An Applied Digital subsidiary raised $1.59 billion in the high-yield bond market on Tuesday to fund a fourth building at its Polaris Forge 1 campus in North Dakota, which will provide 150 megawatts of computing capacity for CoreWeave under a 15-year co…
Oracle reported fiscal fourth-quarter revenue of $19.2 billion, up 21% year on year, and adjusted earnings of $2.11 per share, beating analyst estimates of $19.1 billion and $1.97 respectively. The numbers were overshadowed by capital expenditure that …
OpenAI is weighing drastic price cuts as it battles Anthropic for customers. With businesses balking at AI costs and Google undercutting both, your AI bills might finally get smaller.
MIT researchers warn that relying heavily on AI chatbots like ChatGPT for fact-checking news may weaken users’ ability to independently spot misinformation.
Palantir CEO Alex Karp says full nationalization of AI companies is coming, and that Senator Bernie Sanders’ proposal for 50% public ownership will soon look moderate. “In two years, they’re not going to think Bernie Sanders is progressive,” Karp told …
Anthropic has published two policy frameworks calling for governments to have the legal authority to block dangerous AI deployments and for economic safeguards to protect workers as AI reshapes the labour market. The Advanced AI Framework covers safety…
Microsoft President Brad Smith has responded to the wave of graduating students booing AI at commencement ceremonies with a 3,000-word essay that acknowledges their concerns and offers no concrete changes. Published on Microsoft’s official blog on Tues…
The White House is negotiating with key senators to bundle federal preemption of state AI laws with three online safety bills, Axios reported. Senator Marsha Blackburn is leading the effort to finalise legislative text. The package would block state AI…
OpenAI said a cluster of ChatGPT accounts linked to China attempted to stir up local opposition to US data centres by posing as Americans and posting AI-generated content about rising electricity costs. The company nicknamed the campaign “Data Center B…
Amazon has agreed to a $17.5 billion delayed-draw term loan led by Citigroup, the latest in a borrowing spree fuelled by its race to build AI infrastructure. The cash is available through the end of September. Each draw has a three-year repayment windo…