Breaking News: Technology
- Data center REIT CEO says real estate ‘not in an oversupply state’ - Andy Power, CEO of Digital Realty says data center real estate is not oversupplied as hyperscalers like Nvidia, Amazon, Google and Meta announce more projects.
- SK Hynix to invest $13 billion in new plant amid memory chip shortage - South Korea's SK Hynix will invest 19 trillion Korean won into a new advanced packaging plant, as the company attempts to meet growing memory demands.
- Trump says Microsoft will make changes to ensure consumers don't pay for power used in AI buildout - President Trump said in a social media post that Microsoft will "make major changes beginning this week" to make sure Americans don't see rising energy costs.
- Apple picks Google's Gemini to run AI-powered Siri coming this year - Google's market value surpassed Apple for the first time since 2019 as it rolls out updated artificial intelligence features.
- Meta names former Trump advisor Dina Powell McCormick as president, vice chair - Powell McCormick will serve as a member of Meta's management team and will help guide its strategy and execution, the company said.
- AI memory is sold out, causing an unprecedented surge in prices - Three primary memory vendors — Micron, SK Hynix and Samsung Electronics — make up nearly the entire RAM market, and they're benefitting from this shortage.
- Amazon plans first big-box retail store in Chicago suburb - Amazon has submitted plans for a large-format store near Chicago that would be larger than a Walmart Supercenter.
- OpenAI and SoftBank announce $1 billion investment in SB Energy as part of massive AI buildout - OpenAI and SoftBank agreed to invest $1 billion into a SoftBank-backed energy provider as the companies prepare for a massive buildout of AI data centers.
- Meta signs nuclear energy deals to power Prometheus AI supercluster - Meta said it secured agreements with energy companies Vistra, TerraPower and Oklo, which are all working on nuclear power technologies.
- Intel stock rises after Trump touts 'very successful' CEO, applauds government's investment - In a post on Truth Social, President Trump said he just met with Intel CEO Lip-Bu Tan, and applauded the company for launching a processor in the U.S.