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Netflix has shifted to an all-cash offer for Warner Bros Discovery’s studio and streaming assets, seeking to block rival bids from Paramount and strengthen its position in a heated consolidation battle. The revised bid values Warner Bros at $82.7 billion, or $27.75 per share, replacing an earlier cash-and-stock proposal. The move has unanimous backing from […]
OpenAI has announced a new Stargate Community plan designed to ensure its expanding data center operations do not push up electricity costs for local communities. The initiative aims to make OpenAI’s large-scale AI infrastructure “pay its way on energy” as demand for computing power accelerates. Stargate is a $500 billion, multi-year effort to build advanced […]
U.S. IT hardware stocks fell sharply after Morgan Stanley downgraded the sector, warning that corporate demand is weakening as companies rein in spending amid economic uncertainty and rising component costs. The brokerage cut its industry outlook to “cautious,” citing a “perfect storm” of slowing demand, input cost inflation, and elevated valuations. Analysts said technology leaders […]