New York passes one-year data center moratorium

Google is developing a custom server chip called 'Frozen v2' that would embed its Gemini AI model architecture directly into hardware to improve inference efficiency. The chip is projected to be 6 to 10 times more efficient than Google's current homegrown AI chips when measured by tokens served per unit of power. The project addresses a critical compute capacity shortage that has strained Google Cloud's ability to serve external customers.

Memory chip stocks Samsung, SK Hynix, and Micron have sold off this month, creating a buying opportunity for investors willing to bet the sector's growth will continue despite historical boom-and-bust cycles. Samsung trades at the lowest valuation of the three, at just under 4 times book value, less than half where its competitors trade. The sell-off reflects investor concerns that the memory chip surge could falter in coming years.

OpenRouter, a three-year-old startup that helps developers access multiple AI models, is in discussions about a potential acquisition valued at billions of dollars, well above its previous $1.3 billion valuation. The company has experienced surging business this year as developers seek cost-effective ways to run various models, including open-source alternatives. The takeover interest reflects broader market appetite for infrastructure that simplifies AI model selection and deployment.

Databricks has reached a $188 billion valuation while repositioning itself as an AI company. The data platform has published research demonstrating cost savings from open weight AI models for coding tasks. The valuation reflects investor confidence in the company's ability to capitalize on AI infrastructure demand.