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Meta, Anthropic in talks for potential $10B compute lease deal, NYT reports
Meta Platforms is in talks to lease computing power to Anthropic in a potential $10 billion deal, aiming to expand its cloud computing business.
White House to rally utilities, data centers for AI power cost pledge, sources say
WASHINGTON, July 13 (Reuters) – The White House plans to bring together utility companies and data center developers to make a voluntary pledge designed to ensure that rapid growth in electricity demand from artificial intelligence does not drive up power bills for households and businesses, according to three people familiar with the plans. An event […]
Nasdaq rallies to sharply higher close; chip surge offsets Iran worries
Micron Technology-led rally in chip stocks outweighed concerns that renewed U.S. and Iranian attacks would prolong the conflict and stoke broader geopolitical risks.
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. […]
