Alphabet has proposed an $80 billion equity capital raise to enhance its AI infrastructure and computing capabilities. The funds will be allocated to expand resources and support advancements in artificial intelligence technology.

A $25 billion Danish pension fund has blacklisted SpaceX, citing concerns over its "catastrophic governance structure" and labeling the company as "grossly overvalued." SpaceX is targeting a valuation of at least $1.8 trillion for its initial public offering.

Nvidia CEO Jensen Huang stated that the company is unlikely to invest $100 billion in OpenAI, citing the startup's plans to go public by the end of the year. He made these comments during a Morgan Stanley conference in San Francisco.

The $700 billion AI spending boom is leading to shortages of electricians and delaying construction projects. Increased demand for AI is also contributing to rising smartphone prices and limiting investment in other promising innovations.

Nvidia's stock dropped 1.1% following reports that its $100 billion investment in OpenAI is stalled. Uncertainty surrounding the deal has been reported by company insiders.