Sam Altman says OpenAI reached an agreement with the DOD to deploy its models in DOD's classified network and asks DOD to extend those terms to all AI companies
Tonight, we reached an agreement with the Department of War to deploy our models in their classified network. In all of our interactions, the DoW displayed a deep respect for safet...
How OpenAI scrambled for compute as Stargate stalled amid clashes with SoftBank; sources say OpenAI building its own data centers is not its near-term priority
When President Donald Trump announced the $500 billion Stargate AI data center project in January 2025, the three companies charged …
Trump says that Microsoft will “ensure” Americans don't have higher power bills due to data centers and Big Tech must “pay their own way” for their data centers
- President Donald Trump asks tech companies to “pay their own way” for their data centers.
Microsoft changes its data center approach, pledging to pay its own power costs, reject tax breaks, and replenish more water than it uses, amid local opposition
President Trump was right about Microsoft — but he only leaked part of the story. — Microsoft is changing its approach to building …
Draft executive order: President Trump plans to grant the US government sole power to regulate AI and create an “AI Litigation Task Force” overseen by the US AG
Trump is launching an all-out broadside against states with strict AI regulations
OpenAI CFO Sarah Friar says an “IPO is not on the cards right now”, and that OpenAI hopes the US government will “backstop” financing of its data center deals
Sarah Friar says the AI giant could reach break-even quickly and would like government backstop on data-center investments
At the White House dinner, Zuckerberg said Meta plans to spend “something like at least $600B” through 2028 on data centers and other infrastructure in the US
but good: if he wants to waste this much money on AI this will probably bankrupt his wretched company. time it went away, anyway. — just a pity about the pollution it will cause....
SEC filing: Nvidia says it will record a $5.5B quarterly charge after new US rules to require a license to export the H20 chips to China; NVDA drops ~5%
Nvidia said on Tuesday that it will take a quarterly charge of about $5.5 billion tied to exporting H20 graphics processing units to China and other destinations.
Apple reports Q2 revenue down 4% YoY to $90.75B, net income down 2% to $23.64B, and announces a $110B share buyback, its largest yet
Apple reports Q2 revenue down 4% YoY to $90.75B, net income down 2% to $23.64B, and announces a $110B share buyback, its largest yet
Apple Q2 revenue: iPhone down 10% YoY to $45.96B, Mac up 4% to $7.45B, iPad down 17% to $5.56B, and Wearables, Home, and Accessories down 10% to $7.91B
Apple CEO Tim Cook waves to journalists after his meeting with Indonesian President Joko Widodo at the Presidential Palace in Jakarta, Indonesia, April 17, 2024.
Apple Q2 revenue: iPhone down 10% YoY to $45.96B, Mac up 4% to $7.45B, iPad down 17% to $5.56B, and Wearables, Home, and Accessories down 10% to $7.91B
Apple CEO Tim Cook waves to journalists after his meeting with Indonesian President Joko Widodo at the Presidential Palace in Jakarta, Indonesia, April 17, 2024.
AMD reports Q3 revenue up 4% YoY to $5.8B, vs. $5.7B est., net income up 353% YoY to $299M, Data Center revenue of $1.6B, and Q4 sales forecast below estimates
Chavi Mehta / Reuters :
As the “Bank of Startups”, Silicon Valley Bank collapsed from its exposure to interest-rate risk, a lack of diversity among depositors, and VC herd mentality
an unsecured illiquid claim on a failed bank. Absent @jpmorgan @citi or... https://twitter.com/... Bob Elliott / @bobeunlimited : Fed/FDIC decisions on SVB determine whether they r...
As the “Bank of Startups”, Silicon Valley Bank collapsed from its exposure to interest-rate risk, a lack of diversity among depositors, and VC herd mentality
Programming note: Money Stuff was supposed to be off today, but: bank run! — SVB