Musk to spend $55B on SpaceX AI chip project in Texas
Elon Musk’s SpaceX plans to invest at least $55 billion to build a semiconductor manufacturing facility in Texas, according to a public notice Wednesday, producing chips for artificial intelligence, robotics and data centers in space. The world’s richest person has said the facility, dubbed Terafab, would be run jointly by his electric-vehicle firm Tesla and
Snapchat Moves Beyond Social Media With AI
Snap has announced its Q1 2026 earnings and the numbers alone show a business that is starting to regain balance. Daily active users grew to 483 million, monthly active users touched 956 million, and revenue increased 12% year-over-year to USD 1.53 billion. More importantly, Snap reduced its net loss to USD 89 million while improving
AMD shares hit record high
Advanced Micro Devices’ shares jumped to an all-time high on Wednesday as its strong outlook boosted investor confidence about sustained demand for AI infrastructure, sparking a rally across global semiconductor stocks. AMD jumped 14.9% and was set to add more than $86 billion in market value, if gains hold. Rival Intel also rose 1.9% to
World’s largest nuclear facility could be built in Ontario
The Ontario government is moving ahead on a cost-sharing agreement worth up to $300 million to advance the construction of a new nuclear generating station at the Bruce Power site in Kincardine, Ont., CP24 has learned. The deal between the Independent Electricity System Operator (IESO) – the Crown corporation responsible for operating Ontario’s electricity market
US waits on Iran’s peace deal response
The US is waiting on Iran to respond to its proposal to reopen the Strait of Hormuz and end a war that’s killed thousands of people, with tensions still high in both the Persian Gulf and in Lebanon. Iran’s leaders are yet to indicate whether they’ll accept the terms of the deal, though they’ve previously
OpenAI rolls out GPT-5.5 Instant
OpenAI has introduced GPT-5.5 Instant as the new default model for OpenAI’s ChatGPT, replacing GPT-5.3 Instant. The company says the updated model is designed to improve reliability while continuing to deliver faster responses for day-to-day tasks.The rollout follows the wider launch of the GPT-5.5 family earlier this year. OpenAI had previously highlighted improvements in coding,
Irish media regulator investigates Meta ‘dark patterns’
Social media platform Meta has been called on to build safer products and systems and to engage with Coimisiún na Meán in its investigation into its practices.It said there are concerns that so-called “dark patterns” may be preventing people from accessing a feed not based on profiling. Profiling is the use of automated systems to
OpenAI did not adhere to Canadian privacy laws
OpenAI did not adhere to Canadian privacy laws when it trained its immensely popular ChatGPT tool, resulting in the collection and use of sensitive personal information, according to a joint investigation. The federal privacy commissioner and his counterparts in Quebec, British Columbia and Alberta outlined their findings Wednesday morning into ChatGPT— a chatbot that generates
Microsoft may shelve 2030 clean energy target as AI lifts power use
Microsoft is considering delaying or abandoning its 2030 goal of matching its entire hourly electricity use with renewable energy purchases,The expensive and energy-intensive push for data centers is reshaping the feasibility of Microsoft’s climate commitments that were made before the AI era and rank among the industry’s most ambitious targets. Some of the new data
US and Iran reportedly close to deal to end war
Iran is evaluating a new proposal from the US to end their almost 10-week war, according to a person familiar with the matter, as China added its voice to global pressure to wrap up the conflict.Oil prices plunged more than 10 per cent on the news to below $100 a barrel for the first time