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Amazon aims to raise $25B from bond sale, Bloomberg News reports
Amazon plans to raise at least $25 billion through a bond sale to support its AI infrastructure investments, joining other Big Tech firms in tapping debt markets.
Oracle workforce shrinks by about 21,000 employees amid AI adoption
Oracle's workforce declined by about 21,000 employees in fiscal 2026 due to restructuring and AI adoption, reflecting significant changes in its cloud computing operations.
Milestone Technologies to lay off 51 in Henrico
Milestone Technologies announced last week that it plans to lay off 51 employees at White Oak Technology Park in Henrico County.
Wall Street closes slightly down on renewed tensions between US, Iran
U.S. stocks closed slightly lower amid renewed U.S.-Iran tensions and rising crude prices, raising concerns about the impact on corporate earnings and the economy.
AMD clinches second mega chip supply deal, this time with Meta
AMD said on Tuesday it has agreed to sell up to $60 billion worth of artificial intelligence chips to Meta Platforms over five years.
Judge rules Meta is not a social media monopoly
A federal judge ruled Meta is not a social networking monopoly, defeating a challenge that could have forced divestiture of Instagram and WhatsApp.
Scale AI to open Crystal City office in December
Scale AI will relocate from Washington, D.C., to Crystal City, opening a 22,000-square-foot office as part of a national expansion.
Stocks slip from records amid trade, tech earnings news
U.S. stocks fell from record highs as investors weighed U.S.-China trade talks and mixed Big Tech earnings from Meta and Microsoft.
Meta cutting 600 AI jobs even as it continues to hire more for its superintelligence lab
MENLO PARK, Calif. (AP) — Meta Platforms is cutting roughly 600 artificial intelligence jobs even as it continues to hire more workers for its superintelligence lab, the company confirmed on Wednesday. Axios first reported the cuts, which will affect Meta’s Fundamental AI Research, or FAIR unit, as well as product-related AI and AI infrastructure units. […]
CoreWeave signs $14 billion AI infrastructure deal with Meta
CoreWeave will provide Meta $14B in AI cloud computing power through 2031, boosting share prices and fueling AI infrastructure growth.
Virginia eyes nuclear to power booming data centers
Data centers devouring nearly a quarter of Virginia’s electricity, leaders push nuclear power, from SMRs to fusion, to meet rising demand.
Meta’s nuclear deal signals AI’s growing energy needs
Meta signs 20-year nuclear energy deal with Constellation as tech giants seek cleaner power to meet AI’s surging electricity demands.
