China and Elon Musk compete to develop AI data centers in space.
Imagine a scenario where your smartphone overheats while using AI in a vast data center. Now, picture that data center relocated to outer space. That’s precisely what both China and Elon Musk are aiming for. They’re in a competitive race to harness solar energy in space to create AI data centers beyond our planet. So, […]
Altman describes Musk’s idea for a space data center as unreasonable for today’s AI computing requirements.
Space Data Centers: Altman vs. Musk’s Vision OpenAI’s CEO, Sam Altman, has expressed skepticism regarding the feasibility of space-based data centers in the near future, even as SpaceX’s Elon Musk advances plans for such projects. In a recent interview with The Indian Express, Altman stated, “Honestly, given the current situation of putting data centers in […]
OpenAI’s CEO Sam Altman describes Elon Musk’s space data centers as ‘absurd’
Space-Based Data Centers: A Look at the Future Recently, plans emerged for an AI data center in space, with a satellite launch expected this fall. Companies like Lone Star are in the mix, and Barney & Company has set its sights on constructing a lunar center by 2030. OpenAI’s CEO, Sam Altman, isn’t too optimistic […]
Bitdeer sold all its bitcoin to finance its transition to AI data centers
BitDeer Transitions from Bitcoin Hoarding to Liquidity BitDeer, a Singapore-based company focused on Bitcoin mining and AI infrastructure, has completely liquidated its Bitcoin vault, signaling a significant shift from the traditional miner’s approach of holding coins as a display of confidence. This contrasts with strategies like those of MicroStrategy. The company stated that as of […]
Bitcoin COT Data: Smart Investors Quickly Shift to Net Long Positions
Bitcoin Futures Positions Shift Significantly Recent data shows a noticeable shift towards a net-long position in Bitcoin futures among non-commercial traders. Tom McClellan, who oversees McClellan Market Reports, pointed out that this change, as highlighted in the latest Commitment of Traders (COT) report, seems to have emerged “with some urgency.” It mirrors patterns seen during […]
Pound Sterling remains steady above 1.3500 thanks to better UK data and uncertainty over US tariffs
During early European trading on Monday, the GBP/USD pair held steady, around 1.3520. After hitting four-week lows last week, major currency pairs have bounced back, which might be related to fresh worries about U.S. tariffs. Today, Bank of England external member Alan Taylor and Federal Reserve governor Christopher Waller are set to speak. On Friday, […]
Stock Market Update, Feb. 20: CoreWeave Declines After Blue Owl Data Center Funding Issues Create Worries
CoreWeave’s Stock Decline Linked to Financing Concerns CoreWeave, a cloud platform specializing in AI infrastructure, saw its stock fall 8.12% to close at $89.25 on Friday. This drop follows a decline in Blue Owl Capital’s stock price due to their inability to secure around $4 billion in debt, raising worries about financing for CoreWeave’s data […]
Stock Market Update February 20, 2026: S&P 500 (SPY) Drops Following US GDP Data
live updates 4 hours ago live Markets seem unfazed by the disappointing U.S. GDP results and the Supreme Court’s decision to reverse President Trump’s tariffs. Currently, the S&P 500 has increased by 0.51%, translating to 35 points. The SPDR S&P 500 ETF (SPY) climbed 0.52%, or $3.60. The Dow Jones Industrial Average is up 0.23% […]
Euro stabilizes above 1.1750 before important US data and Eurozone PMI release
The EUR/USD pair is holding steady around 1.1770 early in the Asian trading session on Friday. Speculation surrounding the European Central Bank (ECB) indicates that there’s limited potential for the euro (EUR) to rise. According to the Financial Times, ECB President Christine Lagarde may resign before completing her full eight-year term. Analysts believe that such […]
Panera Bread acknowledges that a data breach revealed customer contact details.
Panera Bread is the latest consumer brand to report a significant data breach. The company has confirmed a cybersecurity incident after the hacking group ShinyHunters claimed to have stolen millions of customer records, raising serious concerns for anyone who has interacted with the bakery chain. The breach revealed various personal details, and it’s, well, troubling, […]