Daily Fintech News

Cracks appear in Oracle's AI data-center build-out at massive New Mexico project — Daily Fintech News

Friday, September 25, 2026 · 11:20 AM ET

AI Data Centers · WSJ

1.Cracks appear in Oracle's AI data-center build-out at massive New Mexico project

Oracle sent a force majeure notice to the developer of its huge 'Project Jupiter' data center in New Mexico, removed a key development partner and faced local resistance, exposing strains in its aggressive AI-infrastructure expansion.

$ORCL
$ORCL Close$138.09-1.04%
1Y -52.6% Rev QoQ +29.6% EPS QoQ +54.5% 52wk $114.5–$322.54 P/E 21.6 Mkt Cap $417.55B

AI Infrastructure · Bloomberg

2.Musk aims to more than double Colossus 2's Nvidia chips by year-end

Elon Musk said xAI's Colossus 2 AI computing cluster may more than double its current Nvidia chip count by the end of the year, signaling continued heavy demand for Nvidia's data-center GPUs.

$NVDA
$NVDA Close$224.34-0.11%
1Y +26.3% Rev QoQ +105.9% EPS QoQ +127.8% 52wk $164.27–$236.54 P/E 28.4 Mkt Cap $5.42T

AI Infrastructure · Bloomberg

3.Goldman sees hyperscaler AI capex jumping 50% to $1.2 trillion next year

Spending on AI infrastructure by the five largest US hyperscalers is set to increase by more than half next year to about $1.2 trillion, according to Goldman Sachs strategists, underscoring the scale of the ongoing data-center build-out.

Tech · The Information

4.Tesla's Optimus robot hits snags in hands and supply chain as production scales

Tesla has ramped Optimus humanoid-robot output roughly tenfold to several hundred units a week, but is still struggling to manufacture the machines reliably at scale, hampered by the robot's intricate hands, automation equipment and supplier constraints.

$TSLA
$TSLA Close$369.87-2.14%
1Y -12.6% Rev QoQ +25.5% EPS QoQ -3.0% 52wk $297.38–$498.83 P/E 336.2 Mkt Cap $1.46T

AI · Bloomberg

5.AI coding startup Cognition hits $1 billion in annualized revenue

Cognition AI is on track for a $1 billion annualized revenue run rate this month, roughly double its rate four months earlier, driven by demand for its Devin AI coding software. The startup recently raised $2 billion at a $48 billion valuation, up from $26 billion three months prior.

AI Infrastructure · Bloomberg

6.Nscale raises $3.36 billion in pre-IPO round led by Third Point

London-based AI data-center developer Nscale raised $3.36 billion in a pre-IPO convertible note round led by Third Point, with Nvidia, Apollo, Citadel and Abu Dhabi Investment Council among participants. The deal comes a week after Nscale filed for an IPO that could raise as much as $3 billion.

Semiconductors · Bloomberg

7.India seeks comfort on Tata's $14 billion chip plans amid boardroom battle

India's government secured reassurances that Tata Group's $14 billion semiconductor and electronics projects, including a chip fabrication plant in Gujarat, will stay on schedule despite a looming courtroom battle over a leadership dispute at the conglomerate's holding company.

⌂ Home  ·  ← All briefs  ·  RSS feed