An AI correction is now a top global credit risk, Fitch says

Fitch Ratings has gathered a number of the market’s quieter anxieties into a single sentence, warning that a possible AI market correction is now emerging as one of the biggest credit risks facing t [...]

Core Scientific pivots to AMD with 2.5GW AI data-centre pact months after CoreWeave deal collapsed

Nine months after its own shareholders torpedoed a roughly $9bn takeover by CoreWeave, Core Scientific has found a far larger partner in the chipmaker trying to loosen Nvidia’s grip on artificial i [...]

Meta and BlackRock form a $14bn venture to build an El Paso AI data centre

Meta has folded its half-built El Paso data centre into a joint venture with BlackRock, formalising a structure that keeps most of a $14bn project off its own books. Under the agreement, funds managed [...]

Mate Security Crosses $50M in Funding as AI Security Operations Startup Heads to Black Hat USA

Artificial intelligence is reshaping cybersecurity at a pace that many security operations centers were never designed to handle. While organizations are embracing AI to improve efficiency, attackers [...]

Dwelly raises $170M to turn UK lettings agencies into software

The London startup is buying independent lettings firms and folding them onto an AI platform, with EQT Growth leading the equity and Trinity Capital supplying the debt. The UK lettings business still [...]

Australia’s world-first data centre rules need every state to agree. Two just said no.

Australian Prime Minister Anthony Albanese’s proposed national environmental and energy controls for the country’s A$150 billion data centre pipeline hit their first obstacle on Tuesday, when two [...]

Nvidia announced $750bn of AI deals. Its own credit market flinched.

Nvidia is working on a fresh round of AI infrastructure deals potentially worth more than $750 billion, Bloomberg reported, accelerating a pattern of investment that critics say inflates demand and va [...]

UK MP asks High Court to force xAI to stop Grok making sexualised images of her

Jess Asato, the Labour MP for Lowestoft, has asked the High Court in London to force Elon Musk’s xAI to stop its Grok chatbot from generating sexualised images of her, sharpening a claim that her la [...]

Amkor will spend up to $3bn this year, close to 40% of its revenue

Amkor Technology reported record second quarter results on Monday. Revenue reached $1.9bn, up 26% on a year earlier, and net income more than tripled. Operating income roughly doubled to $200m. Earnin [...]