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Germany’s Uniper pivots to data centres with a €5bn plan to power the AI boom

Uniper, the German energy giant that Berlin rescued from collapse three years ago, is betting its next chapter on the server racks now reshaping Europe’s power market. The utility plans to invest around €5bn ($5.7bn) by 2030 in a strategy that pivots hard toward data centres, and toward the electricity they consume in ever greater […]

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Anthropic signs a $9.1bn, 20-year cloud deal with bitcoin miner Riot Platforms

Anthropic has struck another enormous deal to feed its appetite for computing power, and this time the counterparty is a company that until recently made its money digging up bitcoin. The twenty-year arrangement is worth $9.1 billion and gives the Claude maker a large slab of capacity at a Texas campus that Riot Platforms is […]

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Intel raises up to $20bn to fund its foundry bet against TSMC

Intel has announced a $15bn common-stock offering, a sale that could swell to as much as $20bn if underwriters take up their overallotment options. It is a bold move for a company that, not long ago, looked like a cautionary tale, and it shows just how far the chipmaker’s fortunes have turned in the space […]

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Six finance giants back Nvidia’s $500bn plan to fund the AI buildout

Nvidia has recruited six of the largest names in finance to help turn its chips into something a bank can lend against. The company announced partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to build what it calls “compute financing platforms”, structures designed to mobilise over $500bn of third-party capital for AI infrastructure. […]

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Exclusive: Vienna’s fonio.ai hits $10m ARR less than a year after switching on subscriptions

Vienna startup most of the tech world has not heard of just posted numbers that would turn heads anywhere. fonio.ai, a European platform for AI-powered customer calls, says it has surpassed $10m in annual recurring revenue in under twelve months. Since February, when the company switched from a prepaid model to subscriptions, it says it […]

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Mark Zuckerberg doesn’t understand how to live

Recently, a man I was rock climbing with told me about how he’d used AI to make a motivational poster for himself, which he’d hung on his bedroom wall: a bear, walking a slackline over a canyon, holding a sign that said, “Do cool shit.” I made what I hoped was a polite noise. What […]

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The Arena Group is renaming itself Paradium.AI, and its revenue just halved

The Arena Group is renaming itself Paradium.AI. The publisher of TheStreet, Parade and Men’s Journal expects the change to finish by the end of August. Business Insider had it first. Steven Tweedie and Ben Shimkus obtained a staff memo from chief executive Paul Edmondson, confidential until 4:05 PM ET, five minutes after the closing bell. […]

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Google is testing a homepage without a Search button

Google is testing a homepage with no Search button. A small group of signed-out users see three AI shortcuts in its place, and the familiar layout returns the moment they log in. Search Engine Watch spotted the change on Monday and reproduced it across Chrome, Microsoft Edge and Perplexity’s Comet browser. Three buttons sit under […]

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Apple has run out of iPhone shapes, and Jefferies just cut it to sell

Jefferies cut Apple from hold to underperform on Monday. That is the bank’s equivalent of a sell rating. It also cut its price target from $285.56 to $263.66. Fortune’s Sebastian Herrera reported the call. The bank’s supply-chain checks produced three reasons. Apple has cancelled a rumoured all-glass iPhone, memory prices are surging, and there is […]

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Nvidia is pulling Wall Street into the AI buildout. Its shares fell on the news

A group of financial firms is working with Nvidia on a $500bn funding package for AI infrastructure. The group covers Apollo Global Management, Blackstone, BlackRock’s Global Infrastructure Partners, Brookfield Asset Management, Goldman Sachs and KKR. The Financial Times reported the talks first. Bloomberg confirmed them with people familiar with the matter. A deal could land […]

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