Top 5 Storage Firms' Profits Surpass US Tech Giants
Driven by AI investment fueling storage chip demand, the combined operating profits of five major storage firms surpassed US tech giants for the first time. Kioxia recorded a historic high in quarterly net profit.
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Blackstone Says Anthropic May Not Get Investment-Grade Rating Post-IPO
Blackstone informed investors that Anthropic may only receive speculative-grade credit ratings after its upcoming IPO, reversing previous expectations. This development could impact the cost of financing Anthropic's planned $800 billion investment in compute infrastructure and raises its funding challenges.
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Microsoft offers voluntary severance to 60,000 employees
Microsoft is offering voluntary severance packages to about 60,000 employees, roughly a quarter of its workforce, while shielding AI-critical teams. Although the company plans to spend about $170 billion on AI infrastructure in 2026, its headcount has remained flat at around 223,000 since 2022. The move signals a strategic workforce adjustment to accelerate its AI ambitions.
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OpenAI Raises Less Than Half of $30B Target
OpenAI raised less than half of its $30 billion funding target. This shortfall indicates challenges in securing massive capital, which may impact future development plans.
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Nvidia Weighs Cosigning Loan for Nscale AI Data Center
Nvidia is reportedly considering co-signing a loan for Nscale's AI data center in West Virginia. This move aims to alleviate investor concerns about AI infrastructure spending and reinforce the company's commitment to the AI compute ecosystem.
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