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New York becomes the first state to enact a data center moratorium
New hyperscale data centers can’t set up shop in New York for up to a year now that Governor Kathy Hochul (D) has signed the nation’s first statewide moratorium. But a bill passed by the state legislature that could restrict even more developments still awaits her signature. The order blocks new environmental permits for data…
ChangXin Memory Technologies Launches STAR Market IPO Subscription; DeepSeek Founder Liang Wenfeng Joins Through 153 High-Flyer Quant Funds
An IPO widely viewed as historic has unexpectedly connected two iconic figures in China’s technology landscape. On July 16, ChangXin Memory Technologies, China’s leading domestic DRAM manufacturer, officially launched online and offline subscriptions for its STAR Market listing. The offering price was set at 8.66 yuan per share, with an initial public offering of 6.688…
Forget Nvidia. These 5 S&P 500 stocks are quietly going all in on AI.
The “Mag Seven” has become the “Bag Seven.” Sharp tech investors are looking elsewhere.
Mandela Day: What his legacy means in today’s South Africa | News
Johannesburg, South Africa – Nelson Mandela Day has become the backdrop for a wider debate in South Africa over the values the former president represented, as the country grapples with inequality, economic frustration and growing divisions over how to address social problems. That debate has been sharpened this year by the decision of March and March,…
BNPL Zip pulls out of New Zealand
Buy-now-pay-later platform Zip Co will shut down its New Zealand operations following a strategic review of the business. The ASX-listed fintech (ASX: ZIP) told the market that the decision “reflects Zip’s strategic focus on investing in its Australian and US businesses, which continue to demonstrate strong momentum and profitable growth”. More than 80% BNPL, founded…
British founder Max Buchan raises $50M from US giant NEA to build the sovereign infrastructure layer AI-era governments can’t ignore — TFN
Valarian, the London-based sovereign infrastructure company founded by Max Buchan and Josh McLaughlin, has raised $50 million in a Series A led by New Enterprise Associates, bringing total funding to $70 million. The round marks NEA’s first defence and dual-use investment in Europe — a significant signal from a firm with $35 billion under management…