Oracle, one of the world’s biggest technology companies, is spending billions of dollars to expand its artificial intelligence (AI) business. The company is building data centers and increasing its computing power to take advantage of the AI boom. But now, some investors are worried because Oracle is using a lot of borrowed money for this … Read more
Elon Musk’s SpaceX turned to the bond market for the first time, capitalizing on a post-IPO momentum that has vaulted its cash reserves past $100 billion as the rockets-to-AI group ramps up spending. Monday’s notes offering comes mere days after SpaceX’s IPO, signaling the company’s push to reshape its balance sheet by replacing short-term bridge … Read more
Meta is laying off about 8,000 workers, or about 10% of its workforce, the company said Thursday as it continues to ramp up spending on artificial intelligence infrastructure and highly paid AI-expert hires. The company said it was making the cuts for the sake of efficiency and to allow new investments in parts of its … Read more
Artificial intelligence (AI) spending plans by major technology companies remain intact despite rising oil prices and geopolitical risks, with near-term investments driven by compute and memory costs rather than energy constraints. He added that chip pricing has had a bigger influence on capital expenditure efficiency. “Chip pricing has been more impactful on capex and how … Read more
