Runpod hits $1bn valuation as the AI compute crunch bites

Runpod has raised $100M and reached a $1bn valuation, a tenfold jump in under two years. The cloud startup rents out AI computing power, and it says it turned down buyout offers worth more than $500M. [...]

Oracle cuts about 500 jobs in Romania as AI restructuring rolls on

On the morning of June 25, Oracle began telling roughly 500 of its Romanian employees that their jobs were gone, part of the company’s long-running global reorganisation toward cloud and artificial [...]

onsemi to buy Synaptics in $7bn bet on ‘physical AI’

onsemi is buying Synaptics in an all-stock deal worth about $7bn. The onsemi Synaptics deal bets that AI’s next wave lives not in the cloud, but in cars, factories and robots. The chip industry has [...]

From Photo Backups to My Own Cloud Server: My Trip Into Home Data Storage

I just wanted to store my files safely. I ended up opening a Pandora's box of complications. [...]

China’s CXMT wins a reported $3bn memory deal with Tencent

ChangXin Memory Technologies has agreed to supply Tencent with roughly $3bn of memory chips, two people familiar with the matter told Reuters, in a deal that would bind one of China’s largest cloud [...]

AWS raises GPU prices 20% as the memory crunch bites

Renting an AI chip is starting to feel like booking a hotel in a sold-out city. You pay to hold the room, and the rate keeps climbing. On AWS, it just climbed again. Amazon Web Services has raised pri [...]

BT and Verizon sign 'major milestone' tie-up to connect customers across 180 countries

BT and Verizon are launching a new 50:50 joint venture to give global enterprises cross-border connectivity, cloud and security. [...]

DeepSeek open sources DSpark, a new framework to speed up LLM inference by up to 85%

Even as the geopolitical conversation around AI continues to grow more fraught following the U.S. government's actions to limit the new models from Anthropic and OpenAI, Chinese open source darli [...]

Google unveils Nano Banana 2 Lite aka Gemini 3.1 Flash-Lite for low cost, 4-second fast enterprise image generations

Google is upgrading its AI image generation capabilities today with the debut of Nano Banana 2 (NB2) Lite, an optimized model built for rapid execution and tight infrastructure budgets. Technically de [...]