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RIO DE JANEIRO (Reuters) -U.S. data center operator Equinix is expanding its operations in Brazil, which the firm sees as a priority market, its managing director for Latin America Eduardo Zago said on Thursday. WHY IT'S IMPORTANT Equinix is one of the companies benefiting from the increased demand for data center infrastructure amid a surge in artificial intelligence usage. Brazil has been seeking to become a sustainable infrastructure hub, given the country's abundant supply of renewable energy. The government has also proposed to exempt data center-related equipment from federal taxes to lure investment. BY THE NUMBERS Equinix has eight data centers in Brazil, with a ninth under construction, Zago said during an event in Rio de Janeiro. All are located across the country's southeastern states of Sao Paulo and Rio de Janeiro, he added. Equinix also bought five real estate areas for a potential future expansion in Brazil, according to Zago. However, the firm does not have a plan for them so far, he said, adding that the company will grow depending on demand. KEY QUOTES "Brazil is a priority region for us," Zago said. "It's a market where there is no lack of space nor money," he added, noting the company is in "strong expansion" in the country. CONTEXT In Latin America, Equinix also has data center operations in Mexico, Chile, Peru and Colombia. (Reporting by Rodrigo Viga Gaier in Rio de Janeiro; Writing by Andre Romani; Editing by Aurora Ellis)

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(Reuters) -AI data centre startup Crusoe is raising $1.38 billion at a valuation of about $10 billion from an anticipated Series E funding round, the Denver-based company said on Thursday The oversubscribed round is being co-led by Valor Equity Partners and Mubadala Capital and includes Nvidia, Fidelity Management and Founders Fund as some of its major investors. The company, which was involved in building OpenAI's first big data centre in the U.S., has raised about $3.9 billion since its inception in 2018. It recently announced that the first phase of its 1.2 gigawatt data center in Abilene, Texas campus, was live just one year after construction began. (Reporting by Anuj T in Bengaluru; Editing by Anil D'Silva)

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(Reuters) -AI data centre startup Crusoe is raising $1.38 billion at a valuation of about $10 billion from an anticipated Series E funding round, the Denver-based company said on Thursday The oversubscribed round is being co-led by Valor Equity Partners and Mubadala Capital and includes Nvidia, Fidelity Management and Founders Fund as some of its major investors. The company, which was involved in building OpenAI's first big data centre in the U.S., has raised about $3.9 billion since its inception in 2018. It recently announced that the first phase of its 1.2 gigawatt data center in Abilene, Texas campus, was live just one year after construction began. (Reporting by Anuj T in Bengaluru; Editing by Anil D'Silva)

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(Reuters) -Applied Materials will cut about 4% of its workforce, or roughly 1,400 jobs, to streamline operations, the chip equipment maker said on Thursday as tighter U.S. export controls on semiconductors weigh on its business. The company, one of the largest U.S. makers of semiconductor manufacturing equipment, will take a charge of $160 million to $180 million for the layoffs, mostly in the fourth quarter of fiscal 2025, it disclosed in a regulatory filing. Late in September, Washington cracked down on companies in China and other countries that use subsidiaries or other foreign affiliates to circumvent export curbs on chipmaking equipment and other goods and technology. That has made it harder for Applied Materials and its rivals to export some products and supply specific parts and services to select China-based customers without a license. The company earlier this month forecast a $600-million hit to its fiscal 2026 revenue due to the expanded curbs. It said it started informing its employees about the layoffs earlier on Thursday. It had 35,700 full-time staff as of October 27, 2024, according to its annual report. "Our goal is to continue to transform how we work, move faster, simplify decision-making, and focus on what matters most as we prepare Applied Materials for significant growth in the coming years," CEO Gary Dickerson said in a memo to employees. (Reporting by Aditya Soni in Bengaluru; Editing by Alan Barona)

