Meta Drops 10% as Cash Burn Reaches Crisis Levels
Meta shares fell 10% after Q2 2026 earnings revealed the company burned through nearly all its free cash flow in one quarter, driven by massive AI infrastructure spending. The results raised questions about the sustainability of Meta's AI investment strategy.
Brookfield Wins DOE Site for $100 Billion AI Data Center Campus
Brookfield Asset Management won the Department of Energy's Paducah site for a $100 billion AI data center campus, one of the largest AI infrastructure projects ever announced. The project will create 5,000 jobs and include dedicated nuclear power capacity.
Meta and BlackRock Partner for $14 Billion AI Data Center in Texas
Meta and BlackRock announced a joint venture to build a $14 billion AI data center in El Paso, Texas, spanning 1,000 acres. The project is one of the largest private AI infrastructure investments ever announced.
Fresh off Bond Sale, Amazon Borrows $17.5B from Banks as AI Spending Continues
Amazon signed a $17.5 billion delayed-draw term loan led by Citigroup, just two days after a $14 billion Canadian bond sale brought new financing to $31.5B in 48 hours.
Seoul Purpose: How NVIDIA and South Korea Are Building the Future of AI
Jensen Huang visited Seoul to meet South Korea's AI builders, unveiling gigawatt-scale AI factory plans with NAVER, LG, SK and Hyundai, plus robotics, memory and RTX Spark partnerships.
SoftBank Pledges €75 Billion to Build Europe's Largest AI Data Centers in France
SoftBank announced a €75 billion investment to develop 5 gigawatts of AI data center capacity across three sites in France, the largest single AI infrastructure commitment in European history.
Building Blocks for Foundation Model Training and Inference on AWS
AWS engineers detail the infrastructure building blocks for foundation model training and inference, from B300 GPUs and EFA networking to Slurm, Kubernetes and PyTorch.