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100 people to meet in 2026: Contractors
Federal funding is the fuel that primes Virginia’s economic engine, and these government contracting executives are the drivers directing major projects for civilian, defense and intelligence agencies. GREG CRADDOCK CEO, PATRIOT GROUP INTERNATIONAL, WARRENTON Patriot Group International prefers to be discreet about much of i[...]
Nvidia sales soar as AI chip demand beats forecasts
SAN FRANCISCO (AP) — Nvidia’s sales of the computing chips powering the artificial intelligence craze surged beyond the lofty bar set by stock market analysts in a performance that may ease recent jitters about a Big Tech boom turning into a bust that topples the world’s most valuable company. The results announced late Wednesday[...]
U.S. jobless claims fall as filings return after shutdown
New U.S. jobless claim applications fell last week, remaining within the healthy range of recent years, according to the government's first weekly layoffs data since before the government shut down on Oct. 1. The number of Americans filing for unemployment benefits for the week ending Nov. 15 fell by 8,000 from the previous week t[...]
RVA757 Connects strategy calls for more digital infrastructure along corridor
As artificial intelligence, cloud expansion and data-intensive industries reshape the U.S. economy, leaders in Richmond and Hampton Roads hope to position the Interstate 64 corridor as a hub for digital infrastructure. That was the centerpiece of RVA757 Connects' 2035 Global Internet Hub Vision plan released Tuesday at the Richmon[...]
Judge rules Meta is not a social media monopoly
SAN FRANCISCO (AP) — Meta has prevailed over an existential challenge to its business that could have forced the tech giant to spin off Instagram and WhatsApp after a judge ruled that the company does not hold a monopoly in social networking. U.S. District Judge James Boasberg issued his ruling Tuesday after the historic antitrust[...]
Amazon buys 189 acres in Prince William tech park for $700M
Amazon Data Services has bought approximately 188.5 acres in Prince William County for a whopping $700 million. The e-tailer’s data center arm bought the land within the 270-acre Devlin Technology Park, located at the northwest corner of Devlin and Linton Hall roads in Bristow. The purchase from Reston-based homebuilder Stanley Ma[...]
Microsoft partners with Anthropic and Nvidia in cloud infrastructure deal
Microsoft said Tuesday it is partnering with artificial intelligence company Anthropic and chipmaker Nvidia as part of a cloud infrastructure deal that moves the software giant further away from its longtime alliance with OpenAI. Anthropic, maker of the chatbot Claude that competes with OpenAI's ChatGPT, said it is committed to bu[...]
Stocks fall as Nvidia slips and market pulls back
NEW YORK (AP) — The U.S. stock market is sinking on Monday as Nvidia and other superstars created by the frenzy around artificial-intelligence technology dim some more. The S&P 500 fell 1.1% and pulled further from its all-time high set late last month. The Dow Jones Industrial Average was down 544 points, or 1.2%, as of 2:45[...]
Defense contractor to add 288 workers at Roanoke night-vision goggle factory
Texas-based defense contractor Elbit Systems of America will invest $30 million to expand its Roanoke County night-vision googles manufacturing facility, with plans to create 288 jobs, Gov. Glenn Youngkin announced Wednesday. Once the expansion is complete, it will bring the site’s workforce to more than 1,000 employees. “Elbit[...]
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[...]
