A new AI and energy-focused SPAC has raised $175 million and assembled an all-star advisory team from Nvidia and Prologis. The blank-check company aims to capitalize on the booming demand for AI infrastructure. This comes as the SPAC market shows tentative signs of recovery.
European software leader SAP has reportedly secured 85% of its 2026 revenue pipeline through AI-driven customer deals. The company’s cloud backlog surged 23% to €18.8 billion as enterprises increasingly adopt SAP’s artificial intelligence solutions.
While the enterprise artificial intelligence sector remains dominated by U.S. technology giants, SAP is emerging as Europe’s formidable contender in the space, according to recent reports. Sources indicate the German software company is experiencing unprecedented deal momentum driven primarily by customer demand for AI solutions.
Profitability Under Pressure: Tesla’s Third Quarter Financials In the competitive landscape of electric vehicle manufacturing, Tesla’s latest quarterly report reveals…
Investor Coalition Challenges Musk’s Unprecedented Pay Package A coalition of influential unions and corporate governance advocates has launched a campaign…
The Acceleration of Automation Goldman Sachs CEO David Solomon has drawn a crucial distinction between the current artificial intelligence revolution…
CoreWeave’s CEO has characterized the proposed $9 billion acquisition of Core Scientific as a “nice to have” rather than essential. Shareholder resistance continues to mount, with a key proxy advisor recommending against the deal ahead of the October 30 vote.
CoreWeave CEO Michael Intrator has reportedly described the company’s proposed acquisition of Core Scientific as non-essential, stating the $9 billion all-stock deal represents a “nice to have” rather than a necessity for the AI cloud provider. This characterization comes as shareholder opposition to the acquisition intensifies, with a crucial vote scheduled for October 30 that could determine the deal’s fate.
Apple’s Stock Soars to Unprecedented Heights In a remarkable display of market confidence, Apple Inc. has seen its stock price…
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Electricity providers across the United States are confronting significant challenges in predicting power demand from the artificial intelligence boom. Industry leaders and regulators warn that overlapping project proposals and inflated load forecasts could impact billions in infrastructure investments and consumer electricity bills.
Electricity companies nationwide are grappling with the challenge of determining how much additional power generation will actually be needed to support the artificial intelligence boom, according to industry reports. The uncertainty stems from conflicting projections about data center construction and concerns that the same large projects are being proposed to multiple utilities simultaneously.
Former Meta executive Nick Clegg has raised concerns about potential AI market correction, citing “crazy valuations” and unsustainable dealmaking pace. The industry veteran pointed to massive capital requirements and technical limitations as factors increasing correction likelihood.
Former Meta Platforms executive Nick Clegg has expressed concerns that the artificial intelligence sector may be headed for a market correction, according to recent reports. The former president of global affairs at Meta reportedly told CNBC that the AI industry “certainly got some pretty prominent features of what looks like a bubble.”
