Nvidia shares are surging as the company edges close to a $5 trillion market cap. The impressive numbers come amid an AI frenzy and a series of strategic deals, as detailed in the valuation milestone report. In parallel, OpenAI has initiated a major corporate restructuring that not only secured regulatory approval in California but also deepened ties with Microsoft, as explained in the restructuring update.
Meanwhile, a major service disruption hit Microsoft users when Azure and Microsoft 365 experienced widespread outages from DNS issues. The incident, outlined in the outage report, added to the tension following an earlier AWS incident, leaving customers scrambling for access.
Groundbreaking innovation is underway in China with the launch of the world’s first wind-powered underwater data center along the Shanghai coast. This $226 million project, featured in the project overview, aims to reduce energy consumption and propel sustainable data management.
Other notable moves include Italian tech firm Bending Spoons setting its sights on acquiring AOL to revive a digital pioneer (here). Apple is also gearing up for upgrades through OLED transitions of its iPad and MacBook Air lines (more details) while releasing new OS candidates (details). The rebranded Grammarly—now Superhuman—introduces an innovative AI suite (read on), as do updates from YouTube (click here). Funding boosts for Swiss startup Qala (source) and Elon Musk launching Grokipedia (coverage) underscore a dynamic week in tech.