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Arthur Hayes, co-founder of Maelstrom, said at the Gamma Prime Investing Conference in Singapore that trillions of dollars being poured into AI data centers will result in massive overcapacity. He argues this will lead to a crash followed by a government bailout, similar to past financial crises, which he believes will ultimately push bitcoin and other cryptocurrencies higher.
On CNBC's Mad Money, Jim Cramer said established tech giants like Meta and Microsoft remain among the best ways to invest in AI, citing their management and multiple revenue avenues. He noted his CNBC Investing Club holds both stocks, pointing to Meta's Muse monetization plans and Microsoft's Copilot and Azure growth as reasons for confidence, with Microsoft shares recovering from a 52-week low of $350 to around $529. Cramer also mentioned AMD and Intel as semiconductor plays worth watching.
A selection of ten companies are developing advanced solutions such as mobile flood barriers, solid-state batteries, and nuclear reactors to combat climate change. These firms exemplify key shifts in climate technology, including energy-intensive AI infrastructure. The list aims to highlight the most impactful players tackling urgent environmental issues.
The US Senate voted 57-43 on September 30, falling three votes short of the 60 needed to advance the Ratepayer Protection Act, killing the bill after it had already passed the House. The legislation, introduced by Senator Jon Husted, would have directed state regulators to consider requiring data centers and other large power consumers to cover the infrastructure costs tied to their energy use.
According to the New York Times, Meta has been classifying its massive data center construction projects as experimental 'pilot models' under a decades-old R&D tax credit, allowing it to claim billions in federal tax savings. The company reportedly saved $2 billion in 2024 and nearly $4 billion in its 2025 fiscal year, making it the largest known beneficiary of the credit among public companies, per securities filings cited by the Times.
The New York Times reported that Meta has been securing tax credits and incentives from local governments to help finance construction of its AI-focused data centers. The report characterizes this practice as controversial, noting that taxpayers are effectively subsidizing part of the infrastructure build-out for a highly profitable company.
A gathering billed as a 'pro-data center party,' organized by journalist Jonas Du and nonprofit Young Voices, was held at a Washington, DC bar over the weekend. Protesters interrupted the event multiple times, shouting objections before being escorted out by security amid boos and chants from attendees. Protesters later said they oppose data centers because of rising energy bills tied to the facilities.
Two trailers bearing Nvidia and PlusAI logos were stolen from the autonomous trucking startup's facility, according to Wired. The trailers, which were parked outside and secured only with hand locks, actually contained 20,000 pounds of sand each used for road-testing simulations rather than any AI hardware. The theft was discovered after an acquaintance of a PlusAI executive spotted the trailers near their workplace.
Despite the U.S.-China AI rivalry, some Chinese companies are pursuing business in America's booming AI data center sector. Brightray, an AI infrastructure firm whose sole manufacturer is China's PrefabDC, says U.S. demand outpaces China's, where AI data center numbers trail far behind—449 versus 5,427 in the U.S. as of 2025, per Stanford HAI data. U.S. tech giants are projected to spend roughly $765 billion on AI infrastructure this year, dwarfing China's five-year, $295 billion government commitment to data center buildout.
Crusoe has ended its agreement to buy 29 of Boom Supersonic's 42-megawatt Superpower gas turbines, a deal worth $1.25 billion with deliveries originally set to start in 2027. Boom CEO Blake Scholl confirmed the split on X, saying turbines are no longer part of Crusoe's near-term power plans for sites like its Abilene, Texas campus. Crusoe confirmed to TechCrunch it is no longer working with Boom.
British AI cloud company Nscale announced a $3.36 billion convertible financing round on Friday, led by hedge fund Third Point. Of that, $2.36 billion is available immediately, with another $1 billion coming from Nvidia in mid-November; the notes will convert to equity once Nscale's planned IPO closes.
Oracle issued a force majeure notice to the developer of its Project Jupiter data-center site in New Mexico, according to reporting on the project. The company has also dropped one key development partner amid the buildout, while local residents have pushed back against the project.