Tag: computing
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Meta, Anthropic in talks for potential $10 billion compute lease deal, source says
July 17 : Meta Platforms is in talks to lease computing power to Anthropic in a potential deal worth up to $10 billion over two years, according to a source familiar with the matter. Shares of the social media giant pared losses slightly after the news and closed down more than 2 per cent amid…
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Musk’s SpaceX in talks to supply the Pentagon with computing power, WSJ reports
July 17 : Elon Musk’s SpaceX is in talks to provide the U.S. Department of Defense with access to data center capacity worth billions of dollars to run AI models, the Wall Street Journal reported on Friday, citing people familiar with the matter.Such an agreement would extend the Pentagon’s existing relation
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AI startup Reflection signs over $1 billion computing deal with Nebius
July 14 : AI startup Reflection said on Tuesday it has signed a more than $1 billion deal to secure computing capacity from Nebius, including access to Nvidia’s latest chips.The move builds on Reflection’s June agreement with SpaceX for computing capacity, a deal that media reports said would see the startup
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Meta to put AI chip into production in September as it looks to double computing capacity, memo shows
(Corrects figure in paragraph 11 to 2.5 gigawatts by end of year, not 5.5 gigawatts.)By Katie Paul, Max A. Cherney and Stephen NellisNEW YORK/SAN FRANCISCO, July 9 : Meta Platforms plans to start manufacturing an artificial intelligence chip from September as part of its plan to boost overall computin
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Trump signs new executive orders to boost quantum computing
US President Donald Trump signed two executive orders to boost quantum research and strengthen security infrastructure in a post-quantum world.
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Meta signs new AI computing deals with data center firm Crusoe, Bloomberg News reports
June 18 : Meta Platforms has secured new agreements to get AI computing power from data center developer Crusoe, Bloomberg News reported on Thursday, as it strengthens infrastructure required to support its AI expansion.Meta and Crusoe did not immediately respond to Reuters’ requests for comment on the repor
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Apollo, Blackstone back Anthropic’s $35 billion capacity expansion in new Broadcom tie-up
June 9 : Apollo and Blackstone are financing a $35 billion expansion of AI computing capacity for Anthropic using Broadcom’s custom chips and networking solutions as part of a tie-up between the asset managers and the chipmaker.The initial commitment will expand the Claude Code creator’s AI computing capacity
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Honeywell’s Quantinuum valued at $17.6 billion as shares rise in Nasdaq debut
June 4 : Shares of Quantinuum rose 13.3 per cent in their Nasdaq debut, fetching a valuation of $17.63 billion as Honeywell’s quantum computing company became the latest to benefit from robust investor demand.The stock opened at $68, compared with its IPO price of $60. Breakthroughs in the fast-growing
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Honeywell’s Quantinuum set to open higher in Nasdaq debut after upsized IPO
June 4 : Shares of Honeywell-backed Quantinuum were indicated to open 1.67 per cent above their initial public offering price in their Nasdaq debut on Thursday, giving the quantum computing company a potential valuation of about $15.82 billion.The stock was last indicated to trade at $61, compared with its IP
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Honeywell’s Quantinuum heads for Nasdaq debut as quantum computing gains momentum
June 4 : Honeywell’s Quantinuum is set to make its U.S. market debut later on Thursday, after strong investor interest helped the quantum computing company raise $1.68 billion in an upsized initial public offering. Breakthroughs in the fast-growing technology have spurred bets that quantum machines could ev
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