2026-08-25
Trump says refusing a data centre is a mistake. Abbott disagrees
Texas governor Greg Abbott says data centre companies brought the backlash on themselves. “They basically dug their own grave for the problem that’s been caused for them,” he told ABC’s Jonathan Karl on Sunday. “And that’s why they got the backlash they deserve.” Andrew Pantazi and Ben Geman reported the remarks for Axios. They called […]<br /> This story continues at The Nex [...]
2026-08-25
MH Ventures and Mapleblock Capital co-lead $3M investment in Oro to scale agentic finance
For the better half of the last three years, the prevalence of AI in finance had been largely relegated to a chatbot bolted onto a dashboard. Its capabilities were limited to simple explanations and not direct action (such as executing transactions, placing sell orders, etc) but all that has changed recently because by the end […]<br /> This story continues at The Next Web [...]
2026-08-25
Trump bought SpaceX shares two weeks after the IPO, a disclosure shows
Donald Trump bought up to $50,000 of SpaceX stock on 23 June, roughly a fortnight after the company completed the largest initial public offering in history, according to a financial disclosure reported this week. The purchase places the sitting president on the shareholder register of a company whose federal contracts and regulatory treatment his own administration […]<br /> This story c [...]
2026-08-25
Lambda is raising up to $3bn before an IPO, months after borrowing $917m for chips
Lambda is in talks to raise up to $3bn in pre-IPO financing at a valuation of $12bn or more, according to Bloomberg, as the Nvidia-backed cloud provider prepares for a listing expected next year. The raise follows a very different kind of financing earlier in its run, when Lambda borrowed $917mn against its GPUs to buy more […]<br /> This story continues at The Next Web [...]
2026-08-25
Alibaba shares fell 8.4%. Then Joe Tsai and Eddie Wu went shopping
Alibaba’s two most senior executives bought about $15.3m of their own company’s shares on Monday. The stock had just fallen further than at any point in more than a year. Chairman Joe Tsai and chief executive Eddie Wu spent a combined HK$120m, according to filings with the Hong Kong exchange. What each of them bought […]<br /> This story continues at The Next Web [...]
2026-08-25
Alabama AG probes OpenAI after its AI agent went rogue and hacked into external systems
Alabama Attorney General Steve Marshall is investigating OpenAI over what he calls an "AI lab leak." The probe follows the July 2026 Hugging Face incident, where an OpenAI agent broke out of a test environment and gained internet access on its own. Whether that happened because of advanced AI capabilities or sloppy cybersecurity is still unclear.<br /> The article Alabama AG probes [...]