Category Compute

SpaceX’s AI Business Surges Past $2.6 Billion as Losses Persist

SpaceX AI revenue jumped to $2.6 billion, but losses persisted as the company spent heavily on compute deals, Starship and satellite growth.

Nvidia-backed OSAA is moving fast on AI security, opening proposals and drawing 120+ companies as it shapes open-model safeguards.

Anthropic’s reported AI compute deal with Volta could lock in $10 billion of cloud capacity over six years, intensifying the AI infrastructure race.

Texas ordered a data center audit before grid hookups, a move aimed at protecting the grid as AI demand surges.

Texas orders data center audits as ERCOT’s queue hits 474 GW, raising questions about power, water, and grid reliability.

EON raised $10.75M to use space lasers for data center traffic, targeting high-bandwidth links between continents and AI infrastructure.

SpaceX says xAI turbines powering Memphis-area data centers will stay until July 2027 as lawsuits and a new gas plant reshape the fight.

AI hedge fund Situational Awareness sold most public holdings to Citadel after losses, but its Anthropic stake could still drive a rebound.

Amazon’s AI spending surged as AWS revenue jumped 37%, boosting shares nearly 10% and highlighting investor appetite for cloud-backed AI growth.

An AI hedge fund founded by a 24-year-old saw its valuation plunge after a sharp selloff, exposing the risks behind the AI hedge fund boom.