OpenAI is reportedly preparing for an initial public offering (IPO) that could value the company at up to $1 trillion, aiming to raise massive capital to finance CEO Sam Altman’s multi-trillion-dollar AI infrastructure plans.
Microsoft spent $34.9B on AI infrastructure in Q1, beating estimates but worrying investors about costs. Azure grew 39% as cloud business booms despite spending concerns.
Microsoft and OpenAI have finalized a major new agreement, restructuring ownership, extending IP rights to 2032, and outlining new conditions for AGI verification and Azure usage.
Qualcomm unveils AI200 and AI250 chips for data centers, entering the booming AI infrastructure market with competitive alternatives to Nvidia's dominant processors arriving in 2026-2027.
Alibaba Cloud cuts prices by up to 10.2% in Frankfurt, Tokyo, and Dubai as it expands globally with new data centers in Brazil, France, and the Netherlands to compete with AWS, Microsoft, and Google.
Advanced Micro Devices strikes a definitive agreement with OpenAI to supply 6 gigawatts of GPUs, challenging Nvidia's dominance and granting OpenAI warrants for up to a 10% stake in the chipmaker.
