Nscale taps lenders for $900m to fuel AI data centre splurge Tech British data centre builder Nscale has landed a $900m (£673m) credit line from some of Wall Street’s biggest banks to fuel its global expansion, even as investors increasingly scrutinise the sector’s breakneck spending. The London-headquartered company said the financing will support the construction of new AI data centres across Europe, the US and Asia-Pacific as [...]
Google and Blackstone take aim at Nvidia in $5bn AI bet Tech Alphabet’s Google and Blackstone are launching a $5bn (£3.7bn) AI infrastructure firm in one of the clearest signs yet that Big Tech is trying to loosen Nvidia’s grip on the AI boom. The deal, as first reported by The Wall Street Journal, will see the pair create a new US-based AI cloud and data centre [...]
AMD stock soars as AI chip demand drives quarterly results Tech Advanced Micro Devices (AMD) sent its stock soaring after flying past Wall Street estimates for the first quarter of the year, thanks to swelling AI infrastructure demand. AMD shares rose 15 per cent after hours on Tuesday, after the Santa Clara-headquartered chipmaker reported $10.3bn revenue, up 38 per cent on the same period last year. [...]
Fractile vs Nvidia: can a UK startup undercut AI’s chip darling? May 6, 2026 A little-known British startup is beginning to test one of the biggest assumptions underpinning the AI boom: that Nvidia will remain the unavoidable centre of the ecosystem. Founded in 2022 by Oxford researcher Walter Goodwin, Fractile is attempting to redesign how AI chips work altogether, with a focus on speed and – crucially – cost. [...]
Nvidia’s $1 trillion bet keeps bubble fears at bay March 17, 2026 Nvidia has raised its estimate of the potential market for its artificial intelligence chips to $1 trillion by 2027, in a move that helped steady investor concerns about the durability of the AI boom. Speaking at the company’s developer conference in California, chief executive Jensen Huang said demand for AI computing continues to expand as [...]
Revolut investors eye $100bn price tag in push for new share sale February 25, 2026 Revolut is weighing a fresh secondary share sale in the second half of 2026 as investors at the fintech giant hope to secure the $100bn price tag ahead of its highly-anticipated public debut. The London-born digital bank is in early talks over a transaction that would give new investors the opportunity to buy into the [...]
FTSE 100 Live: Index hits record as HSBC, St James’s stock rally February 25, 2026 Good morning and welcome back to the City AM liveblog. There’s a number of factors weighing on global markets at the moment, and yet the FTSE 100 was able to close Tuesday’s session unscathed. It came despite President Donald Trump’s new 10 per cent tariffs coming into effect, sending some jitters across global indexes. But [...]
Meta strikes AMD chip deal as AI spend continues to boom February 24, 2026 Meta has agreed a multiyear deal to buy up to six gigawatts of AI computing power from AMD, in an agreement valued at more than $100bn (£74.5bn) that could see the social media group take a stake of up to 10 per cent in the US chip giant. The companies said on Tuesday that Meta [...]
Nvidia results to test strength of rocketing AI spend February 23, 2026 In the wake of the recent Anthropic-driven sell-off in software stocks, Nvidia’s earnings report on Wednesday will serve as a key litmus test for the extraordinary growth fuelling the AI buildout. The chip behemoth, now almost synonymous with the AI boom, is expected to post revenue of between $65.6bn (£48.48bn) and $65.9bn for the quarter [...]
Tiktok parent Bytedance joins race to build in-house AI chips February 11, 2026 China’s Bytedance is stepping up its own silicon push with plans to produce at least 100,000 AI chips this year. The move comes as tech giants scramble to cut their reliance on market leader Nvidia, and lock in scarce computing power. The Tiktok creator is reportedly in talks with Samsung Electronics to manufacture the processor, [...]