Dina Bass

CoreWeave Revenue Tops Estimates in Sign of Surging AI Demand Shares of CoreWeave Inc. tumbled after the company lowered its annual revenue forecast due to a delay in fulfilling a customer contract, a setback for a company that’s racing to keep up with the artif...

And CoreWeave shares are off after the company said a delay in supplying a customer will push some revenue out of q4: www.bloomberg.com/news/article...

Nebius Sales Soar as Neocloud Provider Inks AI Deal With Meta Nebius Group NV third-quarter sales soared by more than 300% as the Dutch neocloud provider announced an artificial intelligence infrastructure deal with Meta Platforms Inc. and predicted rapid growth...

Nebius says quarterly sales rose 355%, it's signed its second major infra deal -- this one with Meta -- and forecasts it will exit 26 with ARR between $7B and $9B: www.bloomberg.com/news/article...

Cerebras to Help Build Guyana Data Center, Unveils Sovereign AI Push Cerebras Systems Inc. is teaming up with the government of Guyana on a multibillion-dollar deal to build the area’s first data center, part of a push by the AI chip upstart to help countries expand th...

Lots of AI datacenter, neocloud and chip stuff this am: Cerebras signing an MOU with Guyana for a multibillion data center to serve the Caribbean nation and its neighbors + unveils a global sovereign AI program: www.bloomberg.com/news/article...

I really have nothing nice to say about this Liverpool match...and my mother always said if you can't say anything nice...

Also Microsoft is keeping its 20% revenue share, sources tell us, but OpenAI has more time to make payments.

Amazon Makes ‘Significant’ Cuts In Video-Game Division Tech giant will reduce game development work

BREAKING: Amazon is making "significant" cuts to its video-game division, moving away from MMOs like New World, and gutting its Irvine and San Diego development studios www.bloomberg.com/news/article...

Microsoft Pushes Xbox Division to Hit Higher Profit Margins Management’s goal of 30% profit margins for gaming has led to job losses, canceled projects

Fans have spent the last two years wondering why Xbox is closing studios, canceling games, raising prices, cutting jobs, and releasing its games on rival PlayStation and Nintendo platforms.

This ambitious 30% profit margin target helps explain many of those moves. www.bloomberg.com/news/article...

Microsoft Pushes Xbox Division to Hit Higher Profit Margins Management’s goal of 30% profit margins for gaming has led to job losses, canceled projects

SCOOP: For the last two years, Microsoft has pushed Xbox to hit profit margins of 30%, an ambitious target that's far higher than the industry average.

This chase for profit has led Xbox to raise prices, cut thousands of jobs, and rethink everything.

Story: www.bloomberg.com/news/article...

I for one can't wait for next week when we nail Mo and Cody to the touchline again, ask our fullbacks to underlap constantly, and nobody knows what anybody else is doing while our press looks like steaming dogshit but individually we create enough xG to say maybe on another day...

Well that was not an enjoyable match at all. Slot’s got a lot to work out here.

Globally, data centers are expected to consume more than 4% of electricity by 2035 - if they were a country they’d rank 4th in power use
www.bloomberg.com/graphics/202... via @bloomberg.com
By Josh Saul, Leonardo Nicoletti, Demetrios Pogkas, @dinabass.bsky.social @naurtorious.bsky.social

AI Data Centers Are Sending Power Bills Soaring Wholesale electricity costs as much as 267% more than it did five years ago in areas near data centers. That’s being passed on to customers.

Electricity now costs 267% more (!!) for 1 month vs. what it cost 5 years ago near data center hotspots. Awesome reporting from Josh Saul @dinabass.bsky.social Leonardo Nicoletti @naurtorious.bsky.social Demetrios Pogkas (gift link) www.bloomberg.com/graphics/202...

Invisible Technologies, a Scale AI rival that helped train ChatGPT, raised $100M, sources say at a $2B+ valuation, and reports $134M in 2024 sales (Dina Bass/Bloomberg)

Main Link | Techmeme Permalink

OD, the collaboration between Xbox and Hideo Kojima, is still in development, a Microsoft spokesperson tells me.

BREAKING: Xbox is canceling Contraband, announced in 2021 from Avalanche Studios (Just Cause), after four years of radio silence, sources tell Bloomberg News. This news arrives weeks after a mass layoff in which Xbox canceled several other big titles.

(the Ballmer story is linked in Matt and Brody's piece but it basically came about when Steve plunked himself next to me at a shareholder meeting to offer sweary color-commentary on CFO Amy Hood's presentation because he wasn't a fan of commercial cloud run-rate as a metric).

