manhattan Project in 1945.” Factoring human extinction into stock values is silly, so let’s hope for the best and just stick to stocks.
At a Meta Platforms Inc. board retreat last December, Chief Executive Officer Mark Zuckerberg asked Dina Powell McCormick to take a walk with him around his sprawling Kauai compound, known as Koolau Ranch.
The quiet deal that reveals where Meta’s AI cash is going
Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said artificial intelligence labs should rely on independent evaluators and advisers to ensure that models are safe.
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