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AI & Enterprise

Big Short\'s Michael Burry resumes Tesla short, targets Nvidia and semiconductor ETF

Investor Michael Burry, known as the real-life figure behind the film \'The Big Short\', disclosed a new short position in Tesla at $416.22 as part of a broader wager against what he called overheating in AI and semiconductors. He also listed shorts in Caterpillar, Nvidia, iShares Semiconductor ETF and Applied Materials. He did not disclose the size or structure of the Tesla position. Burry argued semiconductor valuations are at an extreme level.

AI & Enterprise

Omen AI raises $31 million Series A for real-time monitoring of AI data center cooling water

Omen AI has raised $31 million in a Series A round to commercialise technology that analyses AI data center cooling water in real time. The company aims to detect abnormalities early and reduce downtime that can cost millions of dollars. The round was led by Nava Ventures with participation from CRV and others. Omen AI says it works with about 12 data center customers, including TensorWave.

Industry

Microsoft, Chevron sign 20-year power supply deal to run AI data centres on natural gas

Microsoft and Chevron plan to build a 2.67 gigawatt natural gas power plant in west Texas and use it to supply electricity to Microsoft AI and cloud data centres. The companies have signed a 20-year power purchase agreement for dedicated supply. Most capacity will come from two GE Vernova turbines, with the remainder from Caterpillar unit Solar Turbines. The project has drawn attention to potential emissions and climate-strategy tensions.