2026-02-23
$IREN “The reality is, there is a lot of fake power in the market. There is a lot of what we call ‘paper power.’ People are out there claiming to have gigawatts of capacity, but when you look closely, they don't have the substations, they don't have the physical infrastructure,
The Information
How OpenAI scrambled for compute as Stargate stalled amid clashes with SoftBank; sources say OpenAI building its own data centers is not its near-term priority
When President Donald Trump announced the $500 billion Stargate AI data center project in January 2025, the three companies charged …
2026-01-13
This news comes on the same day Apple conceded it was time to start taking AI seriously and integrate Gemini. Sounds like to me that those who fall behind will be forced to pay a bigger price in the long term. If I were to want to be positioned I'd probably want to be in the crossfire of the resource every single one of these companies need to win, right?
Bloomberg
Meta confirms it is laying off Reality Labs staff and will “reinvest the savings” in wearables; CTO Andrew Bosworth says 1,000+ staff will be notified Tuesday
Meta Platforms Inc. is beginning to cut more than 1,000 jobs from the company's Reality Labs division …
This news comes on the same day Apple conceded it was time to start taking AI seriously and integrate Gemini. Sounds like to me that those who fall behind will be forced to pay a bigger price in the long term. If I were to want to be positioned I'd probably want to be in the crossfire of the resource every single one of these companies need to win, right?
New York Times
Sources: Meta plans to lay off ~10% of its 15,000-employee Reality Labs division, disproportionately affecting those working on VR headsets and Horizon Worlds
The layoffs are set to be announced this week and would affect Meta's work on the metaverse, as the company spends heavily on building artificial intelligence.
This news comes on the same day Apple conceded it was time to start taking AI seriously and integrate Gemini. Sounds like to me that those who fall behind will be forced to pay a bigger price in the long term. If I were to want to be positioned I'd probably want to be in the crossfire of the resource every single one of these companies need to win, right?
Axios
Mark Zuckerberg says Meta is establishing Meta Compute, a top-level initiative to build “tens of gigawatts” of AI infrastructure this decade and hundreds later
initiative is said to consume hundreds of gigawatts over timeJaxon Gaines /Watcher Guru:Meta Stock Dips From $650 After “Meta Compute” RevealSiddharth Jindal /Analytics India Magaz...
2026-01-12
$IREN This news comes on the same day Apple conceded it was time to start taking AI seriously and integrate Gemini. Sounds like to me that those who fall behind will be forced to pay a bigger price in the long term. If I were to want to be positioned I'd probably want to be in
Axios
Mark Zuckerberg says Meta is establishing a new “top-level” initiative called Meta Compute to build “tens of gigawatts” of AI infrastructure during this decade
Sara Fischer /Axios:
$IREN This news comes on the same day Apple conceded it was time to start taking AI seriously and integrate Gemini. Sounds like to me that those who fall behind will be forced to pay a bigger price in the long term. If I were to want to be positioned I'd probably want to be in
Axios
Meta appoints Dina Powell McCormick, a prominent banking executive and former Republican official, as president and vice chair, reporting to Mark Zuckerberg
Dina Powell McCormick, a prominent banking executive and former Republican official, is joining Meta full-time as president and vice chairman …