Corning surges after multibillion-dollar fiber-optic deal with Amazon

On Monday, Amazon announced a multiyear, multibillion-dollar deal to buy optical fiber from 175-year-old glassmaker Corning to power and connect its rapidly expanding US artificial intelligence data centers. Shares of Corning popped more than 9% on the news.

Corning said the investments would create 1,000 new, highly skilled jobs at Corning's manufacturing facilities in North Carolina.

This isn’t Corning’s first Big Tech rodeo. Last month the stock jumped when Nvidia invested $500 million in Corning warrants, and the stock ripped in January following a deal with Meta to provide fiber-optic cable connections for its AI data centers.

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Jon Keegan21m

Intel shares soar on report of Google chip deal, possible future Nvidia business

Shares of Intel soared in early trading on a report that Google and Nvidia are considering turning to the chipmaker as a backup supplier to TSMC, as surging demand continues to outpace supply.

The Information reports that Google has placed an order with Intel to manufacture more than 3 million of its increasingly popular tensor processing unit chips in 2028.

According to the report, Nvidia is currently testing to see if Intel could manufacture its next-gen Feynman chips.

Taiwan-based TSMC has enjoyed a huge lead in the market of manufacturing advanced chips for Apple, Nvidia, and others.

Intel has been struggling to fight its way back into the AI chip business, but has made headway with the help of the Trump administration, which sought to shore American chipmaking with a $8.9 billion investment of taxpayer money, and several high-profile deals.

Google and Nvidia Consider Intel as Backup Chip Manufacturer

The Information reports that Google has placed an order with Intel to manufacture more than 3 million of its increasingly popular tensor processing unit chips in 2028.

According to the report, Nvidia is currently testing to see if Intel could manufacture its next-gen Feynman chips.

Taiwan-based TSMC has enjoyed a huge lead in the market of manufacturing advanced chips for Apple, Nvidia, and others.

Rani Molla

EYE on AI

39m

ChatGPT failed to kill Google Search

With Google’s multibillion user moat and deep pockets, it’s thriving despite OpenAI’s first-mover advantage.

Rani Molla2h

London’s robotaxi war is “months” away as Uber opens waitlist to battle Alphabet’s Waymo

Starting today, Uber users in London can join an in-app waitlist to be matched with a self-driving vehicle, with a commercial launch planned for the “coming months.” Riders who opt in could be picked up by a Ford Mustang Mach-E powered by UK-based AI startup Wayve. The rides will initially operate with a human safety driver and will cost the same as an UberX, Uber Electric, or Uber Comfort ride.

The move turns London into the next ground zero for a robotaxi showdown, pitting Uber against its US partner, Alphabet’s Waymo. While the two companies cooperate stateside — allowing users to hail Waymo rides via the Uber app in Phoenix, Austin, and Atlanta — they are locked in a turf war abroad. Uber is hedging its bets to own the future of ride-hailing, with more than 30 AV partnerships around the world and plans to roll out Wayve-powered robotaxis across 10 global markets.

Waymo, which is available in 11 US markets, is also aggressively pushing its own international expansion and has already deployed about 100 autonomous Jaguars for testing on London streets ahead of a planned commercial launch this year. With the UK fast-tracking its autonomous vehicle regulations, London is set to be the ultimate proving ground to see if Uber’s strategy of funding Waymo’s rivals can beat Alphabet’s in-house tech.

Jon Keegan6/5/26

FT: Meta considering “tens of billions” in new capital to fund AI

Just days after Google announced a monster $85 billion upsized equity raise, the extremely profitable Meta is seeking to sell “tens of billions of dollars” in stock, according to a new report from the Financial Times.

Meta is planning on spending between $125 billion and $145 billion on AI capital expenditure this year alone.

Shares dropped more than 5% on the news.

Meta weighs big equity raising after blockbuster Google deal

Rani Molla

6/5/26

Meta is supercharging its subscription businesses

The free-app giant never really cared about recurring revenue. Now, it’s launching paid plans for all sorts of stuff.

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