tech

6/27/25

Meta reportedly seeking $29 billion for data center construction

Meta is looking to raise a total of $29 billion to pay for its gargantuan AI data center plans, according to a new report from the Financial Times. The company is looking to raise $26 billion in debt and $3 billion in equity from firms including Apollo Global Management, KKR, Brookfield, Carlyle, and Pimco as it seeks to stay competitive in the AI race.

Meta recently delayed the release of the largest version of its flagship Llama 4 AI model, and rankled the AI community with controversial test scores for the smaller releases.

Meta CEO Mark Zuckerberg is deeply involved in personally recruiting a new team of AI all-stars to unlock “superintelligence” by poaching top researchers from competitors like OpenAI, reportedly with $100 million starting offers.

The company has upped its estimates for capex spending this year to $72 billion due to tariffs and bigger plans.

Meta’s competitors are in a feverish race to build massive AI data centers amid rapid breakthroughs in efficiency that could lead to a glut of AI data center capacity. Amazon is building 30 huge data centers in Indiana to provide computing resources for its parter Anthropic, and OpenAI’s massive Stargate project is currently under construction in Texas.

Meta seeks $29bn from private credit giants to fund AI data centres

Meta seeks $29bn from private credit giants to fund AI data centres

Meta recently delayed the release of the largest version of its flagship Llama 4 AI model, and rankled the AI community with controversial test scores for the smaller releases.

Meta CEO Mark Zuckerberg is deeply involved in personally recruiting a new team of AI all-stars to unlock “superintelligence” by poaching top researchers from competitors like OpenAI, reportedly with $100 million starting offers.

The company has upped its estimates for capex spending this year to $72 billion due to tariffs and bigger plans.

Meta’s competitors are in a feverish race to build massive AI data centers amid rapid breakthroughs in efficiency that could lead to a glut of AI data center capacity. Amazon is building 30 huge data centers in Indiana to provide computing resources for its parter Anthropic, and OpenAI’s massive Stargate project is currently under construction in Texas.

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tech

30m

Oracle's massive sales backlog is thanks to a $300-billion deal with OpenAI, WSJ reports

OpenAI has signed a massive deal to purchase $300 billion worth of cloud computing capacity from Oracle, according to a report from The Wall Street Journal.

The report notes that the five-year deal would be one of the largest cloud computing contracts ever signed, requiring 4.5 gigawatts of capacity.

The news is prompting shares to pare some of their massive gains, presumably because of concerns about counterparty and concentration risk.

Yesterday, Oracle shares skyrocketed as much as 30% in after hours trading after the company forecast that it expects its cloud infrastructure business to see revenues climb to $144 billion by 2030.

Oracle shares were up as much as 43% on Wednesday.

It’s the second example in under a week of how much OpenAI’s cash burn and fundraising efforts are playing a starring role in the AI boom. The FT reported that OpenAI is the major new Broadcom customer that has $10 billion in orders.

Exclusive | Oracle, OpenAI Sign Massive $300 Billion Cloud Computing Deal

Exclusive | Oracle, OpenAI Sign Massive $300 Billion Cloud Computing Deal

Yesterday, Oracle shares skyrocketed as much as 30% in after hours trading after the company forecast that it expects its cloud infrastructure business to see revenues climb to $144 billion by 2030.

Oracle shares were up as much as 43% on Wednesday.

It’s the second example in under a week of how much OpenAI’s cash burn and fundraising efforts are playing a starring role in the AI boom. The FT reported that OpenAI is the major new Broadcom customer that has $10 billion in orders.

Large companies have started to drop AI from their businesses

Census data shows drop in large companies using AI

AI appears to be everywhere, but that doesn’t mean big companies have fully embraced the use of the technology in their day-to-day business.

Claire Yubin Oh, Jon Keegan4h

tech

22h

Report: Microsoft adds Anthropic alongside OpenAI in Office 365, citing better performance

In a move that could test its fraught $13 billion partnership, Microsoft is moving away from relying solely on OpenAI to power its AI features in Office 365 and will now also include Anthropic’s Claude Sonnet 4 model, according to a report from The Information.

