Firmus, Nvidia-backed AI data center builder, hits $5.5B valuation with $505M raise
Asia-focused AI datacenter firm Firmus raised $505M led by Coatue at $5.5B post-money, backed by Nvidia, amid surging demand for compute infrastructure.
Monitor
Asia-focused AI datacenter firm Firmus raised $505M led by Coatue at $5.5B post-money, backed by Nvidia, amid surging demand for compute infrastructure.
US AI leaders accuse Chinese rivals of systematically distilling their models, prompting legal and technical countermeasures amid escalating IP battles.
Anthropic introduced Project Glasswing, using its newest frontier model Claude Mythos Preview to detect software vulnerabilities better than most humans. Major companies are partnering to secure critical software amid rising AI cyber threats.
US electricity consumption will exceed prior records in 2026 and 2027 due to surging AI data center demand, according to the Energy Information Administration. Data centers alone could account for nearly half of electricity growth through 2028.
A new report reveals 87% of organizations use AI and 70% generative AI, but just 19% are fully prepared with data infrastructure.
Fueled by enterprise adoption, Anthropic hits explosive growth while expanding compute pacts with Google and Broadcom for next-gen AI training.
Analysts warn AI's growth could require $7T in power infrastructure, but slowing adoption might leave assets idle as costs mount.
Anthropic's Claude AI suffers widespread outage, with Downdetector reporting thousands affected; coincides with recent compute announcements.
Broadcom announced multi-year agreements to supply custom AI accelerators and networking chips for Google's next-gen TPUs and Anthropic's training needs, fueling a stock jump amid surging datacenter demand.
OpenAI, Anthropic, and Google accuse Chinese firms of copying their models, leading to billions in lost revenue and unfair competition. They call for stronger IP protections amid rising tensions.
NC State research finds teachers using AI tutors disproportionately aid the same high-achieving students, exacerbating inequities rather than broadening access.
Ohio State survey shows declining confidence in AI medical decisions amid privacy fears and errors. Only 52% trust AI diagnoses vs. 68% last year.
Netflix released VOID, an open-source AI model that removes objects from videos while naturally adjusting the scene.
Intel partners with SpaceX, xAI, and Tesla on Terafab.ai to revolutionize silicon fabs, integrating logic, memory, and packaging for massive AI/robotics compute production at 1 terawatt per year scale.
Gartner predicts supply chain management software incorporating agentic AI will grow to $53 billion in annual spend by 2030, driven by automation and efficiency gains.
Planet Labs executed the first successful in-orbit inference of an AI model on a satellite, enabling real-time Earth observation analytics. This milestone advances edge AI for space applications.
Family offices and private wealth are bypassing VCs to directly fund early-stage AI startups, with examples like $230M in Positron AI chips and investments from Laurene Powell Jobs, as AI hype keeps companies private longer.
Munich-based Conxai secured €5M in funding led by BayBG Venture Capital to deploy agentic AI that processes job-site photos, sensors, and documents for the $13T construction sector.
AI returns processing startup Two Boxes closes $3.2M funding to scale its platform automating e-commerce returns amid rising volumes.
Samsung Electronics exceeded earnings expectations thanks to surging AI chip demand, defying geopolitical tensions, highlighting continued momentum in memory and HBM chips for AI datacenters.
Kyndryl Foundation awards grants to nonprofits in 13 countries for AI skills, cybersecurity training, and digital inclusion, targeting impact on 100,000+ people with hands-on programs.
Serve Robotics unveiled Maggie, its first AI-powered conversational sidewalk delivery robot, demonstrated live at NVIDIA GTC 2026, leveraging edge AI for natural interactions.
Neuroscale AI partnered with HPE's Unleash AI program to bring signal-based agentic AI for enterprise recruiting to production deployments.
ITIF outlines why AI data centers pose manageable load: efficiency gains, grid upgrades, new generation, and flexible siting. Counters moratorium fears with data on actual impacts.