Digital Connexion, the joint venture between Reliance Industries Ltd., Brookfield Asset Management Ltd., and Digital Realty Trust Inc., has announced a significant expansion into India’s fast-growing data center industry. The company signed an agreement to invest $11 billion by 2030 to build a large-scale data center campus in Visakhapatnam, Andhra Pradesh, a move that underscores
MediaTek Inc. shares are on track for their strongest weekly performance in more than two decades, driven by renewed investor confidence following advances in artificial intelligence technology at key customer Google. The rally underscores shifting expectations for the Taiwanese chipmaker, long reliant on smartphones, as it gains exposure to the fast-expanding AI hardware market. Best
US financial services firm StoneX Group is set to significantly expand its footprint in the burgeoning Indian market with a two-pronged strategy focused on both financial services and technological capability. The company plans to launch a dedicated precious metals trading desk in India in early 2026, marking a major commitment to servicing the country’s substantial
Baidu is expanding its artificial intelligence chip strategy as China accelerates efforts to reduce its reliance on Nvidia technology. The country’s tech giants continue to report strong demand for AI computing, but access to advanced chips has tightened due to export restrictions and global shortages. This environment has pushed Chinese platforms to build domestic hardware
China’s Baidu has begun large-scale layoffs that could reshape its workforce structure, as the company faces intensifying competition in artificial intelligence and shrinking advertising revenue, six people with knowledge of the matter said, Reuters reported. The reductions, which started this week, are expected to continue until the end of the year, marking one of the
OpenAI’s rapidly growing infrastructure requirements are driving a surge of borrowing among its partners, pushing total debt tied to the company close to $100 billion, reported Financial Times. The arrangement allows the artificial intelligence group to scale its computing capacity without assuming equivalent financial liabilities itself — a circular funding structure that is drawing heightened
The artificial intelligence sector has entered a new phase of rivalry and rebalancing, with Google unexpectedly emerging as this quarter’s disruptive force. Investors, analysts and technology partners are now reassessing whether Alphabet is poised to reassert dominance in an industry long shaped by Nvidia and OpenAI, as the debut of Gemini 3 — its latest
A cooling failure at a CyrusOne data center outside Chicago froze trading across CME Group’s entire futures complex early Friday, halting price discovery for oil, gold, currency pairs, and Treasury benchmarks during a critical month-end window. The outage, which began around 9:45 p.m. ET Thursday, left traders staring at static screens while engineering teams scrambled
These days, nearly every part of our financial lives runs online. One login takes you to your bank account, another to your crypto wallet, and another to an investment platform that tracks it all in real time. It’s convenient, sure—but all this connectivity also creates small cracks that attackers and systems alike can misread. One
CoreWeave stock price has been in a strong downtrend in the past few months, leading to a $52 billion wipeout as its market cap dropped from $88 billion in June to $35 billion. It has dropped from the year-to-date high of $187.16 to $71.30. So, will it rebound as insiders sell? CoreWeave stock at risk