Meta Partners for Space Solar, EVAS Raises $1.5B for AI Chips, Amazon Launches OpenAI on AWS - Silicon Brief #68
May 04, 2026 -
Silicon Brief
Hi there,
In this edition of Silicon Brief, we're diving into the latest developments in AI chips and data centers. Meta has partnered with Overview Energy to harness space-based solar power, aiming to generate electricity at night through innovative satellite technology. Meanwhile, EVAS Intelligence has secured a significant 1.5 billion yuan in funding to ramp up production of its RISC-V AI chips, marking a strategic move towards international expansion.
Additionally, QumulusAI is enhancing its AI cloud platform with a $45 million investment from ATW Partners, focusing on deploying NVIDIA GPUs to meet the rising demand for AI services. In the realm of data centers, Oracle and its partners have launched Project Jupiter, a clean energy AI data center in New Mexico, while SoftBank is set to revolutionize data center construction with its new robotics company, Roze AI. Stay tuned for more insights into these exciting advancements!
In this edition of Silicon Brief, we're diving into the latest developments in AI chips and data centers. Meta has partnered with Overview Energy to harness space-based solar power, aiming to generate electricity at night through innovative satellite technology. Meanwhile, EVAS Intelligence has secured a significant 1.5 billion yuan in funding to ramp up production of its RISC-V AI chips, marking a strategic move towards international expansion.
Additionally, QumulusAI is enhancing its AI cloud platform with a $45 million investment from ATW Partners, focusing on deploying NVIDIA GPUs to meet the rising demand for AI services. In the realm of data centers, Oracle and its partners have launched Project Jupiter, a clean energy AI data center in New Mexico, while SoftBank is set to revolutionize data center construction with its new robotics company, Roze AI. Stay tuned for more insights into these exciting advancements!
Meta Partners with Overview Energy for Space-Based Solar Power
Meta has signed an agreement with Overview Energy to receive up to 1 gigawatt of power from satellites that will beam infrared light to solar farms, enabling electricity generation at night. Read more
EVAS Intelligence Secures 1.5 Billion Yuan for AI Chips
EVAS Intelligence has raised 1.5 billion yuan in Series B funding to boost production of its RISC-V AI chips and expand globally. The funding will aid in product development and ecosystem enhancement. Read more
QumulusAI Secures $45 Million for AI Cloud Expansion
QumulusAI has obtained a $45 million convertible note facility from ATW Partners to enhance its AI cloud platform and infrastructure. The funding will facilitate the deployment of over 21,000 NVIDIA Blackwell GPUs by 2026. Read more
IDrive e2 Launches Tokyo Cloud Storage for AI
IDrive® e2 has launched its first storage region in Tokyo, Japan, to enhance cloud storage for AI and data workloads. This expansion aims to provide local businesses with faster data access and improved reliability. Read more
BTC Digital Ltd. Completes 10MW Project in Georgia
BTC Digital Ltd. has finished its 10 megawatt computing infrastructure in Georgia, USA, and is shifting towards an AI computing platform. The project will support various applications using low-cost power and modular architecture. Read more
Oracle and Partners Launch Clean Energy AI Data Center in New Mexico
Oracle, BorderPlex, and Bloom Energy have announced Project Jupiter, which will use clean fuel cell technology to power an AI data center in New Mexico, aiming to reduce emissions and create jobs. Read more
Nuclear Microreactors for AI Data Centers
Several companies are positioning nuclear microreactor technology as a key infrastructure solution for AI data centers, with the market expected to grow significantly due to increasing energy demands. Read more
Trifecta Technologies Launches Snowflake Services
Trifecta Technologies has introduced new services using Snowflake to unify data and enhance analytics, aiming to modernize data infrastructure and support AI innovation. Read more
In-Memory AI Chips Market to Hit $44 Billion by 2032
The global market for Processing In-Memory AI Chips is projected to grow significantly from $231 million in 2025 to $44.3 billion by 2032, driven by advancements in data efficiency and power sensitivity. Read more
ValorC3 Secures Financing for Boise Data Center Expansion
ValorC3 Data Centers has secured financing from Apterra Infrastructure Capital to develop a hyperscale data center campus in Boise, Idaho, focusing on scalable and energy-efficient facilities. Read more
