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Meta’s $200 billion Hyperion data centre in Louisiana is the most expensive private infrastructure project in American history

Meta is building the most expensive single piece of private infrastructure in American history. Hyperion, the company’s AI data centre campus in Richland Parish, Louisiana, now carries a projected cost of more than $200 billion, a figure that has grown steadily since the project was first announced at $10 billion in December 2024. The campus […]

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Unframe takes $50M more from Highland Europe on $100M TCV in 12 months

The Shay Levi-led enterprise AI delivery platform has doubled its total funding to $100m and is posting numbers, including 400% net revenue retention, that put it in the top decile of any enterprise-software vintage. Unframe, the Cupertino-based managed AI delivery platform co-founded by Shay Levi, has raised an additional $50m in funding led by Highland […]

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Barclays says humanoid robots can offset 60% of China’s 37M worker shortfall by 2035

The British bank’s new note estimates humanoid robots can offset 60% of the projected labour-force decline by 2035, with China’s workforce shrinking by 37 million people over the next ten years. Up to 24 million humanoids would be needed. Barclays published a research note estimating that China’s deployment of humanoid robots could offset as much […]

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Standard Chartered will cut 7,800 back-office jobs to ‘the machines’ by 2030

Bill Winters told investors in Hong Kong that the bank’s HR, risk and compliance functions will shrink by more than 15% over five years, with the headcount efficiency aimed at lifting income-per-employee 20% by 2028. Standard Chartered will cut more than 15% of its back-office roles by 2030, chief executive Bill Winters told investors at […]

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Australia’s largest pension fund sees agentic AI as a disruption-class technology

The A$410bn pension fund is comparing the disruption to what retail and consumer services have already experienced. ASIC is already monitoring frontier-AI risks across the Australian financial system. AustralianSuper, the country’s largest pension fund with A$410bn ($293bn) under management, has said agentic artificial intelligence could fundamentally reshape how it serves its 3.5 million members, Bloomberg’s […]

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Blackstone takes the majority position in Google’s new TPU cloud

The two have formed a joint venture to build a US-based AI compute-as-a-service business on Google’s TPUs, with $5bn of Blackstone equity, $25bn total deal value including leverage, and 500 MW of capacity targeted for 2027. Blackstone and Google have formed a joint venture to build a US-based AI compute-as-a-service business on Google’s tensor processing […]

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Project Glasswing partners can now share Mythos findings beyond the programme

The Project Glasswing partners can now pass vulnerability findings to other security teams, industry bodies, regulators, open-source maintainers and the press, under responsible-disclosure norms. The defender pool just got wider. Anthropic said on Monday that it is revising its earlier disclosure policy on Mythos, the unreleased cybersecurity-focused AI model deployed under its Project Glasswing controlled-access […]

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Meta moves 7,000 people into AI roles the same week it cuts 10%

Chief People Officer Janelle Gale’s Monday memo described ‘smaller teams’ and a ‘flatter’ structure built around new AI groups for agents, apps, and infrastructure. Layoffs are due later this week. The Meta Saga continues with layoffs and “reassigning”. Meta Platforms is reassigning 7,000 workers to new artificial-intelligence-focused jobs as part of a broad corporate restructuring, […]

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Amazon’s new Alexa feature generates entire podcast episodes using AI and licensed journalism from 200+ newsrooms

  Amazon has launched a feature that uses artificial intelligence to generate entire podcast episodes on demand. Called Alexa Podcasts, the tool allows users to ask Alexa+ to create a podcast on any topic, and the system will research the subject, produce a structured overview, and deliver it as an audio episode narrated by two […]

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Musk loses OpenAI lawsuit as jury unanimously rules his claims were filed too late

Elon Musk has lost his lawsuit against Sam Altman, Greg Brockman, OpenAI, and Microsoft. A nine-person jury in Oakland returned a unanimous verdict on Sunday finding that Musk’s claims had been filed too late under the statute of limitations, ending the most consequential corporate governance trial in the history of artificial intelligence without reaching the […]

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