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Texas called itself the “epicenter of AI.” Now it won’t plug in a data centre until it’s audited

Texas spent years selling itself as the easiest place in America to build a data centre. This week it started making that harder. Governor Greg Abbott, who last year called the state the “epicenter of AI development,” has ordered a pause on new data-centre connections to the power grid. Regulators must audit every project in […]

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Disney gives TikTok creators official access to Marvel, Star Wars, and Pixar characters

Disney is introducing fan-created TikTok content to its Disney Plus app in its latest attempt to break into short-form creator videos. The Walt Disney Company announced today that it’s partnering with TikTok to bring “an expansive collection of thoughtfully curated Disney-centric fan-created content” to the Verts video feed it launched on Disney Plus earlier this […]

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Disney sells its last big cable stake to Hearst for $1.2bn

Disney has closed the door on another piece of its cable past. The company has completed a $1.2bn sale of its 50% stake in A+E Global Media to Hearst, which now owns the business outright. The deal had been coming for a while. It was announced in July 2025 and finally closed this month, handing […]

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Lucid is cutting $1.4bn and betting its survival on robotaxis

Lucid’s turnaround plan comes down to spending far less and hoping robotaxis pay off. The luxury electric-vehicle maker unveiled a $1.4bn cash-savings programme this week, alongside a second-quarter net loss of $1.26bn. The scale of the loss frames the urgency. Revenue rose to $405m from $259m a year earlier, but the company still burned through […]

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AMD’s record quarter is really a bet that open beats Nvidia’s moat

AMD has had its best quarter yet, as the chipmaker reported record revenue of $11.5bn for the second quarter, up 50% on a year earlier, as demand for AI hardware kept climbing. The engine was the data centre which brought in $6.7bn, more than double last year’s figure and now 58% of the company, the […]

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SpaceX is coming for T-Mobile, AT&T and Verizon

SpaceX is preparing to build a terrestrial mobile network to “acquire quite a few” of the customers now subscribed to T-Mobile, AT&T, and Verizon. The message to compete head-to-head with the US carriers was delivered by SpaceX president Gwynne Shotwell and CEO Elon Musk during the Q&A section of the company’s first earnings call. “The […]

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AMD’s datacenter business is booming while gaming takes a backseat

Driven by demand for AI capacity, AMD’s data center revenue more than doubled year-over-year in its latest earnings report, reaching $6.7 billion. That’s up from $5.8 billion in Q1, and jumping 107 percent from the $3.2 billion it reported for the same period a year ago. At the same time, AMD’s gaming revenue fell 31 […]

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