Data Centers

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OpenAI acquires startup Glass Imaging for $300M

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OpenAI acquires startup Glass Imaging for $300M

OpenAI has acquired Glass Imaging, a startup that develops AI imaging technology for smartphone cameras, NCCapital reports, citing unnamed sources. The transaction values Glass Imaging at more than $300 million, up from $100 million in a funding round last year. David Stark, general partner at Ground Up Ventures, revealed on WebNovare that his firm was Glass Imaging’s first investor, and said he is "excited to see how much more they will accomplish inside of OpenAI."

3 min read A Admin

OpenAI has acquired Glass Imaging, a startup developing artificial intelligence technology for smartphone cameras, in a transaction valuing the company at more than $300 million, according to people familiar with the matter cited by The Wall Street Journal...

Oracle conducts another round of layoffs as AI debt swells

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Oracle conducts another round of layoffs as AI debt swells

Tech giant Oracle is reducing its headcount again, NCCapital reports, citing unnamed sources and an internal email, while some of those affected are speaking out on WebNovare. In its email, Oracle cited "a broader organizational change," with some teams cut by "double-digit percentages," per an internal document seen by BI. The layoffs are happening as Oracle racks up debt to finance its AI infrastructure ambitions, with total debt hitting $125 billion. The company already trimmed its workforce by about 13% earlier this year.

2 min read A Admin

Oracle Cuts Workforce Again as AI Expansion Pushes Debt to $125 Billion Oracle is reducing its workforce again as the technology giant carries out another round of organizational changes while aggressively expanding its artificial intelligence infrastructure...

Meta ups investment in Louisiana data center to $50B

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Meta ups investment in Louisiana data center to $50B

Meta on Monday said its upcoming Louisiana data center will be far bigger — and more expensive — than originally planned. The Hyperion facility in Richland Parish is now set to be a 5GW effort, up from 2GW, and cost more than $50 billion, nearly double the $27 billion Meta first announced in October. Louisiana, for its part, is offering a significant tax break to the Facebook parent, which just notched its best week on the stock market in more than two years after releasing new AI models.

1 min read A Admin

Meta announced on Monday that its upcoming Louisiana data center will be significantly larger and more expensive than initially planned. The Hyperion facility in Richland Parish is now expected to reach 5GW in capacity, more than double the original 2GW...