Tencent Cloud Wins Awards at 2026 NAB Show
Tencent Cloud received two Product of the Year Awards at the 2026 NAB Show for its AI solutions, Diffusion Transformer for video quality and Smart Erase for content localization. Read more
Anshtern Unveils New AI Solutions at Magic X
Anshtern introduced its full-stack intelligent computing solutions and a general embodied intelligence engine at the Magic X event in Silicon Valley, addressing challenges like data scarcity and computing costs. Read more
OG&E and Google Collaborate on Oklahoma AI Data Centers
On April 30, 2026, OG&E announced a partnership with Google to power three new data centers in Oklahoma, aiming to boost local economic growth and grid stability. Read more
INVT Showcases AI Solutions at Data Centre World Frankfurt 2026
INVT will present its AI-capable infrastructure solutions for data centers at Data Centre World Frankfurt 2026, featuring a 150 kW High-Density Power Module and advanced cooling systems. Read more
Open Compute Project Foundation Launches AI Data Center Ecosystem
The Open Compute Project Foundation has introduced new initiatives to establish an Open Data Center Ecosystem for AI, including a roadmap for AI facilities and partnerships to improve infrastructure. Read more
Amazon CEO Highlights AWS AI Customer Preferences
During Amazon's Q1 2026 earnings call, CEO Andy Jassy discussed why customers are choosing AWS for AI, citing a revenue run rate over $15 billion and emphasizing AWS's capabilities, integration with OpenAI, and security features. Read more
OPW Engineered Systems Introduces AI Cooling Coupler
OPW Engineered Systems has launched the HyperFlow™ high-flow data center coupler to improve cooling solutions for AI data centers, featuring enhanced flow capacity and safety measures. Read more
SoftBank Launches Roze AI for Data Center Automation
Japanese multinational SoftBank is launching a new company, Roze AI, to automate data center construction in the U.S., with plans for a $100 billion IPO by 2026. Read more
Bell Canada Invests $23M in AI Data Center in Winnipeg
Bell Canada is converting a former protein-processing plant in Winnipeg into an AI data center. The project involves a $23 million investment and is part of the company's 'AI Fabric' initiative. Read more
OCP Rack Market to Reach $4.32 Billion by 2030
A report by MarketsandMarkets forecasts the global OCP Rack Market to grow significantly, driven by AI workloads and hyperscale data centers, reaching $4.32 billion by 2030. Read more
Nscale Appoints Former Oracle Exec for AI Expansion
Nscale has appointed Sam Huckaby, a former senior vice president at Oracle, to lead its AI infrastructure expansion in Europe and North America. Read more
Lightedge Acquires Data Center in Kansas City
Lightedge has acquired a 3MW Tier III certified data center in Kansas City, Missouri, enhancing its regional capacity to meet high demand for enterprise-grade infrastructure. Read more
Galaxy Digital Reports Q1 2026 Financial Results and AI Expansion
Galaxy Digital Inc. announced a net loss of $216 million for Q1 2026 and expanded its AI data center capacity, including a new data hall for CoreWeave and additional power approval at its Helios campus. Read more
bedra Unveils Copper Alloys for AI Data Centers at IEEE PES T&D 2026
At the IEEE PES T&D 2026 event, bedra introduced its advanced copper alloys aimed at improving efficiency and reliability in AI data centers and power systems. Read more
Amazon Launches OpenAI Products on AWS
Amazon has started offering new OpenAI products on its AWS platform, including the latest models and a service for creating AI agents, after a revised agreement with Microsoft allowed this expansion. Read more
Pantheon AI Data Centre to be Built in Croatia
The Pantheon project will establish a major AI data centre in Topusko, Croatia, with a budget exceeding €50 billion. Construction is planned for 2027, with operations starting in 2029, creating thousands of jobs. Read more
Schneider Electric Q1 Revenue Growth Due to AI Demand
Schneider Electric reported an 11.2% organic revenue growth in Q1, driven by increased demand for AI data centre infrastructure, particularly in the US. Read more
Landis+Gyr Joins EPRI's Open Power AI Consortium
Landis+Gyr has joined the Open Power AI Consortium led by EPRI to collaborate on AI applications for enhancing grid efficiency, reliability, and resiliency. The consortium will focus on developing open-source AI models and an AI Sandbox for testing in the electric power industry. Read more
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