Fidji Simo is joining Nscale’s board just two months after leaving her full-time OpenAI role because of health concerns. The timing raises an obvious question, but Nscale itself may be the bigger story.
Big Tech is expected to spend nearly $700 billion in 2026 as the AI infrastructure boom accelerates. HTX Research says AI technology may still be early, but spending and valuations are already showing warning signs.
OpenAI says its enormous spending on data centers, GPUs, and infrastructure will eventually make artificial intelligence cheaper and more widely available. For now, abundant intelligence sounds like expensive branding for a very large gamble.
OpenAI has unveiled Jalapeño, its first custom AI chip developed with Broadcom, signaling a push toward greater control over the hardware powering ChatGPT and future AI services.
KKR is making a massive bet on the future of artificial intelligence. The investment giant has launched Helix Digital Infrastructure with more than $10 billion in committed capital, backed by NVIDIA, Vistra, and the Kuwait Investment Authority. Led by former AWS CEO Adam Selipsky, the new company aims to build the data centers, power infrastructure, and connectivity needed to fuel the next phase of AI expansion.