Tag: investment

Uber Invests $1.25 Billion in Rivian with Plans to Purchase Up to 50,000 Electric Vehicles for Robotaxi Service

Uber commits $1.25 billion investment in Rivian and agrees to buy up to 50,000 EVs to support its robotaxi ambitions and autonomous ride services.

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Nikola Motor Founder Seeks Funding for AI-Driven Aircraft After Legal Troubles

The founder of Nikola Motor, previously convicted, is now pursuing investment for a startup focused on AI-controlled airplanes.

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Data Center Construction Outpaces Office Building Spending in the US Amid AI Boom

For the first time, US data center construction costs have exceeded those for office buildings, reflecting shifts driven by AI expansion.

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AI Boom Creates 45 New Billionaires in Forbes 2026 Ranking

Forbes 2026 list reveals 45 newly minted AI billionaires, pushing the industry total to 86 with a combined fortune of $2.9 trillion.

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Russian AI Leaders Seek Massive State Funding, Government Opts for Non-Financial Support

Sber and Yandex requested hundreds of billions for AI development, but Russian authorities prefer non-monetary backing.

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Nvidia Commits $2 Billion to Nebius for AI-Optimized Data Center Expansion

Nvidia invests $2 billion in Arkady Volozh’s Nebius to build data centers tailored for AI workloads amid growing cloud demand.

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Forbes Revises Pavel Durov’s Net Worth, Reflecting Telegram’s Market Valuation Drop

Pavel Durov’s net worth shrinks significantly amid telecom market shifts, with Telegram’s valuation adjusted by Forbes following industry changes.

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Major Russian Telecom Operators Cut Infrastructure Capital Spending by Up to 30% in 2025

Russian telecom giants reduce 2025 infrastructure capital expenditures by 9–30%, anticipating future investment growth amid potential policy easing.

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OpenAI and Oracle Halt Expansion of Major AI Data Center in Texas Amid Funding Challenges

OpenAI and Oracle have suspended plans to enlarge their flagship AI data center in Texas due to funding issues and strategic concerns.

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SoftBank Plans Up to $40 Billion Borrowing to Support OpenAI Investment

SoftBank aims to secure up to $40 billion in debt financing to expand its investment in OpenAI’s US-based computing infrastructure.

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Nvidia Signals End of Major Equity Investments in OpenAI and Anthropic

Nvidia’s CEO indicates the company will no longer make significant capital injections into OpenAI or Anthropic amid revised investment plans.

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Asian Chipmakers Boost Capital Spending to $136 Billion Amid AI Growth

Asian semiconductor manufacturers plan to increase capital investment by 25%, reaching $136 billion this year driven by AI technology demand.

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