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News
Nvidia claims 3.67x speed lead with Vera CPU in storage tasks
7+ min ago (316+ words) The chipmaker's first data-center CPU packs 88 custom Arm cores and is gunning for x86's turf in AI storage workloads Nvidia just dropped storage performance benchmarks for its Vera CPU that read like a flex. The chip, embedded inside the BlueField…...
SpaceX revenue nearly doubles in first public earnings, and crypto markets are paying attention
14+ min ago (250+ words) The newly public space giant posted $7.8 billion in Q2 revenue, while tokenized SpaceX stock creates a parallel investment narrative in crypto markets. SpaceX just dropped its first quarterly earnings report as a public company, and the numbers are the kind that…...
Taiyo Yuden boosts full-year earnings outlook by 50% as AI demand reshapes component markets
21+ min ago (348+ words) The Japanese capacitor giant raised its operating profit forecast to ¥45 billion, signaling a broader shift that touches everything from data center investments to AI-adjacent tech plays. Taiyo Yuden, one of the world’s largest manufacturers of multilayer ceramic capacitors (MLCCs), just…...
Citadel's flagship fund surges 6% in July after scooping up distressed AI portfolio at a discount
15+ min ago (259+ words) Ken Griffin's Wellington fund hit 12% year-to-date returns after buying roughly $16 billion in AI stocks from Leopold Aschenbrenner's collapsing Situational Awareness fund When a $45 billion hedge fund implodes overnight, someone’s going to pick up the pieces. In this case, that someone…...
Google kills Assistant on Android starting September 4, completing its Gemini bet
31+ min ago (266+ words) The decade-old voice assistant is being permanently replaced by Gemini across phones, tablets, and wearables in a multi-week rollout. Google Assistant, the voice-activated helper that has lived on Android devices since 2016, is getting the axe. Starting September 4, Google will begin…...
St. Louis bets $25B on data centers while explicitly banning crypto mining from the party
27+ min ago (283+ words) Missouri is racing to become America's AI infrastructure hub, but crypto miners need not apply. Missouri just placed one of the largest bets in the country on digital infrastructure, with roughly $25 billion in data center projects either announced or in…...
Uber reports Q2 2026 earnings with $14B revenue as free cash flow tops $10B for first time
42+ min ago (330+ words) The ride-hailing giant's trailing twelve-month free cash flow crossed a milestone threshold, raising questions about capital allocation in an era where tech giants are increasingly eyeing crypto and blockchain Uber just posted the kind of quarter that makes CFOs sleep…...
Australia pushes for renewable energy laws for new data centers
53+ min ago (154+ words) New legislation would force large-scale data centers to fund renewable energy equal to their total electricity consumption, with implications for crypto-adjacent firms like IREN Australia currently hosts 162 data center facilities, and at least 90 new ones have been proposed. Electricity consumption…...
Kenya's stock exchange plans East Africa's first AI-focused ETF
51+ min ago (321+ words) The Nairobi Securities Exchange is exploring AI-themed investment products as part of a broader strategy to modernize East Africa's capital markets. The Nairobi Securities Exchange is quietly positioning itself to launch what would be East Africa’s first AI-focused exchange-traded fund,…...
Uber commits over $10B to scale autonomous vehicles across dozens of cities
40+ min ago (442+ words) The ride-hailing giant is abandoning its asset-light playbook with massive fleet purchases and equity stakes in AV developers Uber, the company that built a $170B+ empire by convincing other people to use their own cars, is now buying its own. Over…...