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AI Infrastructure
Iren closed a $363 million financing deal secured by its GPU hardware. The loan group includes Eldridge Capital and Silver Point, providing liquidity for further expansion.
Part of a series: AI infrastructure buildout accelerates with new deals and hardware
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AI Infrastructure
The automaker and private equity firm are reportedly discussing a wider collaboration. They cite Helix Digital Infrastructure, backed by Nvidia and Vistra, to fund new AI systems.
AI Infrastructure
Oracle and Cerebras Systems have agreed to integrate Cerebras' wafer-scale inference technology into Oracle Cloud Infrastructure. The service is scheduled to become available in 2027, though specific financial terms were not disclosed.
AI Infrastructure
Bank of America, Morgan Stanley, Blackstone, and Citi have announced a $63 billion financial structure to support broadband capacity and AI compute capabilities in partnership with Broadcom.
Amazon
Amazon is eliminating up to 250 positions in its devices and services unit to boost efficiency. This follows the removal of about 1,000 retail jobs earlier this month, ahead of the company's Q3 earnings release.
Robinhood
Bernstein reiterated its Outperform rating on Robinhood, setting a $160 price target that implies roughly 69 percent upside. Analyst Gautam Chhugani cited growth in prediction markets and crypto infrastructure as key drivers for the next 12 to 18 months.
Musk Acquisition
Paradigm analysts view Viacom as having high potential for acquisition by Elon Musk, citing ongoing spectrum speculation.
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