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There's a Stunning Financial Problem With AI Data Centers

futurism.com Unknown 2025-10-22 06:21:32

Over the past few years, the tech industry's plans for artificial intelligence have grown from ambitious to outright treacherous, with the amount of money invested in the space so high it now poses a serious risk to the broader economy. Underlying the broader, often poorly-defined AI tech are data centers, which are vast warehouses stuffed to the brim with specialized chips that transform energy into computational power, thus making all your Grok fact checks possible. The economics of data cen

Topics: ai billion center centers data

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Nvidia earnings takeaways: A 'full steam' AI spend, but China uncertainty remains

cnbc.com Annie Palmer 2025-10-22 11:57:02

Nvidia stock fluctuated on Thursday as investors digested the company's latest earnings report, which signaled robust AI demand but provided little clarity on China. Sales surged 56% in the quarter to $46.74 billion, which was roughly in line Wall Street's projected $46.06 billion, according to LSEG. The company reported adjusted earnings per share of $1.05, just topping the $1.01 per share estimated by analysts. The better-than-expected results were clouded by concerns over Nvidia's future in

Topics: billion china company nvidia sales

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Figma-Killer Framer Valued at $2B in New Funding Round as No-Code Heats Up

gizmodo.com Riley Gutiérrez Mcdermid 2025-10-22 10:58:18

Framer, a Dutch company specializing in tools for automating web design, has secured a $100 million funding round that values the startup at $2 billion. The investment was led by existing backers Meritech Capital Partners and Atomico, according to a statement released Thursday. The massive capital infusion positions it to take on its largest rival, Figma, which also uses a community-based model to create websites and design. It went public in 2023 and debuted on the New York Stock Exchange thi

Topics: ai design framer million startups

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The ‘Twilight’ Movies Are Coming Back to Cinemas, Right in Time for Halloween

gizmodo.com Justin Carter 2025-10-22 15:13:52

Rejoice, Twilight fans: Soon you will be able to relive Edward and Bella’s love story on the big screen again. To celebrate the original book’s 20th anniversary, Lionsgate and Fathom are bringing the five films—Twilight, New Moon, Eclipse, and the Breaking Dawn duology—back to movie theaters right in time for Halloween, from October 29 to November 2. Each movie will screen on a specific day during that period. Live musicians will also perform the live score in concert during the first movie at

Topics: book lionsgate movie movies twilight

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Figma-Killer Framer Valued at $2B in New Funding Round As No-Code Heats Up

gizmodo.com Riley Gutiérrez Mcdermid 2025-10-22 15:58:18

Framer, a Dutch company specializing in tools for automating web design, has secured a $100 million funding round that values the startup at $2 billion. The investment was led by existing backers Meritech Capital Partners and Atomico, according to a statement released Thursday. The massive capital infusion positions it to take on its largest rival, Figma, which also uses a community-based model to create websites and design. It went public in 2023 and debuted on the New York Stock Exchange thi

Topics: ai design framer million startups

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No-code website builder Framer reaches $2B valuation

techcrunch.com Anna Heim 2025-10-22 15:15:51

Framer, a no-code website builder that claims over half a million monthly active users, has reached a $2 billion valuation after raising a $100 million Series D funding round led by existing investors Meritech and Atomico. This double-unicorn milestone comes at a time of hype for website builders — including direct competitors like Figma, Squarespace and Wix, as well as rising ‘vibe coding’ platforms such as Cursor and Lovable. In 2023, Framer raised a $27 million Series C led by Meritech at a

Topics: company disrupt framer million techcrunch

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Nvidia's Huang touts 'full steam' AI spend while China uncertainty remains

cnbc.com Annie Palmer 2025-10-22 19:52:52

Nvidia stock fluctuated on Thursday as investors digested the company's latest earnings report, which signaled robust AI demand but provided little clarity on China. Sales surged 56% in the quarter to $46.74 billion, which was roughly in line Wall Street's projected $46.06 billion, according to LSEG. The company reported adjusted earnings per share of $1.05, just topping the $1.01 per share estimated by analysts. The better-than-expected results were clouded by concerns over Nvidia's future in

