How Meta's financing structure for its $27B Louisiana data center, which helps it keep debt off its books, hinges on some convenient accounting assumptions
“... a marvel of financial engineering: Meta Platforms is building a $27 billion data center in Louisiana, financed with debt, and neither the data center nor the debt will be on i...
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
Sources and docs: after Marc Andreessen donated $5M+ to Trump's 2024 campaign, most CFPB probes have stalled, including three into Andreessen-backed companies
so poor all they have is money. And Andreessen is the OG — Original Greed www.propublica.org/article/trum... Scott Horton / @robertscotthorton : Given all the ways in which the ul...
Current and ex-Meta employees submitted documents and affidavits to Congress alleging that Meta suppressed research on child safety risks in its VR platforms
The company's lawyers intervened to shape research that might have shed light on risks in virtual reality, four current and former staffers have told Congress.
Trump says Elon Musk “went CRAZY” and that canceling his government contracts is “the easiest way to save money”, as their One Big Beautiful bill feud escalates
Musk has gone to war with Donald Trump. What happens next? Dan Milmo / The Guardian : Elon Musk signals he may back down in public row with Donald Trump Wired : Elon Musk's Feud W...
FTC v. Meta: Meta's lead attorney disparaged tech journalists Kara Swisher and Om Malik, calling Malik a “failed blogger”, resurfacing years-old media tensions
Meta's lead attorney called a once-prominent tech journalist a “failed blogger.” Bluesky: @wavesblog , @karaswisher , @karaswisher , @quillmatiq.com , and @anildash.com X: @jason_k...
FTC v. Meta: Meta's lead attorney disparaged tech journalists Kara Swisher and Om Malik, calling Malik a “failed blogger”, resurfacing years-old media tensions
Meta's lead attorney called a once-prominent tech journalist a “failed blogger.” Bluesky: @wavesblog , @karaswisher , @karaswisher , @quillmatiq.com , and @anildash.com X: @jason_k...
Nvidia CEO Jensen Huang says the company will send AI chips to Saudi Arabia's Humain for a 500 MW data center buildout, as President Trump visits the kingdom
Nvidia Chief Executive Officer Jensen Huang announced the partnership on stage at the Saudi-US Investment Forum in Riyadh, the Gulf nation's capital.
The EC's president says the EU won't revisit its “untouchable” rules, like the DMA, and could tax digital ad revenue, hitting Meta and Google, if US talks fail
European Commission president tells FT she wants ‘balanced’ deal but could hit US services in retaliation
The Nasdaq closed down 4% on April 10, with Meta down 7%, Nvidia down 6%, Amazon down 5%, and Apple down 4%, after the US confirmed tariffs on China total 145%
Technology stocks plummeted Thursday and the Nasdaq Composite dropped 4% on the heels of its record-setting session.
The Nasdaq fell 5.8% on the second day following Trump's tariffs announcement, with Nvidia closing down 7.4%, Apple 7.3%, Netflix 6.7%, Meta 5%, and Amazon 4.2%
Amid steep losses, U.S. president says ‘my policies will never change’ — Stocks dropped sharply for a second day …
Sources: StubHub, Klarna, eToro, and adtech group MNTN have paused their IPO plans as President Trump's trade war upends the global economy and public markets
Billions of dollars worth of acquisitions and initial public offerings are on hold as Donald Trump's trade war upends the global economy …
Elon Musk says xAI acquired X in an all-stock deal valuing xAI at $80B and X at $33B; xAI was reportedly in talks to raise funds in February at a $75B valuation
Elon Musk said on Friday that his startup xAI has merged with X, his social network, in an all-stock transaction that values …
A look at LibGen, one of the largest online pirate libraries, with 7.5M+ books and 81M+ research papers, allegedly used by Meta and OpenAI to train AI models
Meta pirated millions of books to train its AI. Search through them here. — When employees at meta started developing …
Inside the Tether vs. Circle rivalry; sources: Circle executives regularly met US Treasury officials and others in 2024 to flag Tether's national security risks
Angus Berwick / Wall Street Journal : Bluesky: @karaswisher . Forums: Hacker News Bluesky: Kara Swisher / @karaswisher : Not sure I would bet against Circle here: www.wsj.com/fina...
President Trump names Bitcoin, Ethereum, XRP, Solana, and Cardano as assets to be included in a strategic US crypto reserve, causing significant price surges
Crypto Braced For Another Trump Shock After Bitcoin, XRP, Solana And Cardano Price Boom CoinDesk : Here Is What Crypto Leaders Are Saying About Trump's Crypto Reserve Plans Matthew...
Investors led by Elon Musk make an unsolicited $97.4B bid to buy the nonprofit that controls OpenAI, complicating Sam Altman's plans to convert to a for-profit
Unsolicited offer complicates Sam Altman's plans to convert OpenAI to a for-profit company — A consortium of investors led …
Investors led by Elon Musk make an unsolicited $97.4B bid to buy the nonprofit that controls OpenAI, complicating Sam Altman's plans to convert to a for-profit
Unsolicited offer complicates Sam Altman's plans to convert OpenAI to a for-profit company — A consortium of investors led …
Chat logs reveal DOGE member Edward Coristine's ties to cybercrime community The Com, and a Telegram handle linked to him sought a DDoS-for-hire service in 2022
Wired reported this week that a 19-year-old working for Elon Musk's so-called Department of Government Efficiency (DOGE) …
Meta agrees to pay ~$25M to settle Trump's 2021 lawsuit against Meta and Mark Zuckerberg after the company suspended his accounts following the January 6 riot
The president had sued the social-media company after his accounts were suspended — President Trump has signed settlement papers …