Pennsylvania just made itself one of the hardest US states to build a data centre in
Government and policy
Groq closes $350M Series A at $3.5bn evaluation and Nvidia joins the round
Investors and funding
Latest news
INVESTORS AND FUNDING
Temporal is in talks to raise $500mn at a $12bn valuation, double February
Temporal is in talks to raise about $500mn at a valuation of at least $12bn, Bloomberg says. That would more than double what the reliability software firm was worth in February, and mark its second doubling this year. Its biggest customer is OpenAI. The round is not yet closed.
INVESTORS AND FUNDING
Nebius is raising $4.5bn in convertible bonds to build AI data centres
The Amsterdam AI cloud firm is selling $2.75bn of bonds due 2030 and $1.75bn due 2034 to fund data centres and buy GPUs. Bloomberg says the sale prices on Wednesday, and Nebius shares fell as much as 9.2% after a 197% run this year. It is the company’s second big convertible raise of 2026.
ARTIFICIAL INTELLIGENCE
Target appoints its first chief AI officer as retailers scale up AI spending
Chandhu Nair joins from Lowe's on August 24, into a job that barely existed two years ago and now sits in three quarters of large organisations
META
A watchdog says Meta pays influencers to fight teen bans worldwide
The Tech Transparency Project says Meta stages branded events and pays local influencers to argue that its Teen Accounts make social media bans unnecessary. The tactics have spread to more than a dozen countries. Meta says its partnerships are disclosed and standard practice.
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