Topics: billion china h20 nvidia quarter

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Are OpenAI and Anthropic Losing Money on Inference?

news.ycombinator.com Unknown 2025-10-22 15:15:22

I keep hearing what a cash incinerator AI is, especially around inference. While it seems reasonable on the surface, I've often been wary of these kind of claims, so I decided to do some digging. I haven't seen anyone really try to deconstruct the costs in running inference at scale and the economics really interest me. This is really napkin math. I don't have any experience at running frontier models at scale, but I do know a lot about the costs and economics of running very high throughput s

Topics: costs input million output tokens

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Investors are loving Lovable

techcrunch.com Rebecca Bellan 2025-10-22 19:04:06

In Brief Investors are clambering to get onto Swedish vibe-coding startup Lovable’s cap table, making unsolicited offers of investment that value the company at more than $4 billion, reports Financial Times. Lovable CEO Anton Osika isn’t currently engaging with the flurry of inbound, the Times says, which comes a few weeks after the startup announced a $200 million round at a $1.8 billion valuation in a deal led by Accel. A Lovable spokesperson told the outlet the company isn’t fundraising now

Topics: billion comes lovable million startup

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Nvidia beats on top and bottom lines as company expects breakneck AI spend to continue

cnbc.com Kif Leswing 2025-10-23 03:38:26

Nvidia reported better-than-expected earnings and revenue on Wednesday, and said sales growth this quarter will remain above 50%, signaling to Wall Street that demand for artificial intelligence infrastructure shows no sign of fading. The stock, which is up 35% this year after almost tripling in 2024, slipped in extended trading as data center revenue came up short of estimates for the second straight period. Shares pared the losses Thursday. Here's how the company did, compared with estimates

Topics: billion nvidia quarter revenue said

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Open Source is one person

news.ycombinator.com Josh Bressers 2025-10-23 02:54:59

The Register recently published a story titled Putin on the code: DoD reportedly relies on utility written by Russian dev. They should be ashamed of this story. This poor open source developer is getting beat up now to score some internet points. It’s very upsetting. But anyway, let’s look at some receipts. If you’re not real smrt, it seems like pointing out an open source project is written by one person in a country you don’t like is a bad thing. It could be. But it also could be the softwar

Topics: million open person projects source

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More than 10 European startups became unicorns this year

techcrunch.com Anna Heim 2025-10-23 10:16:00

Funding season is about to restart in Europe after the summer lull, and if all goes well, it will be counting new unicorns in dozens — plural. While mega-rounds are less common than they were in 2021, this hasn’t prevented 12 European startups from raising rounds at valuations of more than $1 billion during the first half of 2025. As the usual caveat goes, past performance is not indicative of future results, but this bodes well for the rest of the year. Either way, this is also a good indicati

Topics: 2025 capital million series startup

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With India’s corporate banking lagging decades behind consumer fintech, TransBnk raises $25M to bridge the gap

techcrunch.com Jagmeet Singh 2025-10-23 11:33:43

While digitization has transformed banking for Indian consumers, corporate banking has been left in the slow lane — still relying heavily on clunky infrastructure, paper trails, and spreadsheet-heavy workflows. TransBnk wants to address that gap, and Bessemer Venture Partners has invested in the three-year-old startup in a $25 million round to accelerate its progress. Over the past decade, India has experienced a significant boom in consumer fintech, driven by transformative shifts such as the

Topics: banking customers disrupt million startup

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AI Bubble Watch: Nvidia Shares Skid on Middling Q2 Results

gizmodo.com Ece Yildirim 2025-10-23 17:21:24

Nvidia reported mixed second quarter earnings on Wednesday, meeting some market expectations but missing others. The company posted revenue of $46.74 billion, up 56% from a year ago. The number is higher than the $45 billion Nvidia shared in earnings guidance last quarter, and is just barely above the projected market consensus of $46.23 billion, according to Bloomberg. Adjusted earnings per share came in at $1.05, above the average market estimate of $1.01. Roughly $41.1 billion of that reve