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(Reuters) -Anthropic said on Thursday its Claude models would be trained using up to one million of Google's artificial intelligence chips, worth tens of billions of dollars, as it aims to improve its generative AI offerings in a fast-moving landscape. The deal underscores the immense computing demands of AI firms for training, deployment and continuous inference in GenAI. To secure infrastructure swiftly, developers have been rushing into multi-billion-dollar agreements. Alphabet's Google, also a backer of Anthropic, will provide additional cloud computing services to the startup behind the Claude chatbot. For Google, the deal comes as it is expanding external availability of its in-house tensor processing units, or TPUs, which were historically reserved for internal use. It rents the TPUs through Google Cloud. Anthropic said it chose the TPUs due to their price-performance and efficiency and its existing experience in training and serving its models with the processors. Reuters exclusively reported earlier in October that Anthropic is projecting to more than double and potentially nearly triple its annualized revenue run rate next year, fueled by the rapid adoption of its enterprise products. (Reporting by Juby Babu in Mexico City and Zaheer Kachwala in Bengaluru; Editing by Shilpi Majumdar, Anil D'Silva and Alan Barona)

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(Reuters) -Applied Materials will cut about 4% of its workforce, or roughly 1,400 jobs, to streamline operations, the chip equipment maker said on Thursday as tighter U.S. export controls on semiconductors weigh on its business. The company, one of the largest U.S. makers of semiconductor manufacturing equipment, will take a charge of $160 million to $180 million for the layoffs, mostly in the fourth quarter of fiscal 2025, it disclosed in a regulatory filing. Late in September, Washington cracked down on companies in China and other countries that use subsidiaries or other foreign affiliates to circumvent export curbs on chipmaking equipment and other goods and technology. That has made it harder for Applied Materials and its rivals to export some products and supply specific parts and services to select China-based customers without a license. The company earlier this month forecast a $600-million hit to its fiscal 2026 revenue due to the expanded curbs. It said it started informing its employees about the layoffs earlier on Thursday. It had 35,700 full-time staff as of October 27, 2024, according to its annual report. "Our goal is to continue to transform how we work, move faster, simplify decision-making, and focus on what matters most as we prepare Applied Materials for significant growth in the coming years," CEO Gary Dickerson said in a memo to employees. (Reporting by Aditya Soni in Bengaluru; Editing by Alan Barona)

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(Reuters) -Anthropic said on Thursday it Claude models would be trained using up to one million of Google Cloud's tensor processing units, worth tens of billions of dollars. The deal underscores the immense computing demands of AI firms for training, deployment and continuous inference in generative AI, as they race to launch new products and features to stay ahead in a fiercely competitive market. To secure infrastructure swiftly, developers have been rushing into multi-billion dollar agreements. Alphabet's Google, also a backer of Anthropic, will provide additional cloud computing services to the startup behind the Claude chatbot. (Reporting by Juby Babu in Mexico City and Zaheer Kachwala in Bengaluru; Editing by Shilpi Majumdar and Anil D'Silva)

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(Reuters) -Anthropic on Thursday said it would expand the use of Google Cloud's TPU chips, providing the artificial intelligence startup access to the capacity and computing resources required to train the next generations of Claude models. (Reporting by Juby Babu in Mexico City and Zaheer Kachwala in Bengaluru; Editing by Shilpi Majumdar)

