Amsterdam-based Nebius plans to raise ~$3.75B in convertible debt to fund its data center expansion and to purchase customized AI chips, after its Meta deal
Artificial intelligence data center developer Nebius Group NV said it intends to raise about $3.75 billion in convertible debt …
Nebius says Meta plans to spend up to $27B over the next five years to access AI infrastructure, starting with $12B of capacity in early 2027; NBIS jumps 12%+
Meta Platforms Inc. will pay as much as $27 billion over the next five years for access to cutting-edge artificial intelligence infrastructure …
Microsoft and Meta each committed nearly $50B in additional data center leases in their most recent quarters, pushing major cloud companies' total to $700B+
Microsoft Corp. and Meta Platforms Inc. each committed nearly $50 billion in additional data center leases in their most recent quarters …
Sandbar, which is developing the Stream Ring, a $249+ AI-powered wearable that transcribes audio notes, raised a $23M Series A, bringing total funding to $36M
Sandbar, a startup by former Meta employees Mina Fahmi and Kirak Hong, attracted much attention last year when it showed off its note-taking wearable, the Stream ring.
Yann LeCun's Advanced Machine Intelligence Labs raised a $1.03B seed at a $3.5B pre-money valuation to work on world models, in Europe's largest-ever seed round
Meta's former chief artificial intelligence scientist Yann LeCun has raised more than $1bn for his new start-up in Europe's largest ever seed funding round.
Sources: CoreWeave is seeking an ~$8.5B loan from banks, backed by a contract Meta signed last year to pay CoreWeave up to $14.2B for its services
CoreWeave Inc. is looking to raise about $8.5 billion from banks including Morgan Stanley and Mitsubishi UFJ Financial Group Inc. to help finance …
Meta plans to spend more than $10B to build a 1GW data center campus in Lebanon, Indiana, expected to be operational at the end of 2027 or in early 2028
Meta plans to spend more than $10B to build a 1GW data center campus in Lebanon, Indiana, expected to be operational at the end of 2027 or in early 2028
Meta Platforms Inc. said it will spend more than $10 billion to build a data center campus in Lebanon, Indiana, ranking it among …
This year's projected capex ramp-up will all but wipe out free cash flow for Amazon, Google, and Meta, potentially forcing stock buyback cuts or more borrowing
This year's projected capex ramp-up will all but wipe out free cash flow for Amazon, Google, and Meta, potentially forcing stock buyback cuts or more borrowing
Big tech's dramatic ramp-up in projected capital expenditures this year will all but wipe out free cash flow for Amazon, Google and Meta Platforms.