Business & Industry

GMI Cloud says it raised $223 million in Series B equity led by ARCHIV plus a $445 million CTBC-led credit facility to expand GPU and inference capacity in the US, Taiwan and APAC.

British AI neocloud Nscale secures $3.36 billion in convertible financing led by Third Point and Nvidia ahead of an NYSE listing targeting a $35 billion valuation.

Crusoe's oversubscribed round, co-led by Atreides, Mubadala and Valor, funds modular Spark data centers and its Managed Inference platform, which claims to outpace vLLM.

ClickHouse acquired security data platform RunReveal, folding in-house the expertise behind a product already built on its own database.

MotherDuck bought Tower Computing Inc., the runtime provider already powering its Flights feature for AI-built data pipelines.

Amazon will acquire the Amsterdam company behind DuckDB, but not the open-source project itself, which stays MIT-licensed under the independent DuckDB Foundation.

Dash0 buys Berlin's Polar Signals to bring CUDA-aware continuous profiling and a new storage engine into its OpenTelemetry-native observability platform.

Scott Wu says Cognition is "not for sale" after Bloomberg reported SpaceX approached the Devin maker days after closing its $60 billion Cursor deal.

SpaceX completed its all-stock acquisition of AI coding tool Cursor on August 14, giving the startup access to SpaceX's GPU fleet.

Blacksmith's valuation jumped nearly tenfold in under a year as demand for validating AI-generated code accelerates CI workloads.

A GitHub Actions failure on August 6 knocked out workflows, Pages, and Copilot for over eight hours, extending a run of dozens of monthly incidents this year.

EchoStar's Hughes satellite broadband unit filed for Chapter 11 after losing 21.7% of subscribers to Starlink and other LEO rivals over the past year.