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Artificial Intelligence

Artificial Intelligence
Anthropic commits US$50bn to build US data centres
Anthropic will invest US$50 billion (A$76.4 billion) into building data centres in the United States, as it seeks to scale up its research and development. The first data centres will be built in Texas and New York, in partnership with artificial intelligence infrastructure operator Fluidstack. These sites will begin opening in 2026, Anthropic said. “We’re getting closer to AI that can accelerate scientific discovery and help solve complex problems in ways that weren’t possible before. Realising that potential requires infrastructure that can support continued development at the frontier,” said Anthropic CEO Dario Amodei. “These sites will help us build more capable AI systems that can drive those breakthroughs, while creating American jobs.” The data centres will create around 800 permanent jobs and 2,400 construction jobs, according to Anthropic. The infrastructure will be custom-built for Anthropic to run AI tools like its Claude assistant. Claude was integrated into Microsoft’s 365 services last month. The company also said it would expand Claude’s agentic skills, improving its performance on autonomous computing tasks, and launched its cheaper Haiku 4.5 model. Anthropic expects to break even for the first
Artificial Intelligence
Foxconn bullish about full year after setting records
Foxconn has made an optimistic assessment of the full year after reporting a 17% increase in net profit to NT$57.7 billion (US$1.9 billion) for the third quarter of the 2025 financial year. The contract electronics manufacturer, whose formal name is Hon Hai Precision Industry Co, said gross profit rose 14% to NT$130.8 billion and operating profit surged 29% to NT$70.5 billion on revenue, which gained 11% to NT$2.06 trillion “Revenue and profit – on a gross, operating and net basis – for the third quarter and the first three quarters of this year all reached record highs for their same periods,” the company said in a press release. Foxconn said that artificial intelligence (AI) and smart consumer electronics were expected to show significant growth momentum in the fourth quarter. Chairman Young Liu said he still expected significant growth for the full year, except for smart consumer electronics products, whose full year outlook had been upgraded to flat from a slight decline. Among the four major product categories, cloud and networking products remained the main growth driver this year. “Looking ahead to the final quarter of 2025, significant growth is seen on-quarter and on-year. The company maintained its sign
Artificial Intelligence
Nebius revenues climb after securing Meta deal
Artificial Intelligence cloud firm Nebius saw sales surge by over 300% during the quarter, while also signing a multi-billion-dollar deal with Meta. The company announced that it had signed an agreement to deliver AI infrastructure to Meta over the next five years, which was valued at around US$3 billion (A$4.6 billion). “Over the next three months, we plan to deploy the capacity needed to service the agreement,” Nebius co-founder and CEO Arkady Volozh said. “In fact, demand for this capacity was overwhelming, and the size of the contract was limited to the amount of capacity that we had available.” At the same time, Nebiu revealed that its revenue rose 355% year-over-year during its third quarter to $146 million. It forecasts that its annual run-rate revenue will reach $7 billion to $9 billion by the end of 2026. Despite this, the company is still at a net loss of $119.6 million, rising 174% from a net loss of $42.6 million a year ago. Still, shares for Nebius climbed 300% this year as its strength as a leading neocloud provider garnered attention. Volozh said to support “aggressive growth” plans for 2026 and into the future, the company would “utilise at least three sources of financing: corporate debt, a
Artificial Intelligence
OpenAI investment drives SoftBank Q2 profit higher
SoftBank Group Corp more than doubled its second-quarter (Q2) net profit to 2.5 trillion yen (US$16.6 billion) as the value of its investment in OpenAI surged and it announced a share split. That compares with a net profit of 1.18 trillion yen for the same period of the previous year for the Japanese technology investment company. SoftBank's Vision Fund unit posted an investment gain of 3.5 trillion yen, primarily from the group's holding in OpenAI, the developer of the ChatGPT large language model, which totalled 2.16 trillion yen for the quarter. SoftBank's total investment in OpenAI is expected to reach $34.7 billion by the end of December this year, according to a Reuters story. The company said, as its share price had almost quadrupled in just over six months, it had decided to implement a share split to make its shares more accessible to investors and expand its investor base. It will issue three shares for every existing share, increasing the number of shares on issue from 1.427 billion to 4.283 billion. “Going forward, SBG will continue to carefully assess the need for further reductions in the investment unit, taking into account factors such as share price, trading volume, number of shareholders, and sh
Artificial Intelligence
SoftBank cashes in its Nvidia chips
SoftBank Group Corp has sold its stake in Nvidia, raising fears that valuations of companies at the centre of the artificial intelligence (AI) boom may have peaked. The Japanese technology investment company said it had divested all 32.1 million Nvidia shares it held in October for US$5.8 billion (A$8.9 billion). The stake represented 0.13% of the computer chip manufacturer, which is the world’s most valuable company. The details were contained in an investor briefing document released at the same time as Softbank's second-quarter results. The funds raised are earmarked for AI investments like the $500 billion Stargate project to expand U.S. data-centre capacity and up to $40 billion of funding for OpenAI. Analysts said the sale indicated Softbank founder Masayoshi Son expected a pullback in the price of Nvidia, whose valuation has soared more than 1,200% surge over the last three years and at one point exceeded $5 trillion. The sale comes after warnings from Wall Street banks about stock valuations, with the Morgan Stanley and Goldman Sachs CEOs concerned equities face a potential ‘drawdown’ and as short seller Michael Burry bets against Nvidia and other AI companies. But Softbank Chief Financial Officer Yosh

Technology

Artificial Intelligence

Anthropic commits US$50bn to build US data centres

Foxconn bullish about full year after setting records

Nebius revenues climb after securing Meta deal

OpenAI investment drives SoftBank Q2 profit higher

SoftBank cashes in its Nvidia chips

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