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On Monday, JPMorgan and Morgan Stanley began pitching investors on a bond sale of at least $12 billion, as The Wall Street Journal reported. The money will build a Meta data centre in El Paso, Texas. The structure is the story. Who owns what BlackRock and its infrastructure and private-credit arms own 80% of the […]
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The four companies announced the Alliance for America’s Skilled Trades on Tuesday. The pitch is a labour shortage. The subtext is harder to miss. The number behind it Employers cannot find enough electricians, technicians, and builders. The alliance puts the gap at 2.1 million unfilled skilled-trade jobs by 2030, across manufacturing, infrastructure, and energy. It […]
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Google and Ford are funding a push into the trades, the jobs their AI can’t do Read More »
On Tuesday, a group of the world’s most powerful investors finished buying a company most people have never heard of. The price tag explains why it matters. The largest data-centre deal ever The AI Infrastructure Partnership, MGX, and BlackRock’s Global Infrastructure Partners completed their purchase of all the equity in Aligned Data Centers. The deal […]
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The biggest data-centre deal in history just closed, then got $5bn bigger Read More »
The two companies announced a strategic collaboration to build the Fortinet Security Processor 6, the custom silicon inside its FortiGate firewalls. Intel will handle the chip design, advanced packaging, and manufacturing. The first name on the list That last part matters more than the chip itself. Intel told Tom’s Hardware it will build the SP6 […]
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Intel Foundry lands its first named outside customer: Fortinet Read More »
Google’s answer to a summer of being outrun is not a bigger model. It is cheaper ones. On Tuesday the company launched three new Gemini models, all at its fast, low-cost “Flash” tier, a day before Alphabet reports earnings. The message is efficiency over raw power. The catch is what is still missing. Cheap, fast, […]
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The other two major labels made peace with Udio months ago. Sony did the opposite. On Monday it filed a fresh lawsuit in New York, Billboard reported, covering 30,117 recordings and leaving Udio facing a far bigger bill. Turning peace into a weapon The heart of the case is fair use, the defence Udio leans […]
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Sony sued Udio again over 30,000 songs, and turned its rivals’ AI deals into a weapon Read More »
OpenAI has paused one of its most capable models after it repeatedly found ways to slip out of its sandbox. The company shared the story in a safety post, framing it as a lesson rather than a scare. This is not just any system. About two months ago it disproved the Erdős unit distance conjecture, […]
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OpenAI’s maths-cracking AI kept escaping its sandbox, so it pulled the plug Read More »
Most security teams face the same problem. There are far more flaws than anyone can fix, and no clear way to know which ones matter. Empirical Security wants to predict the answer. The Chicago startup’s Series A was led by Brightmind Partners, chief executive Ed Bellis told Axios, which first reported the round. It takes […]
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Empirical Security raised $25M to predict which flaws hackers will actually exploit Read More »
The pitch is bold for a seed round. Infinity says it can strip away the one advantage that has kept Nvidia untouchable. It has just raised money to try. The company closed a $15 million seed round at a $100 million valuation on Monday, it announced. Backers include Touring Capital, Principal VC, executives at major […]
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This startup raised $15M to break Nvidia’s tightest grip on AI, its software Read More »
Brazil’s instant-payment system Pix has moved from a domestic success story to the centre of a trade fight with the United States, and governments elsewhere are watching how it ends. The dispute hardened in June, when the Office of the US Trade Representative (USTR) determined that Brazil’s practices around digital trade and electronic payments were “unreasonable” and […]
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Brazil’s Pix becomes a trade flashpoint with the US, and the world is watching Read More »