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By Arsheeya Bajwa, Max A. Cherney and Stephen Nellis (Reuters) -Intel beat expectations for September-quarter profit as CEO Lip-Bu Tan's drastic cost-cutting measures helped the chipmaker shore up its finances amid a slew of high-profile investments in the company. Shares jumped more than 8% in after-hours trading.   This marks the Santa Clara, California-based company's first earnings announcement after multibillion-dollar investments from Nvidia and Japan's SoftBank as well as an unprecedented U.S. government stake, with investors anticipating a major cash boost.  Intel received the SoftBank money in the third quarter but has not yet received Nvidia's cash, finance chief Dave Zinsner said in an interview with Reuters. The investments are expected to be a major lifeline for Intel, which has been struggling to maintain its dominance in the PC and server central processing unit markets as it competes with Advanced Micro Devices, while repeated attempts to break into the AI chip market commanded by Nvidia have not produced results.  After its share price dropped about 60% last year due to these concerns, Intel stock has risen nearly 90% so far in 2025 thanks to the new investments in the company, helping it outperform the stock of artificial-intelligence chip leader and Wall Street darling Nvidia.  "Shares popped after-hours based on better-than-feared guidance ex-Altera, visible cost and gross margin progress, AI-PC buzz, and $15B of fresh strategic funding that shores the balance sheet," said Michael Schulman, chief investment officer at Running Point Capital.  Nvidia said last month it would invest $5 billion in Intel, giving it a stake of about 4% after new shares are issued. In August, Intel secured $2 billion from SoftBank. After U.S. President Donald Trump called for CEO Tan's resignation over China ties, a hastily arranged Washington meeting produced an unusual deal involving the U.S. government taking a 10% stake for $8.9 billion.  Demand for Intel's chips was strong enough during the third quarter that the company is tight on supply, Zinsner said. One of the factors is that data center operators have realized that they need to upgrade the central processor (CPU) in order to keep pace with the advanced AI chips, he said. Upgrading the CPU gives power and performance advantages that help build and run AI applications. "We're under shipping demand at this point, which I guess is a high-class problem," Zinsner said. For the September quarter, it recorded adjusted gross margins of 40%, beating estimates of 35.7%, while adjusted profit of 23 cents per share also outperformed expectations of a profit of 1 cent per share, according to data compiled by LSEG.  The company will end the year with a workforce that is over one-fifth smaller than last year, it had said in July, while Tan has significantly pared back the expensive manufacturing ambitions of his ousted predecessor, Pat Gelsinger. Tan has aggressively cut costs and divested assets, after Gelsinger's ambitions of turning Intel into a contract manufacturer of chips that would compete against Taiwan's TSMC led to the company in 2024 recording its first annual loss since 1986.  Intel forecast current-quarter revenue between $12.8 billion and $13.8 billion, with a midpoint of $13.3 billion, compared with analysts' average estimate of $13.37 billion. (Reporting by Arsheeya Bajwa in Bengaluru and Max A. Cherney and Stephen Nellis in San Francisco; Additional reporting by Aditya Soni in Bengaluru; Editing by Sayantani Ghosh and Matthew Lewis)

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(Reuters) -Intel forecast fourth-quarter revenue just shy of estimates on Thursday, but beat expectations for September-quarter profit as CEO Lip-Bu Tan's drastic cost-cutting measures helped the chipmaker shore up its finances amid a slew of high-profile investments in the company.  This marks the Santa Clara, California-based company's first earnings announcement after multibillion-dollar investments from Nvidia and Japan's SoftBank as well as an unprecedented U.S. government stake, with investors anticipating a major cash boost.  The investments are expected to be a major lifeline for Intel, which has been struggling to maintain its dominance in the PC and server central processing unit markets as it competes with Advanced Micro Devices, while repeated attempts to break into the AI chip market commanded by Nvidia have not produced results.  After its share price dropped about 60% last year due to these concerns, Intel stock has risen nearly 90% so far in 2025 thanks to the new investments in the company, helping it outperform the stock of artificial-intelligence chip leader and Wall Street darling Nvidia.  Nvidia said last month it would invest $5 billion in Intel, giving it a stake of about 4% after new shares are issued. In August, Intel secured $2 billion from SoftBank. After U.S. President Donald Trump called for CEO Tan's resignation over China ties, a hastily arranged Washington meeting produced an unusual deal involving the U.S. government taking a 10% stake for $8.9 billion.  For the September quarter, it recorded adjusted gross margins of 40%, beating estimates of 35.7%, while adjusted profit of 23 cents per share also outperformed expectations of a profit of 1 cent per share, according to data compiled by LSEG.  The company will end the year with a workforce that is over one-fifth smaller than last year, it had said in July, while Tan has significantly pared back the expensive manufacturing ambitions of his ousted predecessor, Pat Gelsinger. Tan has aggressively cut costs and divested assets, after Gelsinger's ambitions of turning Intel into a contract manufacturer of chips that would compete against Taiwan's TSMC led to the company in 2024 recording its first annual loss since 1986.  Intel forecast current-quarter revenue between $12.8 billion and $13.8 billion, with a midpoint of $13.3 billion, compared with analysts' average estimate of $13.37 billion. (Reporting by Arsheeya Bajwa in Bengaluru and Max A. Cherney and Stephen Nellis in San Francisco; Editing by Matthew Lewis)

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