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Tech Funding

All articles tagged with #tech funding

politics2 months ago•3 min saved

Tech firms to bankroll AI-driven grid upgrades in the PJM region

The Trump administration and a bipartisan group of governors pressed PJM to reform the Mid-Atlantic/Midwest grid to power a wave of AI data centers, urging technology companies to finance new power plants for the region; the agreement covers about $15 billion in generation projects, calls for an emergency capacity auction to keep prices affordable, and directs PJM to act quickly to strengthen reliability while protecting residential customers.

via CBS News|

#ai-data-centers #bipartisan #grid-reform

business5 months ago•3 min saved

SoftBank cashes out $5.8B Nvidia stake ahead of AI investments

SoftBank sold its entire Nvidia stake for $5.83 billion to fund its AI projects and investments, highlighting its strategy to capitalize on AI growth while managing liquidity for new ventures like data centers and chip design acquisitions. The sale reflects SoftBank's focus on expanding its AI ecosystem amid debates about potential investment bubbles in the tech sector.

via Bloomberg.com|

#ai-investments #business #masayoshi-son

business10 months ago•2 min saved

Meta Considers Over $10 Billion Investment in Scale AI

Meta is in talks to invest over $10 billion in Scale AI, a key player in AI data labeling, marking its largest external AI investment and highlighting its focus on AI development amid industry competition. The deal, still pending final terms, underscores Meta's strategic push into AI, including collaborations with defense agencies and efforts to standardize its Llama model.

via Bloomberg|

#ai-investment #business #generative-ai