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Meta is reportedly looking to turn excess AI compute into a new cloud business, while Together AI raised $800 million at an $8.3 billion valuation as funding for AI-native infrastructure stays hot.
Cloudflare is setting default crawler restrictions that push AI companies toward paid publisher access, adding more pressure to the already tense relationship between model labs, content owners, and the open web.
Industrial AI is also getting more active. Schneider Electric agreed to buy Cognite for $3.1 billion in cash, while National Grid took a 35% stake in Joulent for $1.75 billion as data-center demand continues.
SpaceX showed investors an AI device prototype tied to xAI and Starlink ambitions, Palantir is using Nvidia’s Nemotron open models to build secure AI for U.S. government agencies, and Venice AI raised $65 million at a $1 billion valuation as privacy-focused AI demand grows.
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Meta was the clear standout, surging 8.81% on the day, with Palantir also posting a strong gain of 7.77%.
Amazon and Alphabet were the only other green names, rising 1.41% and 1.29%, respectively.
Micron was the biggest decliner, falling 10.57%, followed by SpaceX (-7.80%)
Headlines
Meta shares jump after reports that it plans to sell excess AI compute through a new cloud business. (Business Insider)
Cloudflare sets default crawler restrictions that push AI companies toward paid publisher access. (TechCrunch)
Together AI raises $800 million at an $8.3 billion valuation as AI-native cloud funding remains hot. (Axios)
Schneider Electric agrees to buy industrial AI software maker Cognite for $3.1 billion in cash. (Axios)
Bending Spoons jumps in its Nasdaq debut after a $1.7 billion IPO for its legacy software portfolio. (The Wall Street Journal)
Venice AI raises $65 million at a $1 billion valuation as privacy-focused AI demand grows. (TechCrunch)
SpaceX shows investors an AI device prototype tied to xAI and Starlink ambitions. (The Wall Street Journal)
National Grid buys a 35% Joulent stake for $1.75 billion as data-center demand strains U.S. power supply. (The Wall Street Journal)
Bank of America warns that major AI stocks are driving market concentration as bubble concerns build. (Yahoo Finance)
Palantir uses Nvidia Nemotron open models to build secure AI for U.S. government agencies. (NVIDIA Blog)
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