Virginia’s data center tax exemptions cost the state $1.6 billion in lost revenue for fiscal year 2025, a massive 118% increase from the year before. The program, which offers breaks for investments as low as $70 million, is now under scrutiny as its cost dwarfs all other state incentives.
Semafor has raised $30 million in new funding, valuing the company at $330 million. The startup, co-founded by Justin Smith and Ben Smith, turned its first profit in 2025 with $40 million in revenue.
Meta is hitting pause on the international launch of its high-tech Ray-Ban Display glasses due to overwhelming U.S. demand and supply chain issues. Meanwhile, Elon Musk’s xAI just raised a jaw-dropping $20 billion from investors.
Orsted A/S is taking the U.S. Interior Department to court over a 90-day suspension of its Sunrise Wind project near New York. The move is part of the Trump administration’s broader effort to halt several offshore wind farms, citing radar interference concerns.
Skybox Datacenters is moving forward with plans for a major new data center campus in San Angelo, Texas. The project involves six large buildings on 350 acres of city-owned land, leveraging spare capacity from a local substation.
Structured, an AI-native partner marketing platform, has appointed enterprise software veteran Stacey Epstein as its new CEO. Founder Daniel Nissan is stepping down but will remain an advisor. The company is also launching its next-generation platform in Q1 2026.
NinjaOne, an IT management platform, announced it has topped $500 million in annualized recurring revenue. The company saw nearly 70% year-over-year revenue growth and now serves over 35,000 customers. President Chris Matarese forecasts another 60-70% growth for 2026.
The scam economy has evolved into a fast-moving industry, using social engineering and AI to target not just the elderly but also digitally-native Gen Z and millennials. Payment platforms like Block and PayPal are trying to fight back with targeted warnings and reimbursement programs, but the damage
Financial Times News reports that 2026 could see a historic IPO wave dominated by US tech behemoths like SpaceX and OpenAI. This looming flood of capital-hungry American listings exposes a fundamental weakness in European equity markets that rule changes can’t fix.
AI software developer Iterate.ai is making a massive pivot to a channel-first model. CEO Jon Nordmark expects partner-driven revenue to jump from 20% to 95% by 2027, fueled by demand for private, on-premises AI solutions.
