Alibaba Accelerates AI Investment Beyond $53 Billion: Stakes Rise in the Global AI Race
Alibaba plans to ramp up AI spending past its original $53 billion target as CEO Eddie Wu anticipates a $4 trillion global AI market over the next five years.
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Micron Q4: HBM Chip Demand Drives Record Earnings and Bullish Forecast
Micron crushed Q4 earnings thanks to booming AI hardware demand. Revenue hit $11.32B, beating estimates. Critical HBM chips fuel growth. They forecast a strong $12.5B next quarter, exceeding expectations.
Trump Administration Seeks Stake in Lithium Americas
The U.S. government wants up to 10% ownership in Lithium Americas' Thacker Pass mine, vital for U.S. electric vehicle (EV) batteries. This demand is tied to a $2.26B loan and aims to boost domestic supply to cut reliance on China.
Boeing and Palantir Join Forces to Bring AI to Defense Programs
Boeing Defense, Space & Security (BDS) is teaming up with Palantir Technologies to rapidly adopt Artificial Intelligence (AI) across its defense operations and sensitive programs.
Vertiv Stock Drop After Microsoft AI Cooling System Reveal
AI chips get too hot. Microsoft's new microfluidics system carves tiny channels into the chip to deliver liquid cooling directly, removing heat up to three times better than current tech. This boosts efficiency and allows for faster, denser chips (and future 3D designs).
US Antimony Wins $245 Million DLA Contract
USAC, the only North American antimony supplier, won a 5-year, $245M sole-source contract from the U.S. military (DLA) to supply antimony metal ingots.