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Sept 2 (Reuters) – Nscale is telling prospective investors it has about $103 billion of total contracted revenue ahead of an initial public offering that could come as soon as this month, The Information reported on Wednesday, citing documents shared with the investors. Reuters had reported in late August that Anthropic would spend $45 billion to rent AI cloud computing power from Nscale’s West Virginia data center campus. • The […]

Sept 2 (Reuters) – Olympus-backed data center infrastructure firm Accelevation filed for a U.S. initial public offering on Wednesday, seeking to tap into the investor demand for companies serving the AI boom. The market for new listings has gained momentum this year, buoyed by several high-profile IPOs and a strong pipeline of firms seeking to go public. • Accelevation provides infrastructure and power products, spanning power distribution and deployment, catering […]

LOS ANGELES (AP) — Los Angeles Clippers owner Steve Ballmer has been suspended for one year by the NBA, the team will forfeit five first-round draft picks from 2029 to 2033, and president of basketball operations Lawrence Frank has been banned for six months for violating salary cap circumvention rules. The league came down hard on the organization after a nearly year-long investigation led by an outside law firm. The […]

Sept 2 (Reuters) – The U.S. Pentagon issued detailed guidance on Wednesday for a new, mandatory testosterone deficiency screening policy for active-duty and reserve service members age 30 and older, a follow-up to Defense Secretary Pete Hegseth’s July announcement. The guidance, which is effective immediately, establishes standardized screening and treatment pathways for men and women that the Pentagon says are aimed at improving military readiness by identifying and managing hormonal […]

WASHINGTON, Sept 2 (Reuters) – The FBI says it is investigating a report that millions of American driver’s licenses were exposed online. On Tuesday, the independent journalist Brian Krebs said he had discovered a dark web site selling digital scans of millions of driver’s licenses from people in the U.S. and Canada. He said he confirmed the authenticity of the data being sold with nine people. In a brief statement […]

By Nate Raymond Sept 2 (Reuters) – A federal judge on Wednesday blocked the Trump administration from enforcing a new executive order limiting the number of people eligible for birthright citizenship that President Donald Trump issued after the U.S. Supreme Court rejected his previous effort. U.S. District Judge Deborah Boardman in Greenbelt, Maryland, issued a preliminary injunction at the request of immigrant rights advocates who had last year secured a […]

By Shrivathsa Sridhar NEW YORK, Sept 2 (Reuters) – Rafael Jodar was tripped up at the first hurdle of his maiden U.S. Open campaign on Wednesday, as the Spanish 12th seed failed to find his rhythm and fell 6-2 6-1 6-1 to Chinese lucky loser Bu Yunchaokete. Back at the site of his junior triumph two years ago, the 19-year-old Jodar looked unusually out of sorts after his first-round clash […]

By Jonathan Stempel NEW YORK, Sept 2 (Reuters) – U.S. prosecutors announced on Wednesday criminal fraud charges against two former chief executive officers of Linqto over their alleged roles in a $450 million scheme to defraud thousands of investors hoping to cash in on private companies before they went public. William Sarris, 75, who founded Linqto and was CEO of the now-bankrupt Silicon Valley online investment platform for 14 years, was charged in […]

Sept 2 (Reuters) – The Los Angeles Clippers will forfeit five first-round draft picks and pay a $30 million fine for violating salary cap circumvention rules involving Kawhi Leonard, the NBA said on Wednesday while also suspending team owner Steve Ballmer. After a year-long probe, the NBA said in a press release that an independent investigation found a pattern of misconduct and multiple significant rules violations by the Clippers organization. […]