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Contractors filed five lawsuits against Mercor, the AI training firm valued at $10 billion, in the past week, accusing the company of violating data privacy and consumer protection laws. Loading audio narration… The suits, filed in federal courts in California and Texas, allege Mercor’s negligence could have resulted in the…
For years, sophisticated asset managers gained an edge thanks to unique intel that didn’t come from traditional market sources like stock exchanges. Now, the advantage is inside their own firms. Loading audio narration… Hedge funds and others were better able to predict quarterly earnings and commodity prices thanks to so-called…
Two top progressive lawmakers have a plan to bring the AI buildout to a halt. Loading audio narration… Sen. Bernie Sanders of Vermont and Democratic Rep. Alexandria Ocasio-Cortez of New York are introducing the “Artificial Intelligence Data Center Moratorium Act” on Wednesday.The bill would impose a nationwide halt on the…
Data centers have been driving up electric bills. Now, some tech companies are working to change that.At a White House event with President Donald Trump on Wednesday, representatives from several major tech firms signed the “Ratepayer Protection Pledge.””They’re going to be making their own electricity,” Trump said of the tech…
I began my virtual career in the data center industry, standing next to a commercial-sized trash receptacle.The room was fluorescent-lit and aggressively gray. A platform trolley sat nearby. There was a lounge area right next to the trash (an interesting touch!), and I had $30,000 in fake money to spend.This…
Dell is the latest company to get a massive windfall from the AI boom.The tech company reported record annual revenue of $113.5 billion on Thursday, up 19% in its financial year ending January 30.Jeff Clarke, Dell’s vice chairman and chief operating officer, said it had been “a defining year for…
Nvidia CEO Jensen Huang has a message on the possibility of orbital data centers: Watch this space.”The economics are poor today, but it’s going to improve over time,” Huang said during Nvidia’s fourth quarter earnings call.Huang’s tempered optimism is a stark contrast to the views of OpenAI CEO Sam Altman,…
Looking aheadThe data center boom crept up on America, and we were ready. Business Insider jumped on the topic nearly two years ago, and this past week we won a George Polk Award for our work, which included a first-of-its-kind interactive map of data centers across the country and a…
SpaceX CEO Elon Musk and OpenAI CEO Sam Altman famously don’t agree on much.The latest point of contention: data centers in space. Musk has made it a priority. Altman thinks it’s a fantasy, at least for now.”I honestly think the idea with the current landscape of putting data centers in…
The White House is signaling it may force Big Tech to foot the full bill for America’s AI boom.Peter Navarro, President Donald Trump’s trade advisor, said on Fox News’ “Sunday Morning Futures” that data center builders must “internalize” the costs of the electricity, water, and grid strain their AI infrastructure…
