Harold Hamm, an Oklahoma oil tycoon, has played a central role in reshaping energy policy by allying himself with President Trump.

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Oracle stock dropped after it reported disappointing revenues on Wednesday alongside a $15 billion increase in its planned spending on data centers this year to serve artificial intelligence groups.

Shares in Larry Ellison’s database company fell 11 percent in pre-market trading on Thursday after it reported revenues of $16.1 billion in the last quarter, up 14 percent from the previous year, but below analysts’ estimates.

Oracle raised its forecast for capital expenditure this financial year by more than 40 percent to $50 billion. The outlay, largely directed to building data centers, climbed to $12 billion in the quarter, above expectations of $8.4 billion.

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SpaceX is planning to raise tens of billions of dollars through an initial public offering next year, multiple outlets have reported, and Ars can confirm. This represents a major change in thinking from the world’s leading space company and its founder, Elon Musk.

The Wall Street Journal and The Information first reported about a possible IPO last Friday, and Bloomberg followed that up on Tuesday evening with a report suggesting the company would target a $1.5 trillion valuation. This would allow SpaceX to raise in excess of $30 billion.

This is an enormous amount of funding. The largest IPO in history occurred in 2019, when the state-owned Saudi Arabian oil company began public trading as Aramco and raised $29 billion. In terms of revenue, Aramco is a top-five company in the world.

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It is a time of superlatives in the tech industry, with historic profits, stock prices and deal prices. It’s enough to make some people very nervous.

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Howard Lutnick is helping push data center projects. His family companies are profiting from them.

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Palo Alto Networks Inc. announced Wednesday it will acquire Chronosphere, a next-generation observability platform designed for artificial intelligence (AI) workloads, in a $3.35 billion deal combining cash and replacement equity awards. The acquisition, pending regulatory approval, is expected to close in the second half of Palo Alto Networks’ fiscal 2026. The move represents the cybersecurity..

The post Palo Alto Networks to Acquire AI Observability Platform Chronosphere for $3.35 Billion appeared first on Security Boulevard.

The company, which makes the computer chips essential to the artificial intelligence boom, also said revenue in its recent quarter rose to $57 billion.

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Mr. Musk’s xAI will work with the Saudi artificial intelligence company Humain on a new data center, part of Crown Prince Mohammed bin Salman’s effort to diversify his kingdom’s economy.

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The Pennsylvania site, shorthand for the dangers of nuclear power after a 1979 meltdown, is set for revival under a deal to power Microsoft data centers.

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“As you may have noticed, it is not easy to build data centers here on Earth.”

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While the tech giants have plenty of money to build data centers, smaller outfits are taking on debt and taking big chances to work with them.

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The A.I. company faced pushback after a top executive raised the idea of government aid, amid concerns that the A.I. industry is headed toward a dangerous bubble.

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After signing agreements to use computing power from Nvidia, AMD and Oracle, OpenAI is teaming up with the world’s largest cloud computing company.

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Despite the risk of a bubble, Google, Meta, Microsoft and Amazon plan to spend billions more on artificial intelligence than they already do.

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After unexpectedly strong sales and profits across its consumer and cloud businesses, the tech giant said another strong quarter might be ahead.

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The Silicon Valley company projected more spending this year and said it would continue in 2026 as it hires A.I. researchers and builds data centers to power the technology.

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The company reported higher-than-expected capital expenditures of $34.9 billion in its latest quarter.

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The A.I. chip maker has become a linchpin in the Trump administration’s trade negotiations in Asia.

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The company is looking to slash costs by “reducing bureaucracy, removing layers, and shifting resources” as it continues to spend aggressively on artificial intelligence.

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Qualcomm, which is known for its chips in smartphones, also announced a deal with Humain, a Saudi-backed A.I. company. The news sent Qualcomm’s share price soaring.

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The kingdom is pouring money into data centers and working with U.S. and Chinese tech giants, landing its A.I. ambitions in the middle of a geopolitical tussle for tech power.

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As tech companies build data centers worldwide to advance artificial intelligence, vulnerable communities have been hit by blackouts and water shortages.

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Political debates have flared across Chile over artificial intelligence. Should the nation pour billions into A.I. and risk public backlash, or risk being left behind?

After signing multibillion-dollar agreements to use chips from Nvidia and AMD, OpenAI plans to deploy its own designs next year.

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An executive of a Singaporean firm called Megaspeed socialized with Nvidia’s Jensen Huang. Now the company is being scrutinized by U.S. officials for its ties to China.

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