IREN signed a $1.6 billion purchase agreement with Dell for air-cooled Blackwell systems to support its AI cloud contract and boost annualized run-rate revenue from $3.7 billion to $4.4 billion. The deal sent shares up 4% in pre-market trading and underscores rising demand for AI infrastructure among hyperscalers, enterprises and developers.
Securing capacity and accelerating commissioning are our top priorities in a market where time-to-compute is everything
Our relationship with Dell ensures access to hardware at the scale and speed the market demands
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AP says another wipeout for AI data-center stocks more than erased Wednesday's gains, which were Wall Street's best in three months. The S&P 500 closed down 4.4%, the Dow 1,833 points (3.4%), and the Nasdaq 5.5%. Nvidia fell about 9.2%, AMD about 17%, and CoreWeave about 9.8%. Democratic midterm wins raised the possibility of data-center construction pauses — a fear, not an enacted moratorium. AP called it the S&P's worst drop since the April 2025 Liberation Day tariffs.
fal raised $1.3 billion in a Series F at a $16 billion valuation, led by Bessemer Venture Partners with Nvidia, Sound Ventures, HOF Capital and T. Rowe Price participating, Bloomberg and TechCrunch reported. Bessemer's Talia Goldberg joins fal's board.
Google says it is launching a Knowledge Work layout in Antigravity for research, documents, and other non-code work, on the same agent as the coding interface.
Adobe and Disney announced a multi-year alliance on November 9, including custom generative models in Adobe Firefly Foundry trained on Disney properties.
Nvidia's board says it is opening an independent investigation after reports that CEO Jensen Huang was the target of a foreign intelligence effort. It says it has no reason to believe secrets were compromised, and Huang has said he will cooperate.
