Browsing: billion

The lawsuit, filed by the state of New Mexico, started because of the Cambridge Analytica scandal. Credit: Finn Gomez / Staff / News

Amazon is backing a proposed nuclear power development in Indiana designed to supply electricity for its expanding data center operations and the regional grid.

If you thought Meta’s self-inflicted blows from the Cambridge Analytica data harvesting scandal were over, think again. On Wednesday, a New Mexico judge ordered the company to pay the state $25 billion in penalties, having found that the company made misleading statements about the privacy of consumers in the state. “It has been a long…

The US Army has awarded contracts worth $4.15 billion to 10 companies developing technologies against cheap drones threatening military installations and critical infrastructure across the country.

Anduril has secured a US Navy agreement worth as much as $2.9 billion, linking the defense technology company to submarine manufacturing.

CEO of Amazon Web Services Matt Garman has released a statement in defense of AI data centers that labels the technology as “The race our nation can’t afford to lose”.

Schneider Electric’s $22.6 billion purchase of PTC gives the company an energy, industrial AI and intelligence stack that will expand its use cases into energy storage, automation, industrial AI and data centers.

The state’s attorney says the penalties should be significant enough to impact the company.

The US Department of Energy’s Office of Electricity said on September 24 that it intends to help fund 31 transmission projects under its Speed to Power through Accelerated Reconductoring and other Key Advanced Transmission Technology Upgrades initiative, a mouthful that it has somewhat mercifully shortened to SPARK.

Anthropic’s draft IPO prospectus has now started circulating in the media (after its confidential June SEC filing) and revealed some significant risks, Reuters reported. The first of those is fiscal, as the company reported an operating loss of $8 billion last year (on a $42 billion net loss), despite a 12-fold revenue increase from the year…