The move is a tectonic shift that boosts Anthropic’s standing, heightens risks for OpenAI, and has huge ramifications for the balance of power in the fast-moving AI field.

Per the report, Microsoft executives found that Anthropic’s AI outperformed OpenAI’s on tasks involving spreadsheets and generating PowerPoint slide decks, both crucial parts of Microsoft’s Office 365 productivity suite.

Microsoft will have to pay the competition to provide the services —Amazon Web Services currently hosts Anthropic’s models while Microsoft’s Azure cloud service does not, The Information reported.

OpenAI is also reportedly working on its own productivity suite of apps.

Microsoft to Buy AI From Anthropic in Partial Shift From OpenAI

Microsoft to Buy AI From Anthropic in Partial Shift From OpenAI

The move is a tectonic shift that boosts Anthropic’s standing, heightens risks for OpenAI, and has huge ramifications for the balance of power in the fast-moving AI field.

Per the report, Microsoft executives found that Anthropic’s AI outperformed OpenAI’s on tasks involving spreadsheets and generating PowerPoint slide decks, both crucial parts of Microsoft’s Office 365 productivity suite.

Microsoft will have to pay the competition to provide the services —Amazon Web Services currently hosts Anthropic’s models while Microsoft’s Azure cloud service does not, The Information reported.

OpenAI is also reportedly working on its own productivity suite of apps.

tech

9/9/25

Apple announces extra slim iPhone Air, iPhone Pro with longer battery life, updated AirPods Pro 3 with live language translation, and refreshed Apple Watch line

At today’s “Awe Dropping” Apple event, the company announced its yearly refresh of the iPhone lineup. The new iPhone 17, iPhone 17 Pro, and iPhone 17 Pro Max were joined by a brand-new addition: the iPhone Air, a superthin model with tougher glass and faster processors.

Apple shares dipped on news of the product releases and are down about 1.4% on the day in afternoon trading.

The company also announced an updated Apple Watch line — Series 11, SE3, and Ultra 3 — with new features like 5G, high blood pressure detection, 24-hour battery life, and satellite communication.

Apple iPhone 17 — Apple’s iPhone 17 (Apple)

Here’s a breakdown of the new products Apple announced:

The ultrathin iPhone Air was described by Apple as “a paradox you have to hold to believe.” The sleek 5.6-millimeter-thin iPhone features a crack- and scratch-resistant front and back and “Macbook Pro levels of compute,” which you can pair with a weird $59 cross-body strap. It starts at $999.
The iPhone 17 has a faster A19 chip, an improved smart selfie camera, and a higher-resolution screen. It starts at $799.
The iPhone 17 Pro has a new design, ever-faster A19 Pro chip, a tougher “ceramic shield” on the front and back, better cameras, and a bigger battery that gets an extra 10 hours of video playback compared to its predecessor. It costs $100 more than the previous generation, but the minimum storage has doubled to 256 gigabytes. It starts at $1,099.
The iPhone 17 Pro Max starts at $1,199.
The AirPods Pro 3 have AI-powered live translation, a new heart rate sensor, eight hours of battery life, and improved active noise cancellation. The new AirPods can also track workouts, and Apple says they are built to fit more people’s ears with a new design and foam ear tips. They start at $249.
The Apple Watch Series 11 has 5G, a new high blood pressure detection feature, improved sleep tracking, a more scratch-resistant face, and 24 hours of battery life.
The entry-level Apple Watch SE 3 gets 5G, new health-tracking features, and an always-on display. It starts at $249.
The chunky Apple Watch Ultra 3 has an impressive 42-hour battery life, satellite communications for emergencies, and a brighter and bigger display. It starts at $799.

Tesla could sell a record number of vehicles in the US this quarter

That won’t be enough to keep full-year global sales from falling.

Guy waving an American flag in a tiny Tesla Cybertruck

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