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Iran War Imperils $300 Billion in Gulf AI Spending

Iran War Imperils $300 Billion in Gulf AI Spending

The war in Iran is complicating plans by Gulf nations to spend more than $300 billion on data centers, chips and other AI investments, crimping a potential source of funding for power-hungry tech companies. Countries such as the UAE and Saudi Arabia have become big destinations for data centers. Local firms are developing the projects, along with U.S. companies such as xAI, OpenAI, Microsoft, Amazon, Oracle and Google, which are drawn to the region for its cheap energy.

U.S. Draft Rules that Require Permits for All AI Chip Exports

Under the proposed rule, countries that want access to the world’s most powerful AI chips would have to invest in America in return.

Kalshi Sued Over Prediction Market Connected to Iran War

A class-action suit claims Kalshi failed to properly pay out to users who bet over the exit of the country’s supreme leader.

OpenAI Robotics Head Quits Over Defense Dept. Deal

Caitlin Kalinowski said the terms of OpenAI’s agreement with the military “deserved more deliberation.”

Alphabet Grants Sundar Pichai Stock Awards Worth Up to $686 Million

The latest grants include stock units in Alphabet's Waymo and drone delivery business Wing, a sign Alphabet is considering spinning both off eventually.

SoftBank Seeks $40 Billion Loan for OpenAI Investment

SoftBank said last month it planned to initially fund its new $30 billion investment in OpenAI through bridge loans and “other financing arrangements."

OpenAI Will Not Expand Abilene Data Center, Nvidia Tries to Recruit Meta to Site

Oracle has leased eight buildings in Abilene for OpenAI, with the capacity to hold around 400,000 Nvidia Blackwell GPUs when completed.

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Exclusive: Morgan Stanley Hires Senior Citi Tech Banker Niall Cannon

The departure is a loss to Citi’s senior ranks.

Microsoft, Google, Amazon to Keep Selling Anthropic to Customers Other than the Pentagon

The cloud firms said they determined that the Pentagon’s designation doesn't mean it needs to sever all business ties with Anthropic.

Anthropic CEO Apologizes for Internal Memo Lashing Out at Trump

Amodei said he apologized for “the tone of the post,” adding: “It does not reflect my careful or considered views.”

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Consumer Tech Shares Rise Following OpenAI Shopping Shift

OpenAI’s reversal reduces the possibility it will undercut apps like Expedia by letting consumers make purchases directly in ChatGPT.

Oracle Plans Jobs Cuts as Data Center Spending Rises

Oracle also told employees this week that it plans to reconsider whether it needs to fill some open positions in its cloud unit.

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