Topics: billion company earnings market nvidia

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Nvidia beats on top and bottom lines. Here's why the stock is falling

cnbc.com Kif Leswing 2025-10-23 23:59:02

Nvidia reported better-than-expected earnings and revenue on Wednesday, and said sales growth this quarter will remain above 50%, signaling to Wall Street that demand for artificial intelligence infrastructure shows no sign of fading. The stock, which is up 35% this year after almost tripling in 2024, slipped in extended trading as data center revenue came up short of estimates for the second straight period. Here's how the company did, compared with estimates from analysts polled by LSEG: Ea

Topics: billion nvidia quarter revenue said

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MongoDB stock surges 37% after earnings as company touts customer growth boom

cnbc.com Annie Palmer 2025-10-24 03:00:46

MongoDB shares skyrocketed 37% on Wednesday after the database software company posted better-than-expected fiscal results and gave an upbeat forecast. Here's how the company did in comparison with LSEG consensus: Earnings per share: $1.00 adjusted vs. 66 cents expected $1.00 adjusted vs. 66 cents expected Revenue: $591 million vs. $556 million expected MongoDB's revenue increased 24% from a year ago in the fiscal second quarter that ended July 31. The company had a net loss of $47.04 millio

Topics: company expected million mongodb year

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Nvidia beats on top and bottom lines as data center revenue surges 56%

cnbc.com Kif Leswing 2025-10-24 03:56:49

Nvidia reported better-than-expected earnings and revenue on Wednesday, and said sales growth this quarter will remain above 50%, signaling to Wall Street that demand for artificial intelligence infrastructure shows no sign of fading. The stock slipped in extended trading as data center revenue came up short of estimates for the second quarter in a row. Here's how the company did, compared with estimates from analysts polled by LSEG: Earnings per share : $1.05 adjusted vs. $1.01 estimated :

Topics: billion nvidia quarter said sales

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Nvidia Shares Skid As Data Center Q2 Revenue Disappoints

gizmodo.com Ece Yildirim 2025-10-24 03:21:24

Nvidia reported mixed second quarter earnings on Wednesday afternoon, meeting some market expectations but missing others. The company posted revenue of $46.74 billion, up 56% from a year ago. The number is higher than the $45 billion Nvidia shared in earnings guidance last quarter, and is just barely above the projected market consensus of $46.23 billion, according to Bloomberg. Adjusted earnings per share came in at $1.05, above the average market estimate of $1.01. Roughly $41.1 billion of

Topics: billion company earnings market nvidia

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Here are the 33 US AI startups that have raised $100M or more in 2025

techcrunch.com Rebecca Szkutak 2025-10-24 15:01:57

Last year was monumental for the AI industry in the U.S. and beyond. There were 49 startups that raised funding rounds worth $100 million or more in 2024, per our count at TechCrunch; three companies raised more than one “mega-round,” and seven companies raised rounds that were $1 billion in size or larger. How will 2025 compare? With only a few weeks left in the third quarter, it looks like 2024’s momentum will continue this year. There have already been multiple billion-dollar rounds this ye

Topics: ai led million round series

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Saudi AI firm Humain is pouring billions into data. Will it pay off?

cnbc.com Natasha Turak 2025-10-24 19:46:30

Tareq Amin, CEO of Humain, and Jensen Huang, CEO of NVIDIA, attend the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia May 13, 2025. Hamad I Mohammed | Reuters Saudi Arabia is looking to make data its new oil — if artificial intelligence and data center company Humain gets its way. The company, owned by the Saudi kingdom's massive sovereign wealth fund, the Public Investment Fund, is looking to build out data center capacity in a country with seemingly unlimited land and abundant energy re

