AI cuts some Deutsche Bank corporate loan decisions to minutes
We haven't written up this one. CNA - Business has the full story — the link below goes straight to it.
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Elon Musk warned more than 200 AI cloud companies are headed for mass failure
Musk said debt markets have cut off funding for firms that depend on AI data centers, and neocloud stocks fell Monday
The public internet model is effectively dead due to saturation, algorithmic aggregators, and AI security vulnerabilities, and that may open new possibilities (Ben Thompson/Stratechery)
It was the summer of 2003, just weeks before I was set to move to Taiwan, that I decided to create a blog to document my journey.
- Public internet model dying due to saturation and AI security vulnerabilities
- Algorithmic aggregators and social media as new discovery mechanisms
- Subscription-based model emerging as alternative to free distribution
Meta launches $35 billion stock offering to fund AI expansion
Meta launched public offerings of about $35 billion in common stock and convertible preferred stock, as it seeks to finance its costly AI expansion.
Meta plans to raise $95B to finance its AI infrastructure, including $35B in public equity offerings, backed by cornerstone investors Nvidia, AMD, and Broadcom (Tim Bradshaw/Financial Times)
Chipmakers Nvidia, AMD and Broadcom will act as cornerstone investors — Meta is planning to raise $95bn …
Neocloud stocks fall as Elon Musk warns 200 AI infrastructure companies could collapse amid debt fears
Neocloud stocks fall as Elon Musk warns over 200 AI infrastructure companies could collapse amid rising debt, funding shortages and fears of unused capacity.
AI supercharges cyberattacks on Australia, with superannuation savings in the firing line
Australia’s cybercop is dealing with an 80 per cent surge in attacks as criminals and foreign governments use new AI to target the country.