AI Boom Turns a Furniture Hardware Maker Into Taiwan’s Richest Company
King Slide Works, once known for cabinet hinges, now dominates the market for AI server rack rails, making founder Lin Tsung-chi Taiwan’s richest person.
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King Slide Works, once known for cabinet hinges, now dominates the market for AI server rack rails, making founder Lin Tsung-chi Taiwan’s richest person.
AI infrastructure construction is generating sustained hotel demand in secondary U.S. markets, helping push the 2026 revenue per available room forecast to a 4.4% increase, up from 0.6% projected in February.
The U.S. Department of Defense has awarded Oracle a contract worth nearly $7 billion over ten years covering software licenses, maintenance, and consulting for military branches, the intelligence community, and the Coast Guard.
Opponents of the AI data center boom held 142 protests across 42 states, the first nationwide backlash against a buildout that crosses political lines and worries local communities.
A Reuters analysis found xAI installed 59 unpermitted gas turbines to power its Colossus 2 data center, releasing pollution near predominantly Black Memphis-area communities.
Meta will build its first Canadian data center, a 1-gigawatt AI facility in Alberta costing about C$13 billion, powered largely by a dedicated natural gas plant.
Apple expanded its partnership with Broadcom in a multi-year deal worth more than $30 billion, its largest US manufacturing commitment, to produce over 15 billion American-made chips.
Elon Musk’s xAI has rebranded to SpaceXAI, folding its Grok chatbot and X into SpaceX and signaling that AI, not rockets, is now central to the space company’s strategy.
Big Tech’s AI capital spending is projected to reach about 3.2% of US GDP by 2027, overtaking national defense spending as a share of the economy for the first time.
A record European heatwave is highlighting a growing threat to the AI boom: extreme weather that stresses data centers and the power grids they depend on at once.
South Korea announced about $880 billion in planned investment to expand chipmaking, AI data centers and robotics, aiming to double memory output and revive regions outside Seoul.
Anthropic is hiring across Australia and Japan to expand its AI data center capacity in Asia-Pacific, as soaring demand for Claude strains its infrastructure.
OpenAI and Broadcom have unveiled Jalapeño, OpenAI’s first custom AI accelerator chip designed specifically for large language model inference.
Qualcomm agreed to acquire Modular, the AI software startup led by Chris Lattner, to build a hardware-agnostic software layer and challenge Nvidia in data center AI.
ByteDance’s record offshore loan would nearly double its 2024 facility and help fund capital spending that could reach $70 billion this year on AI data centers.