How the AI debt binge shattered hyperscalers’ ‘unspoken contract’ with investors
[ad_1] Hyperscalers are significantly ramping up their AI capex spending — and increasingly using credit markets to fund it. But investors say this shift is challenging mega-cap tech giants’ so-called ‘fortress balance sheet’ status, and rips up what they call the “unspoken contract” that kept speculative AI spending largely separate from debt markets. After Amazon, […]
Microsoft Xbox chief Phil Spencer retires, replaced by AI executive Asha Sharma
[ad_1] Microsoft’s head of gaming, Phil Spencer, is leaving the software maker following a 38-year tenure, as the company’s Xbox business faces increased challenges. “Last year, Phil Spencer made the decision to retire from the company, and since then we’ve been talking about succession planning,” Microsoft CEO Satya Nadella wrote in a memo to employees […]
Chinese tech companies progress ‘remarkable,’ OpenAI’s Altman tells CNBC
[ad_1] The progress of Chinese tech companies across the entire stack is “remarkable,” OpenAI’s Sam Altman told CNBC, pointing to “many fields” including AI. Altman’s comments come as China races against the U.S. to develop artificial general intelligence (AGI) — where AI matches human capabilities — and roll out the technology across society. Chinese progress […]