Big 5 AI ‘hyperscalers’ have quadrupled their use of debt to fund operations, Bank of America says
To put that $121 billion in perspective, it’s more than four times the average level of debt ($28 billion) issued by these companies annually over the previous five years, per…
AI’s power and water consumption is worrying the agriculture sector: ‘Don’t forget that it is also required for us to grow food’
Nations around the world are rapidly building out the infrastructure needed to take part in the AI boom–including massive, multibillion dollar investments in data centers, which house and manage the…
Nvidia says it has ‘visibility to a half a trillion dollars’ in revenue through 2026. That would make it one of America’s biggest companies
Nvidia pleased investors with its latest earnings announcement: The company’s Q3 revenues of $57 billion beat expectations, as did its earnings and its forecast for Q4, and its share price…
Quantum computers could be powerful enough to crack Bitcoin sometime after 2030, CEO of Nvidia’s quantum partner says
Quantum technology is not yet good enough to pose a threat to cryptocurrency, but it is getting there, Théau Peronnin, the CEO of Alice & Bob, told Fortune at Web…
Panera’s CEO unveiled a comeback plan—and it includes better ingredients like lettuce: ‘No one likes iceberg’
The overhaul includes:source
Target’s CEO is betting billions that Gen Zers will get off their phones and fuel a comeback
Target plans roughly $5 billion in capital spending next year, including an additional $1 billion for 2026, as it works through declining comps and weaker traffic while leaning into categories…
Nvidia blows past revenue targets and forecasts trillions in AI infrastructure spending by end of decade
Nvidia’s stock rose as much as 5.7% in after hours trading, after finishing the regular session up 3%.In a conference call with investors on Wednesday, Nvidia executives stressed the underlying…
Jensen Huang pours cold water on an AI bubble, and says ‘Nvidia is unlike any other accelerator’ in the boom
AI bubble? Jensen Huang doesn’t know her. Chief financial officer Colette Kress told analysts that Nvidia expects to benefit from $3 trillion to $4 trillion in AI infrastructure spending by 2030,…
Wisconsin archaeologists unearth a prehistoric lake ‘parking lot’ by mapping the location of 16 ancient canoes
Archaeologists have identified more than a dozen ancient canoes that Indigenous people apparently left behind in a sort of prehistoric parking lot along a Wisconsin lakeshore.The Wisconsin Historical Society announced…
Nvidia blows past revenue targets and forecasts continued strong demand for AI chips
“Blackwell sales are off the charts, and cloud GPUs are sold out,” CEO Jensen Huang said in a prepared statement. Nvidia’s stock rose as much as 5% in after hours…
