Nvidia's investment is part of xAI's ongoing funding efforts, which have grown beyond initial plans to reach $20 billion, according to Bloomberg, citing people with knowledge of the matter. xAI's ...
Fifth Third Bancorp on Monday announced plans to buy Comerica Inc. for $10.9 billion in stock, in what would be the biggest regional-bank merger in years, as financial institutions look to bulk up to ...
Tech firms are investing billions to build massive AI data centers across the U.S. From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your ...
OpenAI announced on Monday that it will acquire several data centers’ worth of chips from AMD in a blockbuster deal that could also give OpenAI the option to acquire a roughly 10 percent stake in the ...
MEMPHIS—For Elon Musk, ground zero of the artificial intelligence arms race is a 114-acre tract of grass and swamp on the state line of Tennessee and Mississippi. This once-sleepy plot of land, filled ...
Oaktree Capital Management is seeking new minority investors for Pure Data Centres Group to raise at least £800 million ($1.1 billion) to bankroll the expansion of the UK data center developer, ...
After axing billions in biomedical research grants and pulling the plug on a pediatric brain tumor consortium, the federal government has announced plans to double funding for an ...
To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min While the more than $11 billion ...
Video game giant Electronic Arts is going private in a $55 billion all-cash deal. A consortium including Saudi Arabia's sovereign wealth fund and Jared Kushner is behind the deal. EA shareholders will ...
Theresa Loconsolo is an audio producer at TechCrunch focusing on Equity, the network’s flagship podcast. Before joining TechCrunch in 2022, she was one of 2 producers at a four-station conglomerate ...
EA is reportedly closing in on a $50 billion deal to go private in what could become the biggest leveraged buyout of all time. Details on what could be a monumental shift for the Madden and ...
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