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Nebius Seeks $4.5B for AI Data Centers
Nebius Group is seeking to raise $4.5 billion through convertible bonds. The company plans to use the capital as it builds data centers to meet demand for artificial intelligence services.
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Danfoss Doubles Down on AI Data Center Cooling
Danfoss expects its data-center business to at least double its share of company sales this year. The shift is driven by AI-related spending and the growing need to cool increasingly powerful chips.
UBTECH Walker Model Clears AI Filing
UBTECH’s Walker embodied intelligence foundation model has completed China’s generative AI service filing. The milestone places the model among the first services to complete this regulatory process.
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CXMT Listing Fuels China’s AI Hardware Momentum
CXMT Corp.’s breakout listing has boosted optimism across China’s domestic AI hardware sector. The momentum supports China’s broader ambition to compete with the US in AI development.
Micro1 Hits $500M Run Rate
AI data startup Micro1 has reached a $500 million gross run rate as demand for AI training data accelerates. The growth highlights expanding opportunities for data providers supporting model development.
Google Lets Readers Favor Trusted Publishers
Google is introducing a button that lets readers mark publishers as preferred sources across Search, Discover, and Google News. The feature could help publishers recover traffic as AI-powered search generates fewer direct clicks to websites.
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Alibaba Bets Nearly $10 Billion on AI
Alibaba’s profit plunged after it raised quarterly capital expenditure for AI to nearly $10 billion. The report also examines Meta’s growing role as a Microsoft AI customer and Castelion’s plans to scale hypersonic missile production.
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Mayfield Doubles Down on Pre-Product AI Founders
Mayfield has invested more than $3 billion in AI companies, often before founders have built products or formally incorporated. Managing Partner Navin Chaddha explains the firm’s belief in AI as a potential “100x opportunity” and its decision to remain focused on early-stage investing.
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Anthropic Eyes SpaceX-Sized IPO
Anthropic reportedly expects its initial public offering to match or exceed SpaceX’s record-setting IPO size. Preparations for the AI company’s debut are accelerating, according to people familiar with the matter.
Meta Launches Pocket’s AI Game Creation in the US
Meta is expanding Pocket, an experimental AI-powered app for creating and sharing interactive games, to users across the U.S. The app was previously tested quietly in Brazil.