Business & Industry

Oracle's Q3 FY2026 earnings reveal its fastest organic revenue growth since 2009, driven by explosive AI infrastructure demand, a 531 percent jump in multicloud database revenue, and a remaining performance obligations backlog that has tripled year over year.

UK-based AI infrastructure hyperscaler Nscale closes a $2 billion Series C at $14.6 billion valuation, adding Sheryl Sandberg and Nick Clegg to its board.

Nominal, an Austin-based hardware data platform, reached a $1 billion valuation after raising an $80 million Series B extension led by Founders Fund, bringing total funding to $155 million in under ten months.

Amazon, Nvidia, and SoftBank pour $110 billion into OpenAI at a $730 billion pre-money valuation, reshaping the AI capital landscape and ending Microsoft's exclusive cloud partnership.

Jack Dorsey's payments company eliminated 4,000 jobs—nearly half its staff—attributing the cuts directly to AI productivity gains and predicting most companies will follow within a year.

Meta begins construction on a 1-gigawatt data center campus in Lebanon, Indiana, part of a broader AI infrastructure arms race that will see the four largest tech companies spend upwards of $650 billion in 2026.

Google's parent launches a historic multi-currency debt offering, including the first century bond from a tech company since the dot-com era, to fund up to $185 billion in AI infrastructure spending.

Aviation automation startup Skyryse raises $300M Series C at $1.15B valuation to certify SkyOS, a fly-by-wire system replacing complex mechanical controls with a single joystick and touchscreens.

Amazon beats Q4 revenue estimates with AWS growing 24%, but a $200B capex plan — $51B above consensus — and 16,000 job cuts signal the true cost of competing in AI