Meta Moves Iris AI Chip Into Production in September
A Reuters-obtained internal memo reveals Meta will start manufacturing its Iris chip in September, targeting 14 GW of computing capacity by 2027 while cutting NVIDIA and AMD dependency.
Articles Tagged "Data Centers"
SK Hynix Nasdaq IPO: $28B HBM Bet Prices Thursday
SK Hynix's $28B Nasdaq IPO prices Thursday, putting the dominant supplier of AI high-bandwidth memory in reach of US investors for the first time.
Anthropic Signs $19B Lease With Former Bitcoin Miner
Anthropic signed a 20-year, $19 billion data center lease with TeraWulf at a former aluminum smelter in Kentucky, its largest dedicated infrastructure commitment yet.
Crusoe Eyes $3B Round to Triple AI Factory Valuation
Crusoe is in talks to raise roughly $3 billion at a $30 billion valuation, tripling what investors paid eight months ago as AI compute demand outstrips available infrastructure.
Meta Builds Cloud Business to Sell Excess AI Compute
Meta is building a cloud business to sell excess AI compute capacity, sending its stock up 8% while CoreWeave dropped 13% and Nebius fell 15%.
South Korea Commits $518B to Samsung and SK Hynix Fabs
South Korea announced an 800 trillion won chip investment plan to build four new fabs with Samsung and SK Hynix in the country's southwest, targeting AI memory dominance through 2035.
Amazon Tops Hyperscalers With $48B India AI Pledge
Amazon CEO Andy Jassy pledged $48 billion for India through 2030 after meeting PM Modi, outspending Microsoft and Google on AI infrastructure in the world's fastest-growing cloud market.
Anthropic Locks In Micron as HBM Defines the AI Race
Micron and Anthropic signed a multi-year HBM supply deal on June 22, with Micron also investing in Anthropic's Series H as memory bandwidth becomes the rate-limiting constraint for frontier AI.
Reflection AI Locks $6.3B Compute Deal With SpaceX
The AlphaGo co-founder's open-source AI lab will pay SpaceX $150M monthly for Nvidia GB300 chips at Colossus 2, totaling $6.3B before shipping a single public model.
Amazon Eyes Third-Party Trainium Sales to Rival Nvidia
Amazon CEO Andy Jassy hints the company will sell Trainium3 racks directly to outside data centers, citing a potential $50B revenue run rate and sold-out chip supply.
Canada's Pension Giant Bets C$1B on India AI Data Centers
CPP Investments commits C$1 billion to Indian data center operator CtrlS in a dual equity-and-JV structure, joining the global race to build hyperscale AI infrastructure across India.
AMD Instinct MI450 - 2nm, 432 GB HBM4, 40 PFLOPS
AMD's CDNA 5 accelerator on TSMC 2nm with 432 GB HBM4 memory - the GPU behind OpenAI's 1GW deployment and Oracle's 50,000-chip supercluster.
