Business & Industry
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US and Japan Forge Critical Minerals Alliance With Price Floors to Counter China's Rare Earth Dominance
The US and Japan enacted a critical minerals action plan on March 19 featuring price floors and four joint projects as neodymium prices doubled year-to-date and a $12 billion US strategic stockpile takes shape.
Bluesky CEO Jay Graber Steps Down as Decentralized Social Network Discloses $100 Million Series B
Founder Jay Graber becomes chief innovation officer as Bluesky discloses a $100M Series B led by Bain Capital Crypto, but daily active users have fallen 40 percent year-over-year.
Google Closes $32 Billion Wiz Acquisition, Its Largest Deal Ever, as Cloud Security Consolidation Accelerates
Google completed its all-cash acquisition of cloud security firm Wiz on March 11, clearing regulatory reviews in seven jurisdictions and reshaping the competitive landscape for independent cybersecurity vendors.
Meta Signs Multibillion-Dollar Deal to Lease Google TPUs as Big Tech Races to Diversify Beyond Nvidia
Meta has signed a multibillion-dollar deal to lease Google Ironwood TPUs as it diversifies its AI chip procurement beyond Nvidia, while Google targets 10 percent of Nvidia's data center revenue.
XBOW Reaches Unicorn Status With $120 Million Series C to Scale Autonomous Offensive Security Platform
Seattle-based XBOW raised $120 million in Series C funding led by DFJ Growth and Northzone, crossing the $1 billion valuation mark as it scales an AI platform that autonomously discovers and validates software vulnerabilities.
Adobe CEO Shantanu Narayen to Step Down After 18 Years as AI Pressure and Stock Decline Reshape the Creative Software Giant
Narayen will remain as board chair while Adobe searches for a successor amid a stock slide from $688 to under $250 and mounting AI competition.
Oracle Shatters Growth Records as AI Infrastructure Revenue Surges 243 Percent and Cloud Backlog Hits 553 Billion Dollars
Oracle's Q3 FY2026 earnings reveal its fastest organic revenue growth since 2009, driven by explosive AI infrastructure demand, a 531 percent jump in multicloud database revenue, and a remaining performance obligations backlog that has tripled year over year.
Nscale Raises $2 Billion in Largest European Series C as Nvidia, Citadel and Jane Street Back AI Infrastructure Expansion
UK-based AI infrastructure hyperscaler Nscale closes a $2 billion Series C at $14.6 billion valuation, adding Sheryl Sandberg and Nick Clegg to its board.
Hardware Testing Startup Nominal Hits Unicorn Status with $155 Million in Ten Months, Backed by Founders Fund and Sequoia
Nominal, an Austin-based hardware data platform, reached a $1 billion valuation after raising an $80 million Series B extension led by Founders Fund, bringing total funding to $155 million in under ten months.
OpenAI Raises $110 Billion in Largest Private Funding Round in History, Valued at $840 Billion as Amazon Becomes Its Second Cloud Partner
Amazon, Nvidia, and SoftBank pour $110 billion into OpenAI at a $730 billion pre-money valuation, reshaping the AI capital landscape and ending Microsoft's exclusive cloud partnership.
Block Cuts 40 Percent of Its Workforce, Citing AI Tools as Jack Dorsey Predicts Industry-Wide Wave
Jack Dorsey's payments company eliminated 4,000 jobs—nearly half its staff—attributing the cuts directly to AI productivity gains and predicting most companies will follow within a year.
Meta Breaks Ground on $10 Billion Indiana Data Center as Big Tech AI Spending Nears $650 Billion
Meta begins construction on a 1-gigawatt data center campus in Lebanon, Indiana, part of a broader AI infrastructure arms race that will see the four largest tech companies spend upwards of $650 billion in 2026.