Topics: ai arabia billion data saudi

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Chris Roberts hopes Squadron 42 will be “almost as big” as GTA VI next year

arstechnica.com Unknown 2025-10-24 19:05:00

The single-player Star Citizen spin-off Squadron 42 is slated to finally be in players' hands in 2026, 11 full years after its initial 2015 release target. And after all that time, Cloud Imperium Games CEO Chris Roberts says he's hopeful that the title will be received similarly to another 2026 release that happens to be possibly the most anticipated video game of all time: Grand Theft Auto VI. A recent report from France's La Presse (translated) suggests that Squadron 42's launch is being time

Topics: auto grand million theft vi

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Unlocking enterprise agility in the API economy

technologyreview.com Mit Technology Review Insights 2025-10-25 03:00:00

From CapEx to OpEx: The new connectivity mindset Another, practical concern is also driving this shift: the need for IT models that align cost with usage. Rising uncertainty about inflation, consumer spending, business investment, and global supply chains are just a few of the economic factors weighing on company decision-making. And chief information officers (CIOs) are scrutinizing capital-expenditure-heavy infrastructure more closely and increasingly adopting operating-expenses-based subscri

Topics: api billion global innovation network

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MongoDB stock surges 30% after earnings as company touts customer growth boom

cnbc.com Annie Palmer 2025-10-25 07:44:27

MongoDB shares skyrocketed more than 30% on Wednesday after the database software company posted better-than-expected fiscal results and gave an upbeat forecast. Here's how the company did in comparison with LSEG consensus: Earnings per share: $1.00 adjusted vs. 66 cents expected $1.00 adjusted vs. 66 cents expected Revenue: $591 million vs. $556 million expected MongoDB's revenue increased 24% from a year ago in the fiscal second quarter that ended July 31. The company had a net loss of $47

Topics: company expected million mongodb year

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Assort Health nabs $50M to automate patient phone calls, sources say

techcrunch.com Marina Temkin 2025-10-25 15:08:13

Assort Health, a startup that uses AI to automate patient communication for specialty healthcare practices, has raised about $50 million in a Series B round at a valuation of $750 million, according to three sources familiar with the deal. The latest round, which comes just four months after the company raised its $22 million Series A, was led by Lightspeed Venture Partners, these people said. The company’s AI voice agents are designed to take over high-volume, repetitive tasks like scheduling,

Topics: ai assort disrupt health million

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Okta raises forecast as CEO says economic conditions were ‘better than we thought’

cnbc.com Jordan Novet 2025-10-26 06:18:24

Okta shares rose 4% in extended trading on Tuesday after the identity software maker reported fiscal results that exceeded Wall Street projections. Here's how the company did in comparison with LSEG consensus: Earnings per share: 91 cents adjusted vs. 84 cents expected 91 cents adjusted vs. 84 cents expected Revenue: $728 million vs. $711.8 million expected Okta's revenue grew about 13% year over year in the fiscal second quarter, which ended on July 31, according to a statement. Net income

Topics: adjusted cents million okta quarter

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Tesla could have avoided that $242.5M Autopilot verdict, filings show

techcrunch.com Kirsten Korosec 2025-10-28 02:32:47

Months before a jury awarded a $242.5 million verdict against Tesla over its culpability in a 2019 fatal crash, the automaker had a chance to settle for $60 million. Instead, Tesla rejected that offer, according to new legal filings that were first reported by Reuters. The settlement proposal, which was made in May, was disclosed in a filing that requested Tesla cover legal fees for the plaintiffs in the case. Earlier this month, a jury in federal court in Miami found Tesla partly to blame f

Topics: case jury million tesla verdict

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TechCrunch Mobility: Waymo’s Big Apple score and Nvidia backs Nuro

techcrunch.com Kirsten Korosec 2025-10-30 00:05:00

Hey, all, and happy Friday! Welcome back to TechCrunch Mobility, your hub for news, analysis, and scoops around the future of transportation. To get this in your inbox, sign up here for free — just click TechCrunch Mobility! I was sad to have missed the Monterey Car Week this year, especially because there were a number of reveals I was interested in, including the all-electric Cadillac Opulent Velocity; the Chevrolet Corvette CX and CX.R Vision Gran Turismo concepts; and Lucid Gravity X reveal

