AI

AI coverage across every StreamSage desk, filed under AI: Models, Chips, Compute, Adoption, Finance, Safety, Labor. Sources on every story. Page 4.

• Nscale Commits Up to $6 Billion to Power Figure Robotics AI

  Nscale will deploy up to 100,000 Nvidia chips starting in late 2026, per PYMNTS.

• OpenAI Releases GPT-6 Astra With Perfect ExploitBench Score

  OpenAI designated GPT-6 Astra as a critical cybersecurity model after it scored 100% on ExploitBench and found two new V8 zero-days.

• Hyperscale Data stock hits all-time low as Michigan site shifts to AI

  The company turned off all bitcoin miners at its Michigan facility to prepare for AI infrastructure deployment.

• Allbirds rebrand to AI company Smartbird ends in 90% stock drop

  Shares spiked over 800% on the pivot announcement, peaked near $24 in April, and have since fallen to approximately $2.50.

• IREN earns 82% of revenue from Bitcoin after AI pivot

  IREN's FY2026 revenue hit $707 million, with $578.2 million from mining and a $702.6 million net loss.

• Genius Group to Acquire $827M in Bitcoin via Preferred Securities

  The company issued a $1.2 billion shelf registration in July to fund a new dual treasury strategy for bitcoin and AI.

• SpaceX to exclusively purchase Nvidia chips

  SpaceX announced it will exclusively purchase Nvidia chips, while other high-profile companies also seek more processing power.

• Chopra-led California agency launches enforcement orders

  The new Business and Consumer Services Agency issued early orders requiring broker-dealers to return $1.3 million and securing $7 million in restitution.

• KLA insiders sold $64M as stock dropped 40%

  KLA Corporation insiders disclosed over $64 million in stock sales while the share price fell 40% from its June 30 high, shedding $160 billion in market value.

• IREN shares drop 8 percent on earnings report

  IREN stock fell 8 percent following an earnings release, with the company's costly transition to AI infrastructure weighing on financial results.

• Nvidia shares jump 8% on earnings beat, lifting tech and bitcoin

  CoinDesk reported that Nvidia stock rose 8% after the company beat earnings expectations, a move that helped push higher technology stocks and the bitcoin price.

• Nvidia shares rise as earnings top estimates and guidance hits $108 billion

  CoinDesk reported that Nvidia stock increased following an earnings beat and a revenue forecast of $108 billion for the upcoming quarter.

• Riot's Anthropic Bridge Loan Expires Before Rent Begins

  Riot's $573M Morgan Stanley facility matures in December 2026, a year before the first Rockdale capacity delivery.

• Binance introduces Agent OS for AI-driven crypto trading

  The new system links ChatGPT and Claude to Binance markets, while safety controls separate agents from user funds and assign oversight responsibilities to traders.

• Alibaba revenue rises 9% while net income falls 75%

  Cloud and AI product revenue grew 45% in the June quarter as shares moved lower after the earnings report.

• Bitdeer signs $400M AI cloud computing deal for Malaysia site

  The five-year contract will generate revenue from early 2027 while Bitdeer targets 350 megawatts of AI capacity by 2028.

• OpenAI CFO tells staff company goes public by 2027

  Sarah Friar said at an all-hands that OpenAI will be public in 2027 if not sooner, per CNBC citing unnamed sources.

• Google option to buy Marvell stock tied to chip deal

  The option covers about $12 billion in Marvell shares as part of a new custom chip arrangement.

• Pennsylvania Governor Orders New Data Center Restrictions

  Gov. Josh Shapiro's new rules aim to shield residents from higher electricity costs and give communities more control.

• Google Pays $10M for Spirit Airlines' Internal Data

  Google beat a rival bid for Spirit's operational archive, including 100 million emails and 500 million chat messages, according to court filings.