I Squared Capital's investment signals a significant shift towards AI infrastructure, potentially reshaping data center economics and tech innovation.
The post I Squared Capital buys $225M data center portfolio from Cogent Fiber to build AI inference platform appeared first on Crypto Briefing.
Tech companies seem to be falling over each other these days in firing people to either replace them with AI or to pay to build AI infrastructure. Wouldn’t it be nice if they at least waited until AI actually worked for business?
On the one hand, top tech businesses such as Amazon, Block, Cisco, Cloudflare, and Meta have all announced that they’re slashing payrolls — either because AI can do the same work as people or they need the cash to build out their AI infrastructure. Isn’t that great? All together, of the 37,638 tech job cuts so far this year, 47.9% — almost half — can be tracked back to AI.
On the other hand, despite all the AI hype and hysteria, no one has yet proven that AI is, generally speaking, really all that helpful for businesses. Oh, I know, I know. You did great things with OpenClaw vibe programming. Microsoft’s CEO, Satya Nadella, claims 20% to 30% of the company’s code was written by AI. And Nvidia assures us that 88% of its surveyed customers report AI has increa
Innio's IPO highlights the growing investor interest in energy solutions essential for AI infrastructure, signaling a shift in industrial valuations.
The post Innio targets $20.3B valuation in US IPO led by Advent International appeared first on Crypto Briefing.
Innio's IPO highlights the growing investor interest in energy solutions essential for AI infrastructure, signaling a shift in industrial valuations.
The post Innio targets $20.3B valuation in US IPO led by Advent International appeared first on Crypto Briefing.
The chip boom underscores the strategic importance of AI infrastructure, reshaping market dynamics and elevating global economic influence.
The post Micron and SK Hynix join trillion-dollar club amid chip boom appeared first on Crypto Briefing.
Render has surged back to a 4-month high as demand for AI infrastructure has grown and the network’s on-chain activity has exploded. Render Has Gone Up By More Than 30% Over The Past Week While the rest of the cryptocurrency sector has found itself stuck in consolidation during the past week, Render is among the few tokens that have witnessed a breakout inside the window. Related Reading: Dogecoin Must Hold This Level To Avoid Drop To $0.088, Analyst Says Below is a chart that shows how the altcoin’s recent performance has looked. As is visible in the graph, RENDER was trading around $1.80 last Tuesday, but since then, it has shot up to $2.35. This represents an increase of more than 30% over the last seven days. The current value of the asset is the highest that it has been since January. Now, what’s behind the run? There could be a multitude of factors involved here. To begin with, Render is unlike many other cryptocurrencies in that its network acts as a marketplace for a real-world
IREN's strategic pivot to AI infrastructure, backed by substantial investments, positions it for growth but ties its fortunes closely to Microsoft's plans.
The post IREN Limited signs $1.6B deal with Dell for AI cloud systems appeared first on Crypto Briefing.
