Broadcom Assembles a $60 Billion Debt Pile to Fund AI Chips
The banking documents went out this week, and they describe a figure that even veteran debt bankers had rarely seen: $42 billion in a single senior-secured tranche, the largest chip-financing…
Musk Moves to Keep His Texas Chip Factory to Himself
The correction landed on X with the force of a door slamming. A user had posted that the most likely outcome for Terafab, Elon Musk’s planned AI chip complex in…
SpaceX Plans to Borrow $40 Billion to Buy Nvidia’s Chips
The figure would have been unthinkable for a rocket company a few years ago: $40 billion in fresh debt, most of it for a single order of computer chips. That…
A Mathematician Declares the Heroic Age of Math Is Over
Christian Szegedy has spent his career at the point where mathematics and machine learning meet. He helped build GoogLeNet and wrote the paper that named adversarial examples, and in 2023…
Mistral’s Answer to the Big Labs Is a Trillion-Parameter Open Model
The model has a nickname inside the company: “Le Chonk.” The name is a joke, but the ambition behind it is not. Mistral AI, the French startup that has spent…
Temasek’s Investment Chief Names the AI Trade Itself as the Market’s Biggest Risk
The warning came from a buyer, not a skeptic, and that is what made it land. Temasek, the Singapore state investment firm, has spent years pouring money into artificial-intelligence companies,…
Oura Puts Its IPO on Hold as Markets Turn Sour
The ring had momentum. Oura, the Finnish maker of the smart ring that tracks sleep and heart rate, had just introduced the Oura Ring 5, pushed its paying membership to…
IMF Adds the AI Boom to Its List of Global Risks
For the past two years, the International Monetary Fund and nearly everyone else described the artificial-intelligence boom as a force for good in the world economy: a surge of investment…
Finland Halts Two Google Data Centers Over Forest Clearing
The trees came down in March, before the paperwork was done. Workers began clearing forest at Leppiniemi, outside the northern Finnish town of Muhos, months before the environmental impact assessments…
Meta’s Muse Assistant Is Building Files on People It Has Never Met
The AI assistant inside Meta’s apps does more than answer questions. According to internal instructions reviewed by Time magazine, it is also keeping files — building profiles of the people…
