AI usage keeps climbing, but spending has stalled. Price cuts and smarter cost controls among the biggest spenders could challenge investor assumptions about AI hypergrowth.
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Read the full story on TechCrunchThe deal highlights the challenges of developing massive AI data centers.
Nov 7, 2026
OpenAI is now valued at $1.25 trillion in a new round of funding that has raised another $11 billion, according to Bloomberg. That would make it one of the world's most valuable companies, not long after raising $122 billion from investors in March at a valuation of $852 billion. Echoing FT and Wall Street Journal reports from last week, Bloomberg says OpenAI is still pursuing additional…
Nov 6, 2026
China's intelligence agency recruited Megaspeed executive Alice Huang to spy on Nvidia CEO Jensen Huang, according to The New York Times. The Ministry of State Security (MSS) enlisted her to glean information about American AI chips and "potentially influence the company to push for its most advanced chips to be made available to China." Megaspeed is a customer of Nvidia's, and Alice Huang also…
Nov 6, 2026
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