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Finance & Markets

Nextdc Investor UniSuper Says ‘Not That Keen’ on Data Centers

One of Australia’s top pension funds is steering clear of direct investments in data centers, arguing the biggest winners from the artificial intelligence boom will ultimately be the companies that harness the technology rather than those building the infrastructure behind it.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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Tesla's profits are under pressure

Tesla's operating income fell 56% year over year as AI and research and development costs climbed.

  • Tesla's operating income dropped 56% year over year to $718 million in Q3.
  • Revenue fell slightly below analysts' expectations at $28.05 billion.
  • Tesla attributes decline to higher operating expenses for AI and R&D projects.

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