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Bessent, Powell warned bank CEOs about Anthropic model risks, sources say
April 9 (Reuters) - U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell convened an urgent meeting with bank CEOs this week to warn of cyber risks posed by Anthropic's latest AI model, two sources familiar with the matter said on Thursday. Anthropic launched the powerful Mythos model earlier this week but[...]
Botetourt’s Croy Contracting to invest $3.45M in expansion
Botetourt County-based construction and contracting firm Croy Contracting plans to invest $3.45 million in an expansion within the county, adding a division called CroySafe, the Roanoke Regional Partnership announced Wednesday. CroySafe is a new division offering professionally installed safe rooms. The project is expected[...]
US software stocks fall as Anthropic’s new AI model revives disruption fears
April 9 (Reuters) - U.S. software shares tumbled on Thursday after Anthropic held back the wide release of a powerful AI model over concerns it could expose hidden cybersecurity vulnerabilities, deepening investor fears about the threat to traditional software firms. Anthropic said earlier this week it would only allow a group of[...]
Intel and Google to double down on AI CPUs with expanded partnership
April 9 (Reuters) - Intel and Google have expanded their partnership to advance the use of artificial intelligence-focused central processing units and to develop custom infrastructure processors, as shifting use of AI drives renewed demand for traditional computing chips. Companies are increasingly moving away from using AI for t[...]
Wall Street set for lower open as caution lingers ahead of Trump’s Iran deadline
April 7 (Reuters) - Wall Street's main indexes were set for a lower open on Tuesday as investors assessed comments from the U.S. and Iran for any clues on where the conflict was headed, before President Donald Trump's deadline for Iran to reopen the Strait of Hormuz. A U.S. official told Reuters that the country had struck militar[...]
More data centers equal more electricity demand
Eight of the highest demand days for electricity in Virginia occurred during the cold snap earlier this year, with a record set on Feb. 9. Those topped the previous record set during the summer of 2025, according to Dominion Energy. And when this summer’s hottest days roll around, new records will be set again. Five years ago, Vir[...]
FOR THE RECORD: April 2026
CENTRAL VIRGINIA In early February, Henrico County-based Fortune 500 convenience store operator Arko closed its initial public offering of fuel subsidiary Arko Petroleum, raising $183.2 million. The distributor sold 11 million shares of its Class A common stock at $18 a share, after the IPO valued Arko Petroleum at about $819 millio[...]
CoStar amends lawsuit against Zillow, alleging further copyright violations
Arlington County-based CoStar Group last week filed an amended complaint against Zillow Group, alleging that the company continued to infringe on its copyrighted images even after CoStar filed a lawsuit against it last summer. In July 2025, CoStar and its subsidiary CoStar Realty Information sued Zillow in the U.S. District Court[...]
Starcloud reaches $1.1 billion valuation as AI space race heats up
March 30 (Reuters) - Orbital compute infrastructure startup Starcloud has raised $170 million at a $1.1 billion valuation, as companies including Elon Musk's SpaceX and Jeff Bezos' Blue Origin race to move power-hungry AI data centers off-planet. Led by Benchmark and EQT Ventures, the fundraise underscores surging investor appetit[...]
Wall Street slumps as Middle East uncertainty spooks investors
(Reuters) - Wall Street's main indexes fell sharply on Thursday and the Nasdaq confirmed a correction as investors worried about escalation in the U.S.-Israeli war against Iran, which has sent oil prices soaring and exacerbated inflation concerns. President Donald Trump said Iran must make a deal with the U.S. or face a continued[...]
Google confirms Botetourt data center campus
On Thursday morning, a little over nine months after Botetourt County announced Google’s $14.1 million purchase of a 312-acre parcel in a Daleville industrial park for a data center campus, the California-based tech company confirmed the development in a news release. “Google today announced plans to develop a data center campus i[...]
Meta shares jump after Reuters report on plans for layoffs of 20% or more
March 16 (Reuters) - Meta Platforms shares rose nearly 3% on Monday after a Reuters report that the social media giant plans to lay off 20% or more of its workforce to offset heavy spending on artificial intelligence and bet on productivity gains from the technology. If Meta settles on the 20% figure, the cuts will be the biggest[...]
Leidos wins $455M Air Force contract
Reston-based federal contractor Leidos has won a $454.9 million contract to modernize the U.S. Air Force's Cloud One platform, the Fortune 500 company announced Wednesday. The platform hosts military software and data in the cloud. The work Leidos will perform will help the Department of Defense protect military systems and data a[...]
Anthropic sues to block Pentagon blacklisting over AI use restrictions
NEW YORK, March 9 (Reuters) - Anthropic on Monday filed a lawsuit to block the Pentagon from placing it on a national security blacklist, escalating the artificial intelligence lab’s high-stakes battle with the U.S. military over usage restrictions on its technology. The Pentagon on Thursday slapped a formal supply-chain risk desi[...]
2026 Virginia Power 50 List
Many of the 50 most powerful people in Virginia are here because they lead major corporations, such as Fortune 100 mainstays like General Dynamics and Freddie Mac, and the privately owned candy and pet care giant Mars, whose partial owner Jacqueline Mars lands on our list due to her personal wealth. Others are influential public serv[...]
Expansions grow Roanoke region’s economic landscape
Economic development wins aren’t always about big new companies moving into the area. Expansions of existing businesses can have just as large an impact on the region. That’s much of the economic development story in the past year for the section of Virginia stretching from Lynchburg west to the Roanoke and New River valleys. T[...]
Google data center campus spawns excitement, concern
Virginia’s booming data center industry is no longer confined to Northern Virginia. Google’s $14.1 million land purchase in Botetourt County last year is one of several signals that data center developers are looking farther afield — a shift met with both enthusiasm and concern. In June 2025, Botetourt County officials announced t[...]
Data centers, manufacturing drive growth in Central Virginia
While 2025 delivered fewer high-dollar investments for the commonwealth than in years past, according to Virginia Economic Development Partnership data, localities across Central Virginia spent much of the year making their past development deals a reality. The 101 growth announcements from basic industry companies that primarily[...]
2026 Virginia Power 50 List: KAREN DAHUT
Dahut became CEO of Google Public Sector, a subsidiary focused on government and educational contracting, in 2022. Before joining Google, Dahut led Booz Allen Hamilton’s $4 billion global defense business. Dahut served in the U.S. Navy for six years, including at the Navy Medical Research Institute in Maryland. As a civilian, she[...]
Emerald AI raises $22.7M, new SEC filing reports
A startup focused on the fast-growing data center industry and with a major presence in Arlington County has raised about $22.7 million in new funding, according to a Feb. 20 filing with the Securities and Exchange Commission. Emerald AI, which was incorporated last year in Washington, D.C., but has its primary offices in Clarendo[...]
