Nscale Closes $2B to Build Europe's AI Backbone
Nscale raises the largest Series C in European history, valuing the company at $14.6 billion and funding a 100,000-GPU AI gigafactory in Norway with OpenAI as anchor customer.
Ai infrastructure
Oracle Plans 30,000 Layoffs to Fund $50B AI Data Center Bet
Oracle is cutting up to 30,000 jobs to free $8-10 billion in cash flow for AI data centers, the largest AI-driven corporate restructuring announced to date.
OpenAI Builds GitHub Rival, Tensions Rise With Microsoft
OpenAI is developing an internal code repository to replace GitHub, putting the company on a collision course with its biggest backer.
Meta's $100B AMD Bet Is a Direct Shot at Nvidia
Meta and AMD signed a 6-gigawatt, multi-year GPU pact worth up to $100B - announced days after a separate Nvidia expansion, signaling Meta's deliberate strategy to break single-vendor dependence in AI compute.
Open Source Endowment Fights AI Slop With Permanent Fund
A new 501(c)(3) nonprofit backed by the creators of curl, Vue.js, and HashiCorp is building the world's first permanent endowment for open source as AI-generated junk submissions push maintainers to the breaking point.
Ayar Labs Raises $500M to Wire AI Chips With Light
Ayar Labs closes a $500M Series E backed by Nvidia, AMD, and Sequoia to mass-produce co-packaged optical interconnects that replace copper in AI data centers.
