AI data center provider Lambda announced Tuesday it raised $1.5 billion in a round led by TWG Global, a relatively new $40 billion investment firm formed by billionaires Thomas Tull, the former owner of Legendary Entertainment, and Guggenheim Partners founder and CEO Mark Walter. TWG holds a variety of the billionaires’ assets, including Walter’s stakes in the Los Angeles Lakers and the new Cadillac F1 racing team. The firm also has a $15 billion fund to invest in AI anchored by Abu Dhabi’s Mubadala Capi ...

Core Insights - Bloom Energy Corp. (NYSE:BE) achieved a new 52-week high, driven by strong revenue growth in Q3 despite an increase in net loss [1][2] - The company's Q3 revenues surged by 57% to $519 million, up from $330 million year-on-year, with product and service revenues rising by 55.7% [2] - The net loss attributable to shareholders widened by 56% to $23 million from $14.7 million year-on-year, but decreased by 46% from the previous quarter's loss of $42.6 million [3] - Bloom Energy secured $5 billion in financial backing from Brookfield Asset Management for the development of AI factories, responding to the growing demand for computing capacity [3] - Collaboration with Brookfield includes the design and delivery of AI factories globally, with a site in Europe expected to be announced by year-end [4]