AI chipmaker Cerebris is upsizing its IPO to as much as $4.8 billion amid massive investor demand, signaling a hot market for AI infrastructure plays.
Major tech companies are aggressively expanding their AI capabilities, with Alphabet boosting capex to $190B, SoftBank planning a multi-billion dollar data center in France, and OpenAI acquiring a consultancy to drive enterprise adoption.
The market is experiencing a period of high exuberance, with the Nasdaq 100 on a seven-week winning streak, driven by strong earnings and the overarching AI narrative, though some investors remain nervous about geopolitical risks and high valuations.
A new cybersecurity threat has emerged as Google researchers claim to have discovered the first zero-day attack created by an AI, highlighting the dual-use nature of advanced language models.