Uber to Acquire Delivery Hero for $14.8 Billion

Portland-based Mueon raised $65 million to develop a new server rack architecture for AI data centers. The company claims its design can fit up to ten times more computing capacity into the same power footprint as existing setups. The funding targets a critical constraint in AI infrastructure as demand for data center capacity continues to grow.

The Nordic region is establishing itself as a major European AI infrastructure hub, with countries deploying approximately 1 gigawatt of AI cloud capacity by end of 2027 and leveraging advantages in renewable energy and data governance. Major companies including Spotify, ABB Robotics, and Elisa are building AI applications on NVIDIA infrastructure, while startups raised $2.8 billion in the first half of 2026 and are scaling on open models. The region's transition from producing high-density unicorn startups to building foundational AI infrastructure signals a shift from ambition to operational deployment.

Morgan Stanley CEO Ted Pick said during the bank's third-quarter earnings call that AI investment will continue at massive scale over the next several years, despite expected bottlenecks and periods of overbuilding. Pick's comments reflect confidence in the long-term trajectory of AI infrastructure spending even as the sector faces near-term challenges. The statement comes as major financial institutions assess the sustainability of current AI capital expenditure levels.

Anthropic reported $16.8 billion in third-quarter revenue, a 45% increase from Q2, as the AI company prepares for its initial public offering. The figure represents more than 3.6 times the company's revenue from an earlier period, signaling rapid scaling in the generative AI market. The disclosure came as Anthropic briefed prospective IPO investors on its financial performance.