Tech Industry
Firmus pulls $5 billion IPO, turns to private investors
Nvidia-backed Firmus pulled its US$5 billion IPO on October 9, citing volatility. It had sought a US$30.6 billion value, triple its August round.
AI Infrastructure news and analysis
The money and hardware behind AI at scale: Nvidia's quarterly data-center revenue, Crusoe's funding round tied to a cloud deal, and Hyundai's dedicated fleet feeding a training loop. Each story gives the dollar figure, the valuation or revenue number, and who is paying whom.
Tech Industry
Wood Mackenzie: batteries beat gas peakers in 43 markets
Four-hour batteries now cost less than open-cycle gas peakers in all 43 markets Wood Mackenzie modeled. Solar is the cheapest new power in 43 of 48.
Tech Industry
Tech firms pledge $2.4B in compute to Genesis Mission
Eleven companies pledged $2.4 billion in compute credits to the Genesis Mission on October 8. Nvidia gave $1 billion; Musk, Huang and Su got science medals.
Tech Industry
Samsung Q3 2026 profit guidance hits 107.4 trillion won
Samsung guided to about 107.4 trillion won ($80 billion) of Q3 2026 operating profit, nine times a year earlier, as AI demand drives memory prices up.
Tech Industry
DayOne files for a Nasdaq IPO with 962 MW in service
Data center operator DayOne filed for a Nasdaq IPO as DODC. It has 962 MW in service and needs about $11.4B to build the 2,281 MW it has already booked.
Startup Watch
Lambda is raising up to $4B ahead of a 2027 IPO
GPU cloud Lambda is raising up to $4B at a $14.5B pre-money valuation, led by Blackstone and Coatue. Its backlog jumped from $15B to $50B in three months.
Tech Industry
Google signs a 3,590 MW power deal with Constellation
Google contracted 3,590 MW from Constellation Energy, including 890 MW from upgraded nuclear reactors over 20 years. First power arrives in 2028.
Startup Watch
Vinci raises $250M to speed up chip physics simulation
Vinci raised a $250M Series B at a $1.5B valuation for AI physics simulation it says runs up to 1,000 times faster than conventional chip design tools.
Startup Watch
Nebius buys Inferize for up to $150M to cut cold starts
Nebius paid a reported $100-150 million for Inferize, a 17-person startup founded in January that cuts GPU idle time when AI models start up.
Tech Industry
Federal judge rules a Flock plate search unconstitutional
A federal judge ruled a warrantless Flock license plate search broke the Fourth Amendment and threw out 91 pounds of seized meth. It is not binding precedent.
Tech Industry
Amazon signs 20-year Calvert Cliffs nuclear power deal
Amazon will buy 690 MW from Maryland's Calvert Cliffs nuclear plant for 20 years, backing a $3 billion upgrade that adds 190 MW between 2030 and 2032.
Tech Industry
Broadcom to lend Anthropic up to $42B for TPU leases
Broadcom will lend Anthropic up to $42 billion, a third of its $125.2 billion TPU lease, per an IPO prospectus that flags a potential conflict of interest.
Tech Industry
Meta claims $3.9B research tax credit on AI data centers
Meta saved $3.9 billion in 2025 by calling AI data centers research 'pilot models' under a 1981 tax credit, the New York Times reports.
Dev Stack
Cloudflare AI Search goes GA with image search and OCR
Cloudflare AI Search is generally available as of October 1, 2026, with image embeddings, OCR and 10 MiB files. Billing starts November 1.
Tech Industry
Micron sees tighter memory supply in 2027 and 2028
Micron posted $54.23 billion in fiscal Q4 revenue and guided to $61.5 billion, then warned memory supply will be tighter in 2027 and 2028 than in 2026.
AI & LLMs
Hyundai puts its Atria AI data flywheel into operation
Hyundai says 40 dedicated cars now feed a training loop for its Atria AI driving system, with a Level 4 pilot in Gwangju due by the end of 2026.
Startup Watch
Crusoe reportedly raises $3B at a $30B valuation
Crusoe has reportedly raised $3 billion at a $30 billion valuation, three times its October 2025 mark, after signing a $13 billion cloud deal with Jane Street.
Tech Industry
Nvidia posts $96.2B quarter and guides to $108B for Q3
Nvidia reported $96.2 billion in revenue, up 106% in a year, with data centre sales at $89 billion. Its own release guides to $108 billion for this quarter.
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