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Anthropic invests $50B in AI data centers, Microsoft expands
Artificial intelligence company Anthropic announced a $50 billion investment in computing infrastructure on Wednesday that will include new data centers in Texas and New York. Microsoft also on Wednesday announced a new data center under construction in Atlanta, Georgia, describing it as connected to another in Wisconsin to form a[...]
New documents reveal scope of Google’s Chesterfield data center campus
A site plan filed this week shows that Google plans to build three data centers of more than 800,000 square feet next to Meadowville Technology Park in Chesterfield County. Gov. Glenn Youngkin announced in August that the California tech giant planned to invest an additional $9 billion in Virginia through the end of 2026, with a s[...]
Stocks wind up mixed on Wall Street after spending most of day in red
NEW YORK (AP) — Stocks wavered to a mixed finish on Wall Street Friday and notched their first weekly loss in the last four. Major indexes wobbled throughout most of the week, but ultimately pulled back from records set the prior week. Technology stocks once again determined the broader direction of the market. The S&P 500[...]
Stocks slip from records amid trade, tech earnings news
NEW YORK (AP) — The U.S. stock market is pulling back from its record heights on Thursday, as Wall Street sifts through mixed developments on everything from the U.S.-China trade war to profits for Big Tech behemoths. The S&P 500 fell 0.7% and edged further from its all-time high set on Tuesday, even though slightly[...]
Botetourt hires new economic development director
Botetourt County announced Thursday that it has hired Kyle Rosner as its new director of economic development. He began working in the new position on Monday, Oct. 27. Rosner succeeds Ken McFadyen, who left in May to become Alleghany County's county administrator. The county's most recent major economic development win was a 312-a[...]
Amazon cuts 14,000 corporate jobs as spending on artificial intelligence accelerates
Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence while cutting costs elsewhere. In June CEO Andy Jassy, who has aggressively sought to cut costs since becoming CEO in 2021, said that he anticipated generative AI would reduce Amazon’s corporate workforce in the next[...]
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 A[...]
Reddit sues Perplexity, others for alleged data scraping
Social media platform Reddit sued the artificial intelligence company Perplexity AI and three other entities on Wednesday, alleging their involvement in an “industrial-scale, unlawful” economy to “scrape” the comments of millions of Reddit users for commercial gain. Reddit's lawsuit in a New York federal court takes aim at San Fra[...]
Dow hits record as 3M, Coca-Cola, other stocks climb
NEW YORK (AP) — The Dow Jones Industrial Average hit a record on Tuesday as the floodgates opened for companies reporting how much profit they made during the summer. The Dow rose 218 points, or 0.5%, and topped its prior all-time high, which was set early this month. The S&P 500 index, which is much more important on Wall Str[...]
Amazon cloud computing outage disrupts major online services
LONDON (AP) — A problem with Amazon’s cloud computing service disrupted internet use around the world Monday, taking down a broad range of online services, including social media, gaming, food delivery, streaming and financial platforms. The disruption and the ensuing exasperation it caused served as the latest reminder that 21st[...]
US Chamber sues Trump over new $100K H-1B visa fee
The U.S. Chamber of Commerce is suing the Trump administration for imposing a $100,00 annual fee for new H-1B visa applications, claiming the fee is unlawful and would significantly harm U.S. businesses. In a federal lawsuit filed Thursday in Washington D.C., the Chamber asks the court to declare that President Donald Trump exceed[...]
OpenAI partners with Broadcom to design custom AI chips
OpenAI said Monday it is working with chipmaker Broadcom to design its own artificial intelligence computer chips. The two California companies didn't disclose the financial terms of the deal but said they will start deploying the new racks of customized “AI accelerators” late next year. It's the latest big deal between OpenAI[...]
For the Record October 2025
Central Virginia Pharmaceutical company AstraZeneca is planning to locate a major manufacturing facility in Albemarle County, a state official confirmed to Virginia Business in August. A state commission has voted to recommend that the General Assembly approve a state incentives package exceeding $10 million for the project. Gov. Gl[...]
Virginia employers face new costs from Trump’s $100k H-1B visa fee
With nearly 25,000 H-1B visas approved for workers tied to Virginia in 2024, the commonwealth's companies and universities have a lot at stake following the Trump administration’s move to impose a $100,000 annual fee on the visas for skilled workers. The Trump administration's latest plan to overhaul the American immigration syste[...]
Google faces antitrust déjà vu as US seeks to break up its digital advertising business
After deflecting the U.S. Justice Department's attack on its illegal monopoly in online search, Google is facing another attempt to dismantle its internet empire in a trial focused on its abusive tactics in digital advertising. The trial scheduled to begin Monday in an Alexandria, Virginia, federal court will revolve around the ha[...]
Chesterfield approves fusion power plant permit
Commonwealth Fusion Systems received the zoning approval needed for its planned Chesterfield County facility that’s expected to be the world’s first grid-scale commercial nuclear fusion power plant. The Chesterfield County Board of Supervisors unanimously approved on Wednesday a conditional-use permit for a fusion facility at a 94[...]
Google hit with $3.5 billion fine from European Union in ad-tech antitrust case
European Union regulators on Friday hit Google with a 2.95 billion euro ($3.5 billion) fine for breaching the bloc’s competition rules by favoring its own digital advertising services, but the bloc's latest move to crack down on Big Tech companies drew outrage from President Donald Trump. The European Commission, the 27-nation blo[...]
Wall Street steadies itself as Alphabet pulls tech stocks higher
NEW YORK (AP) — Wall Street is steadying on Wednesday as Alphabet and other technology stocks rise. The S&P 500 added 0.3% and was on track to break its two-day losing streak since setting its latest all-time high. The Dow Jones Industrial Average was down 179 points, or 0.4%, as of 12:32 p.m. Eastern time, and the Nasdaq comp[...]
Nuclear fusion company raises $863M, much bound for Chesterfield
Massachusetts-based fusion energy company Commonwealth Fusion Systems, which is planning to build the world's first grid-scale nuclear fusion energy plant in Chesterfield County, announced it has raised $863 million in a Series B2 fundraising round, much of which will be used to construct the $2.5 billion-plus plant. CFS will use[...]
Retail | Wholesale | Food | Beverage 2025: WOODFIN, JACK
Woodfin’s parents, John and Anne, started Woodfin Heating in 1977 to sell heating oil, growing it into one of the largest privately held HVAC-related businesses in Virginia. A Virginia Military Institute and University of Virginia Darden School of Business alum, Jack Woodfin began working with his parents in 1995 as a retail manager[...]
