Nebius plans $40B AI infrastructure expansion
Nebius is funding its $40 billion AI infrastructure expansion through customer prepayments and loans. Despite delays at a Microsoft data center raising questions about its financing model, the company is pushing forward with its neocloud strategy. This move aims to significantly expand AI compute capacity.
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Nvidia CEO Jensen Huang Resigns
Nvidia CEO Jensen Huang announced his resignation today from the company he co-founded in 1993. The decision followed a board investigation into multiple extramarital affairs and an alleged Chinese spy charge. New Chair Harvey Jones shared the news.
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Norwest launches $4B AI fund
Investment firm Norwest announced the launch of a new $4 billion AI-focused fund, its largest to date. The move signals a deeper commitment to AI by providing capital to early- and growth-stage AI startups.
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Chinese Third-Party AI Infra Firms Complete 20 Funding Rounds in 10 Months
Leiphone's analysis revealed that eight Chinese third-party AI infrastructure firms, including Wuwen Xinqiong and Qingcheng Jizhi, completed a total of 20 funding rounds in the first 10 months of 2026. Despite market disagreement over their long-term commercial value and the risk of being replaced by major tech firms, capital is concentrating on top-tier projects, reflecting investor FOMO regarding AI compute and infrastructure demand.
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Omdia: 2026 Global AI Software Revenue Projected to Exceed $200B
Market research firm Omdia forecasts that global AI software revenue will exceed $200 billion in 2026, doubling 2024 figures. The report notes that while agent AI is growing faster, long-term CAGR is projected at 30%.
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