Search results for Colossus 1
Industry
SpaceX loses over $500 billion in market value a month after IPO ahead of first earnings
SpaceX is set to report its first earnings since its IPO after losing more than $500 billion in market value in about a month. Shares have fallen for four straight weeks since trading began on June 12 and are down more than 50 percent from an intraday peak. The company reports after the close on Aug. 5. Lockup expirations, short selling, Starship progress and an AI push are among factors in focus.
AI & Enterprise
Anthropic begins talks to lease Meta computing power
Anthropic is in early-stage talks on a plan to lease computing power from Meta Platforms, CNBC reported on Thursday. The potential deal is being discussed at about $10 billion. After the report, Meta shares rebounded from an intraday low. The talks come as Anthropic expands efforts to secure external infrastructure and continues large contracts to access Nvidia AI chips, while Meta separately reviews entering the cloud computing business.
Industry
GE Vernova gas turbines sold out through 2029 amid surging AI power demand
Surging power demand from the expansion of AI data centres is boosting the U.S. power-generation equipment market. GE Vernova, one of the world’s largest gas turbine makers, says orders for large gas turbines are effectively filled through 2029. Major hyperscalers are expanding adoption of industrial turbines to secure reliable electricity as grid connections face delays. GE Vernova is increasing production capacity and hiring in South Carolina.
