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The new report says the AI lab will likely qualify for a high junk rating.
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Finding images using AI and without an internet connection
As an increasing number of AI assistants flood the market, the founder of Ollie, an assistant that respected its users’ privacy, says it will be shutting down in a week.
S&P lowered the outlook on Meta’s AA- credit rating to negative from stable, citing heavy AI spending. It expects Meta’s leverage to rise above 1.0x as soon as 2027, from about 0.1x last year. Meta says it disagrees.
Amazon has set up a supplier financing facility to borrow up to $80B against the hardware it buys, usable from 2027 to late 2028. It had a $42.4B free cash outflow in the year to September, and its spending commitments reached $883B.
An AI that actually takes the hint?
Alphabet, Meta, Microsoft, Amazon and Oracle have committed more than $3T to future spending on data centres, leases, equipment and energy, Bloomberg reports. Alphabet leads with more than $1T, followed by Meta with over $800B. Some of the leases run for 30 years.
Intel is being hurt by PC sales as the AI industry gobbles memory and other components causing PC prices to rise.
EXCLUSIVE: A security researcher discovered the hardcoded credential in Applebee’s app, allowing unrestricted access to customers’ personal data.
No Halloween costume? Just be a deceptively cute AI agent icon, a PHP vulnerability, or sleepy time Bryan Johnson.
Big Tech is pouring billions into AI infrastructure, but mounting debt, negative cash flow, and growing investor skepticism are raising questions about the sustainability of the AI spending boom.
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