OpenAI closes $11 billion funding round
News reports indicated that OpenAI has closed an initial tranche of approximately $11 billion in its latest funding round at an implied company valuation of $1.25 trillion. This initial close represents a tangible development beyond previous investment commitments, although the full list of investors and details on voting rights and capital distribution for infrastructure projects have not been disclosed.
Computing investments strongly drive U.S. economic growth
The U.S. Bureau of Economic Analysis released its initial estimate showing real gross domestic product grew at an annual rate of 3.4% in the third quarter of 2026, compared to 2.2% in the previous quarter. The report identified increased corporate investment in equipment, particularly artificial intelligence-linked information processing equipment, as a primary driver of this economic expansion.
Qatar competes in the artificial intelligence race with energy
Qatar seeks to leverage its abundant, low-cost energy and sovereign wealth to catch up in the regional artificial intelligence race, launching the ambitious “Qai” data center project despite infrastructure and data regulation challenges.
IBM CEO questions the feasibility of spending trillions on data centers
Arvind Krishna, CEO of IBM, has expressed deep skepticism about achieving profitable returns from massive spending on artificial intelligence data centers, citing exorbitant infrastructure costs and the rapid depreciation of chips.
AI devours venture capital: 5 companies capture one-third of US investments
Artificial intelligence is devouring venture capital. Or at least its dollars. New data shows that more than half of all global venture capital money in the first half of 2025 went to AI startups, with an unprecedented concentration of capital in just a few giant companies.
Abu Dhabi’s MGX seeks to raise billions for artificial intelligence investment fund
Abu Dhabi-based MGX is studying plans to raise billions of dollars in external capital as it looks to scale up its artificial intelligence investments. The company could raise up to $25 billion, making it among the largest entities of its kind globally.
McDonald’s doubles down on AI investments and bets on India as a global hub
McDonald’s plans to “double” its artificial intelligence investments by 2027, positioning India at the heart of its global strategy as a key hub for data governance, engineering, and platform architecture. This move reveals a major shift in how fast-food giants use technology.
Amazon considers additional multi-billion-dollar investment in AI firm Anthropic
In a move to strengthen its position in the artificial intelligence race, Amazon is considering increasing its investment in OpenAI rival Anthropic after already committing $8 billion.
Mubadala reaffirms its vision: Investing in artificial intelligence and advanced technology
Reaffirming its ambitious strategy, Mubadala, the Abu Dhabi investment arm, has revealed its focus on artificial intelligence and advanced technology to strengthen its position as a leading global investor and build a diversified and sustainable economy for the UAE.
After Zuckerberg’s spend on “dream team”, he must deliver results
Mark Zuckerberg is in the middle of a massive AI spending spree, investing $14.3 billion in Scale AI and planning expensive hires in an effort to position Meta at the forefront of the artificial intelligence race.