Trillion Dollar Club Archives - Page 6 of 21

FridayJun 12, 2026 10:00 am

Canadian Bill to Ban Under 16s from Social Media Goes to Parliament

The federal government of Canada has sent a bill to Parliament aimed at banning children below 16 years of age from accessing social media. The bill also contains provisions laying the ground for establishing safeguards intended to make AI chatbots safer. Under the bill, platforms that conform to a given set of safety standards will be exempted from the social media ban. Canada joins a list of several countries that are taking steps to ban minors from accessing social media due to concerns about their safety on those platforms. Canada’s bill is titled “Digital Safety Act.” Marc Miller, the Canadian…

ThursdayJun 11, 2026 10:00 am

Solar Energy Triggers Daily Savings of $135M in Europe

SolarPower Europe has revealed that the massive strides that European countries have taken over the years to install solar energy have resulted in the continent saving at least $135 million on a daily basis, money that would have gone to importing fossil fuels. Their analysis indicates that starting on March 1, just two days after the United States and Israel commenced strikes against Iran and triggered the Gulf country’s closure of the Strait of Hormuz in response, Europe has saved $127 billion from the money that would have otherwise been spent to import fossil fuels. SolarPower Europe says those savings…

TuesdayJun 09, 2026 10:00 am

AI Stocks Pull Back as Jobs Report Shows Resilience

U.S. jobs data released last week showed that the jobs market was more resilient than had been expected amid surging global oil prices. When this data came out, there was a broad selloff in stock markets but AI stocks seemed to suffer the brunt of this selloff. The Nasdaq shed 4.2%, the Dow Jones tumbled 1.3% while the S&P 500 lost 2.6%. This retreat triggered renewed concerns about whether or not the AI sector was in a bubble despite surging valuations of the leading players in this space. Investors were unsure whether mega-cap stocks were correctly priced at this time…

FridayJun 05, 2026 10:00 am

Data Centers Look to Nuclear Energy for Electricity

As more data centers are being planned or constructed across the United States, many states are weighing the option of setting up nuclear energy plants in order to meet the growing demand for power to run these data centers. This option could be a welcome idea to many residents who are concerned about the rising electricity bills they face, but the reality is far from clear. Residents in many states could end up footing the bills of setting up these nuclear plants. A number of states, such as New York, Minnesota and New Jersey are weighing the possibility of having…

ThursdayJun 04, 2026 10:00 am

Trump Signs Executive Order Establishing Oversight of Frontier AI Technologies

On Tuesday, President Trump signed an executive order that establishes federal government oversight over some AI models. The order seeks to give the Commerce, Defense, Homeland Security and Treasury departments the leeway to conduct cyber capability assessments of advanced AI models before they are made available to the public. To attain these objectives, a benchmarking process that is classified will be developed and maintained by the government. Through this process, models that are found to be energy-intensive and most powerful will be categorized as frontier models. The assessment will be conducted 30 days prior to the public release of the…

TuesdayJun 02, 2026 10:00 am

Rallying Chip Stocks Reignite AI Bubble Debate

Companies making AI chips have registered a major rally in the prices of their shares, and this has added momentum to the growing debates about whether or not these surges are fueling an AI bubble that could burst anytime. Bulls insist that this current rally is powered by structural changes within the market and the current situation is unlikely to mirror previous booms and bursts, especially the dot-com bubble. They cite the massive demand for high-bandwidth memory chips needed in the buildout of data centers that tech giants like Alphabet and Microsoft are pouring money into. However, bears say the…

FridayMay 29, 2026 10:00 am

AI Boom Helps Two Firms Join Trillion Dollar Club

The market capitalization of two chip companies has risen above a trillion dollars, driven by the skyrocketing demand for AI chips used to set up data centers. Shares of Micron and SK Hynix have rallied and raised the stock valuation of the firms to above one trillion. On Wednesday, SK Hynix, a South Korean tech giant, saw its stock price rise by more than 10%, continuing a climb that has helped its shares to triple in value since this year started. SK Hynix counts Nvidia among its top semiconductor clients. Earlier on Tuesday, Micron, a U.S. memory chip manufacturer, also…

ThursdayMay 28, 2026 10:00 am

Walmart Warns That Rising Gasoline Prices are Suppressing US Consumer Demand

Walmart has sounded a warning that elevated and rising gasoline prices are putting pressure on consumers, and, as a result, U.S. shoppers are expected to reduce their spending on consumer goods. Household budgets are feeling the pinch of higher fuel prices, and shoppers could be forced to cut their spending on other items in order to cope with elevated fuel prices, Walmart says. Walmart expects its sales growth to slow down significantly in the quarter May–July due to higher fuel prices. The Middle East conflict between the United States and Israel on one side and Iran on the other has…

FridayMay 22, 2026 10:00 am

Amazon Founder Casts Doubt on Timelines of Orbital Data Centers

Jeff Bezos, the founder of Amazon, has cast doubt on the accuracy of many of the timelines that have been provided by rival companies with ambitions of establishing data centers in outer space. During an interview with CNBC on Wednesday, Bezos said orbital data centers will become a reality, but added that the 2–3 years being touted before this becomes a reality was overly ambitious. He said data centers will be built in space, but it is hard to predict how quickly that would happen. Bezos pointed out two roadblocks that stood in the way of data centers being established…

ThursdayMay 21, 2026 10:00 am

Microgrids Could Transform Energy Resilience for Data Centers

Microgrids are increasingly becoming attractive as a way to achieve cost efficiency and resilience while providing reliable energy for data centers amid exploding growth in the AI industry. As AI workloads grow, the importance of 24/7 power availability at data centers has become undeniable. However, uncertainty in power supply from regional or local grids has pushed AI hyperscalers to search for viable alternatives that can address their needs in a cost-effective way. Microgrids offer what tech firms need. With a microgrid, a data center can operate independently without having its operations disrupted in the event that the power grid suffers…

The exclusive home of the biggest and brightest companies covered by IBN.

Contact us: (512) 354-7000

Category: Trillion Dollar Club