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Google and Blackstone have agreed to create a new AI cloud business that will run on Google's homegrown AI chips.
A jury ruled that Elon Musk waited too long to sue his OpenAI co-founders, dismissing his lawsuit based on the statute of limitations.
Meta is planning to build the world's largest AI facility in Louisiana.
Blackstone is providing $5 billion in equity for its new cloud venture with Google, which could be leveraged up to $25 billion with debt financing.
The new cloud computing venture between Blackstone and Google has a target capacity of 500 megawatts and will use Google's Tensor Processing Units (TPUs).
Anthropic has indicated it wants to use almost $200 billion of compute capacity from Google.
Meta is reassigning 7,000 workers to new jobs related to AI, according to an internal memo.
Meta plans to cut 10% of its staff this week to improve efficiency and offset investments in AI.
Standard Chartered CEO Bill Winters stated his company plans to cut more than 15% of its support staff by 2030, aiming to replace them with AI.
NVIDIA CEO Jensen Huang stated that demand for AI hardware is much greater than the world's overall supply capacity.
NVIDIA CEO Jensen Huang believes the Chinese market will eventually open back up to his company.
NVIDIA's H200 GPUs are licensed for sale to China.