Microsoft Gives Azure Cloud Sales for First Time at $75 Billion Microsoft Corp. said its Azure cloud-computing unit generated more than $75 billion during the 2025 fiscal year, the first time the company has put a dollar figure on a critical business it has spent ...

Microsoft finally reported an Azure revenue number, after years of various less-than-specific ways of describing cloud sales that elicited complaints from analysts, investors, reporters &even a post-MSFT Steve Ballmer bloomberg.com/news/article... by @mattmday.bsky.social @brodyford.bsky.social

Many of Xbox's subsidiaries are getting hit by the layoffs this morning, including Call of Duty studios such as Raven. Big cuts at Forza Motorsport developer Turn 10 - nearly 50% of staff, per source.

BREAKING: The new MMORPG project from Zenimax Online Studios, maker of Elder Scrolls Online, has been canceled as part of the Xbox layoffs, sources tell Bloomberg News. The project, code-named Blackbird, had been in development since 2018. Still more news to come this morning.

Google Is Betting on a Fusion Future in Power Deal With Commonwealth Google will also invest again in Commonwealth, which expects its first commercial plant will generate power in the early 2030s

Google has signed the first commercial deal with nuclear fusion startup Commonwealth Fusion Systems and will make a second investment in CFS (both of undisclosed size) as cloud and AI companies look for more sources of energy. With Will Wade www.bloomberg.com/news/article...

Microsoft Plans Major Job Cuts at Xbox Gaming Division The video-game division’s latest round of layoffs is expected next week

Breaking: Microsoft is planning major job cuts at Xbox that will begin next week, sources tell Bloomberg News. Not yet clear how many people, but it's expected to be big. This will be the fourth mass layoff at Xbox in the last 18 months. www.bloomberg.com/news/article...

One of the Best Hackers in the Country is an AI Bot Xbow, the startup behind a highly ranked hacking security tool, has raised $75 million

One of the top-ranked hackers in the US isn't a person - it's an AI from a company called @xbow.com
Founded by former GitHub Copilot chief Oege de Moor, Xbow has closed a $75 mln Series B round backed by Altimeter, Sequoia and Nat Friedman www.bloomberg.com/news/article...

Canadian Telecom BCE to Build Large Network of AI Data Centers BCE Inc., Canada’s largest telecom company by revenue, will set up a network of artificial intelligence data centers across the country, mirroring the aggressive AI infrastructure build-out happening ...

Bell plans to invest hundreds of millions of dollars to build data centers in six Canadian cities, its CEO said in an interview. The first site, in British Columbia, is expected to come online in June, with US-based AI chip startup Groq as anchor tenant.

@dinabass.bsky.social had the story first:

I knew somehow this was your fault.

Microsoft’s CEO on How AI Will Remake Every Company, Including His Nervous customers and a volatile partnership with OpenAI are complicating things for Satya Nadella and the world’s most valuable company.

Sorry try this gift link: www.bloomberg.com/news/feature...

Microsoft’s CEO on How AI Will Remake Every Company, Including His Nervous customers and a volatile partnership with OpenAI are complicating things for Satya Nadella and the world’s most valuable company.

Here's a gift link to read our piece on how Microsoft's AI strategy has evolved, how corporations and consumers are receiving Copilot and what the future of AI might mean for the workforce: www.bloomberg.com/news/feature...

So why is Microsoft back to pouring resources into training its own large language models? When will it use them as versus OpenAI's? @austincarr.bsky.social
and I spoke with Satya Nadella and Mustafa Suleyman on the philosophy behind MAI

The story for @businessweek.bsky.social looks at how some customers are succeeding with Microsoft's Copilot and why others have preferred options like ChatGPT, why Mustafa Suleyman and team are working on Microsoft's own LLM, and what the AI future might mean for workers at Microsoft and its clients

Above all, Nadella has a strong sense of needing to move fast, even if it means scrapping what's worked before. “The last five years we spent building, it doesn’t matter. It’s not worth anything anymore,” one exec says Satya told his team when pushing for a product's AI overhaul.

Microsoft’s CEO on How AI Will Remake Every Company, Including His Nervous customers and a volatile partnership with OpenAI are complicating things for Satya Nadella and the world’s most valuable company.

2 years ago Microsoft set out to spin an early GenAI lead (courtesy of the OpenAI deal) into corporate & consumer AI gold. @austincarr.bsky.social I take a look at how it's gone, how Satya is hedging bets, building new AI models & navigating changing OAI conditions www.bloomberg.com/news/feature...