Topics: company disrupt million startup techcrunch

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South Korean Man Arrested in $50 Million Crypto Scam

gizmodo.com Ece Yildirim 2025-10-30 01:48:32

A South Korean man was arrested in Bangkok, Thailand on Saturday, accused of laundering over $50 million worth of cryptocurrency into physical gold bars in the span of just three months. The man, identified by Thai authorities only as “Han,” was allegedly a key figure in a call-center fraud network that lured victims in with promises of 30-50% returns on investment. Authorities say the victims were paid off initially in small amounts to build trust before they started facing withdrawal limits l

Topics: crypto han million scams thai

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The Trump administration’s big Intel investment comes from already awarded grants

techcrunch.com Anthony Ha 2025-10-29 23:07:30

Intel officially announced an agreement with President Donald Trump’s administration on Friday afternoon, following Trump’s statement that the government would be taking a 10% stake in the struggling chipmaker. While Intel says the government is making an “$8.9 billion investment in Intel common stock,” the administration does not appear to be committing new funds. Instead, it’s simply making good on what Intel described as “grants previously awarded, but not yet paid, to Intel.” Specifically,

Topics: administration billion chips disrupt intel

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The US government is taking an $8.9 billion stake in Intel

engadget.com Unknown 2025-10-30 06:26:45

President Donald Trump says the US government is taking a 10 percent stake in chip maker Intel. Trump shared the news during a press conference on Friday, though an official announcement is still forthcoming, Reuters reports. News of a plan to convert Intel's previously promised CHIPS Act funding into equity in the company was first reported earlier in August. A meeting between Intel CEO Lip-Bu Tan and Trump following the President's call for Tan to resign seems to be the source of the deal. "H

Topics: billion chips government intel investment

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Latest Tech News

There's a Stunning Financial Problem With AI Data Centers

Nvidia earnings takeaways: A 'full steam' AI spend, but China uncertainty remains

Figma-Killer Framer Valued at $2B in New Funding Round as No-Code Heats Up

The ‘Twilight’ Movies Are Coming Back to Cinemas, Right in Time for Halloween

Figma-Killer Framer Valued at $2B in New Funding Round As No-Code Heats Up

No-code website builder Framer reaches $2B valuation

Nvidia's Huang touts 'full steam' AI spend while China uncertainty remains

Are OpenAI and Anthropic Losing Money on Inference?

Investors are loving Lovable

Nvidia beats on top and bottom lines as company expects breakneck AI spend to continue

Open Source is one person

More than 10 European startups became unicorns this year

With India’s corporate banking lagging decades behind consumer fintech, TransBnk raises $25M to bridge the gap

AI Bubble Watch: Nvidia Shares Skid on Middling Q2 Results

Nvidia beats on top and bottom lines. Here's why the stock is falling

MongoDB stock surges 37% after earnings as company touts customer growth boom

Nvidia beats on top and bottom lines as data center revenue surges 56%

Nvidia Shares Skid As Data Center Q2 Revenue Disappoints

Here are the 33 US AI startups that have raised $100M or more in 2025

Saudi AI firm Humain is pouring billions into data. Will it pay off?

Chris Roberts hopes Squadron 42 will be “almost as big” as GTA VI next year

Unlocking enterprise agility in the API economy

MongoDB stock surges 30% after earnings as company touts customer growth boom

Assort Health nabs $50M to automate patient phone calls, sources say

Okta raises forecast as CEO says economic conditions were ‘better than we thought’

Tesla could have avoided that $242.5M Autopilot verdict, filings show

TechCrunch Mobility: Waymo’s Big Apple score and Nvidia backs Nuro

South Korean Man Arrested in $50 Million Crypto Scam

The Trump administration’s big Intel investment comes from already awarded grants

The US government is taking an $8.9 billion stake in Intel

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