Crusoe is in active talks
Sources: Crusoe is in active talks to raise ~$3B in a funding round expected to value the company in the ~$30B range, up from a ~$10B valuation in October
Crusoe, the data center upstart with contracts to supply AI computing power for the likes of Meta Platforms Inc. and Oracle Corp. …

Alexandr Wang said Meta's model currently in training, codenamed
Sources: Alexandr Wang said Meta's model currently in training, codenamed Watermelon, matches GPT-5.5 and uses an “order of magnitude more compute than Avocado” — Meta is making significant progress in the AI model race, its superintelligence chief Alexandr Wang told employees today.

Mark Zuckerberg tells staff that AI agents haven’t progressed
At an internal meeting, the Meta CEO reportedly said that AI development efforts were not moving as quickly as anticipated.